Some Lesser Known Facts About Marc Benioff. I am sure Batkid would like a ride! [3][7], On September 16, 2018, Marc and his wife Lynne bought Time for $190 million. The tech billionaire has since bought several lots near his house, ostensibly to increase his privacy. Benioff also said he's pleased with Salesforce's operating cash-flow performance and projections. 16-year-old student killed in violent altercation at Santa Rosa's Californias storms arent letting up. In addition to the donation of art, Benioff has committed to funding 100 percent of Red Cross emergency relief efforts related to the eruption of the Kilauea volcano. Several good earnings reports and sunny growth prospects have made the stock leap from one all-time high to another, with shares in the company now trading near historic highs of over $73. I was very successful. [67], In an October 2018 interview with The Guardian, Benioff criticized other technology industry executives for "hoarding" their money and refusing to help the homeless in the San Francisco Bay Area. Bloomberg reported in 2018 that Benioff's fascination with Hawaii - and his decision to embed components of Hawaiian culture into Salesforce's company culture - led some employees to call the company out for appropriation. The past few months have been spectacular for billionaire Marc Benioff and his 16-year-old company, Salesforce. pic.twitter.com/gOiDxrn3H2. Ryan Aytay. Marc sponsors free concerts annually. [68] In November, Benioff announced his support for San Francisco's Prop C measure that would increase taxes on large corporations to aid unhoused residents in the city. Jobs was his adviser. Its a spiritual item, Benioff told the Chronicle. [8] Benioff worked at Oracle for 13 years in a variety of sales, marketing, and product development roles. But admirers now see him becoming Silicon Valley . In 1979, at age 15, he founded his first company, Liberty Software, which wrote Atari video games. No wonder Marc Benioff, Jack Dorsey, George Soros, Don and Doris Fisher and Tom Steyer snatched up homes when they could. [3][8], While in high school, Benioff sold his first application, How to Juggle, for $75. This was a departure from his philanthropic endeavors. [8] In 1979, when he was 15, Benioff founded Liberty Software, creating and selling games such as Flapper and King Arthur's Heir for the Atari 8-bit. Art Advisory Panel, which would recommend a true market value. 10 (tied): Marc R. and Lynne Benioff", The Chronicle of Philanthropy: "Young Tech Donors Take Leading Role in Philanthropy 50" By Alex Daniels and Maria Di Mento, The Chronicle of Philanthropy: "Bequests Put Conservative Billionaire Richard Scaife Atop List of America's 50 Biggest Donors" By Maria Di Mento and Drew Lindsay, indiana Business Journal: "Salesforce CEO: We're canceling travel to Indiana" By Jared Council, The Huffington Post: "The CEO Who Took On Indiana's Anti-LGBT Law And Won" By Alexander C. Kaufman, The Huffington Post: "Salesforce CEO Takes Radical Step To Pay Men And Women Equally" By Emily Peck, Fortune: "Salesforce CEO Marc Benioff Battles Georgia Over Gay Rights" By Jonathan Vanian, Atlanta Journal-Constitution: "BREAKING: Nathan Deal vetoes Georgia's 'religious liberty' bill" By Greg Bluestein, "Salesforce CEO: tech billionaires 'hoard their money' and won't help homeless", "Marc Benioff says he had rabbis and imams supporting the Prop C homelessness tax but not tech CEOs", "Salesforce to help workers leave states over abortion laws", "Salesforce offers to relocate employees and their families after Texas abortion law goes into effect", "The Gospel of Wealth According to Marc Benioff", https://en.wikipedia.org/w/index.php?title=Marc_Benioff&oldid=1140555626, This page was last edited on 20 February 2023, at 16:41. Benioff, the high-profile co-CEO, took a sabbatical after nearly a decade at Oracle, "rented a beach hut on the Big Island of Hawaii, swam with dolphins and embraced the spirit of Aloha,". Furthermore, the city is a popular tourist destination and is a great place to live an extraordinary life. Benioff came up with an idea that has generated millions of dollars for charitable causes from hundreds of tech companies. Last fall, a fact-finding delegation of curators from the Bishop Museum visited experts in London and Paris, including Mr. Meyer, to investigate the history of the sculpture. SEE ALSO:Marc Benioff has taken to wearing an American flag pin what could it mean? Jill Tucker is a San Francisco Chronicle staff writer. While an executive at Oracle, he decided to take a sabbatical and rented a beach hut on the Big Island of Hawaii. I had what I thought I wanted. He came from a well-to-do family. [24][25][26], Benioff is a member of Business Roundtable, an advocacy group of CEOs, and the Business Council. We're still learning about who Marc Benioff really is as a person. Most of that wealth comes from the company he founded, Salesforce.com, where he is CEO. The company also regularly invites Hawaiian singers and dancers to perform at conferences and events. Having been bought at auction for more than $50,000, the sculpture would have to be appraised by the I.R.S. SaaS almost died at birth. Melia Robinson/Business Insider and Christie's. 33. It's possible that he enjoys living a normal life whenever he can. Despite Benioff not having any actual ties to Hawaii apart from owning property there, his obsession with the island state is now a key cultural foundation for Salesforce. [31] In 2009, he co-wrote Behind the Cloud: The Untold Story of