Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#435 Marc Benioff $4.33B

Random fact: Signs off letter to Salesforce stockholders with "Aloha."

Overview

Benioff is the founder and chief executive officer of Salesforce.com, a customer relationship management software provider. The San Francisco-based company offers cloud computing services that allow clients to coordinate sales and marketing operations. It had revenue of $8.4 billion in the twelve months to Jan. 31, 2017.

As of July 25, 2017:
Last change -$29.0M (-0.7%)
YTD change +$830M (+23.7%)
Industry Technology
Biggest asset CRM US Equity
Citizenship United States
Age 52
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Marc Benioff's net worth of $4.33B 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:

Benioff owns a 5 percent stake in Salesforce.com, according to a July 2017 SEC filing. He also owns about 4 million exercisable options, according to the company's 2017 proxy and adjusting for those since exercised.

He also owns a 4 percent stake in publicly traded Fitbit, according to a December 2016 SEC filing.

The billionaire's cash holdings are based on an analysis of share sales, dividends, market performance, taxes and charitable contributions. A liability is included to reflect the cost of exercising his Salesforce.com options.

Biography

Birthdate: 9/25/1964
Family: Married, 2 children
Education: 2014, Doctorate Degree, University of Southern California 1986, Bachelor's Degree, Business Administration, University of Southern California

Marc Benioff was born in 1964. A fourth generation San Franciscan, Benioff graduated from Burlingame High School in the Bay Area in 1982. While still in high school, he founded Liberty Software to create and sell videogames.

After graduating from the University of Southern California in 1986, Benioff began working at Oracle. He stayed there for 13 years and held several positions in sales, marketing, and product development. He was the top Oracle salesperson for new accounts at age 23, according to a 2012 Fortune article.

Benioff left Oracle in 1999 to co-found Salesforce.com with software developers Parker Harris, Dave Moellenhoff and Frank Dominguez. They created an on-demand information management service to replace traditional software. The company had its IPO in June 2004, raising $110 million.

In 2012, Salesforce.com purchased online marketing firm Buddy Media and Canadian startup GoInstant. It acquired email marketing company ExactTarget the following year.

Outside of Salesforce, Benioff is involved in several philanthropic efforts. He has donated $200 million to the University of California San Francisco and the Oakland Children's Hospital, now renamed Benioff Children's Hospital. Through the Salesforce Foundation, he created the 1-1-1 model, where a company commits 1 percent of its employee hours, 1 percent of its equity, and 1 percent of its profit to philanthropy.

Milestones
  • 1964 Marc Benioff is born in San Francisco.
  • 1982 Graduates from Burlingame High School.
  • 1986 Joins Oracle after graduating from University of Southern California.
  • 1999 Leaves Oracle to start Salesforce.
  • 2000 Creates the Salesforce.com Foundation and 1-1-1 model.
  • 2004 Salesforce.com sells shares in a public offering.
  • 2012 Purchases Buddy Media and GoInstant.
  • 2013 Acquires ExactTarget.