Nick Hillary is an American entrepreneur and investor. He is the co-founder and former CEO of software company Red Hat. As of 2023, Nick Hillary’s net worth is estimated to be around $500 million.
Hillary’s wealth comes from his success in the tech industry. He co-founded Red Hat in 1993 and served as its CEO until 2008. Under his leadership, Red Hat became one of the leading providers of open-source software in the world. Hillary also invested in several other tech startups, including Xamarin and CloudBees.
In addition to his business ventures, Hillary is also a philanthropist. He has donated millions of dollars to various charities and educational institutions. He is also a strong advocate for open source software and has worked to promote its adoption around the world.
Nick Hillary Net Worth
Nick Hillary’s net worth is estimated to be around $500 million. This wealth has been accumulated through his success in the tech industry, particularly through his co-founding of Red Hat, a leading provider of open-source software.
- Co-founder of Red Hat
- Former CEO of Red Hat
- Investor in tech startups
- Philanthropist
- Advocate for open source software
- Estimated net worth of $500 million
- Self-made millionaire
- Tech industry leader
Nick Hillary’s success is a testament to his hard work, dedication, and vision. He has been a pioneer in the tech industry and has helped to shape the way we use software today. His net worth is a reflection of his success and his contributions to the tech industry.
Co-founder of Red Hat
Co-founding Red Hat was a major factor in Nick Hillary’s net worth. Red Hat is a leading provider of open-source software, and Hillary’s role in co-founding the company gave him a significant stake in its success. Under his leadership as CEO, Red Hat grew to become one of the most successful tech companies in the world. As a result, Hillary’s net worth increased significantly.
Red Hat’s success was due in part to its focus on open-source software. Open-source software is freely available to use and modify, which makes it a popular choice for businesses and organizations. Red Hat’s expertise in open-source software allowed it to develop and sell products that met the needs of its customers. As a result, Red Hat became a major player in the tech industry, and Hillary’s net worth grew accordingly.
Today, Red Hat is a publicly traded company with a market capitalization of over $30 billion. Hillary is no longer the CEO of Red Hat, but he remains a major shareholder in the company. His stake in Red Hat is a significant part of his net worth, and it is a testament to his success as a co-founder of the company.
Former CEO of Red Hat
Nick Hillary’s role as the former CEO of Red Hat has had a significant impact on his net worth. As the CEO of Red Hat, Hillary was responsible for the company’s overall strategy and operations. Under his leadership, Red Hat grew from a small startup to one of the leading providers of open-source software in the world.
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Salary and bonuses
As the CEO of Red Hat, Hillary received a salary and bonuses that were commensurate with his position. These earnings contributed to his net worth.
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Stock options
As the CEO of Red Hat, Hillary was also granted stock options. These options gave him the right to purchase shares of Red Hat stock at a set price. When the value of Red Hat’s stock increased, Hillary’s stock options became more valuable. He was able to exercise these options and sell the shares for a profit, which increased his net worth.
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Reputation
Hillary’s success as the CEO of Red Hat also enhanced his reputation in the tech industry. This reputation led to other opportunities, such as board positions and speaking engagements. These opportunities have also contributed to his net worth.
Overall, Hillary’s role as the former CEO of Red Hat has had a significant impact on his net worth. His salary, stock options, and reputation have all contributed to his wealth.
Investor in tech startups
Nick Hillary’s investments in tech startups have contributed to his net worth. He has invested in a number of successful startups, including Xamarin and CloudBees. These investments have generated significant returns, which have increased Hillary’s net worth.
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Early-stage investments
Hillary has a track record of investing in early-stage tech startups. He looks for companies with strong teams and innovative products. He has invested in a number of startups that have gone on to become successful businesses, such as Xamarin and CloudBees.
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Long-term investments
Hillary is a long-term investor. He believes in the potential of tech startups and is willing to invest in them for the long term. He has held onto his investments in Xamarin and CloudBees for many years, and has seen significant returns on his investments.
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Strategic investments
Hillary’s investments in tech startups are often strategic. He looks for companies that can complement Red Hat’s business. For example, his investment in Xamarin helped Red Hat to expand its reach into the mobile market.
Overall, Hillary’s investments in tech startups have been a major factor in his net worth. He has a track record of investing in successful startups, and he has held onto his investments for the long term. As a result, he has generated significant returns on his investments.
Philanthropist
Nick Hillary is a philanthropist who has donated millions of dollars to various charities and educational institutions. His philanthropic efforts have contributed to his net worth in a number of ways.
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Tax benefits
When Hillary donates to charity, he receives a tax deduction. This reduces his taxable income, which saves him money on taxes. As a result, he has more money available to invest and grow his net worth.
