Home / Richest Celebrities / Jimmy Wales Net Worth

Jimmy Wales Net Worth

Jimmy Wales wiki & biography:

Jimmy Wales Net Worth

Career/Profession: Internet Entrepreneur

An American Internet Entrepreneur Jimmy Wales is well known as among the creators of Wikipedia, which will be world’s biggest online non-rewarding encyclopedia. His complete name is Jimmy Donal ‘Jimbo’ Wales. He’s also in charge of creating Wikia, a web-hosting company. His passion and dependence to the internet and exploring new matters led him to form an internet non lucrative organization.

Wales always has an dependency of the net since from his childhood. He used to code in his free time. It has helped him to learn about computer networks. In 1994, he began working with a Chicago future firm in Chicago. His journey as an internet entrepreneur began with the Bomis, web portal for pictures. But this web portal didn’t reach the net market and was an unsuccessful attempt.

Sharp minded personality since childhood:

Jimmy Wales was born on August 7th, 1966 in Huntsville, Alabama. Jimmy belongs to some really low class family where his father was a store manager and his mother used to run a private school. Since his childhood he was quite sharp minded and always interested to learn new things. Jimmy used to pass his time exploring new things and reading World book encyclopedia. Jimmy left his PhD in between and didn’t finish it because of some job offers in finance. Jimmy also worked in Chicago future firms as the research director.

Nupedia: His first attempt

Instead Bomis had not been that much successful instead it provided him with the funds which helped him to go with his passion. A hot conversation took place between both of them ending with the starting of new camaraderie. He decided to opt for his endeavor of an online encyclopedia so he hired Sanger with him on this endeavor. Sanger became the main editor of that pursuing endeavor. In 2000, finally they came up with Nupedia which was open content encyclopedia. It was information supplying a newsgroup which contains information about skilled issues, in addition to the advertisements of various brands that was a way to make gain. But this attempt also went unsuccessful. In 2001, Sanger came into contact with Ben Kovitz who was a master in programming. He described his thought to the Kovitz. He suggested them about wiki model that would allow incremental growth and contribution throughout the encyclopedia. This endeavor accepted complete involvement from the users who write their articles and later on they’re reviewed by their expertise.

Founder of Wikipedia:

Sanger and Wales were afraid of launching Wikipedia after the waste of the Nupedia attempt. But they finally made an effort to establish it in the market and surprisingly, it proved to be a profitable attempt. Number of articles have outgrown over the net with various numbers of editors. He made it an open source editing by which anyone can try to make edits. He was dreaded of this feature, but later on editing community was formed to see all such efforts.

Establishment of Wikimedia Foundation:

This foundation’s motto would be to introduce policies for encyclopedia and its future projects. He was the section of the Board of Trustees and stayed chairman of the foundation for the period of 2003-2006. From 2006, he was entitled to the respectful position of ‘Community. He consistently involved himself in the promotion of the Wikipedia at the computer and educational level. In one of his interview he declared that Wikipedia was worth $3 billion and donation made the whole thing possible. Danny Wool, Wikimedia employee accused him for the misuse of its funds.

His assets and property:

His assets and property, largely revolve around his firm Wikia. In 2004 he founded this business as well as his fellow members. Wikia is basically a group of wikis over distinct areas. The services provided by Wikia were broad enough like it provided an internet search engine called Wikia Search which was enough to challenge Google. He resigned from his post of CEO in 2006. jimmy wales owns a private jet which stayed in controversies for a very long period of time which he justified as the assets of Wikipedia. he also owns a telephone company named Individuals’s Operator.

Awards and Achievements:

In 2006, he listed his name in Scientist & Thinkers of Time 100.

World Economic Forum entitled him with Young Global Leader of 2007.

In 2014 he was amongst 25 Web Stars, which was printed in The Daily Telegraph.

He also received the Nokia Foundation Annual Award in 2009.

In 2013 he was awarded with a UNESCO Neils Bohr Medal.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Stacy Keibler Net Worth

Stacy Keibler Net Worth 4.5 Million Stacy Kibler is a renowned actress, model and former ...