Jet.com Purchase Made This Guy A Millionaire

What any of us would do to just wake up one day and be accidental millionaires. It’s what hapened to a 30 year old man named Eric Martin.

Martin, who works for a custom bath installation company, received 100,000 Jet shares in 2015 when he won a contest to see who could get the most people to sign up for memberships to the online shopping site. He spent about $18,000 in online ads.

With Jet.com Inc. being sold to Wal-Mart Stores Inc. in a $3.3 billion deal, Martin just became a millionaire with his shares.

“It feels good; it feels really good,” Martin said. “The way I think to describe it is ‘occasional hysterical laughing.”’
Though he has no idea what his stake is worth, Fusion reported last year that his shares may be valued from $10 million to $20 million.

Instead of just recklessly spending it all, Martin is thinking about his own startup, Ideadash.com , an online portal that lets people post their ideas for inventions or businesses and get others to execute on them while retaining a stake in the project.

“I’m weighing my options,” he said. “I’ve got to take time to process all this.”

Disclaimer: We have no position in Wal-Mart Stores Inc. (NYSE: WMT) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

sophia-villa has 1902 posts and counting.See all posts by sophia-villa