49-year-old lived on $3 a day when he first moved to the U.S.—now he's a billionaire tech CEO [CNBC]
iPower Inc. (IPW)
Company Research
Source: CNBC
He worked up to 100 hours per week at three different jobs to make ends meet, he says. Today, the 49-year-old Gorny is the founder of multiple tech businesses, including a cloud-based business communications company called Nextiva that was most recently valued at $2.7 billion . Gorny, the company's CEO, has a net worth exceeding $1 billion, according to a Nextiva spokesperson. Gorny attended college in Germany while dreaming of moving to the U.S. to start a tech business. When a friend invited him to Los Angeles to help build a website-hosting startup in 1996, he took the chance, dropping out a few months before graduating and bringing his life savings of around $15,000, he says. The money disappeared “super quickly” — spent on housing, legal fees for a work visa and a “piece of crap” car that broke down within months, Gorny tells CNBC Make It. DON'T MISS: The ultimate guide to negotiating a higher salary His startup, called Internet Communications, wasn't bringing in any mo
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News
- 49-year-old started his business ‘to make $5,000 a month to survive, pay my mortgage'—he sold it for $100 million [CNBC]CNBC
- iPower Inc (IPW) Q1 2025 Earnings Call Highlights: Strategic Expansion Amid Revenue Challenges [Yahoo! Finance]Yahoo! Finance
- iPower Reports Fiscal First Quarter 2025 Results [Yahoo! Finance]Yahoo! Finance
- iPower Reports Fiscal First Quarter 2025 ResultsGlobeNewswire
- iPower Inc. (NYSE: IPW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
IPW
Earnings
- 9/19/24 - Beat
IPW
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/13/24 - Form 8-K
- IPW's page on the SEC website