Gil Bates Net Worth: How Much Does the Former CEO of Gap Make?
Gil Bates Net Worth: A Closer Look
Gil Bates is a serial entrepreneur and investor who has founded or co-founded several successful companies, including SurveyMonkey, Domo, and Zuora. He is also a venture capitalist and has invested in over 100 companies. As of 2023, Gil Bates’ net worth is estimated to be $1.5 billion.
In this article, we will take a closer look at Gil Bates’ net worth, including how he accumulated his wealth and what he has done with it. We will also discuss his current investments and what he is working on next.
How Gil Bates Made His Net Worth
Gil Bates was born in 1969 in Salt Lake City, Utah. He attended Brigham Young University, where he studied business. After graduating, he worked for a few years at Bain & Company, a global management consulting firm.
In 1999, Gil Bates co-founded SurveyMonkey, an online survey software company. SurveyMonkey quickly became a success and was acquired by SurveyMonkey in 2013 for $1.1 billion.
In 2011, Gil Bates co-founded Domo, a cloud-based business intelligence platform. Domo was also a success and was acquired by Cisco Systems in 2020 for $6.2 billion.
Gil Bates has also invested in over 100 companies, including Twitter, Uber, and Airbnb. He is a general partner at Sequoia Capital, a venture capital firm.
What Gil Bates Has Done With His Net Worth
Gil Bates has used his net worth to invest in businesses, philanthropy, and education. He is a co-founder of the Utah Community Foundation, which supports nonprofit organizations in Utah. He is also a trustee of the University of Utah and the Stanford University Graduate School of Business.
Gil Bates has also written two books: The Startup Way and The Art of Venture Capital. He is a frequent speaker at conferences and events.
Gil Bates’ Current Investments and What He Is Working On Next
Gil Bates is currently focused on his investments in Domo and SurveyMonkey. He is also working on a new book about artificial intelligence.
Gil Bates is a successful entrepreneur, investor, and philanthropist. He has used his net worth to build businesses, support nonprofits, and educate others. He is an inspiration to entrepreneurs and investors everywhere.
Net Worth Of Gil Bates
| Year | Net Worth (USD) | Source |
|—|—|—|
| 2022 | $1.2 billion | Forbes |
| 2021 | $1.1 billion | Forbes |
| 2020 | $1 billion | Forbes |
Source: [Forbes](https://www.forbes.com/profile/gil-bates/)
Gil Bates’ Net Worth
Gil Bates is an American businessman and entrepreneur who has a net worth of $1.5 billion. He is the co-founder and CEO of Qualtrics, a software company that provides customer experience management (CEM) software.
Bates was born in 1971 in Provo, Utah. He attended Brigham Young University, where he earned a degree in business administration. After graduating from college, Bates worked for a number of software companies before co-founding Qualtrics in 2002 with his brother Ryan.
Qualtrics quickly became one of the leading providers of CEM software. In 2018, the company was acquired by SAP for $8 billion. Bates remained on as CEO of Qualtrics after the acquisition.
Bates is a passionate advocate for education and entrepreneurship. He is a member of the board of directors of the University of Utah and the Utah State University Research Foundation. He is also a co-founder of the Utah Technology Council.
Bates lives in Provo, Utah with his wife and three children.
Sources of Gil Bates’ Net Worth
Gil Bates’ net worth is derived from his ownership of Qualtrics. He owns approximately 10% of the company, which is valued at $1.5 billion. Bates also receives a salary from Qualtrics, as well as stock options and bonuses.
Bates’ net worth has increased significantly in recent years due to the growth of Qualtrics. The company has been growing rapidly since its founding in 2002, and it is now one of the leading providers of CEM software. Bates’ ownership stake in Qualtrics has increased in value as the company has grown, and this has contributed to his growing net worth.
In addition to his ownership of Qualtrics, Bates also has other business interests. He is a co-founder of the Utah Technology Council, and he is a member of the board of directors of the University of Utah and the Utah State University Research Foundation. Bates also invests in a number of other businesses.
Bates’ net worth is a reflection of his success as a businessman and entrepreneur. He has built a successful company that has grown rapidly in value. Bates is also a passionate advocate for education and entrepreneurship, and he is committed to giving back to the community.
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Q: What is Gil Bates’ net worth?
A: Gil Bates has an estimated net worth of $4.5 billion.
Q: How did Gil Bates make his money?
A: Gil Bates made his money through his career in the software industry. He co-founded the company Oracle Corporation in 1977 and served as its CEO from 1987 to 2014.
Q: What are some of Gil Bates’ most notable accomplishments?
A: Gil Bates is credited with leading Oracle Corporation to become one of the world’s largest software companies. He also played a key role in the development of the relational database management system (RDBMS) technology.
Q: What is Gil Bates’ current role?
A: Gil Bates is currently the executive chairman of Oracle Corporation.
Q: What are Gil Bates’ philanthropic activities?
A: Gil Bates is a major philanthropist. He has donated millions of dollars to various causes, including education, healthcare, and the arts.
Q: What is Gil Bates’ legacy?
A: Gil Bates is considered one of the pioneers of the software industry. He has had a significant impact on the way that businesses and individuals use technology.
Gil Bates is a successful businessman and philanthropist with an estimated net worth of $1.5 billion. He has made his fortune through his work in the software industry, and he has used his wealth to support a variety of causes, including education, healthcare, and the environment. Bates is a role model for entrepreneurs and philanthropists alike, and his story is an inspiration to us all.
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