Forbes estimates Ken Xie, 59, to be worth $4.8 billion in 2022. Successful cybersecurity provider Fortinet offers cloud security, firewalls, and other services to enterprises. Ken is the business’s co-founder and CEO. Ken and his wife have three children: two sons and a girl. Their oldest child, Jamie Xie, became well-known in January 2021 after joining the cast of the Netflix reality series Bling Empire. Jamie is a reality television celebrity and a fashion influencer. The Bling Empire’s cast Jamie Xie is well-known and successful in the fashion industry. Her personal wealth is reportedly at $50 million.
Ken Xie is a billionaire businessman from the United States who developed Systems Integration Solutions (SIS), NetScreen, and Fortinet. He is the CEO of Silicon Valley-based cybersecurity company Fortinet. Xie previously served as the CEO of NetScreen, which Juniper Networks purchased in 2004 for $4 billion. In 1996, he created the first firewall/VPN appliance based on an ASIC.
Xie was born and reared in China. He earned a B.S. and M.S. in electrical engineering from Tsinghua University as well as an M.S. in electrical engineering from Stanford University.
Systems Integration Solutions is a network security business that Xie launched in 1993. In 1996, Xie created the first ASIC-based firewall/VPN appliance in his Palo Alto, California, garage. Along with Yan Ke and Feng Deng, he started the web security company NetScreen Technologies in the same year. Later, Juniper Networks Inc. purchased NetScreen Technologies for $4 billion.
Xie is married and resides in the Los Altos Hills neighborhood of San Jose, California. He is the father of fashion influencer Jaime Xie, who also appears in the Netflix reality series Bling Empire. Jamie Xie, is a model, influencer, and fashion designer. Jamie, who is just in her 20s, has already achieved success, but it pales in comparison to that of her father. Read this article to know more about Ken Xie’s net worth.
Previously, we touched on Dorothy Wang and Guy Tang.
Ken Xie’s Net Worth: How Wealthy Is Ken Xie, the Father of Bling Empire Cast Jamie Xie?
Ken Xie, 59, is estimated to be worth a staggering $4.8 billion as of 2022 by Forbes. Fortinet is a successful cybersecurity company that provides businesses with firewalls, cloud security, and other services. Ken is the co-founder and CEO of the company.
He has been able to amass his wealth through perseverance and business acumen. In 2000, he started Fortinet, which has grown to be among the most prosperous cybersecurity companies worldwide in its 22 years of operation. The California-based business generated $3.3 billion in revenue in 2021 after going public on the Nasdaq in 2009.
Ken had numerous businesses before starting Fortinet; it wasn’t his first venture into entrepreneurship. Being the son of two Chinese academics, Xie’s parents sent him to Stanford University to study engineering in the hopes that he would one day become a professor. However, Ken Xie didn’t want to follow this road.
From a young age, Ken’s business-smart mind was evident. He developed an interest in entrepreneurship while attending Stanford and founded his first firm, a software firewall startup called SIS, in 1993. Three years later, he launched NetScreen, his second cybersecurity business, and in 2000, he founded Fortinet. We are confident that his parents won’t be overly dissatisfied despite the fact that he chose not to pursue an engineering degree.
In a separate story, Forbes discussed Ken’s firm and how it is anticipated to experience rapid growth in the next years. According to Fortune Business Insights, the market for network security worldwide is expected to increase from $27.39 billion in 2021 to $60.38 billion in 2028.
Fortinet is a leader in network security, and Ken recently spoke candidly with Forbes about how the company expects to expand as more people use the internet. Ken stated:
We’ve innovated what we call security-driven networking, which brings security and networking together across the connected environment. And as companies continue to transition to Internet 2.0, they’ll spend about 10% [of IT budgets] on network security. Eventually, this percent will go higher and higher. It will be 20%, 30%, and 40%. That’s why it’s a very important space, but also growing pretty fast. I do believe it’s a huge potential space.
Ken and his wife are the parents of three children: two sons and a girl. Jamie Xie (@jaimexie), their eldest kid, is a reality television personality and fashion influencer who rose to fame in January 2021 after joining the cast of the Netflix reality series Bling Empire. The cast of the Bling Empire Jamie Xie is a well-known model who has achieved success in the fashion sector. Her estimated personal net worth is $50 million.
Visit BAE Magazine for more interesting stories about your favorite celebs.