⬅ # 301 Richard Kinder|# 303 Gopikishan Damani

# 302 Marc Benioff 

$8.41B

Real Time Net Worth
as of 6/12/2024
-$136.8M (-1.63%)

# 302 Marc Benioff 

$8.41B

Real Time Net Worth
as of 6/12/2024
-$136.8M (-1.63%)
OccupationChair and CEO, Salesforce
Source of WealthBusiness Software
Age59
ResidenceSan Francisco, California
Marital StatusMarried
Children2
EducationBS, University of Southern California
Age-Adjusted Net Worth$9.00B
Marc Benioff
Marc Benioff
United States
Net worth: $8.41B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Marc Russell Benioff was born on September 25, 1964, in San Francisco, California, USA.
He was raised in a Jewish family in the San Francisco Bay Area and grew up in Hillsborough.
Benioff's grandfather, Marvin Lewis, was a California trial attorney and a member of the San Francisco Board of Supervisors.
He graduated from Burlingame High School in 1982 and earned a Bachelor of Science in business administration from the University of Southern California in 1986.
During high school, Benioff sold his first application, How to Juggle, for $75, and founded Liberty Software at age 15.
Benioff had an internship as a programmer at Apple while studying at USC.

Career at Oracle

After graduation, Benioff joined Oracle Corporation, where he worked for 13 years in various roles including sales, marketing, and product development.
At 23, he was named Oracle's Rookie of the Year and at 26 became the youngest vice president in the company's history.
During his tenure, Benioff honed his skills in sales, marketing, and product development, laying the foundation for his future entrepreneurial ventures.

Founding of Salesforce

In 1999, Marc Benioff co-founded Salesforce in a San Francisco apartment, pioneering the concept of hosting software online.
He defined its mission as 'The End of Software' and aggressively marketed the idea against competitors like Siebel.
Benioff extended Salesforce's offerings in the early 2000s with a platform allowing developers to create applications.
Today, Salesforce is the biggest employer in San Francisco and occupies the tallest building, Salesforce Tower.

Investments and Entrepreneurship

Marc Benioff is an angel investor in numerous tech startups, fostering innovation and growth in the industry.
He purchased Time magazine in 2018 for $190 million, expanding his portfolio into media.
In 2019, he started Time Ventures, a venture capital fund, demonstrating his commitment to supporting new ventures.
Through his investments and entrepreneurship, Benioff continues to shape the landscape of technology and media.
He is a member of various prestigious boards including the World Economic Forum and the University of Southern California.

Philanthropy

Marc and Lynne Benioff have pledged $350 million to the University of California, San Francisco, for its children's hospitals and research.
Beyond this significant contribution, Benioff is known as a prolific philanthropist, supporting various charitable causes.
His philanthropic endeavors reflect his commitment to making a positive impact on society and improving the lives of others.

Real Estate Ventures

Marc Benioff has made substantial real estate investments, including the purchase of over 600 acres of land in Hawaii.
These acquisitions, primarily near Waimea on Big Island, totaled $24.5 million as of February 2024.
However, concerns have arisen among Waimea locals about the potential impact on housing prices.
Benioff's real estate ventures demonstrate his diverse investment portfolio and interest in strategic acquisitions.

How long would it take you to become as rich as Marc Benioff?

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 Marc Benioff's net worth of $8.41B.

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.

Enter data in all but one field below, then calculate the missing value

Marc Benioff 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 Marc Benioff, Business 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