Fred Luddy
Frederic B Luddy | |
|---|---|
| Born | November 24, 1954 |
| Education | Indiana University Bloomington (dropped out) |
| Known for | Founder, ServiceNow |
Fred Luddy (born 1954[1]) is an American billionaire businessman, and the founder of ServiceNow, a cloud computing company.
Early life
[edit]Luddy grew up in New Castle, Indiana, the son of an accountant father and a Catholic schoolteacher mother.[2]
Luddy went to Indiana University Bloomington, but dropped out, as he was spending too much time doing computer programming.[3][2]
Career
[edit]Prior to ServiceNow, Luddy worked at Amdahl Corporation, co-founded Enterprise Software, and served as chief technology officer at Peregrine Systems.[4]
In 2004, his then net worth of $35 million was lost due to an accounting fraud at Peregrine Systems, of which he was the CTO.[2]
Luddy founded ServiceNow in 2004, 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."[2]
Luddy stepped down as CEO of ServiceNow in 2011, then focused on product development, and moved to an advisory role in 2016.[3] He remains on the ServiceNow board.
As of October 2023, Luddy's net worth was estimated at $1.2 billion.[5]
World Team Tennis
[edit]Luddy acquired a majority ownership of the San Diego Aviators in 2015. He served as the Chairman of the Board of the team.[6]
In 2017, Luddy was part of a purchase of World Team Tennis from Billie Jean King.[7] He is now a majority owner with Eric Davidson.[8]
Philanthropy
[edit]Luddy Hall at the Luddy School of Informatics, Computing, and Engineering at Indiana University Bloomington 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".[9]
Awards
[edit]In 2023, Fred Luddy received the Horatio Alger Award.[10]
References
[edit]- ↑ "How ServiceNow Was Born - ServiceNow Blog". ServiceNow. January 28, 2022. Retrieved May 3, 2023.
- 1 2 3 4 "From Broke To Billionaire: How Fred Luddy Built The World's Most Innovative Company". Forbes. Retrieved June 22, 2018.
- 1 2 "Hoosiers-Like Comeback After Wipeout Forges New Tech Billionaire". Bloomberg News. April 27, 2018. Retrieved June 22, 2018.
- ↑ Salk Institute welcomes technology leader Fred Luddy to Board of Trustees https://www.salk.edu/news-release/salk-institute-welcomes-technology-leader-fred-luddy-to-board-of-trustees/ salk.edu
- ↑ "Real Time Billionaires". Forbes.
- ↑ "San Diego Aviators - FRONT OFFICE TEAM". San Diego Aviators. Archived from the original on August 8, 2019. Retrieved August 8, 2019.
- ↑ "WTT - History". WTT. Retrieved August 8, 2019.
- ↑ "WTT - About". WTT. Retrieved August 8, 2019.
- ↑ "Fred Luddy: Naming Donor: Luddy Hall: Alumni & Giving: Home: Indiana University". www.sice.indiana.edu. Archived from the original on May 1, 2018. Retrieved June 22, 2018.
- ↑ "Frederic B. Luddy, Founder of ServiceNow, to Receive 2023 Horatio Alger Award". Horatio Alger. February 9, 2023.