marc benioff net worth
Marc Benioff is an American investor, billionaire, and philanthropist. He is the co-founder, Chairman, and Chief Executive Officer (CEO) of Salesforce, a cloud-based software company. Since 2018, he has been the owner of the renowned Time Magazine.
Benioff founded Salesforce in 1999, now a Fortune 150 firm with over 70,000 workers. Forbes named the company the Most Innovative Company, Fortune named it the Best Place to Work, and Fortune ranked it the 10th Most Admired Company in the World.
Marc Benioff was named CNN Business CEO of 2020, one of the 10 Best-Performing CEOs by Harvard Business Review, one of Fortune’s 25 Greatest Leaders in the World, and “Innovator of the Decade” by Forbes.
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Marc Benioff’s net worth in 2024 stands at $10.6 billion. The majority of Benioff’s billion-dollar net worth primarily stems from his ownership of 3% of Salesforce. He has cashed out over $2 billion from the sale of Salesforce shares.
A few days ago, he sold $4,593,481 in company stock, according to a recent SEC filing. He sold various blocks of shares in multiple transactions. The sale of Salesforce’s shares ranged from $304.8569 to $307.4845. The estimate of his cash investments considers these proceeds, along with market trends, taxes, charitable donations, and asset acquisitions.
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Marc Benioff was born on September 25, 1964, in the San Francisco Bay Area. Growing up in Hillsborough, he graduated from Burlingame High School in 1982.
He then pursued his Bachelor of Science in Business Administration with a focus on Entrepreneurship at the University of Southern California from September 1982 to May 1986. During his time there, he actively engaged in the Tau Kappa Epsilon fraternity, likely honing his leadership and networking skills.
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Marc Benioff’s entrepreneurial side kicked in when he was in high school. He developed an application called “How to Juggle” and sold it for $75. At the age of 15, Benioff founded Liberty Software in 1979, producing and marketing Atari 8-bit titles like Flapper and King Arthur’s Heir.
When he was in college, Benioff Marc worked as an intern at Apple Computer. He worked on the Macintosh 68000 Development System during the summer of 1984. His role involved writing example assembly language programs, providing him with early exposure to the tech industry.
Following this, Benioff joined Oracle Corporation, where he served for over 13 years, eventually reaching the position of Senior Vice President. During his tenure at Oracle, he gained valuable experience and insights into enterprise software and cloud computing.
In March 1999, Benioff co-founded Salesforce.com and assumed the roles of Chairman, Chief Executive Officer, and Founder. He emerged as a pioneer of cloud computing, leading Salesforce to become the premier provider of Customer Relationship Management (CRM) software globally.
Salesforce has consistently innovated and disrupted the tech industry. The company with a market capitalization of over $292 billion is one of the biggest software companies in the world. Benioff’s achievements have garnered widespread recognition, including being named “Innovator of the Decade” by Forbes and recognized as one of the World’s 50 Greatest Leaders by Fortune.
On September 16, 2018, Marc Benioff and his wife Lynne purchased Time Magazine for $190 million.
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Apart from his very impressive resume, Marc Benioff is also known for his advocacy for equality and social responsibility. The Salesforce Foundation, founded by Benioff and his wife, donated $100 million to UCSF Children’s Hospital, $25 million to Stanford University, and $35 million to the University of California, San Francisco’s Prostate Cancer Research Initiative.
The Benioffs established the Benioff Ocean Initiative at the University of California, Santa Barbara, with a $10 million donation in 2016. In 2019, they contributed $30 million to the Center for Vulnerable Populations’ Benioff Homelessness and Housing Initiative.
In 2020, they purchased 50 million pieces of personal protection equipment for hospitals and COVID-19 first responders in the US.
In 2021, Benioff pledged $200 million to grow trees and fund environmental growth and afforestation.
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Recently, it was revealed that tech billionaire March Benioff has been quietly purchasing land in Hawaii, near the town of Waimea on the Big Island.
The information was dug up by investigative journalist Kara Derr, of NPR. She revealed that Benioff’s Hawaii property encompasses over 600 acres of land. He has purchased 29 properties totaling over 580 acres in Waimea, as well as nine additional totaling approximately 25 acres in beach resorts. One of his seaside homes encompasses the entire public beach. The overall market value of this land is nearly $100 million.
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Before finding Salesforce, Marc Benioff worked at Oracle Corporation for over 13 years and became the Senior Vice President of the company. Prior to this, he was an intern at Apple Computer, where he worked on Macintosh.
Marc Benioff’s wife is Lynne Benioff. The couple has two children and they live together in San Francisco, California.
Marc Benioff is a tech billionaire. According to Forbes’ real-time billionaires index, Marc Benioff’s net worth today is over $10.6 billion.
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