The founder of the largest web hosting company managed to host more than 82 million domains worldwide.
Bob Parsons He managed to amass a huge fortune by founding the web hosting company, GoDaddy. His business exceeded the 82 million domains This figure made it the largest website registrar in the world. Despite this success, the American stepped down from the leadership of his group to devote himself to investments.
The businessman sold 70% of its conglomeratewhich also includes the companies Wild West Domains and Blue Razor Domainsto a private equity fund in 2011. Since then, he has stepped down from his position as CEO to take on an advisory and counselor role. With the money he obtained from the transaction, he founded the investment company YAM Worldwide and dedicated part of his profits to philanthropy with the formation of the Bob & Renee Parsons Foundation.
The story of Bob Parsons, the billionaire with a difficult past who managed to amass an incredible fortune
Parsons’ life journey deviates from the stereotypes of many billionaires to mark one of the most relevant examples of entrepreneurs of recent decades. The American was born in 1950 in the city of Baltimore and grew up in a difficult environment. His family had financial difficulties due to their low income and for his addiction to gamblingFor these reasons he had to work from a young age delivering newspapers or working a few hours in factories or at a service station.
His temporary jobs, the complications of his home and the lack of motivation affected his performance in his secondary education. His poor stage in adolescence made him decide to enlist in the navy to have a secure job opportunity. His arrival in the United States security forces made him participate in the Vietnam War in 1969In this conflict he was seriously injured and spent more than two months in a hospital.
The difficult moment he suffered made Parsons rethink his life and decide to enter the University of Baltimore in 1975 to graduate with a degree in Accounting and FinanceHis studies allowed him to enter a booming technology market by getting a job as a software salesman. But his economic breakthrough occurred in 1984, when the businessman founded the company Parsons Technology. His business was dedicated to the sale and development of accounting and finance software.
His specialized programs for controlling family finances were a success and in just three years he was able to devote himself completely to his project. His business had more than a thousand employees until sold the company in 1994 to Intuit Inc. for nearly $65 millionWith this money he founded the GoDaddy in 1997 by preventing the popularity of the Internet in all homes.
How much is Bob Parsons’ fortune, according to Forbes
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Inc Magazine
The American managed to amass a multimillion-dollar fortune thanks to technology and the popularization of the Internet. This market allowed him to amass around $3.9 billionaccording to Forbes magazine.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
