Enterprise

9 Things You Didn't Know About Salesforce.com Billionaire Marc Benioff

Read in app
Marc Benioff
Salesforce.com CEO Marc Benioff  TechCrunch

Salesforce.com co-founder and CEO Marc Benioff has lived a charmed life and he's currently on a roll.

His company turned 15 years old this year, and is on pace to have record breaking sales of about $5.5 billion, the first cloud computing company to hit the $5 billion mark.

Benioff has spent much of the year in Europe to expand his company. He's also signed a record-breaking real estate lease in his home town of San Francisco to build two towers and other office buildings for more expansion there.

Benioff's fortunes have risen with his company. Although he was a millionaire by age 25 working for Larry Ellison at Oracle, he's now one of San Francisco's richest people, with a net worth of about $3.3 billion, according to Forbes.

On Tuesday, Benioff appeared on stage at the TechCrunch Disrupt conference, as he does every year, and talked about the state of his company, his industry and what matters most to him (hint: his philanthropy).

Here are some of the surprising details he revealed about himself.

1. When he travels, he mostly stays in Airbnb rentals. This, even though he can afford the most luxurious hotels.

2. He had to pay extra to get his name on the building of the Benioff Children's Hospital. He's donated about $250 million to date to build the new hospital.

"I didn't really want to [put my name on it] but they made a good case (and it's actually worked out) that we would inspire others," he told TechCrunch's Mike Arrington. That did work out. The new facility actually includes the Barbara Bass Bakar Cancer Hospital, and the Betty Irene Moore Women's Hospital (wife of Intel founder Gordon Moore), too.

3. Bill Gates is contributing to his Children's Hospital. With the Gates Foundation, the hospital is building a pre-term birth center at the Benioff Children's Hospital.

4. Those free concerts that Benioff throws as part Salesforce's huge annual customer conference in San Francisco are actually fundraisers for the hospital, via sponsorships. He expects to raise $6-$8 million a year for the concert from this year's Bruno Mars concert.

5. Benioff thinks San Francisco is in a "gold rush" right now that will crash. That's why he's pushing other tech CEOs to donate more to charity. When this "boom is done, which inevitably happens," he says, he wants to be able to look back and said that the tech industry used the time well to improve schools, hospitals, shelters, "the safety net."

5. He's about to announce another "huge" donation to San Francisco schools on Friday. Salesforce has already donated nearly $8 million to local schools to buy tech, including a $5 million grant earlier this year, reports the San Francisco Business Journal.

6. Benioff is surprised at how San Francisco has become the Valley's tech hub. "We never thought that San Francisco would be the heart and soul of the tech community. It used to be down in Sunnyvale and Cupertino," he says.

Salesforce is one big reason. It's the largest tech employer in the city, with 5,000 employees (out of over 13,000) in San Francisco proper with thousands more to come to fill its new tower office buildings.

7. He's not a Democrat. Although he's known for supporting President Obama's elections, Nancy Pelosi and other Democrats. But he says, "I'm not a Democrat and I'm not a Republican. I'm an American. If I like someone I'll give them money, but I'm not particularly close to anyone."

8. He thinks Tim Cook is doing a great job with Apple. "I told my mom to buy Apple stock," he says. Benioff had a very close friendship with Steve Jobs, who he credits for mentoring him when Salesforce.com was young.

9. He was not satisfied being a 25-year-old millionaire at Oracle.  He says he had a spiritual awaking during a trip to India. "When I came to Oracle, I was 21 years old. When I was 25, I was the youngest VP. I was very successful. I had what I thought I wanted. My million-a-year salary, my social life, my condo. But there was something more that I wanted." He and another tech exec took a trip to India where they spent an evening with a spiritual guru who told them, "Don't forget to do something for other people."

And that's what stuck with him. Benioff is famous for creating the 1-1-1 model of philanthropy in which tech companies donate their product, time and money to charity from the start. He's also created SF Gives to try and push companies working in the Valley to give more to local charities.

Read next

Julie Bort was Business Insider's Editor at Large for the Tech team. She loves investigating stories and shedding light on the tech industry's most amazing people.Here's a small sample of some of Julie's work.Former Pinterest employees describe a traumatic workplace where managers humiliate employees until they cry, Black people feel alienated, and the toxic culture 'eats away at your soul'Sex, tequila, and a tiger: Employees inside Adam Neumann's WeWork talk about the nonstop party to attain a $100 billion dream and the messy reality that tanked itInsiders say WeWork's IT is a patchwork of cheap devices and Band-Aid fixes that will take millions to fixWeWork's toxic phone booths were created in-house by its Powered by We business70-hour weeks and 'WTF' emails: 42 employees reveal the frenzy of working at Tesla under the 'cult' of Elon MuskElon Musk works so many hours at Tesla, employees are constantly finding him asleep under tables and desksHow this woman went from a Pizza Hut employee to a founder of a $4 billion startupAn Oracle insider explains how some salespeople gamed the system to sell more cloudTHE TAKEDOWN OF TRAVIS KALANICK: The untold story of Uber's infighting, backstabbing, and multimillion-dollar exit packagesMicrosoft is in talks to buy GitHub, a startup at the center of the software world last valued at $2 billionThe alarming inside story of a failed Google acquisition, and an employee who was hospitalizedInside Facebook's plan to eat another $350 billion IT marketHow a registered sex offender wound up living in an Airbnb hosting unsuspecting guestsA controversial ex-banker is the person who really runs Twitter — and he's gambling the company's future on one risky betSecret passages and skipped meals: Oracle's CEO gave us a rare peek at what it really takes to run a $37 billion companyHP told some employees to choose between becoming contractors with no benefits or being fired without severance'I felt like we were being extorted': Customer says Oracle tried to strong-arm him into a cloud saleHow the queen of Silicon Valley is helping Google go after Amazon's most profitable businessAirbnb host: A guest is squatting in my condo and I can't get him to leaveLIES, BOOZE, AND BILLIONS: How one of the fastest-growing startups in Silicon Valley history raised $580 million then spiraled out of controlGitHub is undergoing a full-blown overhaul as execs and employees depart — and we have the full inside storyWhen she's not writing for Business Insider, Julie can usually be found on the trails, on my mountain bike, or on my skis, if you know where to look.