The secret: no direct sales force. All Rights Reserved, Photo by Christian Peacock/The Forbes Collection, Reflects change since 5 PM ET of prior trading day.
There has been an error, please check the information you entered and try again. [4] That company provided networking and database services to local businesses. He holds degrees in electrical engineering and Japanese from UC San Diego.
[6] Ubiquiti's early products utilized existing Wi-Fi technology to wirelessly deliver the Internet to underserved areas (e.g., rural areas and emerging markets) lacking the infrastructure to access the Internet through traditional avenues such as phone lines and cable lines. Robert Pera remains committed to keeping the Grizzlies in Memphis and is more active than ever in running the team. In private life, Pera is committed to making a positive change in the community. Robert Pera, billionaire at 33, makes computer hardware with even fatter profit margins than his former employer's. Pera started his career at Apple in 2003, and within 10 months of the job, founded Ubiquiti. Surging stock prices drove huge increases in the multi-billion dollar fortunes of Elon Musk, Jack Dorsey and other fortunate members of The Forbes 400.
The deal values the basketball team at more than three times what the group paid in 2012. © 2020 Forbes Media LLC. Pera uses the strategy of keeping costs low to beat bigger and established competitors like Motorola with respect to price and still get to keep strong profit margins.
Their net worth is a combined $141 billion. You think your week was good? The official sale of the Memphis Grizzlies to Pera was approved on October 25, 2012. Robert Pera, billionaire at 33, makes computer hardware with even fatter profit margins than his former employer’s.
As of December 2014, Forbes estimates that Robert Peraâs net worth is US$ 2.1 billion. After senior high school, Pera attended the University of California, NORTH PARK, where he graduated Phi Beta Kappa with a B. NBA teams have been selling limited partner stakes at premiums. Ubiquiti shares fell nearly 8% on Monday. Currently, he is currently serving as the CEO of Armanino Foods (AMNF), which is an Italian frozen food manufacturer. Edinburg, is a closely knit community which strongly emphasizes the value of providing a good education. Trouble with a Chinese distributor caused the value of Ubiquiti stocks to fall, but Pera is going strong. [4] Pera also played on his high school's basketball team until a heart condition, which has long since resolved, kept him home for a year. Pera also played on his high school's basketball team until a heart condition, which has long since resolved, kept him home for a year. All Rights Reserved. With fresh-faced, rookie hires to lead the next chapter for the Memphis Grizzlies, Robert Pera is banking on what he knows best - prodigious success. He earned undergraduate degrees in electrical engineering and Japanese. Skip to content. Popularly, he is known as the Wireless Wonder. That company provided networking and database services to local businesses. Pera, who bought the NBA's Memphis Grizzlies in 2012, is the youngest controlling owner in the league. Email sent! Message. Previously, he worked at Apple, Inc. as a hardware engineer on the Airport Wi-Fi base station. [5] While working at Apple, Pera noticed that the power sources that Apple's Wi-Fi devices used to throw signals were far below FCC limits. He also got a Masterâs degree in electrical engineering from UC San Diego, specializing in circuit design. Ubiquiti (UBNT) CEO Robert Pera was the Wednesday's biggest loser in our real-time tracking [...]. ROBERT PERA DOWN Editor's note: This post has been updated with new information regarding the allegations about Ubiquiti -which appear to be specious. Robert Pera, the 34-year-old CEO of San Jose-based Ubiquiti Networks who wants to buy the NBA's Memphis Grizzlies for $350 million, is facing a rapidly shrinking net worth. He owns nearly 75% of the publicly-traded firm. Ubiquiti Networks founder Robert Pera, who debuted as one of the youngest members on Forbes World’s Billionaires list in March, is reported to be buying the NBA team for some $350 million. An athlete himself when he was in high school, Robert invests a lot through the Grizzlies Foundation, mostly in youth mentoring and development, preparing young high school graduates for … The 42 sports team owners on The Forbes 400 are worth a combined $271 billion, up 6% over the past year. This enabled him to buy NBAâs Memphis Grizzlies team in 2012 from Michael Heisley for around US$ 350 million. [5] For the next year, Pera spent his nights and weekends in his apartment testing prototypes. He started working at the company full-time in 2005. Ubiquiti, which had $865 million in fiscal 2017 revenues, sells wireless broadband systems with a focus on emerging markets. In October 2011, the company went public and Pera became a billionaire at the young age of 34. Robert Pera's was better. In October 2012, Pera also became the owner of a professional basketball team: The Memphis Grizzlies of the National Basketball Association. Robert J. Pera is the founder and Chief Executive Officer of Ubiquiti Networks, Inc., a software and systems communications technology company. The District has approximately 30,000 students and 3,900 employees. Since its IPO, Ubiquiti's shares have been [...], Robert Pera lost $345 million on Wednesday as stock in his company, Ubiquiti Networks, tanked. Home; Classmates. Pera missed a year of high school because of a rare heart-valve infection. Ubiquiti Networks CEO Robert Pera As the youngest individual on Forbes' Real-Time Billionaires list, Robert Pera, the 34-year-old founder of Ubiquiti Networks, is still learning the ropes.
