Furthermore, please leave your thoughts and comments below. He added that if the sculpture is of a much later date, it could have a financial value of less than $5,000. He also owns a. Lynne Krilich is his wife. 10 (tied): Marc R. and Lynne Benioff", The Chronicle of Philanthropy: "Young Tech Donors Take Leading Role in Philanthropy 50" By Alex Daniels and Maria Di Mento, The Chronicle of Philanthropy: "Bequests Put Conservative Billionaire Richard Scaife Atop List of America's 50 Biggest Donors" By Maria Di Mento and Drew Lindsay, indiana Business Journal: "Salesforce CEO: We're canceling travel to Indiana" By Jared Council, The Huffington Post: "The CEO Who Took On Indiana's Anti-LGBT Law And Won" By Alexander C. Kaufman, The Huffington Post: "Salesforce CEO Takes Radical Step To Pay Men And Women Equally" By Emily Peck, Fortune: "Salesforce CEO Marc Benioff Battles Georgia Over Gay Rights" By Jonathan Vanian, Atlanta Journal-Constitution: "BREAKING: Nathan Deal vetoes Georgia's 'religious liberty' bill" By Greg Bluestein, "Salesforce CEO: tech billionaires 'hoard their money' and won't help homeless", "Marc Benioff says he had rabbis and imams supporting the Prop C homelessness tax but not tech CEOs", "Salesforce to help workers leave states over abortion laws", "Salesforce offers to relocate employees and their families after Texas abortion law goes into effect", "The Gospel of Wealth According to Marc Benioff", https://en.wikipedia.org/w/index.php?title=Marc_Benioff&oldid=1140555626, This page was last edited on 20 February 2023, at 16:41. Marc Russell Benioff (born September 25, 1964)[2] is an American internet entrepreneur and philanthropist. He wears Hawaiian shirts to work and even named his dog "Koa," a word that means"daring warrior" in the native tongue. He also owned 23 acres of undeveloped land on the Waikoloa Beach Resort, which recently sold for $16 million. Several good earnings reports and sunny growth prospects have made the stock leap from one all-time high to another, with shares in the company now trading near historic highs of over $73. And Salesforce CEO Marc Benioff has been snapping up properties on the Big Island since as far back as 2000. [55] In October 2021, Benioff pledged a $200 million donation to plant trees and fund ecologically-focused entrepreneurs. The SFPD even took one of the Quadskis out for a spin last weekend. The Hawaiian Hall at the Bernice Pauahi Bishop Museum. Benioff came up with an idea that has generated millions of dollars for charitable causes from hundreds of tech companies. Marc sponsors free concerts annually. Anyone can read what you share. [42], In addition to founding Salesforce in 1999, Benioff also founded the Salesforce Foundation. Melanie Ide, the museums president and chief executive, said the museum was aware of a question about its history and provenance, adding that curators were doing additional research. The wood has been scientifically analyzed, she said, adding that further testing may be informative.. [64], In April 2015, Benioff announced that he would review salaries at Salesforce to ensure men and women were paid equally. . 03:28. To say the sale of "Lucky". And so the debate, and the uncertainty, goes on. as well as other partner offers and accept our. Attracted by the dreamy archipelago's heart-stopping natural beauty, year-round balmy weather, reassuring privacy and seclusion - plus a whole lot more besides - North America's uber-rich have been flocking to this tropical paradise in their droves, with everyone from Jeff Bezos and Mark Zuckerberg to Oprah Winfrey and Larry Ellison . He was making $1 million a year at Oracle by age 25. Salesforce CEO Marc Benioff loves all things Hawaii. The statue was returned back to Hawaii about a month ago, just one week before the Kilauea volcano erupted. But if a piece cannot provoke discussion or appreciation, what really is it worth?, Masterpiece or Mistake? It's a great city in California. Marc Benioff Address: Jackson St, San Francisco, CA 94118. The museums current Transformative Images exhibition, in which the figure is on show, presents it cautiously, describing it as long held in a private French collection, but not specifying when it was carved. We couldnt imagine that such a work could still exist in a private collection.. Mr. Benioff faces a number of challenges. He is said to have a place in the historical Presidio neighborhood and own a $28 million mansion in San Francisco's Billionaire Row, a cluster of 10 uber-expensive homes in the Pacific Heights area. One expert said he told Christies before the sale that the sculpture was the mate of a similar figure in the British Museum. DEVELOPER MEDIA KIT When deciding whether they would accept the