Frederic Luddy
$1.4B
Born
Nov 24, 1954
Age
71
Source of Wealth
Software
Residence
San Diego, California
Citizenship
United States
Marital Status
Single
Children
1
Education
Drop Out, Indiana University
- Fred Luddy, a serial entrepreneur, cofounded enterprise software company ServiceNow in 2004, a few weeks before he turned 50.
- At the time, Luddy had just lost a nearly $35 million fortune when his previous employer, Peregrine Systems, filed for bankruptcy.
- Advised by Sequoia Capital, Luddy turned down a $2.5 billion acquisition offer for ServiceNow in 2011 and took it public the next year.
- Luddy stepped down as CEO in 2011 to serve as chief product officer, a role he held until 2017. He became chairman of the board in 2018.
- ServiceNow generated $9 billion in revenue in 2023.
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