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Marc Benioff

Marc Benioff

M. Benioff
-0.04% | - $-2.93M
$7.53 B ₹ 68,455 Cr
Real Time Net Worth #505 Ranking as of 21 Feb 2026 By Forbes

More on Marc Benioff

Gender

Male

Age

61Y

Country

United States

Born On

September, 1964

Deceased

No

Relationship Status

Married

Children

2

Education

University Of Southern California - BS In Business Administration

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Software)

Primary Organization

Salesforce

Titles

Founder, Chairman & CEO

Sources of Wealth

Salesforce

Industry

Software, Technology, Cloud Computing, Philanthropy

About Marc Benioff


M arc Benioff is a trailblazing American technology entrepreneur, philanthropist, and the founder, chairman, and CEO of Salesforce, a global giant in cloud-based software. After a successful career at Oracle, where he became the company's youngest-ever vice president, Benioff left in 1999 to pursue a revolutionary idea: delivering enterprise software over the internet. This concept, known as Software-as-a-Service (SaaS), was radical at a time when companies bought and managed their own software on their own servers. He famously launched Salesforce with the marketing tagline "The End of Software."

His vision paid off spectacularly. Salesforce's customer relationship management (CRM) software became the industry standard, and the company grew into one of the largest and most successful software companies in the world. Benioff is also a pioneer of corporate philanthropy, integrating it directly into his company's business model from day one. He created the "1-1-1 model," where the company donates 1% of its equity, 1% of its product, and 1% of its employees' time to charitable causes, a model that has since been adopted by thousands of other companies. In 2018, he and his wife, Lynne Benioff, acquired Time magazine.

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Quick Reads


  • Founder, Chairman, and CEO of cloud software giant Salesforce.
  • Pioneered the Software-as-a-Service (SaaS) business model.
  • Salesforce is the global market leader in Customer Relationship Management (CRM) software.
  • Created the 1-1-1 model of integrated corporate philanthropy.
  • He and his wife, Lynne, purchased Time magazine in 2018.

Early Life and Background


Marc Russell Benioff is an American businessman, the self-made billionaire Co-founder, Chairman, and CEO of Salesforce (NYSE: CRM), the global leader in CRM (Customer Relationship Management) software and cloud computing. Born in San Francisco, California, in 1964, his career is rooted in software sales and technological innovation.

Benioff graduated from the University of Southern California (USC) in 1986 with a B.S. in Business Administration. His career began with an extraordinary 13-year tenure at Oracle, where he was the youngest Vice President (VP) in the company's history (at age 26). His philosophy centers on cloud-native software (SaaS), social responsibility (1-1-1 model), and stakeholder capitalism.

  • Salesforce (Co-founder, Chairman & CEO): The core publicly traded asset, the dominant global leader in CRM and cloud software (with a $250+ billion market capitalization).
  • Cloud Pioneer: He pioneered the SaaS (Software-as-a-Service) model, disrupting traditional on-premise software.
  • Philanthropy: He founded the 1-1-1 integrated philanthropic model (committing 1 percent of equity, product, and employee time to charity).
  • Time Magazine (Owner): He and his wife, Lynne Benioff, personally acquired Time Magazine in 2018 for $190 million.

Career Journey of Marc Benioff


Marc Benioff's strategic genius was his unwavering belief in cloud computing. In 1999, he co-founded Salesforce (with three partners), recognizing the structural shift away from traditional licensed software. The company successfully executed its IPO in 2004 and grew into the dominant CRM platform (competing with Oracle and SAP).

His structural contribution is immense: pioneering the SaaS model and developing the 1-1-1 integrated philanthropic model (a major standard for corporate social responsibility - CSR). He and his wife are major philanthropists, donating hundreds of millions of dollars to healthcare, education, and addressing homelessness in San Francisco. His wealth is secured by the colossal, long-term, stable profitability of the global cloud software and enterprise technology sector.

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Marc Benioff's Timeline


1986:

Graduates with a B.S. from USC (Business Administration) (Academic Achievement).

1990 (Age 26):

Becomes the youngest Vice President (VP) in Oracle's history (Executive Ascent).

1999 (March):

Co-founds Salesforce (Founding).

2000 (approx.):

Founds the 1-1-1 integrated philanthropic model (Philanthropic Milestone).

2018:

Acquires Time Magazine with his wife, Lynne Benioff (Media Acquisition).

Ongoing:

Continues as Co-founder, Chairman, and CEO, guiding the global software giant (Executive Oversight).

Major Business Ventures and Investments


Marc Benioff's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded software giant, Salesforce (NYSE: CRM), and his private investments.

  • Salesforce (Co-founder, Chairman & CEO): The core publicly traded asset, the dominant global leader in CRM and cloud software (with a $250+ billion market capitalization).
  • Cloud Pioneer: He pioneered the SaaS (Software-as-a-Service) model, disrupting traditional on-premise software.
  • Philanthropy: He founded the 1-1-1 integrated philanthropic model (committing 1 percent of equity, product, and employee time to charity).
  • Time Magazine (Owner): He and his wife, Lynne Benioff, personally acquired Time Magazine in 2018 for $190 million.

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Philanthropy and Social Impact


Marc Benioff is a major global philanthropist and a leading voice for stakeholder capitalism. His structural social impact is tied to Salesforce's pioneering 1-1-1 philanthropic model, which transformed corporate giving globally. His personal philanthropy, including a $100 million gift to the UCSF Benioff Children's Hospital, is massive and structural, addressing critical healthcare and educational needs.

His structural contribution is tied to his belief in technology as a platform for social good and his influential role in global technology and CSR policy.

Fashion, Style, and Lifestyle


Marc Benioff maintains the highly professional, yet outspoken, style of a technology CEO. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects stability and immense corporate authority, often contrasted with his commitment to Hawaiian shirts (a reflection of his love for Hawaii).

Residing in San Francisco, California (and Hawaii, where he owns vast land), his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to software innovation, stakeholder capitalism, and philanthropic reform.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and CEO of Salesforce (CRM/Cloud Software).
  • He was the youngest VP in Oracle's history (at age 26).
  • He co-founded the 1-1-1 philanthropic model (1 percent of equity, product, and time to charity).
  • He and his wife personally acquired Time Magazine in 2018.
  • He donated $100 million to the UCSF Benioff Children's Hospital.
  • He is known for his love of Hawaiian culture and the Hawaiian shirt.
  • His wealth is tied to the successful monetization of the Software-as-a-Service (SaaS) model.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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