Bloomberg Billionaires Index

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#349 Andy Bechtolsheim $5.05B

Random fact: Won a Fulbright Scholarship to study in the U.S.

Overview

Bechtolsheim is the chairman and co-founder of Arista Networks, a Santa Clara, California-based company that provides cloud networking services for clients such as Microsoft and had revenue of $1.1 billion in 2016. The Silicon Valley veteran was an early Google investor, and co-founded Sun Microsystems.

As of July 21, 2017:
Last change -$43.6M (-0.9%)
YTD change +$1.10B (+27.8%)
Industry Technology
Biggest asset ANET US Equity
Citizenship Germany
Age 61
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Andy Bechtolsheim's net worth of $5.05B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Bechtolsheim owns an 18 percent stake in Arista Networks, whose clients include Microsoft, according to its 2015 annual report. The billionaire, who was Google's first investor, holds his Arista shares directly and through the Bechtolsheim Family Trust, according to the company's 2016 proxy. He also owns about half a million exercisable options the filing shows.

He's also calculated to own a 0.3 percent stake in Alphabet, the holding company that owns Google. The value of his Google investment is based on the stake disclosed in the prospectus for the internet search company's 2004 initial public offering. The number of shares he holds hasn't been disclosed since that date and it's calculated that he's sold 10 percent of his stake every year since 2004, which is the same percentage he sold during the IPO.

Proceeds from these calculated Google share sales and from Bechtolsheim's other ventures, including Sun Microsystems, Granite, Kealia and venture capital firm HighBar, have been derived from reported sale prices and share sales. The value of his cash investments is based on an analysis of dividends, insider transactions, asset sales, taxes and market performance.

Amanda Jaramillo, a spokeswoman for Arista, said the billionaire declined to comment on his net worth.

Biography

Birthdate: 9/30/1955
Family: Single, No children
Education: 1977-1982, Stanford University, PhD 1976, Carnegie Mellon University, Master's Degree University of Technology

Andreas von Bechtolsheim was born in Bavaria on Sept. 30, 1955. He moved with his family to Rome in 1963, returning to Germany five years later to study engineering at Munich's University of Technology where he won a Fulbright Prize. He moved to the U.S. and completed a master's degree in computer engineering at Carnegie Mellon University in 1976.

After a brief stint at chipmaker Intel, he took a summer job at Stanford University and became an electrical engineer PhD student in 1977. He left Stanford five years later to set-up Sun Microsystems with Vinod Khosla, Scott McNealy and Bill Joy. The company sold shares in an initial public offering in 1986.

Bechtolsheim left the company nine years later to set up network-switch maker Granite, which he sold to Cisco for $220 million the following year. Granite co-founder and Stanford professor David Cheriton introduced Bechtolsheim to Google founders Larry Page and Sergey Brin in 1998. He invested before the company had been incorporated.

The billionaire returned to Sun in 2004, after the company bought server maker Kealia, a company he'd established with Cheriton in 2001. He left again in 2008, to focus on Arista Networks, a network-switch maker that held an IPO in June 2014.

Milestones
  • 1955 Andreas von Bechtolsheim is born in Bavaria, Germany.
  • 1982 Leaves Stanford to co-found Sun Microsystems.
  • 1986 Sun Microsystems sells shares on the New York Stock Exchange.
  • 1995 Co-founds network-switch maker Granite after resigning from Sun.
  • 1998 Invests in Google after meeting Sergey Brin and Larry Page.
  • 2001 Establishes server maker Kealia with Stanford professor David Cheriton.
  • 2010 Oracle buys Sun Microsystems for $7.4 billion.
  • 2014 Arista starts trading on the NYSE and rises 28 percent on the first day.