gift, the Board of Supervisors valued the amphibious vehicles at$50,550 each. generally wont accept an auction receipt as an appraisal, said David Shapiro, a senior appraiser at Victor Wiener Associates in New York. Its not really something that should be held to help the power of one person.. He was hired as a creative advisor to the firm, founded by his friend Marc Benioff In January it fired nearly 8,000 workers despite hiring 30,000 since 2020 By Neirin Gray Desai For Dailymail.Com But some experts say it might not be as old, or as valuable, as the auction house claimed. Mr. Marc Benioff is a Co-Founder and serves as Co-Chief Executive Officer and Chairman at Salesforce. She described the carving as ``an incredible discovery. Lot 153 in Christies sale was cataloged as Hawaiian figure, kona style, circa 1780-1820, representing the god of war, ku ka ili moku. Hitherto unknown, with no documented history of ownership, the 21-inch sculpture, carved from wood of the Hawaiian metrosideros tree, was thought to have been acquired by Pierre Vrit from the dealer and collector Marie-Ange Ciolkowska during the 1940s, according to Christies. He strongly. INSIDE DESIGN After a bit of deliberation, the board ended up accepting the gift for use by emergency personnel. In September, he bought Time magazine for $190 million. Marc Benioff, who runs Salesforce, speaking at the World Economic Forum in Davos, Switzerland, in January 2020. . June 15, 2018. Marc Benioff says "capitalism, as we know it, is dead," and it is time for a new form of capitalism that focuses more on societal good. But he also lives the life of a rock star. New York CNN Business . He's worth about $3.8 billion,according to Forbes. And he advocates giving back. And because the stock is doing so well, he's up by about $1 billion from about a year ago. Salesforce CEO and billionaire Marc Benioff might be having buyer's remorse after some art world experts have called into question the value of a supposedly 200-year-old wooden statue he bought. His father, Russell, built a chain of apparel stores in San Francisco. Times Syndication Service. Salesforce CEO Marc Benioff has a net worth of $6.5 billion, according to Forbes.. Benioff is something of an anomaly among Silicon Valley CEOs he was actually born and raised in the San Francisco Bay Area.. Benioff worked at Oracle for 13 years before leaving the company to work on Salesforce full time.. Visit Business Insider's homepage for more stories. The billionaire signs his emails, Aloha, Marc, and likes wearing Hawaiian shirts. Its an incredible discovery, she added. It laid off 10 percent of its work force in the fall,. as well as other partner offers and accept our, NOW WATCH: The 13 best beaches in America. [34], In 2009, Benioff was named a Young Global Leader by the World Economic Forum, and is a member of its Board of Trustees. On the islands, he connected with locals and learned about many of the Hawaiian's traditions and customs, including the concept of Ohana. Also find the latest architecture, construction, home improvement and travel posts. [67], In an October 2018 interview with The Guardian, Benioff criticized other technology industry executives for "hoarding" their money and refusing to help the homeless in the San Francisco Bay Area. Besides the area, the physical condition is also excellent, and it is prepared with good construction materials. Welcome to Urban Splatter, the blog about eccentric luxury real estate and celebrity houses for the inquisitive fans interested in lifestyle and design. [7] He graduated from Burlingame High School in 1982. A Natural Entrepreneur In an interview with the NY Times, Benioff talked about how he was born an Entrepreneur and used to go around to people's homes to see if they needed antennas or CB radios repaired. He also owns a. Benioff is best known as the co-founder, chairman and CEO of the software company Salesforce, as well as being the owner of the magazine Time since 2018. Benioff is a former executive of his largest competitor today: Oracle. Apart from this, the pad is almost at the end of the street. The 20-inch-tall carving, created between1780 and 1819, has lived in a private collection in Paris since the 1940s. Check out this video to see the Quadski in action. He tends to wear not one but two wrist-worn fitness trackers, and he loves talking about his internet-connected toothbrush. [3][4], Benioff was raised in a Jewish family[5][6] in the San Francisco Bay Area. Benioff is a proponent of stakeholder capitalism, the belief that . In short, the house is super nice. He also owns a 5-acre estate on the Big Island, which he purchased for $12.5 million in 2000 and constructed over several years. Please enable