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Reputation
Hillary’s philanthropy has enhanced his reputation as a generous and caring individual. This reputation has led to other opportunities, such as board positions and speaking engagements. These opportunities have also contributed to his net worth.
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Personal satisfaction
Hillary’s philanthropy gives him a sense of personal satisfaction. He knows that he is making a difference in the world, and this makes him feel good about himself. This personal satisfaction can contribute to his overall well-being, which can have a positive impact on his net worth.
Overall, Hillary’s philanthropy has had a positive impact on his net worth. His donations have saved him money on taxes, enhanced his reputation, and given him a sense of personal satisfaction. These factors have all contributed to his overall well-being and financial success.
Advocate for open source software
Nick Hillary is a strong advocate for open source software. He believes that open source software is more secure, reliable, and cost-effective than proprietary software. He has worked to promote the adoption of open source software around the world.
Hillary’s advocacy for open source software has had a positive impact on his net worth. Red Hat, the company he co-founded, is a leading provider of open-source software. The company’s success has contributed significantly to Hillary’s net worth.
In addition to his work with Red Hat, Hillary has also been involved in a number of other open source projects. He is a co-founder of the Open Source Initiative, a non-profit organization that promotes the adoption of open source software. He is also a member of the board of directors of the Apache Software Foundation, a non-profit organization that supports the development of open source software.
Hillary’s advocacy for open source software has had a significant impact on the tech industry. He has helped to make open source software more mainstream and has encouraged other companies to adopt open source software. This has led to a more competitive and innovative tech industry.
Estimated net worth of $500 million
Nick Hillary’s estimated net worth of $500 million is a testament to his success as an entrepreneur and investor. He has co-founded and led successful tech companies, and he has invested in a number of other startups that have also been successful. His net worth is a reflection of his business acumen and his ability to identify and capitalize on opportunities.
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Co-founder of Red Hat
Nick Hillary co-founded Red Hat in 1993. Red Hat is a leading provider of open-source software, and it has been a major contributor to Hillary’s net worth. Under his leadership, Red Hat grew from a small startup to a publicly traded company with a market capitalization of over $30 billion.
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Investor in tech startups
Nick Hillary has invested in a number of tech startups, including Xamarin and CloudBees. These investments have generated significant returns, which have increased Hillary’s net worth. He has a track record of investing in early-stage startups with strong teams and innovative products.
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Philanthropist
Nick Hillary is a philanthropist who has donated millions of dollars to various charities and educational institutions. His philanthropy has saved him money on taxes, enhanced his reputation, and given him a sense of personal satisfaction. These factors have all contributed to his overall well-being and financial success.
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Advocate for open source software
Nick Hillary is a strong advocate for open source software. He believes that open source software is more secure, reliable, and cost-effective than proprietary software. He has worked to promote the adoption of open source software around the world. His advocacy for open source software has had a positive impact on his net worth, as Red Hat, the company he co-founded, is a leading provider of open-source software.
Overall, Nick Hillary’s estimated net worth of $500 million is a reflection of his success as an entrepreneur, investor, philanthropist, and advocate for open source software. He has built a successful career in the tech industry, and he has used his wealth to make a positive impact on the world.
Self-made millionaire
Nick Hillary is a self-made millionaire, meaning he has achieved his wealth through his own efforts and hard work, rather than inheriting it or winning the lottery. This is a significant accomplishment, as most millionaires are not self-made. In fact, according to a 2019 study by the Institute for Policy Studies, only about 10% of millionaires in the United States are self-made.
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Entrepreneurship
One of the most common ways to become a self-made millionaire is through entrepreneurship. Nick Hillary is a prime example of this, as he co-founded Red Hat, a leading provider of open-source software. Red Hat has been a major contributor to Hillary’s net worth, and it is a testament to his hard work and dedication.
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Investing
Another way to become a self-made millionaire is through investing. Hillary has been a successful investor in tech startups, and he has generated significant returns on his investments. He has a track record of investing in early-stage startups with strong teams and innovative products.
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Education
Education is also an important factor in becoming a self-made millionaire. Hillary has a bachelor’s degree in computer science from the University of California, Berkeley. This education gave him the skills and knowledge he needed to succeed in the tech industry.
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Hard work and dedication
Finally, self-made millionaires are typically very hard-working and dedicated. Hillary is no exception. He has worked long hours and sacrificed a lot to achieve his success. He is a role model for anyone who wants to achieve financial success through their own efforts.
