Gary Vaynerchuk Net Worth 2024 – The Chairman of VaynerX

Jovica DrazicMarch 23, 2020

Gary Vaynerchuk is a successful entrepreneur, wine critic, and New York Times best-selling author and a chairman of communication company VaynerX from New York.

Childhood

Gennady Vaynerchuk was born on November 14th, 1975, in Babruysk, Belarus, which was then a part of the Soviet Union. When he was three years old, the family emigrated to the United States. At first, eight family members lived together in a small apartment in Queens, New York, before moving to Edison, New Jersey. Even as a young boy, Gary demonstrated entrepreneurship spirit, successfully running a lemonade stand at the age of seven. He attended North Hunterdon High School. During his high school years, Gary developed a successful business of trading baseball cards and toys. When he was 14, he joined his family’s business, packing ice for $2 an hour. He later enrolled and graduated from Mount Ida College in Newton, Massachusetts with a bachelor’s degree in 1998.

Professional Career

Just as Gary was finishing his university studies, the Internet started getting attention. He immediately recognized it as an opportunity and started working in his father’s liquor shop, called Shoppers Discount Liquors, trying to usher it into a digital age. First, he renamed it to Wine Library and made it one of the first e-commerce alcohol services in the United States. While he managed it, Wine Library increased its income from $3 million to $60 million annually by 2003.

In 2006, Gary created a YouTube channel called WineLibratyTV, making a video per day for almost five years. This helped establish him as one of the leading wine experts in the country. His charismatic personality was a winning ticket and he appeared on TV shows with Ellen Degeneres, Jimmy Felon, and Conan O’Brien, increasing his national exposure.

Vaynerchuk holds many investments across the field, including startups, restaurants, and real estate. Together with his brother, AJ Vaynerchuk, he founded VaynerMedia. Nine years later, it represents clients like General Electric, Johnson and Johnson, Pepsi, Chase, and many others, employing more than 900 people. The company later acquired PureWow and was reorganized as VaynerX.

By 2015, he appeared on Crain’s New York Business 40 Under 40 list and was top of the Forbes’ list of most-authoritative opinion leaders in social networks in the world. So far, Gary has written four books on business, all of which appeared on the New York Times bestselling list.