BillionaireNet
Stoica
Ion Stoica
Rank #1018
ROMANIATechnologyData analytics

Ion Stoica

Net Worth
$3.9B
0% (24h)
Ion Stoica is a Romanian-American computer scientist and entrepreneur, currently holding the position of Professor in the EECS Department at the University of California, Berkeley. Stoica, a specialist in distributed systems and cloud computing, is also the director of Sky Computing Lab. His work has significantly impacted the tech industry through the co-founding of several successful companies, including Databricks, Anyscale, and Conviva. As of 2024, Stoica's net worth is estimated at $2.5 billion, a testament to his contributions to data analytics and technology. He is a member of the National Academy of Engineering and an ACM Fellow.

The Full Dossier

Early Life and Education

Ion Stoica was born in Romania and displayed an early aptitude for computer science. He earned a Master of Science degree in Electrical Engineering and Computer Science from the Polytechnic University of Bucharest in 1989. In 1994, he immigrated to the United States and started his Ph.D. at Old Dominion University before transferring to Carnegie Mellon University (CMU). He received his Ph.D. in Electrical & Computer Engineering from CMU in 2000.

Rise to Success

Stoica's career took off at the University of California, Berkeley, where he became a professor in 2000. His research interests include cloud computing, networking, distributed systems, and big data. He has authored or co-authored over 100 peer-reviewed papers. Stoica's entrepreneurial journey began with Conviva in 2006, a company focused on video distribution, where he served as CTO. In 2013, he co-founded Databricks, serving as CEO until 2016. Databricks has revolutionized the analytics space. He is also the co-founder of Anyscale (2019). Stoica is an ACM Fellow and has received numerous awards for his work.

Key Business Strategies

Stoica's success stems from bridging academic research with practical industry applications. His strategy involves identifying fundamental problems in data processing and AI, developing open-source tools, and turning them into successful commercial ventures. He emphasizes building systems that work reliably at scale, focusing on solving real production problems rather than just demonstrations.

Philanthropy

In June 2021, Stoica and Scott Shenker donated $25 million each towards the construction of The Gateway, a new building for the Division of Computing, Data Science, and Society at UC Berkeley. This exemplifies Stoica's commitment to advancing education and research in computing and data science.

Career Timeline

2024

Member of NAE

Became a Member of the National Academy of Engineering.

2019

Co-founded Anyscale

Co-founded Anyscale, a platform for scaling AI applications.

2013

Co-founded Databricks

Co-founded Databricks, a big data and machine learning platform.

2006

Co-founded Conviva

Co-founded Conviva, a video streaming analytics company.

2000

Professor at UC Berkeley

Began his career as a professor at the University of California, Berkeley.

2000

Ph.D.

Earned a Ph.D. in Electrical & Computer Engineering from Carnegie Mellon University.

1989

Master's Degree

Received a Master of Science degree in Electrical Engineering and Computer Science from Polytechnic University of Bucharest.

Philanthropic Impact

Education$25M

The Gateway

Donated towards the construction of The Gateway, a new building for the Division of Computing, Data Science, and Society at UC Berkeley.

Wealth Trajectory