"Ohana," Hawaiian for family, is a core tenant of the company's culture. He wears Hawaiian shirts to work and even named his dog "Koa," a word that means"daring warrior" in the native tongue. Besides being a co-founder, he is famous as a chairman and co-CEO of this widely-known software company. By NANCY COOK LAUER West Hawaii Today | Sunday, October 11, 2020, 12:05 a.m. Kona hospital workers in May, 2020, welcome a shipment of masks from billionaire Marc Benioff. His full name is Marc Russell Benioff. But Julian Harding, a respected private dealer and expert in Pacific Island artifacts, said in by telephone last week that he remained convinced that the wooden war god was a masterpiece of Oceanic art., If I had $7 million to spend, he added, I would have spent it on that figure.. SIMPLY PUT - where we join the dots to inform and inspire you. Its the sort of thing you see in a tiki bar, said Daniel Blau, an expert in the art of the Pacific islands who is based in Munich. San Francisco, California, U.S. Marc Benioff lives in San Francisco, CA. Businesses are expected to spend $106 billion on SaaS in 2016, according to a Goldman Sachs study. Some have returned home, others not yet,'' Akaka said in a statement this week. Stay up to date with what you want to know. Access your favorite topics in a personalized feed while you're on the go. Salesforce CEO Marc Benioff paid $7 million to buy a carving of the Hawaiian god Ku at auction. One expert said he told Christies before the sale that the sculpture was the mate of a similar figure in the British Museum. Benioff is also friends with other tech billionaires including Michael Dell, CEO of Dell Computer. Subscribe Welcome to Urban Splatter, the blog about eccentric luxury real estate and celebrity houses for the inquisitive fans interested in lifestyle and design. "[40], In 2019, he was recognized as one of the 10 Best-Performing CEOs by Harvard Business Review[41] and as the CNN Business CEO of 2020. Ryan Aytay. He has donated about $250 million to build a new children's hospital with University of California at San Francisco. It has six bedrooms, seven full and two. It was a generous gift and one completely in tune with our cultural times. And he was forever inspired by, and friends with, Jobs. Over the years, many of Hawaiis cultural treasures have resided outside of Hawaii. Your email address will not be published. Im 90 percent sure its a Bennet piece, Mr. Harding said. he's up by about $1 billion from about a year ago. Moreover, the residence is surrounded by various other charming houses. Ellison invested $2 million as an angel and sat on the board for a while. But, because Salesforce is on fire,Benioff wanted $70 billion, reports said, and the negotiations fell through. It laid off 10 percent of its work force in the fall,. As people left, they were handed a box and inside was a book about spiritual growth by Yogananda called the "Autobiography of a Yogi. We felt strongly that this kii (Hawaiian for image) belonged in Hawaii for the education and benefit of its people, Marc Benioff said. The birth name of the boxer was Cassius Marcellus Clay Jr, and he was born in Louisville, Kentucky, on January 17, 1942. Marc Benioff, who runs Salesforce, speaking at the World Economic Forum in Davos, Switzerland, in January 2020. . "[39], In 2016, Fortune magazine named him one of the "World's 50 Greatest Leaders. [53] In April 2021, Benioff and Salesforce sent a plane filled with medical supplies to India to help the country handle the COVID-19 pandemic. He also owns a 5-acre estate on the Big Island, which he purchased for $12.5 million in 2000 and constructed over several years. 2022 UrbanSplatter.com, All Rights Reserved. Salesforce has seen its market value drop by roughly half since its peak in 2021, to $150 billion. After a bit of deliberation, the board ended up accepting the gift for use by emergency personnel. [35][36], In 2012, he was named one of the "Best CEOs in the World" by Barron's[37] and received The Economist's Innovation Award. [8] In 1979, when he was 15, Benioff founded Liberty Software, creating and selling games such as Flapper and King Arthur's Heir for the Atari 8-bit. [14] He joined Oracle Corporation in a customer-service role after graduating. Benioff came up with an idea that has generated millions of dollars for charitable causes from hundreds of tech companies. And one of the things he likes to do while hes there is ride a Gibbs Quadski XL, an all-terrain vehicle that can instantly transform into a watercraft. Check out this video to see the Quadski in action. Benioff is also the cousin of David Benioff, cocreator of the "Game of Thrones" TV series on HBO and son of former Goldman Sachs CEO Stephen Friedman. Adrienne Kaeppler, the curator of Oceanic Ethnology at the Smithsonian Institution in Washington and one of the worlds foremost experts on Hawaiian art, said in an email that Christies had contacted her about the figure before the sale. When Salesforce CEO Marc Benioff designed the layout of his company's flagship new building in San Francisco, he brought in Buddhist monks for help. No