Pursuits
Shutterstock Creates First Silicon Alley Billionaire
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Jonathan Oringer, the founder of Shutterstock Inc., became a billionaire today as shares of the world’s largest stock photo and video marketplace rose to a record.
Oringer, 39, owns about 55 percent of Shutterstock, which has about 28 million licensed photos, illustrations and videos available for sale on its website. His 18.5 million shares, which he controls through closely held investment company Pixel Holdings Inc., are valued at $1 billion, according to the Bloomberg Billionaires Index.