Robert Pera Biography
Robert J. Pera is an American entrepreneur, born on 10th of March 1978. He is best known for being the founder of Ubiquiti Networks, Inc. and the man who became the owner of the Memphis Grizzlies professional basketball team.
Have you ever wondered how rich Robert Pera is? According to sources it has been estimated that Robert Pera’s overall net worth is $2.1 billion, his impressive wealth from founding and developing today’s successful communications technology company that makes wireless products.
Robert Pera Net Worth $2.1 Billion
Since he was raised in Silicon Valley, Pera established his first computer services company while he was in high school. During his schooling he was also a member of the high school’s basketball team. He decided to enroll the University of California in San Diego, where he was a member of the Phi Beta Kappa fraternity. He graduated with a BSc in Electrical Engineering and a BA in Japanese Language. Upon graduation, he stayed on to complete his masters studies in Electrical Engineering, specializing in Digital Communications and Circuit Design.
As an admirer of Steve Jobs, Pera started working for Apple Inc. where he tested Wi-Fi devices, and after noticing that their power sources were very low, he suggested boosting their power which could drastically increase their transmission range. However, his bosses at Apple rejected the idea which led to Pera building his own WiFi module, and spending the next year testing prototypes, and by 2005 being able to launch his own business, Ubiquiti Networks. He founded the company with a small amount of personal savings and a credit card debt.
In the beginning his products used existing WiFi to deliver internet to rural areas and emerging markets. By 2009 Pera’s company was selling a standalone system which delivered WiFi internet along with antennas, base stations and other gear. Today, the company has other product lines such as wireless access points, traditional networking equipment and security cameras. In 2015 one of Ubiquity’s products broke a world record for wireless broadband distance – a stable connection between Los Angeles and Las Vegas. This business contributes the major part to Robert’s net worth.
Showing his interest in basketball, Robert purchased a 25% stake in the NBA’s Memphis Grizzlies in 2012 and today he is the chairman and the owner of this team which is now valued at around $500 million.
In private life, Pera is committed to making a positive change in the community. An athlete himself when he was in high school, Robert invests a lot through the Grizzlies Foundation, mostly in youth mentoring and development, preparing young high school graduates for college success and securing healthy exercise spaces. Therefore, the Grizzlies became the first professional sports team to receive the President’s Council on Fitness, Sports and Nutrition Award. When it comes to other interests, Pera likes to play pickup basketball with his friends every week and also cross-fit training and running his personal blog. Not much is known about his personal life, except for the fact that, at age 36, he found himself on Forbes’ list of 10 world’s youngest billionaires.