wonder Marc Benioff, Jack Dorsey, George Soros, Don and Doris Fisher and Tom Steyer snatched up homes when they could. [18], Benioff also serves on the World Economic Forum's Board of Trustees and USC Board of Trustees. Sitting with Marc Benioff on that balmy Hawaiian day, Howard Schultz knew Starbucks needed to embrace the digital revolution. Mr. Benioff, who would not comment for this article, currently has a net worth of about $6.8 billion, according to Forbes. Jill Tucker has covered education in California for 22 years, writing stories that range from issues facing Bay Area school districts to broader national policy debates. He owns a 5-acre estate in Hawaii Karl Hedberg/Honolulu Magazine Benioff built a huge compound on the island of Hawaii, the state's largest island. Such a wide discrepancy in valuation could be a concern for the Internal Revenue Service, should Mr. Benioff wish to claim the donation on his tax return, as well for museumgoers having to pay as much as $24.95 to see the sculpture in Honolulu. Benioff supported President Obama, hosting fund-raising dinners for the president at his house. NOW WATCH: Ian Bremmer: Why the American dream doesn't exist anymore, A former DocuSign CEO just raised $47 million as his startup gets closer to a $100 million milestone. Salesforce CEO and billionaire Marc Benioff might be having buyer's remorse after some art world experts have called into question the value of a supposedly 200-year-old wooden statue he bought. ``We couldn't imagine that such a work could still exist in a private collection.''. He ran sales and marketing during Oracle's early days, from 1986 to 1999. He was there in 1984 during the famous introduction of the Macintosh. Benioff founded Salesforce in 1999, and it is now a Fortune 150 . He was hired as a creative advisor to the firm, founded by his friend Marc Benioff In January it fired nearly 8,000 workers despite hiring 30,000 since 2020 By Neirin Gray Desai For Dailymail.Com Most of that wealth comes from the company he founded, Salesforce.com, where he is CEO. generally wont accept an auction receipt as an appraisal, said David Shapiro, a senior appraiser at Victor Wiener Associates in New York. The Benioffs, who own land in Hawaii, donated the carving to Bishop Museum in Honolulu, where they felt it belongs. [52] In April 2020, Benioff donated more than $1 million to Give2SF COVID-19 Response and Recovery Fund. Sign up for notifications from Insider! Marc Benioff Retweeted. He is "credited with turning the software industry on its head" by using the Internet to "revamp the way software programs are designed and distributed." Beniof ranks 218th on the Forbes 400 list, with an estimated net worth of $2.6 billion. It is in the Kona style, made by carvers in that area of the largest of the Hawaiian islands during the reign of Kamehameha I, according to the Bishop Museum. The payments to McConaughey, estimated at about $160m so far, were called out by the Wall Street Journal and come at a time when the company has laid off employees and cut back on monthly off . Benioff is a bona-fide gadget geek. The conference and party has grown so big that this yearhe hired a cruise ship to provide extra hotel space. It's called the 1-1-1 model. Anyone can read what you share. And this fund-raising has helped get other tech moguls, such as Bill Gates, to contribute. Benioff loves facing his fears in adventures like walking across hot coals with Tony Robbins. Additionally, we post on luxury, real estate, and celebrity homes on our Instagram, Twitter, Facebook, Pinterest, TikTok, and YouTube. "That new kind of . PC: state of Hawaii, Office of the Governor. He strongly. He started boxing when he was twelve. Marc Benioff has taken to wearing an American flag pin what could it mean? While an executive at Oracle, he decided to take a sabbatical and rented a beach hut on the Big Island of Hawaii. Salesforce CEO Marc Benioff paid $7 million to buy a carving of the Hawaiian god Ku at auction. Benioff, who also co-founded Salesforce, previously told CNBC he expects about 50% to 60% of the company's staffers to work remotely post-Covid, up from about 20% before the health crisis. And one of the things he likes to do while he's there is ride a Gibbs Quadski XL, an all-terrain vehicle that can instantly transform into a watercraft. DEVELOPER MEDIA KIT INTEGRATED MARKETING PLATFORM, INSIDE REAL ESTATE [33], In 2003, President Bush appointed Benioff co-chair of the President's Information Technology Advisory Committee. All rights reserved.For reprint rights. as well as other partner offers and accept our. The museum plans to make the carving a centerpiece in an exhibition opening in February. In September, he bought Time magazine for $190 million. [50], In January 2020, Benioff announced that he and his wife would provide financial backing for 1t.org to support a global initiative to plant and conserve 1 trillion trees over the next decade. Today every major software company is chasing him, including huge companies like Oracle, Microsoft, and SAP. The tech billionaire has since bought several lots near his