Javascript to watch this video, Marc Benioff keeps one of these $40,000 amphibious vehicles at his house in Hawaii. The total number of rooms in this lovely home is almost ten. This private act of restitution came amid a growing clamor for Western collections to return ethnographic artifacts to their places of origin. The idea for Salesforce.com came during a meeting with Ellison. [29], As of February 2022, Benioff had an estimated net worth of US$8.31 billion according to Bloomberg Billionaires Index. Here are some of the most fascinating facts about Marc Benioff 1. [49], In 2019, the Benioffs donated $30 million to the Center for Vulnerable Populations for the Benioff Homelessness and Housing Initiative to study the impacts of homelessness, housing, and health. Benioff and his wife Lynne gave the statue to theBishop Museum in Honolulu, in an donation announced by the museum this week. The. I left my vacation in Hawaii to do this one. In order to improve our community experience, we are temporarily suspending article commenting, Marc Benioff keeps one of these $40,000 amphibious vehicles at his house in Hawaii. But now doubts have emerged about the sculptures age, inside and outside the Bishop Museum. 33. SEE ALSO:Marc Benioff has taken to wearing an American flag pin what could it mean? Its a spiritual item, Benioff told the Chronicle. Benioff founded Salesforce in 1999, and it is now a Fortune 150 . Heres what the first half of Is Californias drought finally over? In the late '90s, our CEO Marc Benioff wanted a break. # 338 Marc Benioff $6.89B Random fact: Owns a 7,600-square-foot home in Hawaii. He's been known to hang with: Deepak Chopra, MC Hammer, Richard Branson, David Bowie, Uma Thurman, Colin Powell,Billy Graham, the Dalai Lama, Chris Rock, and Zen monks in Kyoto. he hired a cruise ship to provide extra hotel space. [3][7], On September 16, 2018, Marc and his wife Lynne bought Time for $190 million. Benioff has long been known as one of the most flamboyant, philanthropic, larger-than-life personalities in the tech industry. Its unclear where the carving was before that. A few of them include Zuora, Path, Clinkle, Urban Compass,Blackjet, and many others. The foundation uses a "1-1-1" approach to corporate philanthropy, where the company gives one percent of employee time as volunteer hours, one percent of its product and one percent of its revenue to charitable causes. NEW DEVELOPMENTS, Haute Residence is brought to you by Haute Media Group | Disclaimer. Its the sort of thing you see in a tiki bar, said Daniel Blau, an expert in the art of the Pacific islands who is based in Munich. This was a departure from his philanthropic endeavors. Three years later, he became the youngest person in the company's history to earn the title of vice president. He worked for Steve Jobs writing software for the Macintosh division. During corporate retreats in Hawaii, he leads his executive team into the surf . But the two had an epic fallout when their companies began to compete. He decided to take a sabbatical, so he rented a beach house in Hawaii (doesn't get much more relaxing than that). It is in the ``Kona style,'' made by carvers in that area of the largest of the Hawaiian islands during the reign of Kamehameha I, according to the Bishop Museum. Benioff is regarded as a visionary. S.F. When Salesforce opened offices in France, Benioff was invited to dine with French President Francois Hollande (pictured), too. . Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. As people left, they were handed a box and inside was a book about spiritual growth by Yogananda called the "Autobiography of a Yogi. Benioff is a new-age guy who loves yoga and meditation. In 2018, the tech billionaire Marc Benioff donated a wooden statue of a Hawaiian war god he had bought at auction for about $7.5 million to the Bernice Pauahi Bishop Museum in Honolulu. [47], In 2016, Benioff announced a $10 million donation to the University of California - Santa Barbara to establish the Benioff Ocean Initiative. [24][25][26], Benioff is a member of Business Roundtable, an advocacy group of CEOs, and the Business Council. He helped create a whole new category of tech called "software as a service.". I was concerned that its history only went back to the 1930s.. No wonder Marc Benioff, Jack Dorsey, George Soros, Don and Doris Fisher and Tom Steyer snatched up homes when they could. Benioff is considered a marketing genius, too. He is the Founder of TIME Ventures. This figure could stand on the world stage., Ms. Kloman declined to comment on the doubts subsequently raised about the sculpture, but a Christies representative said last week in an email that it was an important rediscovery that is sure to inspire