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Home Politics

Tony Hsieh’s family unloading 90 of his Vegas properties

admin by admin
February 20, 2021
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Tony Hsieh’s family unloading 90 of his Vegas properties
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The family of Zappos co-founder Tony Hsieh has taken the first step toward offloading more than 90 of the tragic multimillionaire’s Las Vegas properties — less than three months after a Connecticut house fire claimed his life and despite his desire to revitalize the downtown area.

A lawyer for Hsieh’s father, Richard, and brother, Andrew, filed nearly 100 notices disclosing plans for the sales on Wednesday at Vegas’ Clark County District Court, the Las Vegas Review-Journal reported.

The dad and brother are Hsieh’s estate executors and their plans describe a veritable clearance sale, stating that the properties be sold for cash only, and “to the highest and best bidder.” The notices did not provide appraised values or minimum bids, the paper noted.

Hsieh, who perished at age 46 on Nov. 27, was one of the biggest property owners in the tax-incentivized downtown Vegas “Opportunity Zone,” and had been a vocal proponent of revitalizing the area, the Review-Journal said.

His properties include the Zappos headquarters in the former Las Vegas City Hall building — which he purchased just a month before he died for $65 million — along with a pair of open-air retail and food complexes.

The fire damaged storage shed where Tony Hsieh died on Nov. 18, 2020.
This photo, provided by the New London, Conn., Fire Department, shows the fire-damaged storage shed, at right, where Tony Hsieh, the retired CEO of the online shoe retailer Zappos, died on Nov. 18, 2020.
New London Fire Department via AP

In an emailed statement to The Post, Neon Public Relations founder Megan Fazio said the properties have yet to be offered for sale.

“The notices of sale are simply being filed and published to allow for a possible future sale,” she said.

“These filings do not mean that any of the properties will be sold. The Estate may retain certain properties and sell others, or it may retain all of the properties,” she said, adding that the estate will review “serious, written offers” from prospective buyers in the future.

The troubled shoe mogul was estimated to be worth $840 million, and did not leave a will. The Harvard grad helped turn Zappos into an online shoe retail powerhouse, which sold to Amazon in 2009 for $1.2 billion. He stayed on as CEO of Zappos until stepping down last summer.

He died of complications from smoke inhalation nine days after being pulled unresponsive from the New London home of his rumored girlfriend.

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