John McAfee Net Worth 2024

What was John McAfee’s Net Worth?

John McAfee was an American expertise entrepreneur who had a net worth of $4 million on the time of his demise. He first turned notable and rich because the founder and CEO of the anti-virus software program firm McAfee. At the height of his software program profession John McAfee had a net worth north of $100 million. Unfortunately he misplaced most of his fortune resulting from unhealthy investments and the 2008 international recession. John confronted numerous authorized controversies later in life. He died on June 23, 2021 on the age of 75, reportedly by suicide.

Early Life

John David McAfee was born in Cinderford, England, on September 18, 1945, on a United States Army Base. His mom is British, and his father is an American soldier stationed there on the base. McAfee was raised in Salem, Virginia, within the United States. He has states that he feels simply as British as he does America. His father was an abusive alcoholic, and dedicated suicide by gun when McAfee was fifteen years previous. He attended college at Roanoke College in Salem, Virginia, and graduated in 1967 with a bachelor’s diploma in arithmetic. The faculty later awarded him an honorary Doctor of Science (Sc.D.) diploma in 2008.

Early Career

After graduating from college, from 1968 to 1970 McAfee labored at NASA’s Institute for Space Studies, positioned in New York City. He was a programmer for this system. After leaving NASA, he labored as a software program designer at Univac, after which at Xerox as an working system architect. In 1978, McAfee made the transition to consulting when he joined the Computer Sciences Corporation as a software program advisor. Then, for 2 years from 1980 to 1982, he labored for the consulting agency Booz Allen Hamilton.

McAfee Associates

It was whereas he was labored for Lockheed within the Nineteen Eighties that McAfee started engaged on growing virus combating software program. In explicit, he started engaged on anti-virus software program after receiving a duplicate of the Brain laptop virus. In 1987, McAfee left his job to begin his personal laptop anti-virus firm, McAfee Associates. Just a few years later, in 1992, the corporate turned included within the state of Delaware. He remained with the corporate for 2 extra years earlier than resigning in 1994. Then, two years after McAfee associates went public, he acquired uninterested in the software program enterprise and bought his complete stake within the firm for $100 million.

In 1997, McAfee Associates merged with the corporate Network General to kind Network Associates. Seven years later, Network Associates was renamed McAfee, Inc. McAfee Inc. was purchased by Intel in August 2010. It maintained its personal branding separate from that of Intel till January 2014, when McAfee-related merchandise started being marketed below the title Intel Security. In 2017, the unit previously often called McAfee, Inc., was spun out of Intel in a three way partnership between Intel and TPG Capital, known as McAfee, LLC.

Losing His Fortune

In the mid-Nineteen Nineties, John had grown bored of the software program enterprise and determined to promote his complete stake in his namesake firm. The sale resulted in John having a $100 million fortune. And whereas $100 million was nothing to sneeze at, had John held onto his stake, by 2010 when McAfee was acquired by Intel for $7.7 billion, he would have been a billionaire. Perhaps a multi-billionaire with dividends and different compensation.

And to make issues worse, John didn’t preserve his $100 million fortune.

A sequence of unhealthy investments, together with a big wager on Lehman Brothers’ bonds, worn out massive swaths of John’s net worth and finally compelled him to promote actual property and different belongings for pennies on the greenback. For instance, McAfee bought a $25 million Colorado property for simply $5.7 million. He additionally bought a mansion in Hawaii, a ranch in New Mexico and a Cessna personal jet. In the rapid aftermath of the 2008 monetary disaster, John was reportedly out of money, although his net worth did bubble again as much as round $4 million by the point he decamped to Belize in 2009.

Legal Issues

McAfee previously resided in Orange Walk Town, Belize. In April 2012, his property was raided by Belizean Police Department’s Gang Suppression Unit. McAfee was arrested by the police for unlicensed drug manufacturing and possession of an unlicensed weapon, however was later launched with out cost.

Later that very same 12 months, in November 2012, the Belizean police started investigating McAfee as an individual of curiosity regarding the homicide of an American expatriate. Gregory Viant Faull had been discovered useless in his dwelling in Belize on November 11, 2012. He died from a gunshot wound. Faull had been McAfee’s neighbor, which is why police had been fascinated with investigation his connections to Faull. McAfee ended up fleeing Belize after police sought him for questioning associated to Faull’s homicide. He tried to hunt asylum in Guatemala City, Guatemala, however was arrested on December 5, 2012, for illegally coming into Guatemala. While he was arrested, his asylum request was denied, and needed to watch for deportation in a Guatemalan detention heart holding facility.

Eventually, after he suffered from what ABC News reported to be two minor coronary heart assaults within the detention heart, McAfee was launched on December 6, 2012, and deported from Guatemala again to the United States. McAfee later mentioned he faked the center assaults as a way to purchase time for his lawyer to file an enchantment for him.

McAfee has since had many extra run-ins with the legislation. In August 2015, he was arrested in Tennessee for driving below the affect and possession of a firearm whereas intoxicated. Then, in November 2018 the Circuit Court in Orlando, Florida, declined to dismiss a wrongful demise lawsuit that had been introduced towards McAfee for Faull’s demise in Guatemala. Subsequently, one other swimsuit was introduced towards him in early 2019, with a Grand Jury convened to indict him on tax-related prices. Thus, he introduced in January 2019 that he was running from U.S. authorities and living on a boat.

He was arrested a number of extra occasions. In July 2019, he was arrested in Puerto Plata, Dominican Republic, whereas his yacht was docked there. He was launched after being held for 4 days.

In October 2020, John was arrested in Spain after the U.S. Department of Justice requested his detainment for tax evasion.

On June 23, 2021, the Spanish authorities introduced they’d permit John to be extradited again to the United States. Tragically, John took his personal life later that very same day. He was 75.

Personal Life

After McAfee arrived again within the U.S. following his deportation from Guatemala in December 2012, he was solicited by a intercourse employee in South Beach, Miami. This lady, Janice Dyson, ended up marrying McAfee in 2013 after they started a relationship collectively.