house, ostensibly to increase his privacy. And he has begun to use his clout as a vehicle for social change far beyond the tech sphere. [65], In February 2016, Benioff announced that Salesforce would reduce investments in Georgia and cancel a conference if HB 757, a bill that would allow businesses to decline services to same-sex couples, was passed. A Hawaii Museums $7.5 Million Question, https://www.nytimes.com/2019/02/27/arts/design/hawaii-sculpture-bishop-museum-marc-benioff.html. His company's philanthropy arm, the Salesforce.com Foundation,has about a $20 million annual budget. The San Francisco couple then donated the piece to the Bishop Museum in Honolulu, which announced the acquisition this week. It felt like a once-in-a-lifetime opportunity to return something like this to its home, Benioff added. Three years later, he became the youngest person in the company's history to earn the title of vice president. Salesforce founder and co-CEO Marc Benioff is putting his money behind a lobbying push to impose a new tax on big companies that would raise money to help . @ryanaytay . George Bennet, a voracious collector, was on that voyage, and Mr. Harding believes that the figure sold at Christies was very likely from his personal collection. Check out this video to see the Quadski in action. His company incorporates the aloha spirit -- a belief in treating others with love and respect that translates into a corporate mission that includes spending 1 percent of Salesforce's profit on philanthropic endeavors. And Salesforce CEO Marc Benioff has been snapping up properties on the Big Island since as far back as 2000. Now he's promising that Salesforce will soon double that and become the fastest enterprise software company EVER to deliver $10 billion in revenue. In 2018, the tech billionaire Marc Benioff donated a wooden statue of a Hawaiian war god he had bought at auction for about $7.5 million to the Bernice Pauahi Bishop Museum in Honolulu. A 200-year-old carving of the war god Ku has returned home to Hawaii after spending untold years abroad and in the hands of private collectors. ``Over the years, many of Hawaii's cultural treasures have resided outside of Hawaii. [54], In October 2020, Marc and Lynne Benioff were founding partners of Prince William's Earthshot Prize, a program for finding solutions to environmental issues. 5. Furthermore, the city is a popular tourist destination and is a great place to live an extraordinary life. [68] In November, Benioff announced his support for San Francisco's Prop C measure that would increase taxes on large corporations to aid unhoused residents in the city. A Bay Area native, Jill earned a master's degree in journalism at the University of Colorado, Boulder and a bachelor's degree from the UC Santa Barbara. [51], In March 2020, Benioff procured 50 million pieces of personal protective equipment for hospitals and COVID-19 first responders in the United States. Startups vow to donate 1% of their equity, 1% of their products, and 1% of their employees' time to charity. Things have been really going his way lately. Here are some of the most fascinating facts about Marc Benioff 1. He helped create a whole new category of tech called "software as a service.". Marc benioff email: CEO . (Ellison owns most of the island of Lanai.). In addition to giving money to the children's hospital, Benioff hosts fabulous private concerts and parties to raise money for it. Unit 6807-09, The Center; 99 Queen's Road Central; Hong Kong; Contact Us. After all, that's why he came to Hawaii in the first place. He wears Hawaiian shirts to work and even named his dog "Koa," a word that means "daring warrior" in the native tongue. This is a guest post by Marc Benioff, the CEO of Salesforce.com, billionaire, and philanthropist. Art Advisory Panel, which would recommend a true market value. He was one of the youngest executives ever at Oracle. Marc Benioff House: The San Francisco Pad. Marc Benioff, the chief executive officer of Salesforce.com, believes he can make the world a better place while also making hefty profits for his company. Marc Benioff says "capitalism, as we know it, is dead," and it is time for a new form of capitalism that focuses more on societal good. He tends to wear not one but two wrist-worn fitness trackers, and he loves talking about his internet-connected toothbrush. State storms arent letting up. If I like someone, I'll give them money, but I'm not particularly close to anyone.". When Marc Benioff founded the tech juggernaut Salesforce in 1999, . Benioff, the high-profile co-CEO, took a sabbatical after nearly a decade at Oracle, "rented a beach hut on the Big Island of Hawaii, swam with dolphins and embraced the spirit of Aloha,". Apple is no longer king of the Dow . Now questions are being asked about Mr. Benioffs act of cultural repatriation. Marques Marzan, a cultural adviser at the Bishop Museum who has been coordinating the museums research, said that a date for the donated sculpture cannot be confirmed at this time., But, he added, the exhibition in which it is featured focuses on what this enigmatic Hawaiian sculpture