|Net Worth:||$5.3 billion|
|Date of Birth:||January 26, 1963 (60 years old)|
|Height:||5 ft 6 in (1.68 m)|
What is Ken Xie’s Net Worth
Ken Xie is an American-Chinese-born businessman who has a net worth of $5.3 billion.
As a co-founder of the cybersecurity company Fortinet, Ken amassed a substantial fortune. Fortinet, which is listed on the stock market and has the ticker FTNT, is owned by 7.8% of Ken.
When the business went public in 2009, he and his co-founder and brother Michael (who shares 7%) both became billionaires. FTNT’s market value is $25 billion as of this writing.
In 1963, Ken Xie was created in Beijing, China. He earned a B.S. and M.S. in electrical engineering from Tsinghua University. Later, he received an M.S. in electrical engineering from Stanford University.
Ken established Systems Integration Solutions in 1993 as a provider of network security (SIS). A few years later, he created the first ASIC-based firewall/VPN appliance.
A ground-breaking accomplishment, indeed. In his Palo Alto, California, garage, he developed the app. He was a founding partner in NetScreen Technologies in 1996. Juniper Networks paid $4 billion for the acquisition of NetScreen in 2004.
In the year 2000, Ken and his brother Michael founded Fortinet. Nearly 20 years before end-to-end encryption became the norm with many communications platforms and apps, they launched the company on the premise that security should be secured from beginning to end. A firewall dubbed FortiGate was their first offering.
In today’s market for firewalls, antivirus, and other cybersecurity software, Fortinet is a market leader. The brothers secured private finance totaling $90 million in 2004. They raised $156 million by putting the business on the public market in 2009. FTNT has a market value of approximately $25 billion as we previously indicated.
Together with his brother Michael, Ken holds about 7.8% of the stock in the company. With $2.16 billion in revenue and $110 million in operating profitability, Fortinet had a successful 2019.
Family: Two sons and a daughter make up Ken and his wife’s three children. When she joined the cast of the Netflix reality series “Bling Empire” in January 2021, their oldest child, Jamie Xie, shot to fame as a fashion influencer and reality television star.
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