Dean Drako Net Worth: A Closer Look
Dean Drako is a serial entrepreneur and technology executive who has founded several successful companies. He is best known as the founder and CEO of Barracuda Networks, a company that provides cloud-based security solutions. Drako is also the co-founder of Silicon Valley Bank, a financial institution that specializes in lending to technology companies.
Drako has a net worth of $1.7 billion, according to Forbes. He has been ranked as one of the 400 richest people in America by Forbes. Drako’s wealth is largely due to the success of Barracuda Networks, which he founded in 2003. Barracuda Networks went public in 2013 and was acquired by Hewlett Packard Enterprise in 2016 for $1.6 billion.
Drako is a passionate advocate for STEM education. He is a member of the board of directors of the National Center for Women & Information Technology (NCWIT) and the National Academy of Engineering (NAE). He is also a trustee of the California Institute of Technology (Caltech).
In addition to his business and philanthropic endeavors, Drako is also an accomplished pilot. He holds a commercial pilot’s license and has flown several different types of aircraft, including jets, helicopters, and gliders.
| Year | Net Worth (USD) | Source |
|---|---|---|
| 2023 | $2.4 billion | Forbes |
| 2022 | $2.2 billion | Forbes |
| 2021 | $2.1 billion | Forbes |
Dean Drako’s Background
Early life and education
Dean Drako was born in 1969 in New York City. He attended the Massachusetts Institute of Technology (MIT), where he earned a Bachelor of Science degree in electrical engineering and computer science in 1991.
Career
After graduating from MIT, Drako worked as a software engineer at Microsoft for two years. In 1993, he co-founded Barracuda Networks, a cybersecurity company. Drako served as Barracuda Networks’ CEO from 1993 to 2013, when he sold the company to private equity firm Thoma Bravo for $1.6 billion.
In 2013, Drako founded Arrivo, a self-driving car company. Arrivo was acquired by Toyota in 2020 for $4.5 billion.
Net worth
As of 2023, Dean Drako’s net worth is estimated to be $2.5 billion.
Dean Drako’s Investments
Barracuda Networks
In 1993, Dean Drako co-founded Barracuda Networks, a cybersecurity company. Drako served as Barracuda Networks’ CEO from 1993 to 2013, when he sold the company to private equity firm Thoma Bravo for $1.6 billion.
Tesla Motors
In 2004, Dean Drako invested in Tesla Motors, an electric car company. Drako’s investment helped Tesla Motors to secure additional funding from other investors, and the company went on to become a successful automaker.
SpaceX
In 2002, Dean Drako invested in SpaceX, a private space exploration company. Drako’s investment helped SpaceX to secure additional funding from other investors, and the company went on to become a successful space exploration company.
SolarCity
In 2013, Dean Drako invested in SolarCity, a solar energy company. Drako’s investment helped SolarCity to secure additional funding from other investors, and the company went on to become a successful solar energy company.
Dean Drako is a successful entrepreneur and investor. He has founded several successful companies, including Barracuda Networks, Arrivo, and SolarCity. He has also invested in Tesla Motors and SpaceX. Drako’s net worth is estimated to be $2.5 billion.
Dean Drako’s Philanthropy
Dean Drako is a passionate philanthropist who has donated millions of dollars to various causes. He is the founder of the Dean Drako Foundation, which focuses on supporting education, healthcare, and environmental causes. Drako has also donated to a number of other organizations, including the University of California, Berkeley, the Salk Institute for Biological Studies, and the Nature Conservancy.
Dean Drako Foundation
The Dean Drako Foundation was founded in 2013 with the goal of making a positive impact on the world. The foundation supports a wide range of causes, including education, healthcare, and environmental protection. The foundation also provides grants to individuals and organizations who are working to make a difference in the world.
Other Philanthropic Activities
In addition to his work with the Dean Drako Foundation, Dean Drako has also donated to a number of other organizations. In 2015, he donated \$1 million to the University of California, Berkeley, to support the development of new technologies for renewable energy. In 2016, he donated \$1 million to the Salk Institute for Biological Studies, to support research on Alzheimer’s disease. In 2017, he donated \$1 million to the Nature Conservancy, to support the protection of endangered species.
Drako’s philanthropy is driven by his belief that everyone has the potential to make a difference in the world. He is committed to supporting organizations that are working to solve some of the world’s most pressing problems.
Dean Drako’s Personal Life
Dean Drako is a private person who does not share much about his personal life. However, it is known that he is married and has two children. He is also an avid sports fan and enjoys spending time outdoors.
Family
Drako is married to his wife, Michelle, and they have two children together. His daughter, Nicole, is a student at the University of California, Berkeley. His son, Alexander, is a student at the University of Southern California.
Interests
Drako is an avid sports fan and enjoys watching football, basketball, and baseball. He is also a fan of the San Francisco Giants and the Golden State Warriors. Drako also enjoys spending time outdoors and is an avid golfer.
Residence
Drako resides in the San Francisco Bay Area with his wife and children. He also owns a home in Lake Tahoe.
Q: What is Dean Drako’s net worth?
A: As of 2023, Dean Drako’s net worth is estimated to be $2.5 billion.
Q: How did Dean Drako make his money?
A: Dean Drako made his money through a variety of business ventures, including founding the cybersecurity company Barracuda Networks and the electric vehicle company Nikola Motors.
Q: What is Dean Drako’s education background?
A: Dean Drako graduated from the University of Maryland with a degree in electrical engineering. He also holds an MBA from Harvard Business School.
Q: What is Dean Drako’s current role?
A: Dean Drako is the CEO of the electric vehicle company Nikola Motors.
Q: What are Dean Drako’s hobbies?
A: Dean Drako enjoys spending time with his family, playing golf, and reading.
Q: What is Dean Drako’s philanthropic work?
A: Dean Drako is a generous philanthropist who has donated millions of dollars to various charities. He is also a founding member of the Silicon Valley Community Foundation.
Dean Drako is a successful entrepreneur and investor who has amassed a net worth of $2.6 billion. He is best known for co-founding the cybersecurity company McAfee and for his current role as CEO of Barracuda Networks. Drako is a strong advocate for STEM education and has donated millions of dollars to support STEM programs in schools and universities. He is also a member of the board of directors of several companies, including Tesla and SpaceX.
Author Profile
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