[11], https://www.bloomberg.com/billionaires/profiles/robert-j-pera/, "Robert Pera: The Kid That Bought the Grizzlies", "Silicon Valley's Newest Billionaire: Wireless Wonder Robert Pera", "Sources: NBA Teams: Memphis Grizzlies Records Year by Year", "Sources: Memphis Grizzlies Playoff History", "Grizzlies Foundation works to provide greater impact for Memphis youth", ESPN article "Deal for Grizzlies reached", Majority team owners in the National Basketball Association, https://en.wikipedia.org/w/index.php?title=Robert_Pera&oldid=985203857, University of California, San Diego alumni, Creative Commons Attribution-ShareAlike License, This page was last edited on 24 October 2020, at 15:56. The ECISD encompasses 945 square miles which makes it one of the largest in the nation. Find a way or make one.
[5] After high school, Pera attended the University of California, San Diego, where he graduated Phi Beta Kappa with a B.S. In this success post, we are going to share the story of Robert Pera, youngest billionaires, and a self-made billionaire of the Slicion Balley. Previously, he worked at Apple, Inc. as a hardware engineer on the Airport Wi-Fi base station. Email Address. [6] The company has since successfully branched out into other product lines such as wireless access points, security cameras and traditional networking equipment (e.g., switches and routers). It offers 3 high schools, 5 middle schools, 27 elementary schools, and 1 alternative campus.
He is the 229th richest man in the United States.
© 2020 Forbes Media LLC. The secret: no direct sales force. He earned undergraduate degrees in electrical engineering and Japanese. Search for: From. Robert E Peary High School.
MEMPHIS, TN - MAY 13: The Memphis Grizzlies mascot waves a giant flag prior to Game Seven of the Western Conference Quarterfinals in the 2012 [...].
[5] When his bosses at Apple ignored his idea, Pera decided to build his own low-cost, high-performance Wi-Fi module. He owns 64% of the company, according to Forbes. Ubiquiti Networks founder now worth an estimated $980 million. Peraâs mother worked as a public relations executive. The official unauthorized independent non-profit website of Robert E Peary High School of Rockville MD. Robert J. Pera is the founder and Chief Executive Officer of Ubiquiti Networks, Inc., a software and systems communications technology company. Billionaire Memphis Grizzlies owner Robert Pera's net worth took a hit Monday falling $248 million to $3.1 billion after explosive claims that his wireless networking gear manufacturer Ubiquiti is a "fraud." Pera has an older sister who studied at the University of California in San Diego.
... Pera missed a year of high school because of a rare heart-valve infection. in Electrical Engineering and a B.A. [7], On June 11, 2012, sources told ESPN.com that Michael Heisley had an agreement in principle to sell the Memphis Grizzlies to Robert Pera. He is a self-made man who won his fortune in the technology industry. His father was involved in business consulting. He stayed on at UC San Diego and co… Pera’s net worth recently dropped below $1 billion as Ubiquiti shares tumbled. It's just a matter of fighting through some short-term adversity and maintaining conviction in the vision. After high school, Pera attended the University of California, San Diego, where he graduated Phi Beta Kappawith a B.S. [2] At the age of 36, Pera earned a spot on Forbes' list of the 10 youngest billionaires in the world. Related by education: University of California, San Diego, Forbes 400 2020: These Billionaires Have Gotten The Richest Over The Past Year, America’s Richest Sports Team Owners 2020: Steve Ballmer On Top As Steve Cohen Prepares To Join Ranks, The NBA’s Billionaire Owners 2020: Navigating Shutdowns And Outcries As The Coronavirus Spreads, Bachelor of Arts/Science, University of California, San Diego; Master of Science, University of California, San Diego. He is ranked at #642 in the Billionaires of the World list. Popularly, he is known as the Wireless Wonder.
Add Memphis Grizzlies owner Robert Pera to the list of people around the NBA using their wealth to help team workers through the league’s indefinite suspension. [9] The Grizzlies team won more playoff games during the first two years of Pera's tenure than it did during the team's 17 previous seasons in the NBA.
[10], Pera is a supporter of the Grizzlies Foundation, a sports charity which operates in Memphis. Ubiquiti creates Wi-Fi amplification systems that give Internet access to a number of people ranging from 10 to 10,000 within a radius of 36 miles. Robert Pera is the founder and CEO of wireless equipment maker Ubiquiti Networks. Robert J. Pera (born March 10, 1978) is the founder of Ubiquiti Networks, Inc. a global communications technology company that Pera took public in 2011. in Japanese Language. Like its founder, Ubiquiti, which held its initial public offering in October, is also experiencing some growing pains.
[5], Pera founded Ubiquiti Networks in March 2005 using only $30,000 of personal savings and credit card debt. He stayed on at UC San Diego and completed his masters in Electrical Engineering with an emphasis on Digital Communications and Circuit Design. That emerged as the theme of The Daily Memphian’s interview with Pera – the product of a longstanding request – during halftime of Friday’s game against the Miami Heat.
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