Ken Xie Net Worth
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $3.5 billion | N/A | 1963 | Beijing, China | Male | N/A | Businessman | Chinese-American |
Highlights
• Ken Xie is a Chinese-born American businessman with a net worth of $3.5 billion.
• He co-founded cybersecurity firm Fortinet and owns 7.8% of the company.
• Fortinet is publicly traded under the ticker FTNT and has a market cap of $25 billion.
• Ken Xie’s brother, Michael, also co-founded Fortinet and owns 7% of the company.
• He graduated from Tsinghua University in China and earned a master’s degree in electrical engineering from Stanford University in the United States.
• Ken Xie previously founded Systems Integration Solutions (SIS) and co-founded NetScreen Technologies.
Early Life
Ken Xie was born in Beijing, China in 1963. He showed an early interest and aptitude for technology, leading him to pursue a bachelor’s and master’s degree in electrical engineering from Tsinghua University. He then decided to further his studies in the United States and obtained a master’s degree in electrical engineering from Stanford University.
Career
In 1993, Ken Xie founded Systems Integration Solutions (SIS), a network security company. His innovative mindset and technical expertise led him to develop the world’s first ASIC-based firewall/VPN appliance, a groundbreaking achievement in the field of cybersecurity. In 1996, he co-founded NetScreen Technologies, which was later acquired by Juniper Networks for $4 billion.
In 2000, Ken Xie and his brother Michael co-founded Fortinet with a vision of encrypted end-to-end security, even before it became a standard practice. Their flagship product, FortiGate, revolutionized the industry and positioned Fortinet as a market leader in firewall, anti-virus, and other cybersecurity software. The company received significant private funding in 2004, raising $90 million, and went public in 2009, raising $156 million.
As of 2021, Ken Xie owns approximately 7.8% of Fortinet, while his brother Michael owns 7%. Fortinet generated $2.16 billion in revenue in 2019, with an operating income of $110 million. The company’s market capitalization currently stands at $25 billion.
Personal Life
Ken Xie is a family-oriented individual and is married with three children – two sons and a daughter. His daughter, Jamie Xie, has gained prominence as a fashion influencer and reality television star. She became widely known in January 2021 as a cast member on the Netflix reality series “Bling Empire”.
Net Worth Over Time
Ken Xie’s net worth has significantly increased over time due to his successful ventures in the cybersecurity industry. As a co-founder of Fortinet and owning a substantial percentage of the company’s shares, his net worth is currently estimated at $3.5 billion. The company’s market capitalization and financial performance have been major contributors to his wealth accumulation.
Components of Net Worth
Kenn Xie’s net worth primarily consists of his ownership stake in Fortinet. With a 7.8% share of the company and its market capitalization of $25 billion, this investment forms a substantial portion of his overall net worth. Additional factors contributing to his wealth include any other investments, assets, and earnings accumulated throughout his career.
All information regarding Ken Xie’s net worth and financial details is based on publicly available sources and estimates. While efforts are made to ensure accuracy, the provided information should be considered as an estimate and subject to potential revisions.