India, Oct. 14 -- Doug Lebda, founder and CEO of LendingTree, died on October 12. He was 55. His death was announced on Monday, October 13, in a company statement. He founded the Charlotte-based company in 1996 and has taken it to new heights in the last few years, as per a WHQR report. Along with his company, Lebda's net worth has also been significant, estimated to be in the millions.

Lebda tragically lost his life in an accident while he was in an all-terrain vehicle. Following his death, the company's stock went down by 9 per cent. The news of his demise has sent shockwaves across the financial industry.

According to Benzinga, Lebda's net worth is around $305 million. It was estimated after calculating his shares in their companies ...