Misplaced Pages

Fred Luddy

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
American billionaire businessman
Frederic B Luddy
Born (1954-11-24) November 24, 1954 (age 70)
NationalityAmerican
Known forFounder, ServiceNow

Fred Luddy (born 1954) 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-school teacher mother.

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

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.

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."

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

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

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.

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

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".

Awards

In 2023, Fred Luddy received the Horatio Alger Award

References

  1. "How ServiceNow Was Born - ServiceNow Blog". ServiceNow. 2022-01-28. Retrieved 2023-05-03.
  2. ^ "From Broke To Billionaire: How Fred Luddy Built The World's Most Innovative Company". Forbes. Retrieved 22 June 2018.
  3. ^ "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 article needs additional or more specific categories. Please help out by adding categories to it so that it can be listed with similar articles. (July 2021)
Categories: