Fred Luddy

Last updated
Frederic B Luddy
Born (1954-11-24) November 24, 1954 (age 69)
NationalityAmerican
Known forFounder, ServiceNow

Fred Luddy (born 1954 [1] ) is an American billionaire businessman, and the founder of ServiceNow, a cloud computing company.

Contents

Early life

Luddy grew up in New Castle, Indiana, the son of an accountant father and a Catholic-school teacher mother. [2]

Luddy went to Indiana University, but dropped out, as he was spending too much time doing computer programming. [3] [2]

Career

In 2004, his then net worth of $35 million was lost due to an accounting fraud at his previous company, Peregrine Systems, of which he was the CTO. [2]

Luddy founded ServiceNow two weeks before his 50th birthday, "I couldn't wait, because there was something psychologically that said I couldn't start a company at 50." [2]

Luddy stepped down as CEO of ServiceNow in 2011, then focused on product development, and moved to an advisory role in 2016. [3]

As of October 2023, Luddy's net worth was estimated at $1.2 billion. [4]

World Team Tennis

Luddy acquired a majority ownership of the San Diego Aviators in 2015. He currently serves of the Chairman of the Board of the team. [5]

In 2017, Luddy was part of a purchase of World Team Tennis from Billie Jean King. [6] He is now a majority owner with Eric Davidson. [7]

Philanthropy

Luddy Hall at Indiana University was named in recognition of a donation from Luddy, and "in honor of the many IU alumni in the Luddy family, including Fred's mother, father, sister and two brothers". [8]

Awards

In 2023, Fred Luddy received the Horatio Alger Award [9]

Related Research Articles

<span class="mw-page-title-main">Charles R. Schwab</span> American billionaire and businessman

Charles Robert Schwab Sr. is an American investor and financial executive. He is the founder and chairman of the Charles Schwab Corporation. He pioneered discount sales of equity securities starting in 1975. His company became by far the largest discount securities dealer in the United States. He semi-retired from the company in 2008 when he stepped down as CEO, but he remains chairman and is the largest shareholder to this day.

<span class="mw-page-title-main">World TeamTennis</span> Tennis team competition

World TeamTennis (WTT) is a mixed-gender professional tennis league played with a team format in the United States, which was founded in 1973.

Alexander Gus Spanos was an American billionaire real estate developer, founder of the A. G. Spanos Companies, and the majority owner of the San Diego / Los Angeles Chargers of the National Football League (NFL).

<span class="mw-page-title-main">Alain Bouchard</span> Canadian billionaire businessman

Alain Bouchard is a Canadian billionaire businessman. He is co-founder and chairman of Alimentation Couche-Tard, and also serves on the board of directors of Atrium Innovations. Both corporations are based in Quebec.

<span class="mw-page-title-main">S. Truett Cathy</span> American restaurateur, businessman, philanthropist

Samuel Truett Cathy was an American businessman, investor, author, and philanthropist. He founded the fast food restaurant chain Chick-fil-A in 1946.

Mario Joseph Gabelli is an American stock investor, investment advisor, and financial analyst. He is the founder, chairman, and CEO of Gabelli Asset Management Company Investors, an investment firm headquartered in Rye, New York. Forbes Magazine listed him as #1725 in December 2023 on the list of Billionaires, with a net worth of $1.7 billion US dollars. On January 10, 2000, Gabelli was inducted into the "Barron's All Century Team," their list of the most influential mutual fund industry portfolio managers. Mr. Gabelli was named an honorary member of Local 6 and the Hotel Trades Council in December 2019 and formally inducted into the Horatio Alger Association of Distinguished Americans on April 2–4, 2020, during the Association's 73rd Horatio Alger Award Induction Ceremonies in Washington, D.C.

David L. Steward is an American billionaire businessman. He is chairman and founder of World Wide Technology, one of the largest African-American-owned businesses in America.

<span class="mw-page-title-main">T. Denny Sanford</span> American businessman

Thomas Denny Sanford is a South Dakota businessman and philanthropist. He is the founder of First Premier Bank and the chairman and chief executive officer of its holding company, United National.

<span class="mw-page-title-main">ServiceNow</span> American technology company

ServiceNow, Inc. is an American software company based in Santa Clara, California that develops a cloud computing platform to help companies manage digital workflows for enterprise operations. Founded in 2003 by Fred Luddy, ServiceNow is listed on the New York Stock Exchange and is a constituent of the Russell 1000 Index and S&P 500 Index. In 2018, Forbes magazine named it number one on its list of the world's most innovative companies.

