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Ryan Smith

Ryan Smith

R. Smith
0% | + $0.00M
$2.64 B ₹ 24,038 Cr
Real Time Net Worth #1564 Ranking as of 21 Feb 2026 By Forbes

More on Ryan Smith

Gender

Male

Age

48Y

Country

United States

Born On

February, 1978

Deceased

No

Relationship Status

Married

Children

5

Education

Brigham Young University – BS In Business Management

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Software)

Primary Organization

Qualtrics

Titles

Co-Founder & Executive Chairman

Sources of Wealth

Qualtrics

Industry

Technology, Software, Sports

About Ryan Smith


R yan Smith is an American entrepreneur who co-founded and leads Qualtrics, a leading experience management software company. While studying at Brigham Young University, Smith, along with his father and brother, started Qualtrics in his family's basement in 2002. The company's software helps organizations collect and analyze data on how customers, employees, and others experience their products and brands. Initially, the business was focused on providing survey tools for academics, but Smith saw the larger potential in the corporate market.

As CEO, Ryan Smith shifted the company's focus to enterprise clients, transforming Qualtrics into a major player in the 'experience management' category. The company was on the verge of an IPO in 2018 when it was acquired by the software giant SAP for $8 billion. Smith continued to run Qualtrics as a division within SAP. In a strategic move, Qualtrics was later spun out of SAP and went public in a successful 2021 IPO, before being taken private again in 2023. A passionate sports fan, Smith fulfilled a lifelong dream in 2020 when he purchased a majority stake in the Utah Jazz of the National Basketball Association (NBA).

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Quick Reads


  • Co-founder and Executive Chairman of experience management company Qualtrics.
  • Started Qualtrics in his family's basement with his father and brother.
  • Sold Qualtrics to SAP for $8 billion in 2018.
  • Majority owner of the NBA's Utah Jazz.
  • Attended Brigham Young University's Marriott School of Business.

Early Life and Background


Ryan Smith is an American businessman, the self-made billionaire Co-founder and Executive Chairman of Qualtrics International Inc. (NASDAQ: XM), a global leader in Experience Management (XM) software. His career is rooted in technology, software development, and entrepreneurial audacity.

Smith dropped out of Brigham Young University (BYU) to pursue his business full-time. His philosophical approach centers on technological excellence, scale efficiency, and long-term commitment to customer/employee experience (pioneering the concept of Experience Management). He co-founded Qualtrics in 2002 with his father, Scott Smith.

  • Qualtrics International Inc. (Co-founder & Executive Chairman): The core publicly traded asset, a global leader in Experience Management (XM) software (acquired by SAP for $8 billion in 2019, and later spun off/IPOed in 2021).
  • Sports Ownership: He is the Controlling Owner of the Utah Jazz (NBA) (acquired in 2020).
  • Academic Note: He dropped out of BYU (reflecting his self-made status).
  • Investment Strategy: His philosophy is rooted in long-term investment in SaaS IP and leveraging the massive global growth of enterprise software (specializing in customer feedback/data).

Career Journey of Ryan Smith


Ryan Smith's strategic genius was his commitment to integrating customer feedback with operations. He co-founded Qualtrics in 2002, initially focusing on survey software for academics. He successfully pivoted the company to Experience Management (XM) (integrating customer, employee, and brand data). The $8 billion sale to SAP in 2019 secured his initial massive fortune.

His public focus shifted to sports ownership in 2020 when he acquired a controlling stake in the Utah Jazz (NBA) for $1.66 billion. He remains Executive Chairman of Qualtrics. His wealth is secured by the colossal liquid gains from the SAP acquisition and the immense, long-term appreciation of the Utah Jazz franchise.

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Ryan Smith's Timeline


2002:

Co-founds Qualtrics International Inc. with his father, Scott Smith (Founding).

2019 (January):

Qualtrics is sold to SAP for $8 billion (Major Exit).

2020 (October):

Acquires a controlling stake in the Utah Jazz (NBA) for $1.66 billion (Sports Acquisition/Apex).

2021 (January):

Qualtrics executes its IPO on the NASDAQ (Financial Milestone).

Ongoing:

Continues as Executive Chairman of Qualtrics and Controlling Owner of the Utah Jazz (Executive Oversight).

Major Business Ventures and Investments


Ryan Smith's wealth is concentrated in the liquid capital generated from the $8 billion sale of Qualtrics to SAP and his controlling ownership of the Utah Jazz (NBA).

  • Qualtrics International Inc. (Co-founder & Executive Chairman): The core publicly traded asset, a global leader in Experience Management (XM) software (acquired by SAP for $8 billion in 2019, and later spun off/IPOed in 2021).
  • Utah Jazz (NBA) (Controlling Owner): The NBA franchise he acquired in 2020 for $1.66 billion.
  • Academic Note: He dropped out of BYU (reflecting his self-made status).
  • Investment Strategy: His philosophy is rooted in long-term investment in SaaS IP and leveraging the massive global growth of enterprise software (specializing in customer feedback/data).

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Philanthropy and Social Impact


Ryan Smith's social impact is structural, stemming from Qualtrics's role in providing essential feedback and data analysis software for global businesses. His ownership of the Utah Jazz is a major civic asset. His Smith Family Foundation supports various educational and community initiatives (including his commitment to STEM education). His structural contribution is tied to the successful industrialization and scale of the specialized SaaS sector.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Ryan Smith maintains the professional, high-energy style of a technology executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and confident disruption, typical of a pioneer in the specialized SaaS sector.

Residing in Provo, Utah, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to technology innovation, sports ownership, and strategic management.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Co-founder and Executive Chairman of Qualtrics (Experience Management software).
  • He sold Qualtrics to SAP for $8 billion in 2019 and later spun it off/IPOed.
  • He is the Controlling Owner of the Utah Jazz (NBA) (acquired for $1.66 billion).
  • He dropped out of BYU to start his business.
  • His fortune is tied to the successful monetization of the enterprise software SaaS model.
  • He holds an estimated net worth of $1.8 billion (2024 estimate).
  • His philosophy emphasizes customer experience and technological excellence.

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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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