Curious to know about the current financial standing of renowned entrepreneur Bob Parsons in 2023? Look no further! In this article, we delve into the latest updates on Bob Parsons net worth, exploring how this visionary businessman has navigated the ever-changing landscape of the business world and amassed his wealth over the years.
Contents
Quick Facts
| Full Name | Bob Parsons |
|---|---|
| Popular Name | Bob Parsons |
| Gender | Male |
| Birth Date | November 27, 1950 |
| Age | 72 |
| Parents | Not disclosed |
| Siblings | Not disclosed |
| Birth Place | Baltimore, Maryland |
| Nationality | American |
| Ethnicity | Caucasian |
| Education | University of Baltimore |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Renee Parsons |
| Children | Not disclosed |
| Dating | – |
| Net Worth | $3.4 billion (as of 2023) |
| Source of Wealth | Business ventures |
| Height | 6 ft 1 in (1.85 m) |
| Weight | 194 lb (88 kg) |
What is Bob Parsons Net Worth and Salary in 2023?
According to Forbes, Bob Parsons’s net worth is around $3.4 billion. This wealth primarily stems from his founding of the GoDaddy group of companies, a leading internet domain registrar and web hosting company. He sold most of GoDaddy in 2011 to private equity investors, pocketing approximately $900 million in cash.
Why is Bob Parsons Famous?
Bob Parsons is not just a successful businessman; he’s a trailblazer. He earned fame by establishing GoDaddy, one of the world’s leading internet domain registrars and web hosting companies. His entrepreneurial spirit and innovative ideas turned GoDaddy into a multi-billion-dollar company, cementing his position among the business world’s elites.
Biography Overview
Early Life
Robert Ralph Parsons was born on November 27, 1950, in Baltimore, Maryland. His mother was a homemaker, while his father worked as a furniture salesman for Montgomery Ward.
Education
His academic journey was not smooth either; he flunked in the fifth grade and almost failed high school. However, his life took a turn when he enlisted in the United States Marine Corps, serving as a rifleman during the Vietnam War.
He was wounded and awarded the Purple Heart Medal, Combat Action Ribbon, and the Vietnamese Cross of Gallantry. After his service, he attended the University of Baltimore on the G.I. Bill, graduating magna cum laude with an accounting degree in 1975.
Career and Awards
Parsons’ career took off when he founded Parsons Technology, a software firm, in 1984. The company, which started in his basement, grew to employ 1000 people and covered 4% of the software market in North America. In 1994, he sold the company to Intuit for $64 million.
He launched Jomax Technologies three years later, which was later renamed GoDaddy, a web hosting company and internet domain registrar. He sold approximately 70 percent of GoDaddy to a private equity consortium in 2011 and stepped down as CEO.
He is also the founder and CEO of YAM Worldwide, Inc., which houses his entrepreneurial ventures in power sports, golf, real estate, and marketing. Some of the companies under YAM Worldwide include:
- Parsons Xtreme Golf (PXG)
- Scottsdale National Golf Club
- Harley-Davidson of Scottsdale
- Southern Thunder Harley-Davidson
- GO AZ Motorcycles
- Spooky Fast Custom Finishing
- SNEAKY BIG
- The YAMWOOD Foundry
- YAM Capital.
Personal Life
Bob Parsons is married to Renee LaBelle Parsons. The couple tied the knot on October 24, 2009, at Keswick Hall in Keswick, Virginia. Renee, originally from Mt. Labelle, is a prominent figure in business, fashion, and philanthropy.
She served as the President and Executive Creative Director of PXG Apparel and co-founded The Bob & Renee Parsons Foundation with her husband. Additionally, she leads hospitality and design at Scottsdale National Golf Club.
Social Media Accounts
- Instagram: @drbobparsons
- Twitter: @DrBobParsons
- YouTube: Bob Parsons
- LinkedIn: Bob Parsons
- Pinterest: BobParsons
FAQs about Bob Parsons
What is Bob Parsons’ primary source of wealth?
Bob Parsons’ primary source of wealth is his successful business ventures, particularly his company GoDaddy.
Does Bob Parsons have a military background?
Yes, Bob Parsons served in the United States Marine Corps during the Vietnam War.
What are some controversies associated with Bob Parsons?
Bob Parsons faced criticism for a controversial video showing him hunting elephants in Zimbabwe in 2011.
Conclusion
The story of Bob Parsons is a fascinating tale of hard work, dedication, and immense financial success. His journey from being a Marine to becoming a billionaire entrepreneur inspires many who dream of achieving similar heights.
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