Jagtar Singh Chaudhary [2] was born on Tuesday, 26 August 1958 [3] ( age 62 years; as of 2020) in Panoh village, Una district in Himachal Pradesh. "Someone is going to have to be responsible for that.". Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Next came Zscaler, which Chaudhry has grown into the largest internet security company with revenues of $673.1 million in 2021. The company is releasing new tools to plug vulnerabilities created by rapid digital transformation. Chaudhry also drives innovation by leading his team to think like entrepreneurs. In 2021, he made headlines after he was listed among the top ten richest Indians by Hurun Global Rich List 2021. Chaudhry was vice-president at a publicly traded company and the Number 2 man then. [2] She was raised in Karachi. Start your day off with our weekly digest. But they turned him down because he had "zero startup experience," he recalls. Jay is an accomplished entrepreneur, having founded a series of successful companies, including AirDefense, CipherTrust, CoreHarbor, SecureIT, and Zscaler, now a public company as of March 16, 2018, Zscalers website reads. He went through the entire GE phone book of 20,000 names and came up with 250 Indians. 32 talking about this. Chaudhry had no history of entrepreneurships or business in his family. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Jay Chaudhry, the CEO of the $29 billion cybersecurity company Zscaler, is betting. It was now time to step it up. In 2021, he made headlines after he was listed among the top ten richest Indians by Hurun Global Rich List 2021. But cloud security companies may be better positioned as corporate budgets tighten. I also write on entrepreneurs in food & beverages; crafts and education sectors. My son just flew in from Texas on American and reports the plane was full and there were no visible efforts by the cabin crew to ensure passengers wore masks. Recession and bankruptcy fears are rising, corporate filings show. "I've been lucky to start at the right times. On Tuesday, Chaudhry ran through the recent SolarWinds, Microsoft Exchange and Colonial Pipeline attacks and how Zscaler's new products will help it outpace old security tools. He's an avid reader with a strong interest in learning. Jan. 6 hearing examines Trump 039 s 187 minutes at White House as riot unfolded July 21 . He lives in Miami, Florida. Nearly A Quarter Of Americas Richest People Live In California. Entrepreneurs need to know when to get out, when to sell your business, Chaudhry said at a conference of fellow IIT alumni in November. When it comes to cybersecurity, complacency is toxic. And data loss is a major problem for companies. Easy. Zscaler's platformprotects customers from cyberattacks and data loss in remote servers, known as the cloud. So Chaudhry researched areas with opportunity. But no venture capitalist would invest in their company because they had no start-up experience. Its a problem companies are willing to pay to address. While his net worth grew rapidly over the last year, Zscaler was not Chaudhry's first successful software startup. From 2000 to 2006, Jay founded and led CipherTrust, the industrys first email security gateway, before its merger with Secure Computing. "Repulsive," "reptilian," "diseased": What John D. Rockefeller had in common with Martin Shkreli. Reliable. He along with six other cybersecurity software tycoons to emerge with 10-figure fortunes in . Guardicore, HubSpot, Zscaler, Domo, SAP, Slack, CloudBolt Software, OpsRamp, Fortinet, Zoho, Skykick, and New Relic are the most likely to be recommended by their employees to friends looking for a cloud computing company to work for in 2020. Stay up to date with what you want to know. ", Get these newsletters delivered to your inbox & more info about our products & services. The others, including the future CEO, learned outside. He aimed to "do it like having (children) and stagger them one year or two years apart." Youre officially subscribed to our newsletter. [3] She moved to the United States at the age of 17 [4] and attended . ". Now, at 63, he has a string of successful software startups under his belt and a net worth of $15.4 billion. Jay Chaudhry. "I want to do the same.". His familys 42% holding makes him the richest Indian-American according to Forbes, and 45th on the list of wealthiest Americans for 2021. Is that really what it wants? Chaudhry's fascination with cybersecurity innovations led him to start and build five successful companies. ", Why Intuit's Legendary Former CEO Relishes Being Different, How To Sharpen Your Decision Making During A Crisis, Inspirational Quotes: Oprah Winfrey, Pat Summit, Tony Robbins And Others, IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today, MarketSmith: Research, Charts, Data And Coaching All In One Place. For example, the deception security firm Smokescreen will add trickery to Zscaler's tools, fooling hackers into attacking the wrong targets. The Indian American Chaudhry grew up in a Himalayan village called Panoh, in the Una district of Himachal Pradesh. Mr. Chaudhry and his family own 45 per cent shares of Zscaler (listed on the American stock market index Nasdaq), which is worth $28 billion as of 2021. Jay Baruchel flew the flag at a Just for Laughs gala in 2013, but the longtime Montrealer admits that . "I believe if you haven't failed, you're playing too safe," Chaudhry said. There has been no going back. In 2021, Jay Chaudhary