Net Worth: $2.1 Billion
About Robert Pera
Robert Pera is a technology entrepreneur, and sports entertainment entrepreneur with an estimated net worth of $2.1 Billion. Pera after working for apple wanted more success and that he got when he founded telecommunications technology giant Ubiquiti Networks which went on the stock exchange in 2011 making him a Billionaire. His stock over a period of time have gone up in the millions of dollars bringing him upwards to $2.1 Billion currently. The company currently has market capital of $2.85 Billion. Pera built the perfect platform for Wi-Fi amplification systems that provide internet access to as few as 10 people or more than 10,000 customers within a 36-mile radius. What’s fascinating about the company’s financials is its earnings per share currently at $1.64. For a large cap stock that’s fairly a lot of earnings. One of the company’s products broke a world distance record for wireless broadband this past June of 2015 which helped drive the stock up. And At the age of 36, Pera got a spot on the Forbes’ list of the 10 youngest billionaires in the world. Pera was raised in Silicon Valley the pinnacle of the tech industry where he established his first computer services company while attending high school. That company provided networking and database services to local businesses. Pera also played on his high school’s basketball team until a heart condition, which has long since resolved, and kept him home for a year. After high school, Pera attended the University of California, San Diego, where he graduated Phi Beta Kappa with a B.S. in Electrical Engineering and a B.A. in Japanese Language. He stayed on at the University of California, San Diego and completed his masters in Electrical Engineering with an emphasis on Digital Communications and Circuit Design. After his education pera using only $30,000 of his personal savings and credit card debt was building Ubiquiti’s early products utilizing existing WiFi technology to wirelessly deliver the Internet to underserved areas like in rural areas and emerging markets lacking the infrastructure to access the Internet through traditional avenues such as phone lines and cable lines. The company has since successfully branched out into other product lines such as wireless access points, security cameras and traditional networking equipment like switches and routers.
