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Bob Parsons Net Worth, Biography & Wiki 2017
Robert Parsons was born on the 27th November 1950, in Baltimore, Maryland USA, and is an entrepreneur and businessman, best known to the world as the founder of the GoDaddy group, which is one of the largest web hosting company and internet domain traders, with over 61 million domain names under management.
Have you ever wondered how rich Bob Parsons is, as of mid- 2016? According to authoritative sources, it has been estimated that Bob`s net worth is as high as $1.8 billion, an amount earned through his successful career mainly as an entrepreneur.
Bob Parsons Net Worth $1.8 Billion
Bob`s childhood was nothing to brag about, as his family was in a poor financial position, which forced Bob to find a job, even before becoming a teenager, selling newspapers, then as he grew older working gas pumps, and working on construction sites. When it comes to his education, Bob nearly failed high school, but after that he joined the United States Marine Corps. As part of the1st Marine Division, in 1969 he was on duty in Vietnam, when he was wounded, and as a result he spent two months in a hospital. After recovery he was discharged, and awarded the Combat Action Ribbon, Purple Heart and Vietnam Gallantry Cross.
After returning from the Marine Corps, Bob enrolled at the University of Baltimore, from which he obtained a degree in accounting, and received magna cum laude honors.
His professional career began in 1984, when he started Parsons Technology, which focused on selling the home accounting program called MoneyCounts. His company grew, attracting many new clients, which only increased Bob`s net worth. Ten years after its inception, Bob sold his company to Intuit, Inc. in a deal worth $64 million, which only increased further his net worth.
His most successful company, GoDaddy, opened its doors in 1997, and since then, it has become one of the largest web hosting and internet domain traders. After years of successful management, he stepped down as the company`s chairman and CEO in 2014, three years after he had sold around 70% of the shares to a consortium the primary companies of which are KKR & Co. L.P. and Silver Lake. He is now a board member of the company, and possesses 28% of the company`s shares.
His next business venture was YAM Worldwide Inc., founded in 2012; the company operates in several areas, including sports, real estate and marketing. Through YAM Worldwide Inc., Bob owns LZ Delta, MS LZ Delta, and L.L.C which are Harley Davidson and other motorcycle brands dealerships based in Arizona; The Golf Club Scottsdale, and owns several buildings in office and residence categories, such as Scottsdale Grayhawk Center, The Cornerstone shopping center and Hayden Station, among others.
When it comes to his personal life, Bob Parsons has been married to Renee since 2009 – other details of their marriage are unknown in the media. However, they are recognized philanthropists, starting the Bob and Renee Parsons Foundationin 2012. Through the foundation, Bob and his wife have donated over $60 million to numerous charity organizations. Also, he has become a part of ”The Giving Pledge’ in 2010, and since then has been donating around $10 million a year through this foundation too.