Forbes

NIRAJ SHAH

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Wayfair, the online furniture retailer Shah cofounded in 2002, began the year in freefall, with more than 550 people laid off in February and shares plummeting 75% through March 19. That was enough to knock Shah and cofounder Steve Conine, worth $2.2 billion each last year, out of the billionair­e ranks. But starting in late March, housebound Americans began to spend more time shopping online to upgrade their homes. Wayfair’s stock climbed more than 800% since its low as sales surged, catapultin­g Shah and Conine back onto The Forbes 400.

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