Tony Hsieh’s assets top $500M, filing says

Las Vegas tech mogul Tony Hsieh had assets worthy much than $500 million, according to tribunal documents filed this week.

The magnitude was revealed successful a preliminary inventory of the erstwhile Zappos CEO’s assets, filed Thursday nighttime successful his estate’s probate case. Hsieh was unmarried and died without a volition astatine property 46 connected Nov. 27, 2020, from injuries helium suffered successful a Connecticut location fire.

Hsieh’s father, Richard, and member Andrew are overseeing his estate. More than $150 cardinal successful creditor’s claims person been filed successful the probate lawsuit from aggregate companies and Hsieh’s associates.

According to the preliminary inventory, Hsieh’s assets included constricted liability companies, existent property holdings and idiosyncratic slope accounts, and are worthy astatine slightest $523 million.

Hsieh’s astir costly existent property spot was the Zappos office, 400 Stewart Ave., which is worthy $19.8 million, according to the document.

The tribunal filing besides indicated helium had much than $400 cardinal successful 1 slope account.

Lawyers for Hsieh’s household did not instantly respond to a petition for comment.

In erstwhile tribunal filings, Hsieh’s relatives person described his alarming behaviour successful the twelvemonth starring to his death, including cause usage and delusional thinking. The ineligible conflict implicit Hsieh’s property besides has featured allegations that radical adjacent to Hsieh took vantage of him financially arsenic his wellness spiraled downward.

Much of the ineligible conflict implicit Hsieh’s property involves Jennifer “Mimi” Pham, who, successful tribunal filings by her lawyers, was described arsenic Hsieh’s assistant, right-hand idiosyncratic and person for 17 years.

She besides has filed much than $130 cardinal successful creditor’s claims, the largest of which, astatine $75 million, is the “anticipated profit” from Hsieh’s task successful the documentary-movie streaming service Documentary+ that launched successful January.

On Friday, Life is Beautiful festival caput Justin Weniger filed different creditor’s assertion against Hsieh’s estate. The filing, overmuch of which is heavy redacted, stated that a 27.7 percent equity involvement successful the euphony festival is “justly owed and owned” by Weniger’s company, 1122 Holdings, but that “no outgo person been made thereon which are not credited.”

“Weniger files this assertion retired of an abundance of caution successful bid to conscionable the statutory deadline successful the lawsuit helium and/or 1122 Holdings is deemed a creditor of the Estate,” according to the creditor’s claim.

Weniger’s lawyers did not instantly respond to a petition for comment.

Other creditor’s claims successful Hsieh’s probate lawsuit see a $40,000 claim for a customized “ceiling encephalon prototype”; a $19 cardinal claim from a Utah movie workplace 1 of Hsieh’s companies rented successful the weeks anterior to his death; and a transcript of Hsieh hiring idiosyncratic for $450,000 a twelvemonth nether a loosely defined occupation title including moving connected “random projects similar koi food oregon histrion houses.”

Contact Katelyn Newberg astatine knewberg@reviewjournal.com oregon 702-383-0240. Follow @k_newberg connected Twitter.