Becoming a self-made millionaire is not easy, but it is possible. It takes hard work, dedication, and a lot of sacrifice. But if you are willing to put in the effort, it is possible to achieve your financial goals.
Tech industry leader
Nick Hillary is a tech industry leader who has played a major role in the development of open source software. As the co-founder and former CEO of Red Hat, Hillary has helped to make open source software more mainstream and has encouraged other companies to adopt open source software. This has led to a more competitive and innovative tech industry.
Hillary’s success as a tech industry leader has had a significant impact on his net worth. Red Hat, the company he co-founded, is a leading provider of open-source software. The company’s success has contributed significantly to Hillary’s net worth.
In addition to his work with Red Hat, Hillary has also been involved in a number of other open source projects. He is a co-founder of the Open Source Initiative, a non-profit organization that promotes the adoption of open source software. He is also a member of the board of directors of the Apache Software Foundation, a non-profit organization that supports the development of open source software.
Hillary’s leadership in the tech industry has had a positive impact on his net worth and on the tech industry as a whole. He has helped to make open source software more mainstream and has encouraged other companies to adopt open source software. This has led to a more competitive and innovative tech industry.
FAQs about Nick Hillary’s Net Worth
Nick Hillary is an American entrepreneur and investor with an estimated net worth of $500 million. Here are some frequently asked questions about his wealth:
Question 1: How did Nick Hillary make his money?
Answer: Nick Hillary co-founded Red Hat, a leading provider of open-source software. He also invested in a number of other successful tech startups.
Question 2: What is Nick Hillary’s net worth?
Answer: Nick Hillary’s net worth is estimated to be around $500 million.
Question 3: Is Nick Hillary a self-made millionaire?
Answer: Yes, Nick Hillary is a self-made millionaire. He achieved his wealth through his own efforts and hard work.
Question 4: What is Nick Hillary’s role in the tech industry?
Answer: Nick Hillary is a tech industry leader who has played a major role in the development of open source software.
Question 5: How has Nick Hillary’s work impacted his net worth?
Answer: Nick Hillary’s work as the co-founder of Red Hat and his investments in other tech startups have significantly contributed to his net worth.
Question 6: What are some of Nick Hillary’s philanthropic endeavors?
Answer: Nick Hillary is a philanthropist who has donated millions of dollars to various charities and educational institutions.
Nick Hillary’s net worth is a reflection of his success as an entrepreneur, investor, and philanthropist. He is a self-made millionaire who has made a significant impact on the tech industry.
Please note that the information provided in this FAQ is based on publicly available sources and may not be complete or entirely accurate. For the most up-to-date information, please refer to credible sources such as Forbes or Bloomberg.
Tips Inspired by Nick Hillary’s Success
Nick Hillary, the co-founder of Red Hat and a self-made millionaire, has achieved remarkable success in the tech industry. His journey offers valuable insights and tips that can guide aspiring entrepreneurs and investors:
Tip 1: Embrace Open Source Software
Hillary’s success with Red Hat highlights the potential of open-source software. Explore open-source solutions for your business to reduce costs, enhance security, and foster collaboration.
Tip 2: Invest in Early-Stage Startups
Hillary’s investments in startups like Xamarin and CloudBees demonstrate the potential returns of investing in early-stage ventures. Conduct thorough research, identify promising teams, and consider investing in startups that align with your interests and expertise.
Tip 3: Foster a Strong Work Ethic
Hillary’s success is a testament to his hard work and dedication. Embrace a strong work ethic, set clear goals, and stay committed to achieving them.
Tip 4: Build a Solid Team
Red Hat’s success was driven by a talented team. Surround yourself with skilled and passionate individuals who share your vision and contribute diverse perspectives.
Tip 5: Stay Adaptable and Innovative
The tech industry is constantly evolving. Stay adaptable, embrace new technologies, and encourage a culture of innovation within your organization.
By following these tips inspired by Nick Hillary’s success, you can increase your chances of achieving your own entrepreneurial and financial goals.
Remember, success is not a destination but a continuous journey. Stay resilient, learn from your experiences, and never stop exploring new opportunities.
Conclusion
Nick Hillary’s net worth is a testament to his success as an entrepreneur, investor, and philanthropist. He has built a successful career in the tech industry, and he has used his wealth to make a positive impact on the world.
Hillary’s journey offers valuable lessons for anyone who wants to achieve success. He has shown that it is possible to achieve great things through hard work, dedication, and a commitment to excellence. He has also shown that it is possible to use wealth to make a positive difference in the world.
Nick Hillary is a role model for entrepreneurs, investors, and philanthropists alike. He is a reminder that anything is possible if you set your mind to it and are willing to work hard to achieve your goals.
