Stock Photography’s First Billionaire

Posted on 7/1/2013 by Jim Pickerell | Printable Version | Comments (1)

The stock photography business has its first billionaire. Bloomberg news reported that last week Jonathan Oringer, the founder of Shutterstock Inc. (SSTK) became a billionaire. Oringer owns 18.5 million shares of Shutterstock, or 55 percent of the outstanding shares.  Last week shares of the company reached a record high of $56.44. Today, shares are trading at around $56 per share which makes Oringer’s holding worth in excess of one billion dollars.

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Copyright © 2013 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz
Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

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