Stock Photography’s First Billionaire

Posted on 7/1/2013 by Jim Pickerell | Printable Version | Comments (1)

The stock photography business has its first billionaire.

Bloomberg news reported that last week Jonathan Oringer, the founder of Shutterstock Inc. (SSTK) became a billionaire. Oringer owns 18.5 million shares of Shutterstock, or 55 percent of the outstanding shares.  Last week shares of the company reached a record high of $56.44. Today, shares are trading at around $56 per share which makes Oringer’s holding worth in excess of one billion dollars.

The value of Shutterstock has more than tripled since selling shares in an initial public offering last October. Bloomberg reports that according to Andre Sequin, an analyst at RBC Capital Market, Oringer is the first billionaire to be created in Silicon Alley, a collection of technology startups in New York.

In an interview at his 34th floor office in New York’s financial district last month Oringer said, “I’ve never been very flashy or high-profile, I’ve always stayed under the radar.”

While Getty Images is larger than Shutterstock in terms of gross annual sales, the holdings of the company are much more widely disbursed and the company has much greater debt than Shutterstock. It is believed that neither Mark Getty nor Jonathan Klein have anything approaching one billion dollars in terms of personal assets.

Copyright © 2013 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz

Jim Pickerell is founder of, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to:  


  • Tibor Bognar Posted Jul 6, 2013
    Well, good for Mr. Oringer! One person has become a billionaire, but how many photographers have become poorer because images are sold for a few cents instead of a few hundred dollars only a few years ago? But this is the world we live in...

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