He asked Ellison for some time … In 2018, the couple bought Time magazine for $190 million. Marc Benioff is an American entrepreneur, best known as the founder, chairman, and co-CEO of CRM software giant Salesforce. The donation was used to construct the UCSF Benioff Children’s Hospital at Mission Bay, and is the first wing of the 289-bed hospital complex that focuses on … Salesforce CEO Marc Benioff owns approximately 4% of the cloud computing software firm he co-founded in 1999. Marc Benioff is Chair, Chief Executive Officer and Co-Founder of Salesforce and a pioneer of cloud computing. The couple have three children. Updated: 04/16/2018 12:45 PM | First Published: 08/17/2016 11:00 AM. Fortune Magazine named Salesforce as the World's Most Admired Company in the software industry four years in a row, On March 17, 2017, Benioff was included in a business leaders' symposium organized by the. In November 2019, Marc Benioff donated $900,000 to, In October 2020, Marc and Lynne Benioff were named as one of the alliance partners of, Benioff has said that businesses are the greatest platforms for change in the world. [20][21], Benioff founded Salesforce in March 1999 in a rented San Francisco apartment and defined its mission in a marketing statement as "The End of Software. Benioff led a similar movement in February 2016 against Georgia's HB 757, the First Amendment Defense Act. Benioff and his spouse Lynne have pledged $350 million to the University of California, San Francisco, for its children’s hospitals and research. The Marc Benioff and his wife, Lynne Benioff has given most of their charitable money to the San Francisco Benioff Children’s Hospital of the University of California. One of the Best CEOs in the World by Barron's. Billionaire Marc Benioff and his wife, Lynne, are buying Time magazine from the Meredith Corporation for $190 million, the company said in a news release Sunday. He received The Economist's Innovation Award. 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, "Benioffs Donate $100 Million for New Hospital - UCSF Benioff Children's Hospital", UCSF News Center: "UCSF Benioff Children's Hospital, Children's Hospital Oakland Receive $100M Gift From Lynne And Marc Benioff", "YouTuber MrBeast's tree-planting campaign reached its goal of raising $20 million. Benioff and his wife Lynne have pledged $350 million to University of California, San Francisco, for its children's hospitals and research. By Tom Braithwaite, Business Insider: "The rise of Marc Benioff, the flashy billionaire founder of Salesforce" by Matt Weinberger, San Francisco Gate: "Marc Benioff, CEO, makes philanthropy a priority" by Casey Newton, "2014 USC Commencement Speaker Marc Benioff", "ROM Fun: Survey of recent cartridge games", "Apple all-star alumni recall Steve Jobs' lessons", "Salesforce CEO Marc Benioff explains why a Hindu guru and Colin Powell were critical mentors", "The Gospel of Wealth According to Marc Benioff", Salesforce Blog: "Marc Benioff: How to Turn a Simple Idea into a High-Growth Company" By Marc Benioff, USA Today: "Salesforce CEO leads charge against software" By Jack Gruber, "Time Magazine Is Bought by Marc Benioff, Salesforce Billionaire", "World Economic Forum Announces New Batch Of Young Global Leaders (Mark Zuckerberg, Chad Hurley, Kevin Rose And More)", Fortune: "The World's 50 Greatest Leaders" By Geoff Colvin, Fortune: "Vote: Businessperson of the Year - Championship Round" By Fortune Editors, Barron's: "World's Best CEOs" By Andrew Bary, The Economist: "And the winners were..." By The Economist Staff, "Forbes Announces Third Annual List Of The World's 100 Most Innovative Companies", "Why Salesforce.com Ranks #1 On Forbes Most Innovative List", "Salesforce.com named the "World's Most Innovative Company" by Forbes Magazine", "The World's Most Admired Companies for 2018", "Salesforce CEO Benioff discussed women's pay with Trump at White House meeting", "National Academy of Engineering Elects 86 Members and 18 Foreign Members", "Winners see business as a tool for change", "Salesforce CEO Marc Benioff: The big giver", "No. He was also named Businessperson of the Year by Fortune readers. Lynne Benioff is a philanthropist, active on the boards of several organizations. He was known as computer geek among his friends and teachers. Lynne Benioff is the wife of American billionaire Internet Entrepreneur and author Marck Benioff. As of June 2020, His net worth is estimated to be around $8 billion. Forbes pegs Mr. Benioff’s net worth at $9.4 billion. The whole world knows how generously he and his wife have involved in philanthropies. Marc is a self-made billionaire, who had made millions within his mid-20s. [2] At 23, he was named Oracle's Rookie of the Year and three years later, he was promoted to vice president, the company's youngest person to hold that title. At 31, with all the success Benioff had, he felt lost. We use cookies to analyze traffic, provide social media features and to personalise ads. He and his wife, Lynne Benioff, contributed $100 million to … OVERVIEW: Along with his wife Lynne, Marc Benioff has been a major donor to Bay Area hospitals. [26], Benioff supported Hillary Clinton for President of the United States in the 2016 presidential election. Salesforce CEO Marc Benioff and wife donating $30 million to create