Net Worth: $700 Million
- Source of Wealth TIBCO Software Inc., Sacramento Kings and Golden State Warriors
- Birth Place Mumbai, India
- Full Name Vivek Y. Ranadive
- Nationality India
- Date of Birth October 7, 1957
- Occupation Founder, Chairman and CEO of TIBCO Software Inc.
- Education Massachusetts Institute of Technology and Harvard University
- Children Aneel, Andre and Anjali
Vivek Ranadive is an Indian businessman, engineer, author, speaker and philanthropist with an estimated net worth of $700 million.
He was born on October 7, 1957 in Mumbai, India. While growing up, he dreamed of attending the Massachusetts Institute of Technology (MIT). He was accepted at MIT when he was sixteen, unable to attend due to the Indian government’s then-policy during the 70s of not releasing foreign currency to citizens wanting to study abroad. He camped outside the Reserve Bank of India, which eventually released the required foreign exchange worth one quarter of the tuition, leaving him with less than $100 in pocket for Boston.
Ranadive earned both his Bachelor’s and Master’s Degree in Electrical Engineering at MIT. He then earned his MBA from Harvard University in 1983 as a Baker Scholar. While at MIT, he started his first company, UNIX consulting company. After college, he immediately worked for Ford, M/A-com Linkabit and Fortune Systems.
Vivek became the founder and the head of Teknekron Software Systems in 1985. He pioneered and developed the idea of the “software bus” which later became known as “The Information Bus” or TIB which is credited with digitizing Wall Street in the 1980s. He then went on to found TIBCO Software Inc. in 1997, a multi-billion dollar real-time computing company. He currently serves as the Chairman and Chief Executive Officer.
Vivek Ranadive leads the ownership group for the Sacramento Kings in the National Basketball Association (NBA) along with Ron Burkle and Mark Mastrov. He is the co-owner and vice-chairman of the Golden State Warriors of the NBA. He also serves on the Board of Directors of Nielsen Holdings N.V. and on the Supervisory Board of The Nielsen Company B.V.