Ted Waitt

Quick Facts

Full Name	Ted Waitt
Date Of Birth	Jan 18, 1963(1963-01-18)
Age	61
Birthplace	Sioux City
Country	United States
Birth City	Iowa
Horoscope	Capricorn

Ted Waitt Biography

Ted Waitt is one of the most popular and richest Businessperson who was born on January 18, 1963 in Sioux City, Iowa, United States. Theodore W. “Ted” Waitt (born 18 January 1963) is an American billionaire businessman and an philanthropist. Waitt is a co-founder of Gateway, Inc..

In in the issue from September of 2002 Fortune Magazine, Waitt sold $1.1 billion worth of Gateway shares during the dot-com period. Then, in August 2007 Gateway was purchased by Acer Inc. for $1.90 per share, or $710 million.

On November 1, 2019, the Blue Prosperity Coalition announced a ten-year, $150 million commitment from the Waitt Foundation towards its ocean conservation efforts. On 15 Sept, 2016, the Waitt Foundation joined with the Wildlife Conservation Society (WSC), the blue moon fund (bmf) and the Global Environmental Facility (GEF) to commit a combined $48 million towards expansion of the world’s marine protected areas (MPA). On 1 May 2008, the Salk Institute for Biological Studies announced the grant of $20 million from the Waitt Foundation to fund the creation of an Advanced Biophotonics Center. On 18 December 2008, the William J. Clinton Foundation released a list of all contributors. It included Theodore Waitt, who gave between US$10–25 million. On April 23, 2011, the Sioux City Public Museum had its grand opening. $4 million of its $13 million development budget was donated by the Waitt Foundation.

Waitt has been featured on numerous lists by Forbes magazine. He has held a spot on both the Forbes 400 Richest in America as well as Forbes list of the World’s Billionaires. He has also been listed on Fortune Magazines “40 Richest Under 40”, a list of the 40 wealthiest self-made Americans under the age of 40 in the United States. The 2008 Forbes 400 List listed Waitt with a net worth estimated at $1.4 billion. Waitt fell off the Forbes 400 list in 2009 with a net worth estimate of $900 million. Forbes speculated that the drop from the previous year was as a result of “souring real estate” and a divorce settlement.

Waitt directed the move of the headquarters of the company to South Dakota to Poway, California in 1998. Waitt removed himself from his post as the CEO of Gateway in the last quarter of 1999 and was replaced by Jeffrey Weitzen, but returned to the job in January 2001.

Ted Waitt Net Worth

Ted Waitt is one of the richest Businessperson from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Ted Waitt 's net worth $5 Million. (Last Update: December 11, 2023)

On the 5th of September, 1985 Waitt along with his older sister Norm Jr. as well as Mike Hammond started Gateway 2000 by securing a loan of $10,000 by Waitt’s maternal grandmother. The Company was established at the ranch of Waitt’s father located in Sioux City, Iowa, then moved into Sergeant Bluff, Iowa and then to North Sioux City, South Dakota in which they continued to work on the “down-home” branding, complete with computers printed with the Holstein black and white cow pattern.

The foundation was established in 1993. Foundation initially focused on preventing domestic violence and development of communities, knowing that strengthening families and societies can help in the creation of an improved world. The establishment of the Waitt Institutes in 2005–the Waitt Institute as well as the Waitt Institute for Violence Prevention–has enabled the Foundation to expand its focus to include the entire world. It is the Waitt Institute is a founding member together with National Geographic Pristine Seas, Oceans 5, and Dynamic Planet from the Blue Prosperity Coalition which aims to aid governments in sustainable management of oceans through providing financial assistance, expert advice and instruments to safeguard 30 percent of marine ecosystems by establishing marine protected zones (MPA).

In 2004, after the acquisition of eMachines, Waitt turned over day-to-day operations of Gateway and the title of CEO to Wayne Inouye, the former CEO of eMachines. In May 2005, he resigned as chairman of the company, ending a near 20-year run with the company he co-founded.

Height, Weight & Body Measurements

Ted Waitt height Not available right now. Ted weight Not Known & body measurements will update soon.

Who is Ted Waitt Dating?

According to our records, Ted Waitt is possibily single & has not been previously engaged. As of December 1, 2023, Ted Waitt’s is not dating anyone.

Relationships Record : We have no records of past relationships for Ted Waitt. You may help us to build the dating records for Ted Waitt!

Facts & Trivia

Ted Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in United States. Ted Waitt celebrates birthday on January 18 of every year.

Where is Ted Waitt now?

Waitt, a South Dakota native, now resides primarily in L.A. , where he recently completed construction on a $40 million contemporary megamansion in the high-priced Bird Streets neighborhood.

What is Ted Waitt net worth?

Waitt, 52, co-founded the computer hardware giant Gateway Inc. in the 1980s. Considered one of the country’s leading philanthropists, he has a net worth of about $1.3 billion , according to Forbes.

How old is Ted Waitt?

59 years (January 18, 1963)

Who is Joan Waitt?

Waitt, the mother of four, a philanthropist and businesswoman , credits her quiet, humble father, now 80 years old, for a solid upbringing in Sioux City, Iowa, after her mother died in childbirth when she was just two years old.

How much is Norm Waitt worth?

Norm left with $10 million and a 45% stake. He sold off much of it; his $1 billion in net worth would be worth nearly twice that now if he hadn’t. No matter. “For my brother, Gateway is like an alter ego—he sees himself as Gateway,” Norm Waitt says.