a research group to study homelessness, the biggest such private donation of its kind ever in the U.S. He lives in San Francisco, California with his wife, Lynne (with whom he bought Time magazine in 2018). The couple is paying $190 million … [8] He graduated from Burlingame High School in 1982. Statistics cookies are lorem ipsum dolor sit amet. Ever since this couple has made their way throughout the world involving themselves in various humanitarian deeds. [23] He hired and planted fake protestors and a fake news team, Channel 22, at Siebel's conference in 1999. Of the three notable donations they gave to the hospital, the biggest was a hundred million dollars pledge to support research & clinical care at the hospital. Unfortunately, Lynne’s personal life, her parents and age is not available at the moment. Marc Russell Benioff is an American Internet entrepreneur an… Marc Benioff with his wife, Lynne His company was named one of the World’s Most Innovative Companies by the Forbes Magazine for five years consecutively. Marc Benioff is married to Lynnie Benioff and the couple lives with their two children in San Francisco, California. Marc Benioff was born 25thSeptember, 1964 in San Francisco, California, US. Marc Russell Benioff (born September 25, 1964) is an American internet entrepreneur, with a net worth of $7.8 billion as of May 2020[update]. Marc Benioff's House (Google Maps). Enter Marc Benioff, founder and co-CEO of Salesforce, the city's largest employer.Declaring that “our city is in a crisis,” he threw his full support behind the … In 2014, their third child – a baby boy – … [2] He is the founder, chairman and CEO of Salesforce, an enterprise cloud computing company. In September 2020, Benioff won the Oslo Business for Peace Award. Benioff… They are said to view the acquisition as … Select cookie types you want to enable: [Show Details]. [12] He is married to Lynne Benioff and has two children. Benioff and his wife, Lynne, have focused their philanthropy on childrens health, the environment, public education and home… The decision came after Salesforce CEO Marc Benioff and his wife Lynne Benioff bought Time in 2018 from magazine conglomerate Meredith Corp, which had acquired Time Inc. in 2017. He follows the World Economic Forum founder, In March 2015, Benioff announced Salesforce would cancel all employee programs and travel in the state of Indiana after the passing of SB 101, the. Information related to his family life, including his pre-marital and post-marital happenings have been very less publicized. His father was Russell Benioff, founder of the biggest chain of apparel stores in San Francisco. In April 2015, Benioff announced that he would be reviewing all salaries at Salesforce to ensure men and women were being paid equally for comparable work. The $30 million contribution by tech billionaire Marc Benioff and his wife, Lynne Benioff, is the largest-ever private donation to fund homelessness research, according to UCSF. Marc Benioff, co-CEO and co-founder of Salesforce.com, and his wife, Lynne, are the new owners of Time magazine. [19], Before starting his company, Mata Amritanandamayi, a Hindu guru, and Colin Powell were critical mentors for him. • Benioff is a Chairman of Salesforce.com Foundation, a charity established in 2000, and created the 1-1-1 model of integrated corporate philanthropy, by which companies contribute 1 percent of equity, 1 percent of employee hours and 1 percent of product back to the community. Teachers of Burlingame High School us… Marc Benioff TechCrunch Disrupt The last gift Steve Jobs ever gave him was a book. Jobs gave it to all the family and friends who attended his memorial, a service that Jobs planned himself. Of the three notable donations they gave to the hospital, the biggest was a hundred million dollars pledge to support research & clinical care at the hospital. Her husband Marc has recently decided to buy a TIME for $190 million. He's also a fan of the music of Texan soul singer Leon Bridges, and a distant cousin of Game of Thrones co-creater David Benioff. He served as co-chairman of the President's Information Technology Advisory Committee from 2003 to 2005. Here's the list of prominent people who have donated, including Elon Musk, Jeffree Star, and even the CEO of YouTube", "Marc Benioff just planted 900,000 trees and brought us over 14 million!!!!!!!!!!!!! ", The Huffington Post: "Businesses Are the Greatest Platforms for Change" By Marc Benioff, 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, 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, The Huffington Post: "Salesforce CEO Takes Radical Step To Pay Men And Women Equally" By Emily Peck, "Salesforce CEO Marc Benioff pledges $1,000,000 donation to March for Our Lives", "Salesforce CEO: tech billionaires 'hoard their money' and won't help homeless", "Hillary Clinton racks up business endorsements", "21 other CEOs we'd like to see run for president 7 - Page 7", https://en.wikipedia.org/w/index.php?title=Marc_Benioff&oldid=994631259, LGBT rights activists from the United States, Articles containing potentially dated statements from May 2020, All articles containing potentially dated statements, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, In 2016, Fortune magazine named him one of the World's 50 Greatest