This is in direct contrast to his financial wealth during childhood, where his mother struggled to support Craig and his brother, Jeff, after the death of their father.

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Craig Alexander Newmark was born on December 6, , in Morristown, New Jersey, to Joyce and Lee Newmark. Lee worked as an insurance salesman but after his death, Joyce had to move her two sons into an apartment.

Craig was only thirteen years old when his father died. After graduating from Morristown High School in , Craig had earned enough scholarships to fund his post-secondary education at Case Western Reserve University.

There, he received a Bachelor of Science degree in and a Masters of Science degree in With his new degrees, Craig landed himself a job as a programmer with IBM for 17 years — first in Boca Raton, Florida and then in Detroit.

How to Make Money on Craigslist in Six Great Ideas

In he moved to San Francisco to work for Charles Schwab. It was here that he was introduced to the internet, resulting in his development of Craigslist.

Craigslist began as a simple e-mail distribution list amongst friends in Thanks to word of mouth, the number of both postings and subscribers grew rapidly and Newmark was surprised when people started using the list for non-event postings, most of which were to fill technical positions. Additional categories were added in response to user demand.

Ever growing in popularity, community members demanded a web interface and thus the now super popular website, Craigslist. Fast forward to , Newmark was still enjoying a career as a software engineer, more specifically a hardcore java programmer.

Craigslist was still a hobby to him, but a hobby with great perks. Through the site, he was getting himself invited to the best parties for geeks and nerds out there.

In , Craigslist was growing so fast that it was incorporated as a private for-profit company and Newmark stopped working as a software engineer to work full-time running Craigslist. In November of he was promoted to CEO which is a position he still holds today.

Over the next few years Craigslist expanded rapidly to several cities throughout the world and on August 1, , they began doing something they had never done before — charging a fee to post job openings in select cities.

As of August 9, , over cities in 70 countries have Craigslist sites, with the website serving over 20 billion page views, 80 million new classified advertisements, and 2 million new job posting listings each month, making it the leading classifieds service and one of the top job boards in the world.

If Craigslist is free for most everybody, then how in the world does it make any money? Its main source of revenue is still primarily from the paid job ads in select cities.

Terynn Boulton writes for the wildly popular interesting fact website TodayIFoundOut. This post has been republished with permission from TodayIFoundOut. Video Sploid Paleofuture io9 Science Reviews Field Guide.

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