FOX Business’s Liz Claman recalls the life and career of former Zappos CEO and visionary Tony Hsieh.
The estate managers of Zappos co-founder Tony Hsieh are trying to sell more than 90 properties in Las Vegas owned by the multimillionaire at the time of his shocking death, according to a family spokesman and a report.
Richard and Andrew Hsieh, Tony’s father and brother, respectively, notified the Clark County District Court of plans to sell their nearly 100 properties in Vegas, reported the Las Vegas Review-Journal, citing more than 90 court notices on Wednesday. market. The Hsiehs received administrative control of Tony Hiseh’s property after his death in November 2020.
On Thursday, a spokesman for the Hsieh family confirmed the news to FOX Business, writing in a shared statement: “Since Tony’s death in November, the property is grateful to have received an enormous amount of interest in finding ways to expand Tony’s vision of revitalizing downtown Las Vegas through community efforts. “
“As Las Vegas begins to overcome the economic disruption caused by the pandemic and with the favorable opportunity zone policy enjoyed by Downtown Las Vegas, the time has come for the property to consider all options to further implement Tony’s vision” , said the spokesman continued. “As part of that effort, the estate has been advised that all potential transactions on its real estate must be filed in court first. As the possibilities are many, the property has chosen to archive all its real estate assets at this time and invite all interested parties to articulate how they can contribute to the expansion of Tony’s vision. “
Zappos.com CEO Tony Hsieh is the judge of contestants during the fourth annual Halloween parade in Las Vegas on October 31, 2013 in Las Vegas, Nevada. (Ethan Miller / Getty Images) ((Photo by Ethan Miller / Getty Images))
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The spokesman did not immediately provide further information about the properties.
For years, Hsieh worked to revitalize downtown Las Vegas, promising $ 350 million in 2013 for reconstruction. In the same year, he moved Zappos headquarters to the old Las Vegas City Hall building. Nevada Governor Steve Sisolak tweeted after his death, Hsieh “played a key role in helping to transform downtown Las Vegas”.
Hsieh, who announced his retirement from Zappos in August, had at least one residence in Las Vegas. He was estimated at $ 840 million at the time of his retirement, according to Forbes.
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The properties are located predominantly in the city center and consist of Container Park, headquarters of Zappos, among dozens of other properties, according to the Review-Journal. No property valuation information was provided.
Hsieh, 46, died on November 27, 2020, nine days after a fire broke out in New London, Connecticut, home where he and his friends, including his brother, were staying.
At the end of last month, investigators launched several hypotheses about the cause of the fire, which started in the house’s billiard room just before 3:30 am. Hsieh was “trapped” in the billiard room, says the investigation report, by shed doors that were “locked with a single keyhole-style lock set.”
Hsieh was staying in a shed-like room after he, the owner and his alleged girlfriend, Rachael Brown, had an argument around 11:30 pm the night before. She asked him to leave the property until they left for Maui, and Hsieh moved into the billiard room.
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The fire scene that killed Zappos founder Tony Hsieh (New London Fire Department)
The timeline shows that his friends were checking on him every 10 minutes, even when they told Hsieh it was time to go at 3:20 am. He replied, “Five more minutes.”
But at 3:21 am, the alarm for the carbon monoxide detector was activated. At 3:24 am, a camera positioned at the entrance to the shed had failed because of the fire, indicates the timeline. The fire department was called at 3:26 am
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A few minutes earlier, at 3:14 am, authorities said an accident could be heard inside the shed.
It took six minutes for the first fire truck to arrive on the scene for the response teams to reach Hsieh, the report notes. When the firefighters found him, he was “lying supine on a blanket” inside the shed.
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Hsieh was rushed to a hospital in the area, but could not be saved. His death was considered accidental and caused by complications from smoke inhalation, officials said earlier.
Authorities supposedly I do not believe that crime is involved, but said the cause of the fire is still undetermined. The investigators identified four possible hypotheses, including that “misuse of candles started the fire”, the careless disposal of smoking materials or even if “an intentional act by Hsieh” was to blame.
The Associated Press contributed to this report.