Leaders for his. Marc Benioff and his wife Lynne Benioff has been married for years. Salesforce CEO Marc Benioff, a city native, has embraced homelessness as a philanthropic cause, pumping millions into a 2018 city measure to tax wealthy companies to pay for homeless services. They Have Three Children. Published Sat, Jun 23 2018 9:28 AM EDT Updated Sat, Jun 23 2018 10:48 AM EDT. In March 2018, Benioff announced that he would be donating $1 million to, This page was last edited on 16 December 2020, at 18:42. In 2016, Benioff and his wife, Lynne, launched the Benioff Ocean Initiative at the University of California, Santa Barbara to study marine life. [3] As of June 2020, he owned 3.36% of Salesforce shares, worth $4.8 billion. Salesforce was also named as the World’s Most Admired Company in the software industry by the Fortune Magazine. Mr. Benioff, who has deep roots in the city, likewise dominated local discourse, challenging the other tech chiefs to step up. The family lives in San Francisco, California. He also advocates for greater support from the tech community for education and anti-poverty programs. Since 2010, Marc and Lynne have given $250 million to University of California at San Francisco, building UCSF Benioff Children’s Hospitals in both … Marc’s mother is Joelle Benioff. Marc Benioff and his wife Lynn have purchased Time Magazine For $190 million, making it the latest publication to be purchased by a billionaire on the west coast. They also pledged $50 million to fight against behavioral, biological & social factors, related premature births and $3.5 million to support programs to teach the new parents about the importance of talking to their babies. The Sabbatical. He is the creator of the term "platform as a service" and has extended Salesforce's reach by allowing customers to build their own applications on the company's architecture or in the Salesforce cloud. In June 2010, they announced a $100-million gift to UCSF Children's Hospital. "[22] This was a slogan he used frequently to preach about software on the Web, and used as a guerilla marketing tactic against the dominant CD-ROM CRM competitor Siebel at the time. Salesforce changed into a pioneer in website hosting its software online, as a substitute than installing it in clients’ laptop systems. Benioff is a Chairman of Salesforce.com Foundation, a charity established in 2000, and created the 1-1-1 model of integrated corporate philanthropy, by which companies contribute 1 percent of, Benioff and his wife Lynne have been recognized as top philanthropists by Forbes' America's 50 Top Giver list in 2015. In 2014, Marc and Lynne Benioff donated another $100 million to UCSF and Oakland Children's Hospital (both now called Benioff Children's Hospitals). However, it is known to all that he and his wife have together involved in many philanthropic activities. He has come from Jewish family. The CEO of Salesforce, Benioff seems secretive about his personal life as he has still managed to keep his personal stuff including his family life out of media limelight. Marc’s struggles and enthusiasm since an early age reveals an ideal story to the world. He announced that Salesforce would reduce investments in Georgia and cancel an annual conference if the bill was passed as-is. Benioff is also a member of the World Economic Forum Board of Trustees. Marc Benioff completed his graduation in 1982 from Burlingame High School. [24] He has long evangelized software as a service as the model that would replace traditional enterprise software. The two share a great-grandfather, Isaac, but had never met until the 2015 Game of Thrones premiere gala held in San Francisco. [25], On September 16, 2018 Marc and his wife Lynne bought Time for $190m. Mr. Benioff, who has deep roots in the city, likewise dominated local discourse, challenging the other tech chiefs to step up. The Benioffs donated more than $10 million to establish the initiative in 2016. [4], Benioff was raised in a Jewish family[5][6] long established[7] in the San Francisco Bay Area. The couple’s charitable activities began several years before in 2008 when they welcomed their daughter battling with the complicated pregnancy at UCSF hospital. Marc Benioff, Oprah and 3 other business leaders say this habit is key to their success. In June 2015, President Obama introduced 3 new members to the board that helps run the national park including Ms. Benioff. [10][11], Marc is a second cousin of showrunner and television producer David Benioff. Benioff is the billionaire founder of salesforce.com, a cloud computing company. At 15 years old, he founded Liberty Software, creating and selling games such as Flapper for the Atari 8-bit. [63] He was included in the ZDNet's 2017 list of "21 other CEOs we'd like to see run for president". [64], He was also part of MAchar AZA #1887 in the organization BBYO, Salesforce.com Developers Conference keynote, May 21, 2007, "The rise of Marc Benioff, the bombastic Salesforce CEO and owner of Time Magazine, who has a $6.5 billion fortune and owns a 5-acre compound in Hawaii", Jerusalem Post: "Jews take 5 of top 6 spots in annual list of top US givers" By JACOB BERKMAN, Jewish Philanthropy: "Jewish Philanthropy 2.0", Financial Times: "Why can't San Francisco's tech culture solve the city's social problems?" On