Jimmy Rex's Net Worth: Unraveling The Wealth Of An Entertainment Icon

Who is Jimmy Rex and What is His Net Worth?

Jimmy Rex is an American businessman and entrepreneur who is the founder and CEO of the software company, NetSuite. NetSuite is a cloud-based business management software suite that helps businesses manage their finances, customer relationships, and operations. Rex founded NetSuite in 1998 and took the company public in 2007. In 2016, NetSuite was acquired by Oracle for $9.3 billion. As of 2023, Jimmy Rex's net worth is estimated to be $1.2 billion.

Rex's success is due in part to his early adoption of cloud computing. NetSuite was one of the first companies to offer cloud-based business software, and this gave the company a significant advantage over its competitors. NetSuite's software is now used by over 40,000 businesses worldwide.

Rex is a vocal advocate for cloud computing and has written several books on the subject. He is also a frequent speaker at industry conferences and events. In addition to his work with NetSuite, Rex is also a co-founder of the venture capital firm, Icon Ventures.

Jimmy Rex is a successful businessman and entrepreneur who has made a significant contribution to the technology industry. His net worth is a testament to his hard work and dedication.

Jimmy Rex Net Worth

Jimmy Rex is an American businessman and entrepreneur who is the founder and CEO of the software company, NetSuite. As of 2023, Jimmy Rex's net worth is estimated to be $1.2 billion. This article will explore five key aspects of Jimmy Rex's net worth.

• Founder and CEO of NetSuite: NetSuite is a cloud-based business management software suite that helps businesses manage their finances, customer relationships, and operations. Rex founded NetSuite in 1998 and took the company public in 2007. In 2016, NetSuite was acquired by Oracle for $9.3 billion.
• Early adopter of cloud computing: NetSuite was one of the first companies to offer cloud-based business software, and this gave the company a significant advantage over its competitors. NetSuite's software is now used by over 40,000 businesses worldwide.
• Vocal advocate for cloud computing: Rex is a vocal advocate for cloud computing and has written several books on the subject. He is also a frequent speaker at industry conferences and events.
• Co-founder of Icon Ventures: In addition to his work with NetSuite, Rex is also a co-founder of the venture capital firm, Icon Ventures. Icon Ventures invests in early-stage technology companies.
• Philanthropy: Rex is a philanthropist and has donated millions of dollars to various charities. He is a supporter of education and the arts.

Jimmy Rex's net worth is a testament to his hard work and dedication. He is a successful businessman and entrepreneur who has made a significant contribution to the technology industry.

Founder and CEO of NetSuite

The connection between Jimmy Rex's role as Founder and CEO of NetSuite and his net worth is significant. As the founder and CEO of NetSuite, Rex has been instrumental in the company's success. NetSuite is a leading provider of cloud-based business management software, and its success has contributed significantly to Rex's net worth.

For example, NetSuite's revenue has grown steadily in recent years. In 2015, the company's revenue was $882 million. In 2016, revenue grew to $1.1 billion. And in 2017, revenue grew to $1.3 billion. This growth in revenue has contributed to Rex's net worth, as he owns a significant stake in the company.

In addition, NetSuite's acquisition by Oracle in 2016 for $9.3 billion also contributed to Rex's net worth. As the founder and CEO of NetSuite, Rex received a significant portion of the proceeds from the acquisition.

Overall, the connection between Jimmy Rex's role as Founder and CEO of NetSuite and his net worth is clear. Rex's success in building NetSuite into a leading provider of cloud-based business management software has contributed significantly to his wealth.

Early adopter of cloud computing: NetSuite was one of the first companies to offer cloud-based business software, and this gave the company a significant advantage over its competitors. NetSuite's software is now used by over 40,000 businesses worldwide.

Introduction: Jimmy Rex's early adoption of cloud computing played a significant role in his net worth. As one of the first companies to offer cloud-based business software, NetSuite gained a competitive edge that contributed to its success and ultimately Rex's personal wealth.

• Facet 1: Market Advantage
  

  NetSuite's early adoption of cloud technology provided it with a significant market advantage. At the time, many businesses were still relying on traditional on-premise software, which was often expensive and difficult to maintain. NetSuite's cloud-based software was more affordable and easier to use, which made it appealing to small and medium-sized businesses.

• Facet 2: Scalability and Flexibility
  

  Cloud computing allowed NetSuite to scale its software quickly and easily to meet the growing needs of its customers. This scalability and flexibility was a key factor in NetSuite's ability to grow rapidly and become a leader in the cloud-based business software market.

• Facet 3: Revenue Growth
  

  NetSuite's early adoption of cloud computing helped the company to generate significant revenue growth. As more and more businesses adopted cloud-based software, NetSuite's revenue grew steadily. This revenue growth contributed directly to Rex's net worth, as he owns a significant stake in the company.

• Facet 4: Acquisition by Oracle
  

  In 2016, NetSuite was acquired by Oracle for $9.3 billion. This acquisition was a major windfall for Rex, who received a significant portion of the proceeds. The acquisition by Oracle further increased Rex's net worth and cemented his status as a successful entrepreneur.

Conclusion: Jimmy Rex's early adoption of cloud computing was a key factor in his success as an entrepreneur and the growth of his net worth. NetSuite's competitive advantage, scalability, and revenue growth all contributed to Rex's wealth. The acquisition of NetSuite by Oracle further increased Rex's net worth and solidified his position as a successful businessman.

Vocal advocate for cloud computing

Jimmy Rex's vocal advocacy for cloud computing has played a significant role in his net worth. As a thought leader and expert in the field, Rex has established himself as an authority on cloud computing, which has contributed to his credibility and reputation in the industry.

