OC’s Wealthiest 2023: Jared Smith

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JARED SMITH
PRESIDENT
QUALTRICS

THE MONEY: Co-founded Provo, Utah-based software company Qualtrics in 2002 with his brother, Ryan, and father, Scott; Ryan was the CEO. Days before its scheduled IPO in early 2019, Qualtrics was acquired by German software firm SAP for $8 billion in cash. Forbes estimates Jared’s fortune as a result of the sale at $1.4 billion. This June, company was sold again, for $12.5 billion, to Silver Lake Management and the Canada Pension Plan Investment Board.

LOCAL INVESTMENT: In 2021 was cited as being a new investor in Costa Mesa soccer-focused tech, entertainment and training site Toca Football, when it raised $40 million in Series E funding.

WEEKEND WEALTHY: Paid a reported $35 million in cash for newly built waterfront Newport Beach mansion in 2019, among the most expensive residential home sales in Orange County history. The 12,710-square-foot Newport Harbor estate sits on three lots with 90 feet of frontage and a private dock that can accommodate several boats. Sold by area real estate exec Craig Atkins of City Ventures.

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