day 1, Benioff created the 1-1-1 model of philanthropy, which leverages the resources of Salesforce to improve communities around the world. [3], While still in high school, Benioff sold his first application, How to Juggle, for $75. Instantly after this gloomy incident, the generous couple decided to contribute $20 million to the hospital without public announcement. Marc and Lynne Benioff's $30 million gift for homelessness research is the largest ever for this field of study. Marc is brought up with his two siblings, Julie and Jill in the metropolitan area of San Francisco. Under Benioff’s leadership, Salesforce is the #1 provider of Customer Relationship Management (CRM) software globally. Apart from being a major benefactor along with her husband in the foundation of UCSF, she also has a membership of numbers of local boards. We also share information about your use of our site with our analytics, social media and advertising partners who may combine it with other information that you've provided to them or that they've collected from your use of their services. The cash deal is expected to close within 30 days. She is a distinguished director of the board of Overseers of the University of California San Francisco Foundation, and serves on the board of directors of The Rise Fund, UCSF Benioff Children’s Hospitals, Common Sense Media, the Benioff Ocean Initiative, and Forward. Necessary cookies are lorem ipsum dolor sit amet. He and his wife, Lynne Benioff, contributed $100 million to a new children’s hospital. Marc Benioff's huge net worth & salary is the result of his entrepreneurship & leadership style. Social Media Features cookies are lorem ipsum dolor sit amet. In 2010, Marc and his wife Lynne announced that they would be donating $110 million to the UCSF Children’s Hospital. WE ARE SO CLOSE! Additionally, through Salesforce Foundation, he is a leading pioneer in corporate philanthropy. Benioff and his wife, Lynne, paid $190 million to acquire Time from Meredith Corp., the Wall Street Journal reported. [18] He expected to continue programming after college, but USC professors advised Benioff to obtain customer-oriented work experience and he joined Oracle Corporation after graduation in a customer-service role. [13][14][15] Epyx published his King Arthur's Heir, The Nightmare, Escape from Vulcan's Isle, and Crypt of the Undead,[16][17] and by 16, Benioff was earning royalties of $1,500 a month, enough to pay for college. [15] Prior to founding Salesforce, Benioff was at Oracle for 13 years in a variety of executive positions in sales, marketing, and product development. The Marc Benioff and his wife, Lynne Benioff has given most of their charitable money to the San Francisco Benioff Children’s Hospital of the University of California. Building a different kind of company, Benioff created Salesforce to not only develop great products, but also to have a positive impact on the world. What's more, the couple has been long-time Democratic contributors along with a writer Robert Mailer Anderson. The news comes despite Benioff — who with his wife, Lynne, shelled out $190 million to scoop up Time magazine in 2018 — denying in August that Salesforce was pursuing any acquisitions. Advertisement cookies are lorem ipsum dolor sit amet. Salesforce has been named one of the World's Most Innovative Companies five years in a row by Forbes Magazine. [15], While at USC, Benioff had internships as an assembly language programmer at the Macintosh division of Apple Computer. However, Marc Benioff’s family life and marriage detail are still under wrap. [9] Benioff received a Bachelor of Science in business administration from the University of Southern California in 1986, where he was a member of the Tau Kappa Epsilon fraternity. We also share information about your use of our site with our analytics, social media and advertising partners who may combine it with other information that you've provided to them or that they've collected from your use of their services. Today, more than 5,000 companies have adopted the 1-1-1 model through the Pledge 1% movement. $ 8 billion 's Hospital as co-chairman of the Year by Fortune readers to enable: [ Show ]. Row by forbes Magazine after this gloomy incident, the couple bought Time Magazine for $ 190 to. Time for $ 190 million to acquire Time from Meredith Corp., the couple has been long-time Democratic Along! He asked Ellison for some Time … the Benioffs donated more than 5,000 companies have adopted 1-1-1... As computer geek among his friends and teachers software as a service that planned. Fake news team, Channel 22, at Siebel 's conference in 1999 Chair Chief. 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Gave it to all that he and his wife, Lynne ’ s net worth is estimated be... Benioff was born 25thSeptember, 1964 in San Francisco, California, US cookie types you want enable! Felt lost the Fortune Magazine and anti-poverty programs a fake news team, Channel,! He asked Ellison for some Time … the Benioffs donated more than 5,000 companies adopted! Reduce investments in Georgia and cancel an annual conference if the bill was passed...., as a service as the founder, chairman, and Colin Powell were critical mentors for.. Be donating $ 110 million to acquire Time from Meredith Corp., the generous decided...