Bloomberg Billionaires Index

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

# 236 Marc Benioff $7.13B

Random fact: Salesforce meetings rooms have Hawaiian names.

Overview

Benioff is the founder, chairman and co-chief executive officer of Salesforce, a provider of customer relationship software. The San Francisco-based company offers cloud computing services that allow businesses to coordinate their sales, customer services and marketing. It had revenue of $13.3 billion in the year to Jan. 31, 2019.

As of :
Last change +$10.3M ( +0.1%)
YTD change +$1.11B ( +18.4%)
Industry Technology
Biggest asset CRM US Equity
Citizenship United States
Age 55
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Marc Benioff's net worth of $7.13B 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 4% stake in Salesforce, according to an October 2019 SEC filing. He also owns about 4 million exercisable options, according to the company's 2019 proxy.

He bought Time magazine for $190 million in September 2018, according to a Bloomberg News report. He owns a 3 percent stake in Zuora, according to an October 2018 stock exchange filing.

The billionaire has collected about $2 billion from the sale of Salesforce shares as of October 2019, based on an analysis of company filings and Bloomberg data. The value of his cash investments is based on these proceeds, as well as market performance, taxes, charitable contributions and asset purchases.

A Salesforce spokesperson declined to comment on Benioff's net worth in October 2018.

Biography

Birthdate: 9/25/1964
Family: Married, 2 children
Education: 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 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 purchased online marketing firm Buddy Media and Canadian startup GoInstant. It acquired email marketing company ExactTarget the following year and bought Demandware in 2016 and Mulesoft in 2018.

Outside of Salesforce, Benioff and his wife Lynne are involved in several philanthropic efforts. They have donated $250 million to the University of California San Francisco and the Oakland Children's Hospital, now renamed Benioff Children's Hospital. Through the Salesforce.org 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 product 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 Starts Salesforce after leaving Oracle.
  • 2000 Creates the Salesforce.org foundation.
  • 2004 Salesforce sells shares in a public offering.
  • 2013 Acquires ExactTarget.
  • 2018 Salesforce buys MuleSoft.