BillionaireNet
family
Ken Xie & family
Rank #708
UNITED STATESTechnologyCybersecurity

Ken Xie & family

Net Worth
$5.667B
+0.46% (24h)
Ken Xie is a highly accomplished American entrepreneur and cybersecurity pioneer, with a net worth of $5.7 billion as of late 2024. His wealth stems from his significant contributions to the technology industry, primarily through the founding of Fortinet, a leading cybersecurity firm. Xie's career began with the founding of Systems Integration Solutions (SIS) in 1993 and NetScreen Technologies in 1996, which was later acquired by Juniper Networks. As the CEO of Fortinet, Xie has led the company to become a global leader in cybersecurity, providing comprehensive security solutions to businesses and governments worldwide. His achievements include pioneering the creation of ASIC-based firewall technology and building an enterprise that generates billions in annual revenue. Xie currently resides in Los Altos Hills, California.

The Full Dossier

Early Life and Education

Ken Xie was born and raised in China, demonstrating exceptional academic aptitude from a young age. He earned Bachelor and Master of Science degrees in electrical engineering from Tsinghua University. He later pursued further education in the United States, earning another Master of Science in electrical engineering from Stanford University.

Rise to Success

Xie's career started with founding Systems Integration Solutions (SIS) in 1993. He co-founded NetScreen Technologies in 1996, building the first ASIC-based firewall/VPN appliance. NetScreen was later acquired by Juniper Networks for $4 billion in 2004. After this, Xie founded Fortinet with his brother, Michael Xie, in 2000. He currently serves as CEO of Fortinet.

Key Business Strategies

Xie's leadership at Fortinet has been marked by strategic acquisitions and a focus on innovation in cybersecurity. His business strategy involves developing integrated, high-performance cybersecurity solutions, and expanding Fortinet's product offerings. Fortinet's success is attributed to its strong focus on research and development, as well as its integrated Security Fabric approach, which provides comprehensive protection to customers.

Philanthropy

Ken Xie, along with his brother Michael Xie, runs a private foundation through which they have contributed shares of Fortinet. These contributions have resulted in over $30 million in income tax deductions since 2009.

Career Timeline

2009

Fortinet IPO

Fortinet went public on the NASDAQ.

2004

NetScreen acquired by Juniper Networks

NetScreen was acquired for $4 billion.

2000

Co-founded Fortinet

Founded cybersecurity company with his brother, Michael Xie.

1996

Co-founded NetScreen Technologies

Built the first ASIC-based firewall/VPN appliance.

1993

Founded Systems Integration Solutions (SIS)

Xie founded SIS, a network security company.

Philanthropic Impact

Education$30M+

Xie Foundation

Contributed shares of Fortinet for income tax deductions.

Wealth Trajectory