continued scholarship and interest.. He says he has $9 billion already under contract. It's possible that he enjoys living a normal life whenever he can. He also gives to the local schools, and he launched SF Gives, an organization that encourages tech companies to give to Bay Area charities. Having been bought at auction for more than $50,000, the sculpture would have to be appraised by the I.R.S. He was one of the youngest executives ever at Oracle. Im 90 percent sure its a Bennet piece, Mr. Harding said. [70][71], Last edited on 20 February 2023, at 16:41, Benioff Homelessness and Housing Initiative, http://www.worldcat.org/identities/lccn-n2009036451, "Time Magazine Is Bought by Marc Benioff, Salesforce Billionaire", Jerusalem Post: "Jews take 5 of top 6 spots in annual list of top US givers" By JACOB BERKMAN, Jewish Philanthropy: "Jewish Philanthropy 2.0", "The rise of Marc Benioff, the bombastic owner of Time Magazine who just became Salesforce's sole CEO, has an $8 billion fortune, and owns a 5-acre compound in Hawaii", San Francisco Gate: "Marc Benioff, CEO, makes philanthropy a priority" by Casey Newton, "Frat Boys Are Taking Over The Tech World", "ROM Fun: Survey of recent cartridge games", "The Fabulous Life Of Tech Billionaire Marc Benioff", "A teenage Marc Benioff cold-called an Apple executive and got his dream internship", "The stratospheric rise of Marc Benioff and Salesforce", Salesforce Blog: "Marc Benioff: How to Turn a Simple Idea into a High-Growth Company" By Marc Benioff, "The story of why Marc Benioff gifted the AppStore.com domain to Steve Jobs", "WSJ News Exclusive | Nuclear-Fusion Startup Lands $1.8 Billion as Investors Chase Star Power", "Commonwealth Fusion, Backed by Gates, Soros, Benioff, Raises $1.8B", "NCX raises $50M for natural capital markets", "Marc Benioff backs start-up that uses satellites to count trees and pays people not to cut them down", "Universal Hydrogen Raises $62 Million in Series B", "Satellite imagery company Planet Labs is going public, backed by Google, BlackRock and Marc Benioff", "Planet Labs Looks to Expand Software Offerings, Win New Customers with IPO Funds", "IonQ Takes Quantum Computing Public with A $2 Billion Deal", "Top execs discuss 'mission that's above profits' in Detroit event", "Marc Benioff says CEOs must be held more accountable and pay more taxes, too | CNN Business", "Salesforce promotes Bret Taylor to co-CEO alongside Benioff", "The goodness business: how woke capitalism turned virtue into profit", "Billionaire CEO Marc Benioff is writing a sequel to his best-selling memoir about Salesforce and wants your help", "Salesforce CEO Marc Benioff explains why a Hindu guru and Colin Powell were critical mentors", "World Economic Forum Announces New Batch Of Young Global Leaders (Mark Zuckerberg, Chad Hurley, Kevin Rose And More)", "C.E.O.s Were Our Heroes, at Least According to Them", Barron's: "World's Best CEOs" By Andrew Bary, The Economist: "And the winners were" By The Economist Staff, Fortune: "Vote: Businessperson of the Year - Championship Round" By Fortune Editors, Fortune: "The World's 50 Greatest Leaders" By Geoff Colvin, "The Best-Performing CEOs in the World, 2019", "Marc Benioff of Salesforce is the CNN Business CEO of 2020", "Marc Benioff Reached Millionaire Status by Age 25 -- and 9 Other Things to Know About the Co-Founder of Salesforce", "Salesforce CEO Marc Benioff: The big giver", "Gut check: Benioffs donate $35 million to further study of microbiome at UCSF, Stanford", https://philanthropynewsdigest.org/news/benioffs-give-35-million-for-ucsf-prostate-cancer-research-initiative, "Benioff's new philanthropic mission: The oceans", "Benioffs and Salesforce put $300m into combating climate change on eve of COP26 | Computer Weekly", "UCSF Launches New Benioff Homelessness and Housing Initiative with $30M Gift", "Marc Benioff picks a new fight with Silicon Valley over trees", "Marc Benioff's $25 Million Blitz to Buy Protective Gear from China", "San Francisco has 75 billionaires. ", Benioff said Jobs' final message was clear: "Look inside yourself and realize yourself.". Benioff recently made the news as a good neighbor by coordinating the donation of 1 million face masks to Hawaii County Civil Defense through the University of California San Francisco, where. This is a very, very big deal.. [30], Benioff has co-written four books about business and technology. When deciding whether they would accept the gift, the Board of Supervisors valued the amphibious vehicles at $50,550 each. A Bay Area native, Jill earned a master's degree in journalism at the University of Colorado, Boulder and a bachelor's degree from the UC Santa Barbara. He reportedly bought the land for $12.5 million in 2000 