Jay Chaudhry
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Revision as of 07:33, 4 March 2019
This is a collection of articles archived for the excellence of their content. |
As in 2019
Indian-origin cyber tycoon now in world’s richest club, March 3, 2019: The Times of India
Decades before he joined the ranks of Silicon Valley’s super rich, Jay Chaudhry lived with his parents in a Himalayan village without running water.
The founder of Zscaler Inc is now part of a growing wave of billionaires who have built cybersecurity businesses. Chaudhry, 60, and his family benefit from stakes in the San Jose-based firm worth almost $3.4 billion. He along with six other cybersecurity software tycoons to emerge with 10-figure fortunes in the past year are worth about $10 billion combined, according to the Bloomberg Billionaires Index, and together represent the latest wealth surge among the founders of internet-focused firms.
“I do look sometimes back and say, ‘Whoa,’” Chaudhry, who did his BTech in Electronics Engineering from IIT BHU, said in a telephone interview last month. “My success so far has mainly been because I have very little attachment for money. My obsession is really to make sure that the internet and cloud are a safe place for everyone to do business.”
Fueled by the rapid rise of cloud-based computing, companies are increasingly tethering more and more of their business to online networks. This allows them to gather unprecedented levels of operational information.
Zscaler shares climbed 22% to $60.57 in New York on Friday after the firm reported second-quarter revenue of $74.3 million. That was a 65% increase from a year earlier and beat analysts’ estimates.
Chaudhry, who has masters degrees in business administration, industrial engineering and computer science from the University of Cincinnati and also studied at Harvard Business School, founded Zscaler more than a decade ago after setting up and selling four other cyber start ups.
Even with a huge fortune, Chaudhry says his life hasn’t changed significantly. He still visits the Himalayan village he grew up in every few years, and said rather than passing on wealth, his priority is to pass on the work ethic his farming parents instilled in him. “For me, happiness is a state of mind. And money has very little do with it,” he said.
