Robert Pera - Net Worth, Age, Height, Birthday, Bio, Wiki!

Explore Robert Pera net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Robert Pera? Who is Robert Pera dating now & how much money does Robert Pera have?

Robert Pera Biography

Robert Pera is one of the most popular and richest Businessperson who was born on March 10, 1978 in United States, United States.

Pera founded Ubiquiti Networks in March 2005 using only $30,000 of personal savings and credit card debt. Ubiquiti’s early products utilized existing Wi-Fi technology to wirelessly deliver the Internet to underserved areas (e.g., rural areas and emerging markets) lacking the infrastructure to access the Internet through traditional avenues such as phone lines and cable lines. The company has since successfully branched out into other product lines such as wireless access points, security cameras and traditional networking equipment (e.g., switches and routers).

After graduation, Pera, who admired Steve Jobs, secured a job at Apple Inc., where he tested the company’s Wi-Fi devices to ensure compliance with Federal Communications Commission standards for electromagnetic emissions. While working at Apple, Pera noticed that the power sources that Apple’s Wi-Fi devices used to throw signals were far below FCC limits. Boosting their power, he reasoned, could increase their transmission range to over dozens of miles, which could facilitate Internet access in areas that telephone and cable companies do not reach. When his bosses at Apple ignored his idea, Pera decided to build his own low-cost, high-performance Wi-Fi module. For the next year, Pera spent his nights and weekends in his apartment testing prototypes. By early 2005 he was ready to start his own business and he left Apple to form Ubiquiti Networks.

Robert J. Pera (born March 10, 1978) is the founder of Ubiquiti Networks, Inc. a global communications technology company that Pera took public in 2011. In October 2012, Pera also became the owner of a professional basketball team: The Memphis Grizzlies of the National Basketball Association. At the age of 36, Pera earned a spot on Forbes’ list of the 10 youngest billionaires in the world.

Robert Pera Net Worth

Net Worth: As of 2020, Robert Pera boasts a commendable net worth of 9.8 billion USD. This wealth primarily comprises his shares in Ubiquiti Networks Inc., a company he founded. The value of his shares increased significantly after Ubiquiti Networks went public in 2011. Additionally, his net worth has been augmented by his ownership of the NBA’s Memphis Grizzlies. In comparison to industry standards, Pera stands out as one of the youngest billionaires globally, reaching this milestone at an impressive age of 36.

Career and Financial Growth: Pera’s career greatly influenced his financial stature. Starting out as an engineer at Apple Inc., he branched out to establish Ubiquiti Networks harnessing his innovative ideas that were formerly rebuffed at Apple. Ubiquiti, with its focus on providing low-cost, high-performance Wi-Fi systems, especially in underserved regions, substantially contributed to Pera’s wealth accumulation. Additionally, his acquisition of Memphis Grizzlies in 2012 chalked up a considerable boost in his financial worth.

Source of net worth: Entrepreneurship forms the core component of Pera’s net worth. His unerring vision of creating a technology company, Ubiquiti Networks, and exploiting underused Wi-Fi technology significantly enriched him. Moreover, his venture into the sports industry with the purchase of Memphis Grizzlies has also substantially complemented his net worth. Endorsements and sponsorships do not form a notable part of his income, given his focus is wildly on his own business ventures.

Personal Projects and Ventures: Apart from his primary profession, Pera has shown a keen interest in the sports sector with his purchase of the Memphis Grizzlies. His tenure on the team has brought considerable success, bolstering his investments in this domain.

Philanthropy: True to the nature of influential figures in business, Pera is actively involved in the Grizzlies Foundation. This sports charity operates in Memphis and stands as a testament to Pera’s philanthropic endeavors.

Recent Developments: Robert Pera continues to drive Ubiquiti Networks towards innovation and market expansion. Given the increasing reliance on digital communications and the internet’s penetration into various global sectors, his wealth is likely to see continued growth. Moreover, the success of the Memphis Grizzlies under his ownership has also created a potential for additional income from sports-related revenues.

Ethnicity, religion & political views

Many peoples want to know what is Robert Pera ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Robert Pera's ethnicity is Not Known. We will update Robert Pera's religion & political views in this article. Please check the article again after few days.

Who is Robert Pera Dating?

According to our records, Robert Pera is possibily single & has not been previously engaged. As of January 13, 2024, Robert Pera’s is not dating anyone.

Height, Weight & Body Measurements

Robert Pera height 6 ft 3 in Robert weight Not Known & body measurements will update soon.

On June 11, 2012, sources told ESPN.com that Michael Heisley had an agreement in principle to sell the Memphis Grizzlies to Robert Pera. The official sale of the Memphis Grizzlies to Pera was approved on October 25, 2012. The Grizzlies made the NBA playoffs in the two seasons before Pera purchased the team and made the playoffs during the first five seasons of his tenure as owner. In the first year of Pera’s ownership, the Grizzlies won a club record 56 games and made its first-ever appearance in the Western Conference Finals. The Grizzlies team won more playoff games during the first two years of Pera’s tenure than it did during the team’s 17 previous seasons in the NBA.

Facts & Trivia

Robert Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in United States. Robert Pera celebrates birthday on March 10 of every year.

How did Robert Pera make his money?

The bulk of Robert Pera’s fortune is derived from his majority ownership of New York-based Ubiquiti Networks, a manufacturer of wireless products used in enterprise solutions. He owns about 90% of the business, according to the company’s 2021 proxy.

How much did Pera pay for Grizzlies?

When Pera bought the team in 2012, his group paid $377 million, according to Tillery. In February, Forbes listed the Grizzlies as the second-least valuable team in the NBA, ahead of only the Pelicans, and set the team’s value at $1.025 billion.

Who is ubiquiti owned by?

Robert Pera is the founder and CEO of wireless equipment maker Ubiquiti Networks. Ubiquiti, which had $1.2 billion in fiscal 2020 revenues, sells wireless broadband systems with a focus on emerging markets. He owns nearly 75% of the publicly-traded firm.

Who is the owner of the Memphis Grizzlies?

Robert J. Pera, an under-the-radar, 42-year-old tech billionaire who owns the NBA’s Memphis Grizzlies, has been steadily adding real estate to his asset portfolio.

Does Justin Timberlake own the Grizzlies?

Justin Timberlake, a minority owner of the Memphis Grizzlies and pop superstar, is calling on fans to vote for Ja Morant to start in the 2022 NBA All-Star Game.

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