The co-founder of Resident Home LLC, Craig Schmeizer, had a hefty net worth of approximately $80 million at the time of his passing in 2024. However, the confirmed figures remain unknown.
He co-founded companies like Nectar Sleep and DreamCloud back in the late 2010s. In their first year itself, Nectar made $35 million in revenue.
Later, those companies turned into something much bigger under the parent company called Resident Home. The brands sold a lot of beds online, and the whole operation grew fast, reaching hundreds of millions in sales each year at its peak.
He made a colossal amount from his shares in Resident Home LLC.
In 2024, Resident Home was sold to a big furniture company named Ashley Home for around 1 billion dollars. As one of the main founders, Craig stood to get a good share from that deal, though exact numbers for his personal cut never came out publicly.
Before that exit, he already showed he had serious cash flow from the early days. Nectar started strong, pulling in tens of millions in its first year, and kept climbing with revenues hitting the hundreds of millions range pretty quickly.
He talked in interviews about how the business stayed profitable without taking outside venture money at first, which let the founders keep more control and likely more of the profits along the way.
He also got into other things like Finovance, a fintech startup he co-founded later on, but a significant part of his sound financial standing comes from Resident Home LLC.
Talking about his real estate side, the most talked about asset was his townhouse on the Upper East Side at 111 East 81st Street in Manhattan.
He bought that four-story limestone place in March 2022 for 13.2 million dollars. It has about 6650 square feet with 5 bedrooms, plenty of luxury features like a big wine cellar full of valuable bottles, artwork, family heirlooms, and a nice garden area.
The property sits in a prime spot near Park Avenue and the Metropolitan Museum of Art.
After he died in late 2025, the home went into trusts controlled in part by his estranged wife, Sarah Shalev, who handled the estate.
The place still carries a high value, probably close to or above what he paid, given Manhattan real estate trends and recent estimates put it around thirteen million or more.
Above all, Craig’s sophisticated lifestyle also spoke volumes about his sound financial standing.
He and his wife at the time were part of cultural groups like the Presidents Circle at the Met, so they enjoyed that kind of sophisticated lifestyle with nice dinners, events, and probably high-end travel.
Investments likely included stakes in startups since he mentioned working with and putting money into over 50 companies, many backed by accelerators. That spread helped build his portfolio beyond Resident Home LLC.
Overall, Craig Schmeizer’s finances looked solid from founding and scaling those direct-to-consumer companies into a major exit.
The billion-dollar sale stands out as the key moment that would have boosted his wealth significantly, along with the upscale Manhattan townhouse as a main visible asset.
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