10 Things You Didn't Know About eBay CEO Devin Wenig
Devin Wenig is a businessman who currently holds the positions of President and Chief Executive Officer of eBay. He was born in New York in 1956 and is the son of Carol Wenig and Dr. Jeffrey Wenig, the founder of Nastech Pharmaceutical Company. Although he is well known in business circles, there are plenty of things that people do not know about this businessman. Here are 10 interesting facts that you probably didn’t know about Devin Wenig.
1. He First Became a CEO at 23
Wenig had an early start working in a senior position in a company due to unfortunate circumstances. When Wenig was just 23, his father died unexpectedly. This meant that Wenig became the Chief Executive Officer at his father’s company, Nastech Pharmaceutical. However, this wasn’t the industry he wanted to work in, so he recruited a manager after a year so that he could pursue a career in law. He then joined Cravath, Swaine & Moore law firm.
2. He is a Board Member of Several Companies
In addition to his roles at eBay, Wenig is also a member of several boards for other companies, committees, and councils. He is a board member of both Reuters and General Motors. He is also a trustee of the Paley Center for Media, the co-chair of the World Economic Forum’s Consumer Industries Steering Committee, and a member of the Business Council.
3. He Has a Solid Sized Social Media Following
Often, it is celebrities that attract large numbers of followers on Twitter. However, Devin Wenig has amassed a nice following on his social media accounts. On Twitter, he has 11.8 thousand followers, which is quite an impressive figure for a businessman. He uses his Twitter account to post about various business-related topics.
4. He Has a Diverse Range of Hobbies
Devin Wenig has a diverse range of interests. He enjoys many sports and likes to keep fit by going for a run. He is also a keen art enthusiast and is an amateur coder. Wenig is also interested in technological developments.
5. His Brother is an Antique Car Restorer
There are links between Wenig’s professional life and his brother’s business, despite the brothers have completely different careers. Wenig’s brother is in the antique car restoration business and he uses eBay for many aspects of running his business. In fact, he uses eBay as his supplier, distributor, and his IT department. According to Wenig, his brother could not run his own business without eBay.
6. His Personal Net Worth is $57.1 Million
It is estimated that Devin Wenig has an estimated net worth of at least $57.1 million, although some estimates put this figure closer to $63 million. His personal worth includes the 28,074 units of eBay stock he holds, which has a value of around $39,437,680. For his roles as President and Chief Executive Officer of eBay, he receives an annual salary of $17,670,600.
7. He Follows a Healthy Lifestyle
Wenig believes that staying healthy is important for him to function in his role. Therefore, he often goes for a run at 5 am before he starts his working day. He always packs himself a healthy lunch to eat at work, with the contents of his lunch bag often containing cottage cheese and a daily portion of fruit.
8. He Has a Surfboard in His Office
Wenig prefers the minimalist look and this is reflected in his stripped-down office. However, he does have a rather interesting feature in the corner of his office- a surfboard. He has said that this makes an interesting conversation piece and it gives him the opportunity to boast about his skills riding the waves.
9. He is Married to a Lawyer
Devin Wenig has been married to lawyer Cindy Lee Horowitz since 1993. Like Wenig, Horowitz is a graduate of Columbia University School of Law. They had a Jewish ceremony and the wedding took place at the Huntington Jewish Center. The couple lives together in California and they have a son, Justin, and a daughter, Madison.
10. He Loves Living in San Jose
When Wenig was appointed as the President and CEO of eBay, he moved with his family from New York to San Jose. It was a risky move because the two areas are very different. However, he loves the Bay Area and says it gives him the right mix of all the things that are important to him. According to Wenig, people who live there love the outdoors and a healthy lifestyle, thanks to the mountains and ocean. However, the area is home to some of the world’s most innovative technology companies, including Apple and Google. This means that Wenig can enjoy a fantastic work-life balance.
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Written by Liz Flynn
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