June 3, 2018

Triumph of the nerd: how eXp Realty’s founder built a $1 billion business

Glenn Sanford, the founder of fast-growing eXp Realty, seems to be abundantly self-aware. “I am a geeked-out nerd,” who has started 17 businesses, he told me over breakfast on Tuesday. We were at a restaurant near his home and office in Bellingham, Washington, overlooking the San Juan Islands and the North Cascades mountain range, 30 […]

Glenn Sanford, the founder of fast-growing eXp Realty, seems to be abundantly self-aware. “I am a geeked-out nerd,” who has started 17 businesses, he told me over breakfast on Tuesday. We were at a restaurant near his home and office in Bellingham, Washington, overlooking the San Juan Islands and the North Cascades mountain range, 30 miles from the Canadian border.

Sanford ordered eggs benedict. His colorful, but worn, short-sleeved sport shirt looked like a sure bet for a Target sale item.

Part of his title reads: “Chief Thinker and Daily Positive Change Advocate.” But seriously, Sanford is also Chairman of the Board, CEO and largest shareholder, he and his ex-wife own more than half of the outstanding shares of eXp World Holdings. Earlier this week, he moved his company from a penny stock on the Canadian exchange to the Nasdaq, representing a step into the spotlight but also further legitimacy for his eight-year-old tech brokerage company.

Sanford was worth more than $500 million when the stock began trading on the Nasdaq.

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