Bloomberg Billionaires Index

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# 212 Jay Chaudhry $9.28B

Random fact: Attended University of Cincinnati night school for two master’s courses.

Overview

Chaudhry and his family control Zscaler, operator of the world's largest internet security cloud. The San Jose-based company had revenue of $673.1 million in the year to July 31, 2021 and detects more than 150 billion security threats per day. Zscaler began trading publicly on New York’s NASDAQ exchange in March 2018.

As of :
Last change +$305M ( +3.4%)
YTD change -$9.37B ( -50.3%)
Biggest asset ZS US Equity
Country / Region United States
Age 63
Industry Technology
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jay Chaudhry's net worth of $9.28B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Chaudhry's fortune is derived from his family's stake in Zscaler. They directly control about 19% of the company, while family trusts control another 21%. The full value of these shareholdings is attributed to Jay Chaudhry to reflect his status as Zscaler’s founder and chief executive officer. Zscaler is the world's largest security cloud and detects more than 150 billion threats per day, according to its website.

Chaudhry and his family have received more than $300 million from share transactions in the cybersecurity companies he founded prior to starting Zscaler. The value of his cash and other assets is based on an analysis of these transactions as well as dividends, market performance, taxes and charitable contributions.

Chaudhry declined to comment on his net worth.

Biography

Birthdate: 8/26/1958
Family: Married, 3 children
Education: University of Cincinnati, University of Cincinnati, Banaras Hindu University, University of Cincinnati

Jagtar “Jay” Chaudhry was born Aug. 26, 1958, in India. Raised in a farming family, he grew up in a Himalayan village that had no running water or electricity for most of his childhood.

Chaudhry studied electronic engineering as an undergraduate at the Indian Institute of Technology, according to his LinkedIn profile. He then obtained three master’s degrees from the University of Cincinnati in computer and electronic engineering, business administration and industrial engineering. He also attended Harvard Business School’s executive management program.

Chaudhry started working for a software company after receiving his first degree at University of Cincinnati, according to a June 2013 interview he gave to the Silicon Valley entrepreneur site One Million by One Million. Before launching his first cybersecurity start-up in January 1997, Chaudhry held sales and marketing roles at U.S. multinational businesses including International Business Machines Corp., NCR Corp. and Unisys Corp. He sold his start-up, SecureIT Inc., a year later and sold three other cybersecurity businesses before setting up Zscaler in October 2007.

Zscaler had an initial public offering in March 2018. It was the year's first IPO involving a technology "unicorn".

Chaudhry met his wife, Jyoti, while they were both students at University of Cincinnati. They live in California.

Milestones
  • 1958 Born in Panoh, India.
  • 1997 Launches first cybersecurity company, SecureIT.
  • 2007 Zscaler set up in San Jose, California.
  • 2018 Zscaler shares jump 106 percent on first day of public trading.