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Grizzly Bulls’ Billionaires Index

⬅ # 267 Giancarlo Devasini|# 269 Gong Hongjia ➡

# 268 Robert Pera 

$9.16B

Real Time Net Worth
as of 7/25/2024
$138.9M (1.52%)

# 268 Robert Pera 

$9.16B

Real Time Net Worth
as of 7/25/2024
$138.9M (1.52%)
OccupationFounder and CEO, Ubiquiti
Source of WealthWireless Networking
Age46
ResidenceSan Jose, California
Marital StatusSingle
EducationBS, University of California, San Diego; MS, University of California, San Diego
Age-Adjusted Net Worth$23.6B
Robert Pera
Robert Pera
United States
Net worth: $9.16B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Robert J. Pera was born on March 10, 1978
Established first computer services company in high school, providing networking and database services to local businesses.
Played on high school's basketball team until a resolved heart condition forced a year-long break.
Attended University of California, San Diego, graduating Phi Beta Kappa with a B.S. in Electrical Engineering and a B.A. in Japanese Language.
Completed master's in electrical engineering with an emphasis on Digital Communications and Circuit Design at UC San Diego.

Career at Apple

Joined Apple Inc. in 2003, testing Wi-Fi devices for compliance with FCC standards.
Proposed enhancing Wi-Fi device power to increase transmission range, facilitating Internet access in underserved areas.
Bosses at Apple disregarded his idea, prompting Pera to develop his own low-cost, high-performance Wi-Fi module.
Spent nights and weekends testing prototypes in his apartment.
Left Apple in 2005 to found Ubiquiti Networks.

Ubiquiti Networks

Founded Ubiquiti Networks in March 2005 with $30,000 of personal savings and credit card debt.
Initially focused on using Wi-Fi technology to deliver Internet to underserved areas like rural and emerging markets.
Diversified product lines to include wireless access points, security cameras, switches, and routers.
Ubiquiti had revenue of $1.9 billion in fiscal year through August 2023, with Pera owning 93% of the publicly-traded firm.

Ownership of Memphis Grizzlies

Agreed in principle to purchase the Memphis Grizzlies on June 11, 2012; sale approved on October 25, 2012.
During Pera's ownership, the team made the NBA playoffs consistently, including a club record 56 wins and its first Western Conference Finals appearance.
Under Pera, the Grizzlies won more playoff games in the first two years than in the team's previous 17 seasons in the NBA.
Pera supports the Grizzlies Foundation, a sports charity operating in Memphis.

How long would it take you to become as rich as Robert Pera?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Robert Pera's net worth of $9.16B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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

Robert Pera 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 Robert Pera, Wireless Networking 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