Fred Luddy
Frederic B Luddy | |
|---|---|
| Born | November 24, 1954 |
| Education | Indiana University Bloomington (dropped out) |
| Known for | Founder, ServiceNow |
Fred Luddy (born 1954[1]) is an American billionaire businessman, and the founder of ServiceNow, a cloud computing company.
Early life
[edit | edit source]Luddy grew up in New Castle, Indiana, the son of an accountant father and a Catholic schoolteacher mother.[2]
Luddy went to Indiana University Bloomington, but dropped out, as he was spending too much time doing computer programming.[3][2]
Career
[edit | edit source]Prior to ServiceNow, Luddy worked at Amdahl Corporation, co-founded Enterprise Software, and served as chief technology officer at Peregrine Systems.[4]
In 2004, his then net worth of $35 million was lost due to an accounting fraud at Peregrine Systems, of which he was the CTO.[2]
Luddy founded ServiceNow in 2004, two weeks before his 50th birthday, "I couldn't wait, because there was something psychologically that said I couldn't start a company at 50."[2]
Luddy stepped down as CEO of ServiceNow in 2011, then focused on product development, and moved to an advisory role in 2016.[3] He remains on the ServiceNow board.
As of October 2023, Luddy's net worth was estimated at $1.2 billion.[5]
World Team Tennis
[edit | edit source]Luddy acquired a majority ownership of the San Diego Aviators in 2015. He currently serves as the Chairman of the Board of the team.[6]
In 2017, Luddy was part of a purchase of World Team Tennis from Billie Jean King.[7] He is now a majority owner with Eric Davidson.[8]
Philanthropy
[edit | edit source]Luddy Hall at the Luddy School of Informatics, Computing, and Engineering at Indiana University Bloomington was named in recognition of a donation from Luddy, and "in honor of the many IU alumni in the Luddy family, including Fred's mother, father, sister and two brothers".[9]
Awards
[edit | edit source]In 2023, Fred Luddy received the Horatio Alger Award[10]
References
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- ^ Salk Institute welcomes technology leader Fred Luddy to Board of Trustees https://www.salk.edu/news-release/salk-institute-welcomes-technology-leader-fred-luddy-to-board-of-trustees/ salk.edu
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