Ryan Smith (Businessman) Net Worth & Biography - Celebrity Net Worth

By Mixxerly Updated: SEPTEMBER 22, 2021

Introduction

NET WORTH

$2B

Ryan Smith is an American billionaire and one of the richest businessman in the United States. He is the executive chairman and cofounder of Qualtrics, an experience management software company based in Provo, Utah, United States. In 2016, he was included in Fortune's "40 Under 40".

In October 2020, Ryan Smith agreed to purchase the Utah Jazz NBA franchise from the Miller family for US$1.66 billion, and on December 18, the NBA's Board of Governors unanimously approved the transfer of ownership. As of , Ryan Smith has an estimated net worth of about $2B.

At a Glance

Full name: S. Ryan Smith

Other names: Ryan Smith

Birthday: November 1977

Age:

Net worth: $2B

Occupation: Businessman, Entrepreneur, Investor.

Nationality: United States of America

Net Worth

Ryan Smith founded Qualtrics in 2002 with his father Scott M. Smith, his oldest brother Jared Smith and a friend Stuart Orgill . Qualtrics started as business in Ryan's Provo home basement and they ran the office there for a good few years. At the beginning, Qualtrics was being turned down by large corporations and so Ryan and partners decided to offer their services to schools. As of , Ryan Smith has an estimated net worth of about $2B.

On November 11, 2018, it was announced that Qualtrics would be acquired by German multinational software corporation SAP for US$8 billion. The acquisition was completed on January 23, 2019. On July 26, 2020, SAP announced its intent to take Qualtrics public, and on January 28, 2021, Qualtrics began trading on the Nasdaq.

Favorite Quotes from Ryan Smith

“My answer to customer satisfaction is speed and quality of response when things do go bad, and this comes down to the staff on the ground. Having employee morale high is just as important. If they aren’t engaged or lined up, or empathetic it makes the whole experience worse, and that is where you get into real trouble.” – Ryan Smith
“We’ve been extremely transparent, but not so that we can be cool. And it’s not about an open environment because that’s not what makes a company transparent. It’s more around the fact that everyone needs to know where we are going and how we are going to get there.” – Ryan Smith
“The number one challenge for us is finding the right talent. The worst thing you can do is lower the bar because you think the local conditions don’t match. I learned this over and over when hiring at Google. You don’t lower the bar; you look harder. All countries have great people.” – Ryan Smith
“Try to have experienced together and learned together to avoid fighting for priorities and budget and all the ‘sh*t.’ If there is nothing but a virtual bond between people, it will be easily disrupted. When you have that connection and experiences together, we have found… longest relationships succeed. We apply that same concept to our customer base.” – Ryan Smith
“If your customer base knows your style and the way you communicate, it’s amazing how if you don’t establish this, then someone else will establish it for you. If you think about moments where you feel a little proud, there is always a bit of adversity. All of you are working on something… what story will you be able to tell after this?” – Ryan Smith

Early life and education

Smith was born in Eugene, Oregon. His father, Scott M. Smith, worked as a university professor and is one of the co-founders of Qualtrics. Ryan's mother, Nancy Smith Hill, holds a Ph.D. in information systems and is an entrepreneur. While he was attending Brigham Young University’s Marriott School of Business, he founded Qualtrics with his father, and his brother, Jared Smith. During his junior year he dropped out of school to spend more time working on Qualtrics, though he eventually returned to school and finished his degree in 2016.

Qualtrics

Qualtrics is an American experience management company, with co-headquarters in Seattle, Washington and Provo, Utah in the United States. The company was founded in 2002 by Scott M. Smith, Ryan Smith, Jared Smith, and Stuart Orgill.

Qualtrics offers a cloud-based subscription software platform for experience management, which it launched in March 2017.

On November 11, 2018, it was announced that Qualtrics would be acquired by SAP for US$8 billion. The acquisition was completed on January 23, 2019. On July 26, 2020, SAP announced its intent to take Qualtrics public, and on January 28, 2021, Qualtrics began trading on the Nasdaq.

On January 11, 2021 technical trade media noted that Brad Anderson, a high level executive of Microsoft, was leaving for Qualtrics.

Utah Jazz

On October 28, 2020, Gail Miller announced that Smith had agreed to purchase a majority stake in the Utah Jazz NBA franchise. The purchase agreement also included Vivint Arena, the Salt Lake City Stars of the NBA G League, and management of the Salt Lake Bees. Miller had previously put the team into a legacy trust with the objective of keeping the Jazz in Utah. As part of the announcement, Miller stated, "I am fully persuaded that with this sale, the objectives of the trust will be honored, and the new owners have made the same commitment to keep the team in Utah."