climbed the list of the top 10 richest Indians, standing at the 9th position. Now thats all water under the bridge. Chaudhry built a business plan and took it to venture capitalists. I encourage today's graduates to consider these two life . LinkedIn is the world's largest business network, helping professionals like Ejaz "JAY" Chaudhry discover inside connections to . Zscaler is a huge winner for investors. Chaudhry moved to the U.S. in 1980 to attend graduate school and now lives in Nevada, after relocating from the Bay Area. State Senator for District 15 (Raleigh) and lifelong public servant. [4], In 2018, Chaudhry was selected as a finalist for the EY Entrepreneur of the Year Award program in Northern California. "There was no turning back. CEO of cybersecurity firm Zscaler, Jay Chaudhry, is the richest Indian American with a net worth of $16.3 billion. "Do what you love and money will follow" might just sound like trite advice. He grew up in a small village in the Himalayas that didnt have running water or electricity until he was a teenager. Netscape just built the first browser and went public to success. Born to a small-scale farmer in Himachal Pradesh, he went on to found and sell four high-tech firms before starting his fifth, Zscaler, a cyber-security behemoth that has made him the wealthiest Indian-American, and put him at #45 overall, on the Forbes list of wealthiest Americans for 2021. The leading business publication for the bold and ambitious. "When you get the money, you can go one of two ways: You can let it mean everything to you personally, or you can let it mean nothing," he said. Zscaler is now trading at around $280. It was acquired by VeriSign in 1998, prompting Chaudhry to move to San Francisco to lead Verisigns security services division. Zscaler provides data security services to 400 of the Forbes Global 2000 companies. He drew a good salary and bonus, and had stock options. The big companies have cybersecurity vulnerabilities across the three main cloud platforms, with 52% exposure from Amazon Web Services, 36% from Azure, and 11% from Google Cloud. A lot of bad things are happening in crypto now. Sign up for notifications from Insider! Before Zscaler, Chaudhry founded. Chaudhry's inspiration for Zscaler came from cloud computing pioneer Marc Benioff, chairman, CEO and founder of Salesforce.com (CRM). But it only had room for half the kids. ABG, owner of Forever 21 and Lucky Brand, said a lot of nasty things about the one-click checkout star in a lawsuit earlier this year. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. Zscaler has made three acquisitions in the past two months buying Smokescreen, Cloudneeti, and Edgewise Network that bring new functionality to its enterprise security platform. CEO of cybersecurity firm Zscaler, Jay Chaudhry, is the richest Indian American with a net worth of $16.3 billion. Chaudhry describes its platform as "a switchboard" in the cloud that verifies every connection with identity and web-scanning programs. I wanted to do something big, Chaudhry said in November. Newcomers: These 19 Billionaires Join The Forbes 400 List In 2019, Zscaler Stock Stabilizes After Recent Harsh Reaction To Initial FY20 Outlook, SOX Doesn't Mean Secure: Avoid Compliance Complacency To Keep Your Enterprise Safe, How To Prevent Complacency From Putting Enterprise Security At Risk, Protect Four Key Areas To Create A Balanced Cybersecurity Portfolio, The Best Cloud Computing Companies And CEOs To Work For In2015. In an interview, talking about the struggle he faced, he said. From 2002 to 2008, Jay acted as the CEO and Chairman of AirDefense, a company that was acquired by Motorola in 2008. "He's not just thinking about how to solve a problem for the here and now, but to solve it for a greater outcome.". And he makes sure Zscaler keeps winning by nurturing others who innovate, too. And Zscaler's stock has rocketed more than 400% the first-day closing price following its IPO. By analyzing the differences between these two types of cyber-security technology and explaining the nature of the tradeoff to CEOs and boards of directors, it is possible for CIOs and CSOs to bring clarity to an area that is hard to explain. The increased demand for enterprise cyber security services amidst increased corporate ransomware attacks contributed a 85% increase in Chaudhry's wealth and stormed into the top 10 of IIFL Wealth Hurun India Rich list 2021, said the report. My obsession is really to make sure that the internet and cloud are a safe place for everyone to do business., Follow us on our social media channels to stay connected. It starts at the top. The ability to put our life savings on the line, and give up a good job to fulfill a desire and do something big takes risks.". But Chaudhry made his way in the world as a good student. Ive been a journalist with The Economic Times for 25+ years; first at the newsdesk of ET, Kolkata & then as a feature writer with the ET Magazine on Sunday in Delhi. Learned outside software startup hearing examines Trump 039 s 187 minutes at White House as riot unfolded July 21 consider... To address the same. `` no venture capitalist would invest in their company they. Ge phone book of 20,000 names and came up with 250 Indians only had room half! To emerge with 10-figure fortunes in village in the cloud things are happening in crypto now publicly traded company the! 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