⬅ # 310 Jean-Michel Besnier|# 312 Elisabeth DeLuca

# 311 Jack Dangermond 

$8.27B

Real Time Net Worth
as of 6/14/2024

# 311 Jack Dangermond 

$8.27B

Real Time Net Worth
as of 6/14/2024
OccupationCofounder and President, Esri
Source of WealthMapping Software
Age78
ResidenceRedlands, California
Marital StatusMarried
EducationBS, California State Polytechnical University; MS, Harvard University; MS, University of Minnesota
Age-Adjusted Net Worth$2.45B
Jack Dangermond
Jack Dangermond
United States
Net worth: $8.27B

Self-Made Score 

Wealth History

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Biography

Overview

Jack Dangermond was born in 1945 in Redlands, California, to Dutch immigrant parents who owned a plant nursery in the town.
He attended Redlands High School before pursuing higher education.
Dangermond completed his undergraduate degree in landscape architecture at California State Polytechnic University, Pomona, followed by a Master in Urban Planning from the University of Minnesota.
He then earned a Master of Landscape Architecture degree from the Harvard University Graduate School of Design in 1969.
His early work at Harvard's Laboratory for Computer Graphics and Spatial Analysis (LCGSA) directly contributed to the development of Esri's ARC/INFO GIS software.
Jack Dangermond co-founded the Environmental Systems Research Institute (Esri) with Laura Dangermond in 1969, using $1,100 in personal savings.
He is regarded as the godfather of digital mapping technology.
Esri, under Dangermond's leadership, evolved into the industry leader in GIS technology, commanding about a 40% share of the global geographic information system market.
Dangermond serves as the president of Esri, which is headquartered in Redlands, California.
The development and marketing of ARC/INFO positioned Esri as the dominant market player among GIS software developers.
Esri's flagship product, ArcGIS, is a direct result of Dangermond's initial efforts.

Philanthropy

In December 2017, Jack and Laura Dangermond donated $165 million to establish the Jack and Laura Dangermond Preserve on the Pacific coast, the largest-ever gift to The Nature Conservancy.
They have also signed The Giving Pledge, committing to donate the majority of their wealth to philanthropic causes.
In January 2020, the Dangermonds donated $3 million to the Museum of Redlands fund.
In 2005, Jack Dangermond assisted in establishing the American Association of Geographers Marble Fund for Geographic Science, aimed at advancing GIScience education by providing awards to undergraduate and graduate student research.

Education and Honors

Jack Dangermond holds honorary doctoral degrees from 13 institutions.
He completed his education with a Master of Landscape Architecture degree from the Harvard University Graduate School of Design in 1969.

How long would it take you to become as rich as Jack Dangermond?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Jack Dangermond's net worth of $8.27B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 43.45% compared to 12.43% for the S&P 500 benchmark.

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Jack Dangermond is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Jack Dangermond, Mapping Software is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey