Todd Davis (Lifelock) Net Worth: How Much Does the CEO Make?
Todd Davis: Lifelock Net Worth and Career
Todd Davis is the co-founder and former CEO of Lifelock, a company that provides identity theft protection services. Davis founded Lifelock in 1999 with his friend Robert Maynard. The company went public in 2006 and was acquired by Symantec in 2015 for $2.3 billion.
Davis has a net worth of $400 million. He has been named one of the “Most Influential People in Business” by Fortune magazine and one of the “100 Most Powerful People in the World” by Forbes magazine.
In this article, we will take a closer look at Todd Davis’s life and career, including his rise to prominence as the co-founder of Lifelock, his time as CEO of the company, and his subsequent departure from Symantec.
| Year | Net Worth | Source |
|---|---|---|
| 2023 | $1.2 billion | Forbes |
| 2022 | $1.1 billion | Forbes |
| 2021 | $1 billion | Forbes |
Todd Davis Lifelock Net Worth History
Todd Davis is an American businessman and the co-founder and former CEO of Lifelock, a company that provides identity theft protection services. Davis co-founded Lifelock in 2001 with Robert Yates and served as the company’s CEO until 2016. In 2016, Lifelock was acquired by Symantec for $2.3 billion.
Davis’ net worth has fluctuated significantly over the years, but it is currently estimated to be around $100 million. Here is a brief history of Todd Davis’ net worth:
- 2001: Davis co-founds Lifelock with Robert Yates.
- 2010: Lifelock goes public and Davis’ net worth is estimated to be $100 million.
- 2012: Lifelock’s stock price declines and Davis’ net worth drops to $50 million.
- 2016: Lifelock is acquired by Symantec for $2.3 billion and Davis receives a $100 million payout.
- 2022: Davis’ net worth is estimated to be $100 million.
Sources of Todd Davis Lifelock Net Worth
Todd Davis’ net worth is derived from a number of sources, including:
- Salary from Lifelock: Davis earned a base salary of $1.2 million in 2015. He also received a bonus of $1.8 million and stock options worth $2.7 million.
- Stock options from Lifelock: Davis received stock options worth $100 million when Lifelock went public in 2010. These stock options vested over a period of four years.
- Dividends from Lifelock: Davis received dividends of $1.5 million in 2015.
- Sale of Lifelock to Symantec: Davis received a $100 million payout when Lifelock was acquired by Symantec in 2016.
Todd Davis is a successful businessman who has built a large and valuable company. His net worth is a testament to his hard work and dedication.
How Todd Davis Uses His Lifelock Net Worth
Todd Davis has used his Lifelock net worth to make philanthropic donations, invest in various businesses, and spend on personal items.
Philanthropic donations
Davis has donated millions of dollars to various charities and organizations. In 2012, he donated $1 million to the University of Arizona to establish the Todd Davis Center for Entrepreneurship. He has also donated to the American Cancer Society, the Make-A-Wish Foundation, and the United Way.
Investments
Davis has invested in a variety of businesses, including real estate, technology, and healthcare. He is also a co-founder of the venture capital firm Safeguard Capital.
Personal spending
Davis has used his wealth to purchase a variety of luxury items, including a private jet, a yacht, and a mansion. He also owns several cars, including a Ferrari and a Lamborghini.
Controversies Surrounding Todd Davis Lifelock Net Worth
Davis has been involved in a number of controversies surrounding his Lifelock net worth.
Data breach at Lifelock
In 2015, Lifelock was the victim of a data breach that exposed the personal information of millions of customers. Davis was criticized for not taking adequate steps to protect customer data.
FTC lawsuit against Lifelock
In 2017, the Federal Trade Commission (FTC) sued Lifelock for making false and misleading claims about its security products. The FTC alleged that Lifelock had deceived consumers by claiming that its products could protect them from identity theft.
Criticism of Lifelock’s privacy practices
Lifelock has been criticized for its privacy practices. In 2019, the company was fined $10 million by the California Attorney General’s Office for selling consumers’ personal information to third parties.
Todd Davis has used his Lifelock net worth to make philanthropic donations, invest in various businesses, and spend on personal items. He has also been involved in a number of controversies surrounding his net worth, including a data breach at Lifelock, an FTC lawsuit against Lifelock, and criticism of Lifelock’s privacy practices.
Q: What is Todd Davis’ net worth?
A: Todd Davis’ net worth is estimated to be $1.7 billion.
Q: How did Todd Davis make his money?
A: Todd Davis made his money through his work in the cybersecurity industry. He co-founded Lifelock in 1997 and served as its CEO until 2016. Under his leadership, Lifelock grew to become one of the largest cybersecurity companies in the world.
Q: What is Todd Davis’ current role?
A: Todd Davis is currently the chairman of the board of directors of Lifelock. He is also a venture capitalist and angel investor.
Q: What are Todd Davis’ philanthropic interests?
A: Todd Davis is a strong advocate for cybersecurity education. He is a co-founder of the National Cyber Security Alliance and the Cybersmile Foundation. He is also a member of the board of directors of the Center for Cyber Safety and Education.
Q: What are Todd Davis’ hobbies?
A: Todd Davis enjoys spending time with his family, playing golf, and reading. He is also an avid fan of the University of Alabama football team.
Todd Davis is a successful businessman who has made a name for himself in the world of cybersecurity. He is the founder and CEO of Lifelock, a company that provides identity theft protection services. Davis has a net worth of $1.2 billion, and he has been named one of the most influential people in business by Forbes magazine. He is a strong advocate for cybersecurity, and he has worked to raise awareness of the importance of protecting personal information. Davis is a role model for entrepreneurs and business leaders, and he has shown that it is possible to achieve great success while making a positive impact on the world.
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