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What is Thomas Siebel’s Net Worth?
Thomas Siebel is an American businessman who has a net worth of $4 billion. Thomas Siebel earned his fortune because the founding father of the software program firm Siebel Systems and the bogus intelligence firm C3.ai. He can be the chairman of First Virtual Group, a diversified holding firm with pursuits in such areas as agribusiness and industrial actual property. In different endeavors, Siebel based his personal basis to assist philanthropic work.
Thomas Siebel labored for Oracle from 1984 to 1990. In 1993 he co-founded Siebel Systems, a software program firm that designed, developed, marketed, and supported buyer relationship administration (CRM) functions. Oracle purchased Siebel Systems in January 2006 for $5.8 billion. For a few years Thomas famously had a bitter rivalry with Oracle founder Larry Ellison.
Thomas’ second cousin is an funding banker named Kenneth Siebel. Kenneth’s daughter Jennifer Siebel is married to Gavin Newsom, the Governor of California.
Early Life and Education
Thomas Siebel was born on November 20, 1952 in Chicago, Illinois as certainly one of seven youngsters of Ruth and Arthur. For his larger schooling, he went to the University of Illinois Urbana-Champaign, from which he earned his BA in historical past, and later his MBA. Siebel additionally obtained an MS in pc science from U of I.
Career Beginnings
Between 1984 and 1990, Siebel held numerous administration positions on the pc expertise firm Oracle Corporation. After that, he served because the CEO of the software program firm Gain Technology, which merged with Sybase in late 1992.
Siebel Systems
In 1993, Siebel based Siebel Systems, an organization that initially made gross sales pressure automation software program. Eventually, it moved into the bigger CRM market, and by the late Nineties was the dominant CRM vendor and the fastest-growing expertise firm within the United States. Siebel Systems grew to embody over 8,000 workers in 32 nations earlier than merging with Oracle Corporation in early 2006 in a deal that valued Siebel Systems at $5.8 billion.
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C3.ai
In 2009, Siebel based C3.ai, a expertise firm specializing in enterprise synthetic intelligence. The firm presents a product that makes use of machine studying and neural networks to unravel advanced analytical issues within the areas of business, authorities, and commerce. Among its prospects are the US Air Force and the Department of Defense. In 2019, C3.ai was included on CNBC’s “Disruptor 50” checklist. Siebel serves because the chairman and CEO of the corporate; he sits on the board with such notable folks as Condoleezza Rice and John Hyten.
Philanthropy
In 1996, Siebel established the Siebel Foundation. The group helps underprivileged communities, instructional and analysis applications, different power options, and substance abuse prevention. Siebel later based the Montana Meth Project to fight methamphetamine use, with a give attention to youngsters. Elsewhere, he has made massive donations to his alma mater U of I, with $32 million going to the development of the Siebel Center for Computer Science and $25 million towards the development of the Siebel Center for Design.
Political Involvement
Siebel remodeled $330,000 in political contributions between 2009 and 2014. Approximately 90% was for independents and 10% for Republican candidates. Later, in 2022, Siebel donated $90,000 to the convoy motion in Ottawa, Canada that protested COVID-19 vaccines and security measures.
Board Appointments
Siebel sits on a variety of boards, together with the boards of advisors of the University of Illinois College of Engineering, the University of California, Berkeley College of Engineering, and the Stanford University College of Engineering. He can be a director of Stanford’s Hoover Institution, and chairman of the boards of First Virtual Group and the American Agora Foundation. In 2013, Siebel was elected as a member of the American Academy of Arts and Sciences.
Books
Siebel has written non-fiction books and articles about enterprise and expertise. With Michael Malone, he revealed his first ebook, “Virtual Selling,” in 1996. That was adopted in 1999 by “Cyber Rules,” co-written by Pat House. In 2001, Siebel revealed “Taking Care of eBusiness.” His fourth ebook was “Digital Transformation,” which got here out in 2019. A Wall Street Times bestseller, the ebook examines how fashionable data applied sciences are impacting enterprise, authorities, and society at massive.
Elephant Attack
In August of 2009, Siebel was on a wildlife tour in Tanzania when an elephant charged at his information after which turned on him, breaking a number of of his ribs and goring his leg. It was three hours earlier than he was in a position to obtain medical therapy. Flown again to the United States, Siebel misplaced half of his fluids earlier than he was positioned within the ICU. Over the subsequent six months, he underwent 11 surgical procedures to repair his accidents. Siebel went on to endure extra surgical procedures in 2010, together with numerous reconstructive surgical procedures.
Personal Life
With his spouse Stacey, Siebel has 4 youngsters. The family resides in Woodside, California. Siebel additionally owns and operates a working cattle ranch, the Dearborn Ranch, in Wolf Creek, Montana.
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