represents to the living people today., Provenance and dates are helpful in better understanding the cultural and global context of objects, Mr. Marzan said. Muhammad Ali House: Former Los Angeles Home, 6 Steps To Revive A Dead Lawn And Increase Curb Appeal. The San Francisco billionaire and island enthusiast purchased a rare carving of the Hawaiian war god Ku at a Christie's auction this past November. When he travels, he prefers B&B accommodations. Most Californians can put off filing taxes until Oct. 16 but should they? About Marc Benioff. His desire to infuse the corporate culture of Salesforce with the Aloha spirit including turning his employees Fridays into Hawaiian shirt days has, however, led to accusations of cultural appropriation. CNN Business chose Benioff over several other worthy candidates, including AMD's (AMD) Lisa Su, Zoom's (ZM) Eric Yuan and Pfizer's (PFE) Albert Bourla. Heres what first half of March looks like. Updated to include drought zones while tracking water shortage status of your area, plus reservoir levels and a list of restrictions for the Bay Areas largest water districts. He also recently backed HomeSwipe, whose trio of founders includes a 17-year-old coding genius, much as Benioff was himself. Values of an ethnographic artwork can be wildly different if there are doubts about it.. [33] In 2014, they donated an additional $100 million to the hospital and $50 million to fund research on premature birth. I told them it looked like a similar replica of the sculpture in the British Museum, only smaller, Dr. Kaeppler said. Marc sponsors free concerts annually. Salesforce donates $1.5 million to fight the San Francisco homelessness problem and CEO Marc Benioff is matching it. Anthony Meyer, a dealer based in Paris and a specialist in Oceanic artworks, said I dont think its a pre-contact or post-contact sculpture carved by someone with the belief systems of that period or place, referring to Captain James Cooks arrival in Hawaii in 1778. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. The Wall Street Journal once showed off the Benioffs' 15,858-square-foot house bought for $27 million in 2005, too. Salesforce ended its latest fiscal year with $5.37 billion in revenue. nary a nice thing to say about former Microsoft CEO Steve Ballmer. The past few months have been spectacular for billionaire Marc Benioff and his 16-year-old company, Salesforce. Melia Robinson/Business Insider and Christie's. Benioff also said he's pleased with Salesforce's operating cash-flow performance and projections. The I.R.S. The San Francisco couple then donated the piece to the Bishop Museum in Honolulu, which announced the acquisition this week. Please enable Javascript to watch this video, Marc Benioff keeps one of these $40,000 amphibious vehicles at his house in Hawaii. The billionaire signs his emails, ``Aloha, Marc,'' and likes wearing Hawaiian shirts. The Benioffs, who own land in Hawaii, donated the carving to Bishop Museum in Honolulu, where. He also owns a 5-acre estate on the Big Island, which he purchased for $12.5 million in 2000 and constructed over several years. In addition, Marc Benioff is a great philanthropist. # 338 Marc Benioff $6.89B Random fact: Owns a 7,600-square-foot home in Hawaii. [31] In 2009, he co-wrote Behind the Cloud: The Untold Story of How Salesforce.com Went from Idea to Billion-Dollar Company and Revolutionized an Industry, also with Carlye Adler. Before Salesforce, he spent 13 years at database software giant Oracle as a . The foundation uses a "1-1-1" approach to corporate philanthropy, where the company gives one percent of employee time as volunteer hours, one percent of its product and one percent of its revenue to charitable causes. Benioff recently gave two Quadskis to the San Francisco Police and Fire Departments as a gift, apparently because he thought they would be helpful for water rescues. Benioff got in a bidding war and ultimately paid $7 million for the idol,according to the San Francisco Chronicle. When he threw a fund-raiser for President Obama at his San Francisco home, his friend Stevie Wonder wrote a special song and sang it at the party, USA Today reported at the time. Salesforce Chairman and CEO Marc Benioff and his wife Lynne recently purchased kii (image) representative of the Hawaiian god Ku from the collection of Pierre and Claude Verite through a public auction held at Christies Paris in November 2017 and donated it to the Bishop Museum of Hawaii. Tom Steyer snatched up homes when they could on that balmy Hawaiian day Howard. House: Former Los Angeles home, Benioff donated more than $ marc benioff house hawaii! Exist in a private collection. '' [ 52 ] in April 2020 Benioff! Couple then donated the carving to Bishop Museum in Honolulu, which announced the acquisition this week inspire. $ 1 billion from about a $ 20 million annual budget taxes until Oct. 16 but should they 's days!, donated the piece to the Bishop Museum in Honolulu, which would recommend a market... 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But should they its peak in 2021, to contribute founded Salesforce in,!