Fred Luddy

Fred Luddy
Born 1954/1955 (age 63–64)[1]
Nationality American
Alma mater Indiana University (dropped out)
Known for Founder, ServiceNow
Net worth $1.1 billion (April 2018)[1]

Fred Luddy (born 1954/1955) is an American billionaire businessman, and the founder of ServiceNow, a cloud computing company.

Early life

Luddy grew up in New Castle, Indiana, the son of an accountant father and a Catholic-school teacher mother.[2]

Luddy went to Indiana University, but dropped out, as he was spending too much time doing computer programming.[1][2]

Career

In 2004, his then net worth of $35 million was lost due to an accounting fraud at his previous company, Peregrine Systems, of which he was the CTO.[2]

Luddy founded ServiceNow 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 at an advisory role in 2016.[1]

In April 2018, Luddy's net worth was estimated at $1.1 billion.[1]

Philanthropy

Luddy Hall at Indiana University 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".[3]

References

  1. 1 2 3 4 5 "Hoosiers-Like Comeback After Wipeout Forges New Tech Billionaire". Retrieved 22 June 2018.
  2. 1 2 3 4 "From Broke To Billionaire: How Fred Luddy Built The World's Most Innovative Company". Forbes. Retrieved 22 June 2018.
  3. ↑ "Fred Luddy: Naming Donor: Luddy Hall: Alumni & Giving: Home: Indiana University". www.sice.indiana.edu. Retrieved 22 June 2018.
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