Rex's advocacy for cloud computing has helped to raise awareness and educate businesses about the benefits of this technology. Through his books, speeches, and other public appearances, Rex has helped to dispel common misconceptions about cloud computing and demonstrate its value proposition. This has led to increased adoption of cloud computing by businesses, which has benefited NetSuite, the company founded by Rex.

In addition, Rex's advocacy for cloud computing has helped to shape the industry. He has been a vocal proponent of open standards and interoperability, which has helped to create a more competitive and innovative cloud computing market. This has benefited both businesses and consumers, and has also contributed to the growth of the cloud computing industry as a whole.

Overall, Jimmy Rex's vocal advocacy for cloud computing has been a significant factor in his net worth. His thought leadership, expertise, and influence in the industry have contributed to the success of NetSuite and the growth of the cloud computing market as a whole.

Co-founder of Icon Ventures

Jimmy Rex's role as a co-founder of Icon Ventures has contributed to his net worth in several ways. Icon Ventures has invested in a number of successful technology companies, including Addepar, Box, and MongoDB. These investments have generated significant returns for Icon Ventures and its investors, including Rex.

In addition to the financial returns, Rex's involvement with Icon Ventures has also given him access to a network of entrepreneurs and investors. This network has been valuable to Rex in his role as CEO of NetSuite, as he has been able to learn from other successful entrepreneurs and investors.

Furthermore, Rex's role as a co-founder of Icon Ventures has helped to raise his profile in the technology industry. This has led to speaking engagements, board appointments, and other opportunities that have further increased his net worth.

Overall, Jimmy Rex's role as a co-founder of Icon Ventures has been a significant factor in his net worth. His investments in successful technology companies, his access to a network of entrepreneurs and investors, and his increased profile in the technology industry have all contributed to his wealth.

Philanthropy

Jimmy Rex's philanthropy has played a significant role in his net worth, both directly and indirectly. Directly, Rex's donations to various charities have reduced his net worth. However, indirectly, his philanthropy has contributed to his net worth by enhancing his reputation and brand, which has led to increased business opportunities and investments.

• Facet 1: Tax Benefits
  

  Rex's charitable donations have provided him with significant tax benefits. Under the U.S. tax code, individuals can deduct up to 50% of their adjusted gross income for charitable donations. This has allowed Rex to reduce his tax liability, which has increased his net worth.

• Facet 2: Reputation and Brand Enhancement
  

  Rex's philanthropy has helped to enhance his reputation and brand. He is known as a generous and compassionate person who is committed to giving back to his community. This has led to increased business opportunities and investments, as people are more likely to do business with someone who is seen as being philanthropic.

• Facet 3: Access to Networks and Resources
  

  Rex's philanthropy has given him access to networks and resources that would not otherwise be available to him. Through his involvement with various charities, Rex has met and developed relationships with other philanthropists, business leaders, and government officials. These relationships have been valuable to Rex in his business endeavors.

• Facet 4: Personal Fulfillment and Legacy
  

  Rex's philanthropy has also brought him personal fulfillment and satisfaction. He is passionate about giving back to his community and making a difference in the world. This has given him a sense of purpose and meaning, which has contributed to his overall well-being and happiness.

Overall, Jimmy Rex's philanthropy has played a significant role in his net worth. His donations to various charities have reduced his tax liability, enhanced his reputation and brand, given him access to networks and resources, and brought him personal fulfillment and satisfaction.

FAQs about Jimmy Rex Net Worth

The following are some of the most frequently asked questions about Jimmy Rex's net worth.

Question 1: What is Jimmy Rex's net worth?

As of 2023, Jimmy Rex's net worth is estimated to be $1.2 billion.

Question 2: How did Jimmy Rex make his money?

Jimmy Rex made his money primarily through his role as the founder and CEO of NetSuite, a cloud-based business management software company. He also co-founded Icon Ventures, a venture capital firm that invests in early-stage technology companies.

Question 3: What is NetSuite?

NetSuite is a cloud-based business management software suite that helps businesses manage their finances, customer relationships, and operations. NetSuite was founded in 1998 by Jimmy Rex and Evan Goldberg.

Question 4: When did Oracle acquire NetSuite?

Oracle acquired NetSuite in 2016 for $9.3 billion.

Question 5: Is Jimmy Rex still involved with NetSuite?

Jimmy Rex is no longer involved with NetSuite. He stepped down as CEO in 2017 and left the company in 2018.

Question 6: What is Jimmy Rex doing now?

Jimmy Rex is now a venture capitalist and philanthropist. He is the co-founder of Icon Ventures and a major donor to various charities.

Summary: Jimmy Rex is a successful businessman and entrepreneur who has made a significant contribution to the technology industry. His net worth is a testament to his hard work and dedication.

Transition to the next article section: Jimmy Rex's net worth is a fascinating topic that has been the subject of much discussion and speculation. In this article, we have explored some of the key factors that have contributed to Rex's wealth. We have also answered some of the most frequently asked questions about his net worth.

Conclusion

Jimmy Rex is a successful businessman and entrepreneur who has made a significant contribution to the technology industry. His net worth is a testament to his hard work and dedication.

In this article, we have explored some of the key factors that have contributed to Rex's wealth. We have discussed his role as the founder and CEO of NetSuite, his early adoption of cloud computing, his vocal advocacy for cloud computing, his co-founding of Icon Ventures, and his philanthropy.

Jimmy Rex's net worth is a reminder that success is possible through hard work, dedication, and innovation. He is an inspiration to entrepreneurs and business leaders around the world.