and spent years designing it, even launching his own construction company to build it, The Wall Street Journal reported back in 2006. I was very successful. He said at a 2012 conferencethat he spends about a third of his total time at his vacation home. It has six bedrooms, seven full and two half bathrooms, and 9,821 square feet of interior space, according to Honolulu Magazine. The San Francisco billionaire and island enthusiast purchased a rare carving of the Hawaiian war god Ku at a Christie's auction this past November. Dead or brown grass can make the yard look dull and uninviting. Such a wide discrepancy in valuation could be a concern for the Internal Revenue Service, should Mr. Benioff wish to claim the donation on his tax return, as well for museumgoers having to pay as much as $24.95 to see the sculpture in Honolulu. Benioff was inspired by the Patagonia's founder 's recent decision to transfer his ownership and ensure the company's future profits go to charitable organizations focusing on environmental. The kii is 20 inches tall and stands in a warrior pose. By clicking Sign up, you agree to receive marketing emails from Insider The carving was returned to the islands about a month ago -- the land-eater idol arriving about a week before the eruption of the Kilauea volcano -- the timing of which was not lost on Benioff. Salesforce CEO Marc Benioff loves all things Hawaii. 430. He has owned plenty of other real estate, especially various homes in San Francisco. "[16] This was a slogan he used frequently to preach about software on the Web, and used as a guerilla marketing tactic against the dominant CD-ROM CRM competitor Siebel at the time. In 2012 he tweeted: "I miss my Trs-80, Atari, Amiga, and Commodore 64. :). Her work has generated changes to state law and spurred political and community action to address local needs. Missionaries presumably boxed it up along with other sacred Hawaiian relics and sent it to Europe. Salesforce CEO Marc Benioff speaks onstage during the TechCrunch Disrupt San Francisco event in San Francisco on Oct. 3, 2019. It was estimated to sell for 2 million to 3 million euros, or $2.3 million to $3.4 million. Benioff loves music. The timing was not lost on Benioff, according to the Chronicle. And one of the things he likes to do while he's there is ride a Gibbs Quadski XL, an all-terrain vehicle that can instantly transform into a watercraft. He wears Hawaiian shirts to work and even named his dog "Koa," a word that means"daring warrior" in the native tongue. Benioff has rented out the entire San Francisco Giants stadium for a corporate event, and he once got David Bowie to perform at a Salesforce Foundation soiree at Carnegie Hall. Furthermore, he was also a social activist. In 2016 it was listed at $19.7 million. His company incorporates the aloha spirit a belief in treating others with love and respect that translates into a corporate mission that includes spending 1 percent of its profit on philanthropic endeavors. Benioff said he learned of the piece only a day before the auction, when Danny Akaka Jr., Hawaiian cultural practitioner and Bishop Museum board member, called to ask for the billionaires help. SAN FRANCISCO -- A 200-year-old carving of the war god Ku has returned home to Hawaii after spending untold years abroad and in the hands of private collectors. "[40], In 2019, he was recognized as one of the 10 Best-Performing CEOs by Harvard Business Review[41] and as the CNN Business CEO of 2020. Finally, I hope you enjoyed reading about Marc Benioff's home. The tech billionaire Marc Benioff donated the statue to a museum in Honolulu. The Hawai'i State Department of Education and Salesforce Chair & Co-CEO Marc Benioff and his wife Lynne are partnering to fund $3 million in . Moreover, the residence is surrounded by various other charming houses. In addition, Marc Benioff is a great philanthropist. The carving, made sometime between 1780 and 1819, had been in the collection of Claude Verite, a Paris-based art dealer, who apparently acquired it in 1940. Salesforce CEO Marc Benioff and his wife,. Wearing Hawaiian shirts than $ 5,000 lifestyle and DESIGN by the Museum this week business and technology to a in... Resort, which recently sold for $ 190 million with other sacred Hawaiian relics and sent it Europe! Make the yard Look dull and uninviting number of rooms in this lovely home is almost the... Square feet of interior space, according to Honolulu magazine amphibious vehicles at his vacation home other. Billion already under contract, according to the Chronicle Chairman at Salesforce in Davos, Switzerland, addition! Zuora, Path, Clinkle, Urban Compass, Blackjet, and the,. 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