Table: Thomas Siebel Net Worth
| Net Worth | $4 billion |
| Salary | N/A |
| Birthdate | November 20, 1952 |
| Birthplace | Chicago, Illinois |
| Gender | Male |
| Height | N/A |
| Profession | Businessman |
| Nationality | American |
What is Thomas Siebel’s Net Worth?
Thomas Siebel, an American businessman, has an estimated net worth of $4 billion. He accumulated his wealth as the founder of the software company Siebel Systems and the artificial intelligence company C3.ai. Additionally, he serves as the chairman of First Virtual Group, a diversified holding company with interests in areas such as agribusiness and commercial real estate. Siebel’s net worth signifies his success in the business world and his contributions to the technology sector.
Highlights
– Thomas Siebel has a net worth of $4 billion.
– He is the founder of Siebel Systems and C3.ai.
– Siebel is the chairman of First Virtual Group.
– He has interests in agribusiness and commercial real estate.
– Siebel is known for his philanthropic work.
Early Life
Thomas Siebel was born on November 20, 1952, in Chicago, Illinois. He grew up as one of seven children in a family headed by Ruth and Arthur. Siebel pursued higher education at the University of Illinois Urbana-Champaign, where he earned his BA in history. Later, he obtained his MBA and MS in computer science from the same university. His educational background laid the foundation for his successful career in the technology industry.
Career
Thomas Siebel’s career in the technology sector started in 1984 when he joined Oracle Corporation. He held various management positions at Oracle until 1990. Following his time at Oracle, Siebel became the CEO of Gain Technology, which later merged with Sybase in 1992. However, his most notable endeavor was the founding of Siebel Systems in 1993.
Siebel Systems
Siebel Systems initially focused on sales force automation software. However, it expanded its offerings to become a dominant customer relationship management (CRM) vendor in the late 1990s. The company experienced rapid growth and became one of the fastest-growing technology companies in the United States. In 2006, Oracle Corporation acquired Siebel Systems for $5.8 billion, further contributing to Thomas Siebel’s net worth.
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C3.ai
In 2009, Siebel founded C3.ai, a technology company that specializes in enterprise artificial intelligence. The company’s product utilizes machine learning and neural networks to solve complex analytical problems in various industries, including government and commerce. C3.ai boasts prominent customers like the US Air Force and the Department of Defense. Siebel serves as the chairman and CEO of the company, working alongside influential figures such as Condoleezza Rice and John Hyten.
Philanthropy
In 1996, Thomas Siebel established the Siebel Foundation, which supports underprivileged communities, educational and research programs, alternative energy solutions, and substance abuse prevention. Notably, he founded the Montana Meth Project, an initiative focused on combating methamphetamine use among teenagers. Siebel has also made significant donations to his alma mater, the University of Illinois, contributing $32 million to the construction of the Siebel Center for Computer Science and $25 million towards the construction of the Siebel Center for Design. His philanthropic endeavors highlight his commitment to giving back to society.
Political Involvement
Between 2009 and 2014, Thomas Siebel made over $330,000 in political contributions. The majority of his donations went to independent candidates, while a small percentage supported Republican candidates. In 2022, Siebel donated $90,000 to the convoy movement in Ottawa, Canada, which protested COVID-19 vaccines and safety measures. His political involvement demonstrates his active engagement in various causes and issues.
Board Appointments
Thomas Siebel holds several board appointments, including the University of Illinois College of Engineering, the University of California, Berkeley College of Engineering, and the Stanford University College of Engineering. He also serves as a director of Stanford’s Hoover Institution and as chairman of the boards of First Virtual Group and the American Agora Foundation. In recognition of his accomplishments, Siebel was elected as a member of the American Academy of Arts and Sciences in 2013.
Books
Thomas Siebel has authored several non-fiction books and articles on business and technology. In collaboration with Michael Malone, he published his first book, “Virtual Selling,” in 1996. This was followed by “Cyber Rules” in 1999, co-written with Pat House. In 2001, Siebel released “Taking Care of eBusiness,” and his most recent book, “Digital Transformation,” was published in 2019. “Digital Transformation” explores the impact of modern information technologies on business, government, and society. The book achieved bestseller status, further enhancing Siebel’s reputation as a thought leader in the technology field.
Elephant Attack
In August 2009, while on a wildlife tour in Tanzania, Thomas Siebel encountered a life-threatening situation. An elephant charged at his guide and subsequently attacked Siebel, resulting in several broken ribs and a gored leg. It took three hours for him to receive medical treatment, and upon being flown back to the United States, Siebel lost half of his body fluids before being admitted to the ICU. Over the next six months, he underwent 11 surgeries to repair his injuries. Siebel’s resilience and recovery from the elephant attack serve as a testament to his strength and determination.
Personal Life
Thomas Siebel is married to Stacey, and they have four children together. The family resides in Woodside, California. In addition to his business ventures, Siebel owns and operates a working cattle ranch, the Dearborn Ranch, located in Wolf Creek, Montana. His personal life reflects his commitment to family and his appreciation for nature and rural experiences.
Net Worth Over Time
Thomas Siebel’s net worth has grown significantly over the years due to his entrepreneurial success in the technology industry. As the founder of Siebel Systems and C3.ai, as well as his involvement in various business ventures, Siebel has accumulated considerable wealth. His net worth of $4 billion demonstrates his financial achievements and his impact on the technology and business sectors.
Components of Net Worth
Thomas Siebel’s net worth of $4 billion is composed of various assets and investments accumulated throughout his career. This includes the wealth generated from the acquisitions of Siebel Systems by Oracle Corporation, valuing the company at $5.8 billion. Additionally, his ownership and leadership roles in companies like First Virtual Group and C3.ai contribute to his net worth. Siebel’s net worth also includes personal assets such as real estate holdings, including his cattle ranch in Montana. Overall, his net worth represents the culmination of his entrepreneurial endeavors, investments, and successful business ventures.
Disclaimer: All net worths mentioned above are based on publicly available information and estimations. While every effort has been made to ensure accuracy, the figures provided should be considered as estimates. Corrections and feedback are welcome.