How Salesforce.com Went from Idea to Billion-Dollar Company and Revolutionized an Industry, also with Carlye Adler. He also owns a 5-acre estate on the Big Island, which he purchased for $12.5 million in 2000 and constructed over several years. Salesforce CEO Marc Benioff owns about 4% of the cloud computing software firm he cofounded in 1999. A San Francisco native, Benioff chose that city as the headquarters for Salesforce, which grew to be the largest tech employer there. [18], Benioff also serves on the World Economic Forum's Board of Trustees and USC Board of Trustees. Marc Benioff is an American businessman, author, and philanthropist who has a net worth of $6.7 billion dollars. But he says he's not a Democrat: "I'm not a Democrat and I'm not a Republican. Lynne Krilich is his wife. Salesforce CEO Marc Benioff paid $7 million to buy a carving of the Hawaiian god Ku at auction. The issue could be given closure if Mr. Benioff were to claim a charitable tax deduction for his $7.5 million donation to the Bishop Museum. Marc Benioff I have been on hundreds of panels. And this fund-raising has helped get other tech moguls, such as Bill Gates, to contribute. Lot 153 in Christies sale was cataloged as Hawaiian figure, kona style, circa 1780-1820, representing the god of war, ku ka ili moku. Hitherto unknown, with no documented history of ownership, the 21-inch sculpture, carved from wood of the Hawaiian metrosideros tree, was thought to have been acquired by Pierre Vrit from the dealer and collector Marie-Ange Ciolkowska during the 1940s, according to Christies. But, because Salesforce is on fire,Benioff wanted $70 billion, reports said, and the negotiations fell through. Salesforce CEO Marc Benioff and his wife,. In order to improve our community experience, we are temporarily suspending article commenting, Marc Benioff keeps one of these $40,000 amphibious vehicles at his house in Hawaii. The Christies sale in Paris was the last of several from the fabled private collection of Pierre Vrit and his son Claude, both highly regarded dealers in tribal art. "That new kind of . When he travels, he prefers B&B accommodations. Additionally, we post on luxury, real estate, and celebrity homes on our Instagram, Twitter, Facebook, Pinterest, TikTok, and YouTube. Similar pieces are found only in museums, said Susan Kloman, head of African and Oceanic Art at Christies, in a description of the piece prior to the auction. Marc Benioff is a well-known internet entrepreneur born in San Francisco, California, on September 25, 1964. Some international experts say the piece could be from the 20th century and worth less than $5,000. Salesforce founder and CEO Marc Benioff, one of the prominent billionaires who own second homes in Hawaii, has a message on Twitter for the state that he's calling "Hawaii 5-0: Steps to 0. Furthermore, please leave your thoughts and comments below. Melanie Ide, the museums president and chief executive, said the museum was aware of a question about its history and provenance, adding that curators were doing additional research. The wood has been scientifically analyzed, she said, adding that further testing may be informative.. Stay up to date with what you want to know. During corporate retreats in Hawaii, he leads his executive team into the surf . Corporate conference rooms have names like Maka Launa or Hala Kahiki, and the top floors of buildings, including the one on San Franciscos new Salesforce Tower, are called the Ohana, or family, floor. Benioff was born in San Francisco, the fourth generation of his family born there. Three years later, he became the youngest person in the company's history to earn the title of vice president. But it was ``a big deal,'' he said. It's unclear how it got to Paris, though the museum said it resembles another idol which was brought back to Europe by British missionaries who visited Kona in 1822. The museum in Honolulu houses Hawaiis largest collection of Polynesian cultural artifacts and natural history objects. A 73-acre oceanfront property on Maui's north shore has come on the market for the first time ever. Unit 6807-09, The Center; 99 Queen's Road Central; Hong Kong; Contact Us. Great to see @Sfpd @SFPDChiefSuhr making good use of the @GibbsSportsAmp Quadski. Jesse W. Stephen/Bernice Pauahi Bishop Museum. A 200-year-old carving of the war god Ku has returned home to Hawaii after spending untold years abroad and in the hands of private collectors. . Its an incredible discovery, she added. Benioff, who also co-founded Salesforce, previously told CNBC he expects about 50% to 60% of the company's staffers to work remotely post-Covid, up from about 20% before the health crisis. [51], In March 2020, Benioff procured 50 million pieces of personal protective equipment for hospitals and COVID-19 first responders in the United States. [3] At 23, he was named Oracle's Rookie of the Year. [4], In 2019, Benioff started Time Ventures, a venture capital fund that has invested in multiple companies, including Commonwealth Fusion Systems, Universal Hydrogen and NCX. Benioff gave his keynote anyway, at a nearby hotel. The tech billionaire Marc Benioff donated the statue to a museum in Honolulu. He has owned plenty of other real estate, especially various homes in San Francisco. Benioff said he only learned of the piece a day before it went up for auction when Danny Akaka, Jr., Hawaiian cultural practitioner and Bishop Museum board member, called to ask for the billionaire's help. [17] Benioff extended Salesforce's offerings in the