Bloomberg Billionaires Index

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# 498 Matthew Prince $7.54B

Random fact: Both of his parents were entrepreneurs.

Overview

Prince is the chairman and chief executive of Cloudflare, a provider of internet security and reliability software. The San Francisco-based company was co-founded by Prince and became publicly traded in New York in September 2019. The web security provider reported revenue of $1.7 billion in 2024.

As of :
Last change +$530M ( +7.6%)
YTD change +$1.10B ( +17%)
Biggest asset NET US Equity
Country / Region United States
Age 51
Industry Technology
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
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Confidence rating:

Prince's fortune is derived from his stake in Cloudflare, a web security and software company.

He owns about 8% of the company's stock, according to a January 2026 Form 4 filing.

Cash holdings are based on an analysis of insider transactions, dividends, taxes and market performance.

Daniella Vallurupalli, a spokesperson for Cloudflare, declined to comment on the net worth calculation.

Biography

Education: Trinity College/Hartford CT, Harvard Business School, University of Chicago

Prince was born in raised in Utah. His father was a former journalist who later opened a group of restaurants and his mother ran her own gift stores.

After graduating from Trinity College in Connecticut with a minor in computer science, Prince turned down job offers at Netscape, Yahoo and Microsoft, according to an interview published in the New York Times. Instead, he attended law school and later launched his own start-up companies.

In 2009, began a MBA at Harvard Business School where he met Michelle Zatlyn. Soon after, Prince, Lee Holloway and Zatlyn co-founded Cloudflare. The company became publicly traded in New York in 2019.

Milestones
  • 2009 Started work on Cloudflare as a business-school project.
  • 2009 Co-founded Cloudflare.
  • 2017 Annual revenue exceeds $100 million.
  • 2019 Cloudflare holds an initial public offering.

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