Johns Wu, a 22 year old guy from San Marino, CA is really a fortunate guy, manage to sell his two year old WordPress powered blog Bankaholic to a financial info site BankRate for huge US$ 15 Million.
BankRate will pay $12.4 million up front, with another $2.5 million possible earn out over the next 12 months. Bankaholic’s sole employee John Wu will assist in the transition and remain for an unspecified period of time.
Congratulation Johns for milking out million. Here is the Press release note from BankRate confirming the acquisition.
Bankaholic has an Alexa ranking of 41,904, Google Trend shows approx 8000 unique visitor to blog daily, Bankaholic main source of revenue Sources are AdSense, BankRate Partner Program main source of traffic is Organic Search, and it is manage by only one person, yes The Great John Wu.
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{ 10 comments… read them below or add one }
Wow
That is quite amazing on what people can do with a blog and then turn around and sell it for a huge amount.
Yes, I agree US $ 15 millions is really huge money for a blog.
he is really a successful blogger.
unbelievable , I wonder how many credit cards applications are being filled on his site to reach that sales figure
OMG, when I heard this news, I totally became flabbergasted!
$15 million dollars is definitely an astronomous sum to me here…I would be happy, if I got 10% of the total sum!
Yes, $15 million dollars is alot of money for a blog. This guy has prove to all the website owners that nothing is impossible.
Finally something new for me to learn and I am already subscribed. You can contact me if you need to.
i heard he made $1000/day from his site from affiliate commisions
That is absolutely inspiring. If I could sell my blog for even 1% of that Id be a very happy girl!
its an old news, but very new and interesting for me