early 2000s with the idea of a platform that allowed developers to create applications. The post Marc Benioff keeps one of these $40,000 amphibious vehicles at his house in Hawaii appeared first on Business Insider. The best-known episode was when Ellison kicked Benioff out of the keynote spot at Oracle's conference. He owns an estate. [8] Benioff received a Bachelor of Science in business administration from the University of Southern California, where he was a member of the Tau Kappa Epsilon fraternity, in 1986. After a bit of deliberation, the board ended up accepting the gift for use by emergency personnel. Moreover, the residence is surrounded by various other charming houses. Access your favorite topics in a personalized feed while you're on the go. Years ago, before Salesforce.com's IPO, he rented out the San Francisco Giants' stadium and threw a $250,000 party featuring the B-52s. Benioff is an active angel investor who has backed a dozen or more companies. ``This is a very, very big deal.''. SIMPLY PUT - where we join the dots to inform and inspire you. Salesforce chief executive Marc Benioff, and his wife Lynne, purchased the rare piece at a November Christie's auction in Paris, paying more than $7 million for the figure, which is less than. After all, that's why he came to Hawaii in the first place. Benioff built a huge compound on the island of Hawaii, the state's largest island. Earlier that year, Benioff vacationed at a Fiji hotel owned by Robbins where a group of 20 people jumped off a bridge at midnight, plunging 60 feet into a rushing river, Benioff told attendees of TechCrunch Disrupt. "There would be no Salesforce.com without Steve Jobs, Benioff said at TechCrunch Disrupt last year. as well as other partner offers and accept our. . Salesforce CEO Marc Benioff loves all things Hawaii. [53] In April 2021, Benioff and Salesforce sent a plane filled with medical supplies to India to help the country handle the COVID-19 pandemic. Startups vow to donate 1% of their equity, 1% of their products, and 1% of their employees' time to charity. Marc benioff house: 5-acre estate in Hawaii: Marc benioff wife: Lynne Benioff: Marc benioff children: N/A: Marc benioff book: Behind the Cloud: The Untold Story of How Salesforce.com Went from Idea to Billion: Marc benioff quotes: You must always be able to predict what's next and then have the flexibility to evolve. Even though Salesforce is 16 years old and the Big Kahuna in its market, its fast growth rate is making investors love it. Also, the couple is blessed with two children. '', ``When I first saw this figure I was astonished -- really speechless,'' she said. Salesforce, which makes software to help companies sell better, became a hard-driving and influential tech company, the biggest employer in San Francisco. [55] In October 2021, Benioff pledged a $200 million donation to plant trees and fund ecologically-focused entrepreneurs. When Salesforce CEO Marc Benioff designed the layout of his company's flagship new building in San Francisco, he brought in Buddhist monks for help. When he threw a fund-raiser for President Obama at his San Francisco home, his friend Stevie Wonder wrote a special song and sang it at the party, USA Today reported at the time. He also owns a. # 338 Marc Benioff $6.89B Random fact: Owns a 7,600-square-foot home in Hawaii. AP Photo/Ben Margot. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. Benioff got in a bidding war and ultimately paid $7 million for the idol,according to the San Francisco Chronicle. His company incorporates the aloha spirit a belief in treating others with love and respect that translates into a corporate mission that includes spending 1 percent of its profit on philanthropic endeavors. Benioff, 58, became a philanthropist, an . He also owned 23 acres of undeveloped land on the Waikoloa Beach Resort, which recently sold for $16 million. Marc Benioff House: The San Francisco Pad. 5. He also owns a. This was a departure from his philanthropic endeavors. Check out this video to see the Quadski in action. The San Francisco couple then donated the piece to the Bishop Museum in Honolulu, which announced the acquisition this week. 23 of the most powerful women engineers in the world>>. The Benioffs, who own land in Hawaii, donated the carving to Bishop Museum in Honolulu, where they felt it belongs. The SFPD even took one of the Quadskis out for a spin last weekend. October 12, 2020. INSIDE DESIGN The epic California snowpack is inching toward record levels. But Oracle still thinks of Salesforce as a major competitor, and Benioff doesn't hang out with Ellison in Hawaii, he once said. But Julian Harding, a respected private dealer and expert in Pacific Island artifacts, said in by telephone last week that he remained convinced that the wooden war god was a masterpiece of Oceanic art., If I had $7 million to spend, he added, I would have spent it on that figure.. He spoke out on TV against the law, canceled events, and even helped one employee move out of the state. He still gets sentimental for those days. I was concerned that its history only went back to the 1930s.. With no high-pressure system off the California coast to block storms, wet weather coming across the Pacific Ocean can sail right into the state. The museum plans to make the carving a centerpiece in a new exhibition opening in February. He wears Hawaiian shirts to work and even named his dog "Koa," a word that means "daring warrior" in the native tongue. 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