BillionaireNet
Fredette
Stephen Fredette
Rank #2919
UNITED STATESTechnologypayments software

Stephen Fredette

Net Worth
$1.154B
+3.04% (24h)
Stephen Fredette, a 42-year-old technology leader, is the President and Co-Founder of Toast, Inc. His estimated net worth, as of December 16, 2025, is $1.1 Billion, primarily derived from his success in the payments software industry. His career began prior to the iPhone, creating early mobile apps. At Endeca, now Oracle, he co-founded their mobile commerce business, achieving over $10 million in revenue in two years. Fredette also led the Special Operations team at Endeca. He owns a significant stake in Toast, reflecting his influential role in the company's growth and innovation.

The Full Dossier

Early Life and Education

Information regarding Stephen Fredette's early life and education is limited in the search results. However, it is known that he is 42 years old and received a Bachelor of Science degree from the Massachusetts Institute of Technology (MIT).

Rise to Success

Stephen Fredette's career began before the advent of the iPhone, where he was involved in mobile app development, notably creating the first apps for Flickr and Shoebuy.com. His experience includes co-founding the mobile commerce business at Endeca, now Oracle, where he led a product team. His leadership helped achieve over $10 million in revenue within two years. He also ran the Special Operations team at Endeca, focusing on creating new prototypes.

Key Business Strategies

As President and Co-founder of Toast, Inc., Fredette has been pivotal in leading product and innovation initiatives. He currently owns 2,910,042 shares of Toast Inc (TOST) stock. His strategic vision has contributed significantly to Toast's growth, including expansion and improvements in product offerings.

Philanthropy

While the search results do not provide explicit details about Stephen Fredette's specific philanthropic initiatives or the exact amounts he has donated, his role in a high-growth company suggests the potential for future philanthropic endeavors.

Career Timeline

2021

Co-President and Director

Joined Toast Inc.

2005

Co-founded Mobile Commerce Business

Led product team at Endeca, achieving $10+ million in revenue in two years.

Pre-iPhone

Mobile App Developer

Created first apps for Flickr and Shoebuy.com.

Wealth Trajectory