Scott McNealy, an American business executive, has a net worth of $1 billion and a salary of approximately $1 billion.
Scott McNealy was born in Columbus, Indiana on November 13, 1954 and raised in Bloomfield Hill, Michigan.
He is best known as a co-founder of technology giant Sun Microsystems. After completing his undergraduate studies in economics at Harvard, he pursued an MBA program at Stanford University.
McNealy progressed from Stanford to becoming a manufacturing director at Onyx Systems.
While working at Onyx in 1982, Vinod Khosla, a fellow Stanford alumnus, approached Scott about the possibility of helping him establish and lead Sun Microsystems, a small technology company.
During their time as graduate students, Vinod’s co-founder Andy Bechtolsheim introduced the “Stanford University Network” computer workstation, to which the “SUN” name actually translates.
The company became profitable within the first year. McNealy was appointed as the CEO of Sun in 1984, replacing Khosla.
After 22 years as CEO, he resigned in 2006. “JAVA” was the name given to the company after it went public with the ticker symbol “SUNW” in 1986.
Like most tech companies, Sun Microsystems experienced a surge in business during the dotcom boom of the late 90s and early 2000s.
The company withdrew after the bubble burst. The stock’s value dropped from over $100 per share during the bubble’s peak in 2001 to under $10 per share in 2002.
The company’s recovery was fortunately and uneventful. Oracle Corporation purchased Sun Microsystems for $7.4 billion in January 2010.
