Our CEO never liked shareholders! "65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million
Published Wed, Jul 24 2024 2:43 PM EDT
Updated Wed, Jul 24 2024 2:45 PM EDT
Tom Huddleston Jr.
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Jay Chaudry, founder and chief executive officer of Zscaler Inc.
Bloomberg | Bloomberg | Getty Images
When Jay Chaudhry sold his first company for $70 million, he focused less on his own riches, he says — and more on how the deal could turn dozens of his employees into millionaires.
Chaudhry, 65, is known today as the billionaire founder and CEO of Zscaler, a cloud cybersecurity firm valued at roughly $28 billion, as of Wednesday afternoon. Back in 1998, he was a first-time entrepreneur selling the startup he launched with his wife Jyoti, SecureIT, to VeriSign in an all-stock deal for a huge windfall.
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