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What is Bob Parsons’ Net Worth?
Bob Parsons is an American entrepreneur and philanthropist who has a net worth of $4 billion. Bob Parsons earned his fortune by founding the GoDaddy group of firms. He additionally based YAM Worldwide, via which he’s concerned in numerous ventures associated to sports activities, actual property, and advertising. As a philanthropist, Parsons co-founded the Bob & Renee Parsons Foundation together with his spouse in 2012.
Early Life and Education
Bob Parsons was born on November 27, 1950 in Baltimore, Maryland to a homemaker mom and furnishings salesman father. Both of his dad and mom have been continual gamblers, leaving the family in a poor monetary state of affairs. To assist make ends meet, Parsons took on numerous jobs, together with promoting newspapers and pumping fuel. After coming near flunking out of highschool, he enlisted within the US Marine Corps and served in Vietnam. Parsons was wounded in motion and medically evacuated; for his damage and repair, he was awarded a Purple Heart and Combat Action Ribbon.
Following his time within the US Marine Corps and his restoration from damage, Parsons returned to his hometown to check on the University of Baltimore. He graduated magna cum laude with a level in accounting in 1975.
Career Beginnings
After graduating from college, Parsons started his profession in IT and software program gross sales. In 1984, he based Parsons Technology in Cedar Rapids, Iowa, via which he began promoting a house accounting program known as MoneyCounts. Parsons Technology ultimately grew to change into a privately held firm with round 1,000 workers. In 1994, it was bought to the enterprise software program firm Intuit for $64 million.
GoDaddy
In 1997, Parsons based the Internet area registrar and hosting firm Jomax Technologies in Phoenix, Arizona. The firm was ultimately renamed GoDaddy and given a brand with a cartoon man sporting inexperienced sun shades and messy orange hair.
In the summer time of 2011, Parsons bought round 70% of GoDaddy to a personal fairness consortium and resigned from his place as CEO. He remained with the corporate as government chairman via mid-2014, and as a board member via most of 2018. Upon Parson’s departure, GoDaddy was the world’s largest internet host by market share, with greater than 62 million registered domains.
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YAM Worldwide
In 2012, Parsons based YAM Worldwide in Scottsdale, Arizona. The firm is residence to his numerous entrepreneurial operations within the fields of sports activities, actual property, and advertising. Its non-public lending and funding arm, YAM Capital, focuses on industrial actual property lending and acquisition, principally in Arizona’s Valley of the Sun area. In 2016, Parsons established Sneaky Big Studio at his YAM Worldwide Center in Scottsdale. The studio supplies a spread of providers within the areas of media manufacturing and postproduction, together with editorial, visible results, and audio. Parsons subsequent launched the YAMWOOD Foundry, a enterprise that makes customized furnishings, indicators, and lighting for industrial and residential initiatives.
Through a lot of YAM Worldwide subsidiaries, Parsons operates Harley-Davidson and different bike dealerships in Arizona, Tennessee, and Mississippi. In Scottsdale, he opened the biggest Harley-Davidson dealership on the planet, spanning two tales and 150,000 sq. feet. Parsons additionally based Spooky Fast Customs, which makes personalized bike designs and fabrications. Elsewhere, YAM has been closely invested in golf. In 2013, Parsons bought the 292-acre members-only Golf Club Scottsdale and renamed it Scottsdale National Golf Club. He went on to buy undeveloped properties adjoining to the course. In early 2015, Parsons launched the high-end golf membership manufacturing firm Parsons Xtreme Golf, which makes golf equipment which were utilized by a number of PGA Tour champions.
The Bob & Renee Parsons Foundation
With his spouse Renee, Parsons co-founded the Bob & Renee Parsons Foundation in 2012. Since then, the Foundation has contributed to charities all over the world. However, it focuses on catastrophe aid and navy veteran assist within the Phoenix space. The Foundation has donated considerably to such organizations because the Semper Fi Fund, the Southwest Center for HIV/AIDS, the Barrow Neurological Institute, and Circle the City. It additionally gave grants to the W. M. Keck Observatory in Hawaii.
In 2013, Parsons and his spouse joined the Giving Pledge, a marketing campaign began by Bill Gates and Warren Buffett requiring members to commit a minimum of half of their fortunes to charity throughout their lifetimes.
Controversies
Parsons has been the topic of some controversies. In 2011, he was lambasted by animal rights activists and others for tweeting a video of himself fatally taking pictures an elephant in Zimbabwe.
Real Estate
In 2010 Bob paid $9 million for a mansion on an unique golf course within the Hawaiian city of Kailua Kona on the Big Island.
In 2013 Bob Parsons purchased the Golf Club Scottsdale and subsequently renamed it the Scottsdale National Golf Club. In 2014 he purchased a neighboring property to convey the footprint to a 650 acres.
In June 2018 Bob Parsons paid $133 million for a 76-acre industrial leisure property in Phoenix. The property options 533,000 sq. feet of retail/workplace/residential house simply adjoining to the stadium the place the NFL’s Arizona Cardinals play. Today the complicated is named the Westgate Entertainment District.
Bob’s main residence is a palatial property in Scottsdale on the grounds of the membership he owns.
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