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He co-founded the Internet advertising network LinkExchange, which he sold to Microsoft in 1998 for $ 265 million

It joined Zappos in 2000 with an investment of $ 16 million and by 2009 sales had reached $ 1 billion

In 2009, Zappos was sold to Amazon for $ 1 billion, but Hsieh stayed with the company until he retired

Hsieh died of a house fire in Connecticut while visiting family, his company Downtown Partnership Las Vegas (DTP) confirmed

In a statement, Zappos said, “The world has lost an enormous visionary and an incredible person

“We realize that not only have we lost our inspiring former leader, but many of you have lost a mentor and friend as well

“Tony was instrumental in creating the thriving Zappos business we have today, along with his passion for nurturing and driving our corporate culture

“Tony’s kindness and generosity touched the lives of everyone around him as his mantra was to bring happiness to others. His mind will forever be a part of Zappos”

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Tony Hsieh, CEO of Zappos

World News – UK – Who was Tony Hsieh and was the former CEO of Zappos married?