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Grizzly Bulls’ Billionaires Index

⬅ # 701 Antti Herlin|# 703 Xiang Guangda ➡

# 702 John Sall 

$4.74B

Real Time Net Worth
as of 5/18/2024

# 702 John Sall 

$4.74B

Real Time Net Worth
as of 5/18/2024
OccupationCo-Founder, Executive Vice President, SAS Institute
Source of WealthSoftware
Age76
ResidenceCary, North Carolina
Marital StatusMarried
Children4
EducationBS, Beloit College; MA, Northern Illinois University
Age-Adjusted Net Worth$1.60B
John Sall
John Sall
United States
Net worth: $4.74B

Self-Made Score 

Wealth History

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Biography

Overview

John Sall, born in 1948, is an American billionaire businessman and computer software developer.
He co-founded SAS Institute in 1976, along with James Goodnight, creating one of the largest analytics software companies globally.
SAS, which began as a project at North Carolina State University, now serves over 83,000 customers and saw more than $3 billion in revenue in 2022.
Sall is renowned for his contributions to statistical software development, particularly for co-creating the JMP statistical software.
His philanthropic endeavors through the Sall Family Foundation have surpassed $130 million, focusing on environmental, public health, and scientific causes.

Early Life and Education

John Sall was born in Rockford, Illinois in 1948.
He earned a bachelor's degree in history from Beloit College and a master's degree in economics from Northern Illinois University.
Sall's interest in statistics and computer science developed during his graduate studies at North Carolina State University, where he later received an honorary doctorate in 2003.

Career

Sall, mentored by James Goodnight, co-founded SAS Institute in 1976, focusing on statistical analysis software.
He played a pivotal role in designing and documenting early procedures of the SAS language.
During the 1980s, Sall spearheaded the development of JMP statistical software, which remains a significant contribution to the field.
Even after more than two decades, Sall continues to serve as JMP's chief architect, driving innovation and product development.
He also co-authored the book 'JMP Start Statistics' and has been actively involved in various professional associations and boards.

Personal Life and Philanthropy

Sall resides in Cary, North Carolina, with his wife and four children.
He and his wife, Ginger, are deeply engaged in philanthropy through the Sall Family Foundation, focusing on conservation, health, and environmental issues.
Sall has served on the board of The Nature Conservancy and is a member of the board for the Smithsonian National Museum of Natural History.
The couple's philanthropic efforts extend to organizations like the World Wide Fund for Nature (WWF) and CARE.
They contributed to the establishment of Cary Academy, an independent college preparatory school, and Sall himself is a Fellow of the American Statistical Association.

Ownership and Wealth

John Sall owns approximately one-third of SAS Institute, with James Goodnight holding the remainder.
Forbes estimated Sall's net worth at around $4.2 billion in 2016, primarily based on his ownership stake in SAS.
Much of Sall's wealth is tied to his stake in SAS Institute, a privately held company, making his net worth largely illiquid.
Despite his substantial wealth, Sall remains actively involved in programming and leading development teams.

How long would it take you to become as rich as John Sall?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach John Sall's net worth of $4.74B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

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John Sall 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 John Sall, 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