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 $8B in cash. Forbes estimates Jared’s fortune as a result of the sale at $1.4B. Last June, company was sold again, for $12.5B, to Silver Lake Management and the Canada Pension Plan Investment Board. Brother Ryan bought Utah Jazz.
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 $40M in Series E funding.
WEEKEND WEALTHY: Paid a reported $35M 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 Beach 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.