John Joseph Fisher is an American heir and businessman. He is the principal owner of the Oakland Athletics of Major League Baseball, the San Jose Earthquakes of Major League Soccer and the Texas Rattlers of the Professional Bull Riders organization. He is a former part-owner of the San Francisco Giants, having purchased a stake in the team in 1992 with his father as part of an investment group formed in an ultimately-successful effort to prevent the team from relocating to Tampa Bay, Florida. He sold that stake away in order to complete a sale to buy the Athletics. He is the son of Gap Inc. founders Donald Fisher and Doris F. Fisher.

<span class="mw-page-title-main">San Diego Aviators</span>

The San Diego Aviators are a World TeamTennis (WTT) team that plays at the Omni La Costa Resort and Spa in Carlsbad, California in the United States. The team is the successor to two WTT franchises. The first was created in 1995, as the New York OTBzz, later renamed the Schenectady County Electrics and then the New York Buzz. The second was created in 2000, as the New York Hamptons, later renamed the New York Sportimes. The Aviators, founded in 1995, are the oldest continuously operating franchise in WTT. The team has won the King Trophy as WTT champions three times: once playing as the New York Sportimes in 2005, once as the New York Buzz in 2008, and once as the San Diego Aviators in 2016. As of 2016, the three championships is the second most of any active WTT franchise behind the Washington Kastles, who have won six.

The 2014 San Diego Aviators season was the 20th season of the franchise in World TeamTennis (WTT) and its first playing in San Diego, California.

Joseph Tsai (Chinese: 蔡崇信; Pe̍h-ōe-jī: Chhòa Chông-sìn; born January 1964) is a Taiwanese-Canadian billionaire business magnate, lawyer, and philanthropist. He is a co-founder and chairman of the Chinese multinational technology company Alibaba Group and owns the Brooklyn Nets of the American National Basketball Association (NBA), the New York Liberty of the Women’s National Basketball Association (WNBA), the San Diego Seals of the National Lacrosse League, and has interests in several other professional sports franchises. Tsai's net worth is estimated to be US$8.1 billion.

The 2015 San Diego Aviators season was the 21st season of the franchise in World TeamTennis (WTT) and its second playing in San Diego County, California.

The 2016 World TeamTennis season was the 41st season of the top professional team tennis league in the United States. Pursuant to a sponsorship agreement with Mylan N.V., the official name of the league was Mylan World TeamTennis in 2016.

The 2016 San Diego Aviators season was the 22nd season of the franchise in World TeamTennis (WTT) and its third playing in San Diego County, California.

The 2017 World TeamTennis season was the 42nd season of the top professional team tennis league in the United States. Pursuant to a sponsorship agreement with Mylan N.V., the official name of the league was Mylan World TeamTennis in 2017.

The 2017 San Diego Aviators season is the 23rd season of the franchise in World TeamTennis (WTT) and its fourth playing in San Diego County, California.

Gregory Edward Abel is a Canadian businessman, chairman and CEO of Berkshire Hathaway Energy, and vice-chairman of non-insurance operations of Berkshire Hathaway since January 2018.

Sridhar Vembu is an Indian billionaire business magnate and the founder and CEO of Zoho Corporation. According to Forbes, he is the 55th richest person in India with a net worth of $3.75 billion, as of 2021. He was awarded India's fourth highest civilian award, the Padma Shri, in 2021.

References

  1. ↑ "How ServiceNow Was Born - ServiceNow Blog". ServiceNow . 2022-01-28. Retrieved 2023-05-03.
  2. 1 2 3 4 "From Broke To Billionaire: How Fred Luddy Built The World's Most Innovative Company". Forbes. Retrieved 22 June 2018.
  3. 1 2 "Hoosiers-Like Comeback After Wipeout Forges New Tech Billionaire". Bloomberg News . 27 April 2018. Retrieved 22 June 2018.
  4. ↑ "Real Time Billionaires". Forbes .
  5. ↑ "San Diego Aviators - FRONT OFFICE TEAM". San Diego Aviators. Retrieved 2019-08-08.
  6. ↑ "WTT - History". WTT. Retrieved 2019-08-08.
  7. ↑ "WTT - About". WTT. Retrieved 2019-08-08.
  8. ↑ "Fred Luddy: Naming Donor: Luddy Hall: Alumni & Giving: Home: Indiana University". www.sice.indiana.edu. Archived from the original on 1 May 2018. Retrieved 22 June 2018.
  9. ↑ "Frederic B. Luddy, Founder of ServiceNow, to Receive 2023 Horatio Alger Award". Horatio Alger. February 9, 2023.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.