Read the complete write-up of Sam Morgan net worth, age, height, family, parents, wife, children, assets and liabilities as well as other information you need to know.
Sam Morgan is best known as the founder of Trade Me, New Zealand’s largest online auction site, which he sold in 2006 to Australian media company Fairfax for over NZ$700 million.
Early l ife
Sam Morgan w as born on July 24, 1975 (age 46 years) in Wellington, New Zealand. His parents are father economist Gareth Morgan and mother Jo Morgan a local bus driver. He attended Newtown School, Rongotai College and Victoria University of Wellington before opting out in 1995.
Sam Morgan worked for IT consultancy Deloitte before leaving to start up Trade Me in 1999. Trade Me kept him very busy and at one point he was living 200 metres from the main office on Wellington Waterfront.
On March 6, 2006, John Fairfax Holdings agreed to buy Trade Me for NZ$700 million, plus another NZ$50 million if financial targets were met over the next two years. Sam Morgan received $227 million (excluding future bonuses), making him one of the richest people in New Zealand overnight.
The entrepreneur Morgan is now an investor and advisor to a number of start-up businesses and is also involved with several not-for-profit organisations including Medicine Mondiale and One Acre Fund.
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He was a co-founder of the Pacific Fibre project, and the majority owner and chairman of vWorkApp, a cloud-based dispatch and scheduling product. He is a director of Trade Me, Xero (software) and Vend (software).
In 2010 Morgan was awarded an Honorary Fellowship of the New Zealand Computer Society (HFNZCS). In 2006, following the sale of Trade Me, Morgan founded and endowed Jasmine Social Investments, a private foundation focused on high impact philanthropy. As of 2021, he had around 40 philanthropic projects, a number of them focused on alleviating the effects of poverty.
Sam Morgan is married to his longtime girlfriend Talei Hayward, they had their wedding in 2001. The couple has three children. Sam Morgan and his family live in a private house in Wellington.
Sam Morgan net worth
How much is Sam Morgan worth? Sam Morgan net worth is estimated at around $500 million as of 2022. His main source of income is his private business. He is one of the richest people in New Zealand. Morgan successful career has earned him some luxurious lifestyles and some fancy cars.