Ted Waitt Net Worth

What is Ted Waitt’s Net Worth and Salary?

Ted Waitt’s net worth is estimated at $1.8 billion as of 2021. His primary source of income is his work as the co-founder of Gateway Computers.

Waitt’s current salary is not publicly known, but he has made millions through Gateway Computers and his investments in numerous other companies.

Early Life and Education

Ted Waitt was born on January 18, 1963, in Sioux City, Iowa, to Norman and Marlys Waitt. He attended the University of Iowa but dropped out after two years to start Gateway Computers.

Career

Waitt co-founded Gateway Computers in 1985 with $10,000 in borrowed money. He served as CEO until 1991 and then as chairman until 2004. During his tenure, Gateway Computers became a Fortune 500 company and one of the top PC manufacturers in the world.

After leaving Gateway Computers, Waitt became a venture capitalist and invested in numerous companies, including 3M, Quest Software, and NextWave. He also founded Avalon Capital Group and Waitt Corp, which invests in sustainable energy technologies.

Personal Life

Waitt is married with three children. He and his wife, Joan, are known for their philanthropic work, particularly in the areas of education and healthcare. They founded the Waitt Institute for Violence Prevention and the Waitt Foundation.

Real Estate

Waitt owns several properties, including a 15-acre estate in La Jolla, California, and a ranch in South Dakota.

Legacy

Waitt is remembered as a pioneer of the PC industry and as an innovative entrepreneur who took Gateway Computers from a small start-up to a global corporation.

His philanthropic work has also had a significant impact in the fields of education and healthcare, particularly through his support of the Waitt Institute for Violence Prevention and the Waitt Foundation.

FAQs:

1. What is Ted Waitt known for?

Ted Waitt is best known as the co-founder of Gateway Computers, one of the top PC manufacturers in the world during the 1990s.

2. What was Ted Waitt’s role at Gateway Computers?

Waitt served as CEO of Gateway Computers until 1991 and then as chairman until 2004. During his tenure, Gateway Computers became a Fortune 500 company and a global leader in the PC industry.

3. How did Ted Waitt become a billionaire?

Waitt became a billionaire through his work with Gateway Computers and his investments in numerous other companies, including 3M, Quest Software, and NextWave.

4. What is Ted Waitt’s philanthropic work?

Waitt and his wife, Joan, are known for their philanthropic work, particularly in the areas of education and healthcare. They founded the Waitt Institute for Violence Prevention and the Waitt Foundation.

5. What is the Waitt Institute for Violence Prevention?

The Waitt Institute for Violence Prevention is a non-profit organization founded by Ted and Joan Waitt that focuses on research, education, and action to prevent violence.

6. What inspired Ted Waitt to become a philanthropist?

Waitt and his wife, Joan, have said that their philanthropic work is inspired by their desire to give back and make a positive impact in the world.

7. What is Ted Waitt’s net worth?

Ted Waitt’s net worth is estimated at $1.8 billion as of 2021.

8. What is Ted Waitt’s educational background?

Waitt attended the University of Iowa but dropped out after two years to start Gateway Computers.

9. What is Waitt Corp?

Waitt Corp is an investment firm founded by Ted Waitt that focuses on sustainable energy technologies.

10. Where is Ted Waitt’s primary residence?

Ted Waitt’s primary residence is a 15-acre estate in La Jolla, California.

11. Does Ted Waitt have any children?

Ted Waitt has three children.

12. What other companies has Ted Waitt invested in?

Ted Waitt has invested in numerous companies, including 3M, Quest Software, and NextWave.

13. What is the Waitt Foundation?

The Waitt Foundation is a non-profit organization founded by Ted and Joan Waitt that supports education, healthcare, and other charitable causes.

14. Where is Ted Waitt from?

Ted Waitt was born in Sioux City, Iowa.

15. What is Ted Waitt’s current role?

Ted Waitt is currently a venture capitalist and the founder and chairman of Avalon Capital Group and Waitt Corp.

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