In this Sept. 30, 2013, file photo, Tony Hsieh speaks during a Grand Rapids Economic Club luncheon in Grand Rapids, Mich. Hsieh, retired CEO of Las Vegas-based online shoe retailer Zappos.com, has died. Hsieh was with family when he died Friday, Nov. 27, 2020, according to a statement from DTP Companies, which he founded. Downtown Partnership spokesperson Megan Fazio says Hsieh passed away in Connecticut, KLAS-TV reported. Hsieh recently retired from Zappos after 20 years leading the company. He worked to revitalize the Las Vegas area. (Cory Morse/The Grand Rapids Press via AP, File)
LAS VEGAS (AP) — Tony Hsieh, the retired CEO of Las Vegas-based online shoe retailer Zappos.com who spent years working to transform the city's downtown area, has died. He was 46.
Hsieh was with family when he died Friday, according to a statement from DTP Companies, which he founded. Downtown Partnership spokesperson Megan Fazio said Hsieh died in Connecticut, KLAS-TV reported.
Puoy Premsrirut, a lawyer for Hsieh, told news outlets that Hsieh had been injured in a house fire while visiting Connecticut. Additional details weren't immediately released. An official cause of death wasn't announced.
“Tony’s kindness and generosity touched the lives of everyone around him, and forever brightened the world,” a DTP Companies statement said. “Delivering happiness was always his mantra, so instead of mourning his transition, we ask you to join us in celebrating his life.”
Hsieh recently retired from Zappos after 20 years leading the company. The online shoe retailer shared a tribute on social media late Friday.
“The world has lost a tremendous visionary and an incredible human being,” the statement said. “His spirit will forever be a part of Zappos.”
Hsieh was a Harvard University graduate who joined the company — then called ShoeSite.com — in 1999. Zappos was sold to Amazon for $1.2 billion in 2009, but Hsieh had remained with the company until his retirement.
For years, he also worked to revitalize downtown Las Vegas, pledging $350 million in 2013 for redevelopment. The same year he moved Zappos' headquarters into the former Las Vegas City Hall building.
“Tony Hsieh played a pivotal role in helping transform Downtown Las Vegas,” Nevada Gov. Steve Sisolak tweeted Friday night. “Kathy and I send our love and condolences to Tony’s family and friends during this difficult time.”
Many tributes poured out on social media.
“Tony Hsieh might be the most original thinker I’ve ever been friends with,” former venture investor Chris Sacca tweeted. “He questioned every assumption and shared everything he learned along the way. He genuinely delighted in making anyone and everyone happy.”
Skateboarder and entrepreneur Tony Hawk added, “Tony Hsieh was a visionary. He was generous with his time and willing to share his invaluable expertise with anyone.”
“A truly original thinker, a brilliant entrepreneur, and a kind-hearted and generous friend to so many,” tweeted entrepreneur Max Levchin.
Ali Partovi, CEO of the venture capital fund Neo, was a partner in one of Hsieh’s earliest ventures, the internet advertising company LinkExchange. In a tweet Saturday, Partovi said Hsieh was one of the most creative people he had ever known.
“I’ll remember your unique combo of genius and mischief, and your infuriating ability to bet against all odds and win,” Partovi said.
20 Stocks Wall Street Analysts Love the Most
Every trading day, between 500 and 800 new recommendations and research reports are issued by sell-side equities research analysts. There are between 300 and 500 brokerages and research houses that issue ratings, price targets and recommendations and more than 5,000 securities around the world that regularly receive coverage from research analysts.
MarketBeat has tracked more than 170,000 distinct analyst recommendations in the last 12 months alone. Given the volume of ratings changes that occur each day, it can be difficult to sift through the noise.
Analysts don't always get their "buy" ratings right, but it's worth taking a hard look when more than a dozen different analysts from different brokerages and research firm are giving "strong buy" and "buy" ratings to the same stock.
This slide show lists the 20 companies that have the highest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.
View the "20 Stocks Wall Street Analysts Love the Most".