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Fred Luddy
American billionaire businessman From Wikipedia, the free encyclopedia
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Fred Luddy (born 1954[1]) is an American billionaire businessman, and the founder of ServiceNow, a cloud computing company.
Early life
Luddy grew up in New Castle, Indiana, the son of an accountant father and a Catholic schoolteacher mother.[2]
Luddy went to Indiana University Bloomington, 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]
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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 the Luddy School of Informatics, Computing, and Engineering at Indiana University Bloomington 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]
References
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