Ken Zhi Net Worth: Ken Zhi is a Chinese-American businessman with a net worth of $ 3.5 billion. Ken earned his fortune as a co-founder of the cybercity firm Fortinet. Ken owns 7.8% of Fortinet which is publicly traded under the ticker FTNT. He and co-founder / brother Michael (who owns 7%) became billionaires in 2009 when the company went public. FTNT has a market cap of $ 25 billion as of this writing.
Ken Xie was born in Beijing, China in 1963. He graduated from Tsinghua University with a BS and MS in Electrical Engineering. He then did his MS in Electrical Engineering from Stanford University.
In 1993, Ken founded the network security company System Integration Solutions (SIS). A few years later, he created the world’s first ASIC-based firewall / VPN device. This was a revolutionary achievement. He created the app in his garage in Palo Alto, California. In 1996, he co-founded NetScreen Technologies. In 2004, NetScreen was acquired by Juniper Networks for $ 4 billion.
In 2000 Ken co-founded Fortinet with his brother Michael. He founded the company with the belief that security should be encrypted end-to-end, with end-to-end encryption becoming the standard with many communications platforms and apps around 20 years ago. Their first product was a firewall called FortiGate. Today Fortinet is a market-leader in firewalls, anti-virus and other cyber security software. In 2004 the brothers raised $ 90 million in private funding. He made the company public in 2009, raising $ 156 million in the process. As we mentioned earlier, today FTNT is worth more than $ 25 billion. Ken owns 7.8% of the company, with his brother Michael holding 7%. Fortinet generated $ 2.16 billion in revenue and $ 110 million in operating income in 2019.
personal life: Ken and his wife have three children, two sons and a daughter. Their oldest child, daughter Jamie Zee, is a fashion influencer and reality television star, who became widely renowned as a cast member in the Netflix reality series “Bling Empire” in January 2021.