Richest BusinessRichest Billionaires
Net Worth:
$3.5 Billion
Beijing, China
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What is Ken Xie's Net Worth?

Ken Xie is a Chinese-born American businessman who has a net worth $3.5 billion. Ken earned his fortune as the co-founder of cybersecurity firm Fortinet. Ken owns 7.8% of Fortinet which is publicly traded under the ticker FTNT. He and co-founder/brother Michael (who owns 7%) became billionaires when the company went public in 2009. As of this writing FTNT has a market cap of $25 billion.

Ken Xie was born in Beijing, China in 1963. He graduated from Tsinghua University with a B.S. and M.S. in electrical engineering. He then earned an M.S. in electrical engineering from Stanford University.

In 1993 Ken founded the network security company Systems Integration Solutions (SIS). A few years later he built the world's first ASIC-based firewall/VPN appliance. It was a revolutionary achievement. He built the app in his garage in Palo Alto, California. In 1996 he co-founded NetScreen Technologies. In 2004 NetScreen was acquired by Juniper Networks for $4 billion.

In 2000 Ken co-founded Fortinet with his brother Michael. They founded the company with the belief that security should be encrypted end-to-end, nearly 20 years before end-to-end encryption became standard with many communications platforms and apps. Their first product was a firewall called FortiGate. Today Fortinet is a market-leader in firewall, anti-virus and other cybersecurity software. In 2004 the brothers raised $90 million in private funding. They took the company public in 2009, raising $156 million in the process. As we mentioned previously, today FTNT is worth over $25 billion. Ken owns around 7.8% of the company's shares, his brother Michael owns 7%. Fortinet generated $2.16 billion in revenue in 2019 and $110 million in operating income.

Personal Life: Ken and his wife have three children, two sons and a daughter. Their oldest child, daughter Jamie Xie, is a fashion influencer and reality television star who became widely-known in January 2021 as a cast member on the Netflix reality series "Bling Empire".

All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
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