Marc Randolph’s Net Worth 2024: Bio, Age, Spouse, Kids, Wealth
How much is Marc Randolph’s net worth?
| Net Worth in 2024 | USD $100 Million Approx |
| Income Source | Tech Entrepreneur |
| Real Name | Marc Bernays Randolph |
| Nick Name | Marc |
| Birth Place | Chappaqua, New York, United States |
| Birthday | 29 April 1958 |
| Age/How old? | 65 years old |
| Height/How tall? | 5 Feet 10 Inches (1.77 m) |
| Occupation | Entrepreneur, Speaker |
| Nationality | American |
| Education | Hamilton College (1981) |
| Wife | Lorraine Kiernan Randolph (m. 1987) |
Who is Marc Randolph?
Marc Randolph is 65 an old American tech entrepreneur, speaker, and advisor with a net worth of $100 million.
He is well known for being the former co-founder and the first CEO of Netflix.
In 1981, Randolph started his career with the New York-based Cherry Lane Music Company. He later co-founded mail-order firms such as Marcwarehouse and MicroWarehouse.
In 1998, Marc founded Netflix along with Reed Hastings. He became the CEO of the most successful OTT platform until 1999.
In 2002, he departed from the company. Marc later joined MiddCORE and became a board member of Looker Data Sciences.
Apart from this, Marc Randolph is a keynote speaker who talks about his experience with Netflix and startup investments.
Moreover, he wrote a book, “That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea”, in 2019.
In June 2023, Marc served as a keynote speaker at a three-day event of GS1 Connect in Denver, Colorado.
What is Marc Randolph’s Net Worth & Salary?
USD 100 Million
Marc Randolph has an estimated net worth of $100 million as of 2024.
He has earned all his fortune being the former co-founder of Netflix.
In 2002, Marc owned 166,666 company shares after going into the IPO. If he held the same stakes, the shares would have become 2.3 million on two stock splits.
The 2.3 million shares would have been worth $1 billion at the stock’s peak price. At one point, he owned over 10 million shares worth $6 billion compared to Reed Hastings’s 500,000 shares.
As of today, Randolph doesn’t own the company’s stake and has sold them before leaving the company in 2003.
What is Marc Randolph‘s Net Worth in 2022?
Marc’s net worth in 2022 was roughly calculated at $92 million.
Marc Randolph‘s Age, Parents & Education
He was born on 29th April 1958 in Chappaqua, New York, as Marc Bernays Randolph. According to his date of birth, Marc Randolph is 65 years old.
He was born to a Jewish family of Stephen Bernays Randolph and Muriel Lipchik.
His father was an Austrian-born nuclear engineer and a financial advisor.
Randolph’s mother was the owner of a real estate company.
Marc is the eldest child of the family, having two siblings.
He spent most of his childhood working for the National Outdoor Leadership School as the youngest instructor in the summers.
After graduation, Randolph started working at the Cherry Lane Music Company in the Mail-order division. His experience in marketing and direct mail helped him to set up a mail-order DVD business.
Education
Marc graduated from Hamilton College in New York. He earned a degree in Geology.
How Does Marc Randolph‘s Net Worth Stand at $100 million?
Career Journey
Mark started his career at Cherry Lane Music Company in New York in 1981. He worked on his marketing skills and started selling Cherry Lane’s catalog of sheet music directly to customers.
In 1984, Randolph founded the United States version of MacUser magazine.
Alongside, he co-founded computer mail-order firms MacWarehouse and MicroWarehouse with Peter Godfrey.
In the 1980s and 1990s, Marc also made short stints at Silicon Valley startups such as Borland, Visioneer, and Integrity QA.
In 1996, he met Reed Hastings after Integrity QA got acquired by the company Pure Atria. He later became the vice president of Corporate Marking.
Netflix Career
Reed and Randolph worked together from their homes in Santa Cruz for four months to co-found Netflix in August 1992.
They designed a revolutionary system of a subscription-based service with no due dates or late fees and unlimited access to content.
On 14th April 1998, they launched Netflix out of an office park in Scotts Valley, California. Randolph served as the CEO of the company until 1999.
The company raised $30 million in venture capital funding in July 1999. It went public at an initial offer price of $15 per share in 2002.
However, the situation was not going well for Netflix in 2000. The company was on the way to losing $50 million, so the founders secured a meeting with Blockbuster to sell their company.
After its IPO, Netflix had a market cap of $300 million. In today’s terms, its IPO price was $1.07 per share. As of 2020, Netflix’s stock crossed $500, having a market cap of $230 billion.
In 2003, Marc Randolph left Netflix and became the mentor at MiddCORE. He also became a board member of Looker Data Sciences.
As a Speaker
Aside from this, Marc is a speaker who travels the world speaking about his investments and experiences with Netflix.
As an author, he has written a book, “That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea”, published by Little, Brown, and Company.
Marc Randolph’s Real Estate Investment
Marc purchased a 46-acre estate in Santa Cruz for $1 million in 1997. The estate includes its vineyard.
Aside from this, Randolph owns an Audi Q7 and a Toyota Tacoma with the license plate “NTFLX” and “NETFLIX”.
Marc Randolph’s Wife & Kids
Marc Randolph got married to Lorraine Kiernan in 1987. They have three children.
Marc Randolph‘s Social Media Profiles
Marc Randolph is active on social media such as Facebook, Twitter, and Instagram.
Summary
Marc Randolph is a New York-based tech entrepreneur and speaker who has a net worth of $100 million.
He got famous for being the co-founder and former CEO of Netflix.
Under his leadership, Netflix rapidly grew and revolutionized the way of watching movies and television shows.
He is a true icon who inspires people to pursue their dreams through his speaking skills.
In 2003, Marc left Netflix, giving up his 650,000 shares. He later joined the board of Looker Data Sciences, which got acquired by Google for $2.3 million in June 2019.
Moreover, Randolph is involved with MiddCORE, Belk Entrepreneurship Center, and High Point University. He is also a keynote speaker.
Quick Info
Marc Bernays Randolph born on 11 February 1962, is an American tech entrepreneur, advisor, and speaker.
According to the data available on the internet, his estimated net worth is $100 million.
The famous American tech entrepreneur was born on, 29 April 1958, as of Jan 2024, Marc Randolph is 65 years old.
Marc currently lives in Santa Cruz County, California with his wife.
Marc Randolph has been married to Lorraine Kiernan since 1987. They have three children.
