Name Vivek Ranadive Ex-spouse Deborah Addicott Website Corporate Profile | Height 5\' 11" (1.80 m) Children Anjali Ranadive Net worth US$ 700 million Role Businessman | |
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Born October 7, 1957 (age 66) ( 1957-10-07 ) Bombay (now Mumbai), India Occupation Founder TIBCO Software
Owner and Chairman, Sacramento Kings Education Harvard Business School, Harvard University, Massachusetts Institute of Technology Books The Two‑Second Advantag, The Power to Predict: How Real, The Power of Now: How Win, Power to Predict - The: How, The Two‑Second Advantag Similar People George Karl, Anjali Ranadive, DeMarcus Cousins, Sim Bhullar, Vlade Divac Profiles | ||
Native name Marathi: विवेक रणदिवे Organizations founded TIBCO Software | ||
From Immigrant to Entrepreneur and NBA Owner - Vivek Ranadivé
Vivek Ranadivé (/viˈvɛk rɑːnəˈdiːveɪ/; born October 7, 1957) is an Indian-American businessman, engineer, author, speaker and philanthropist. Ranadivé is the founder and former CEO of TIBCO, a multimillion-dollar real-time computing company, and of Teknekron Software Systems. Ranadivé is a co-owner and chairman of the National Basketball Association's Sacramento Kings.
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Early life and education
Ranadivé grew up in the Juhu area of Mumbai, India and was the youngest of three children. At 16, Ranadivé was accepted to MIT, but in the 1970s the Indian government did not release foreign currency for citizens to study abroad. Ranadivé talked his way into the office of the Reserve Bank of India and got the required foreign exchange for one quarter of the tuition.
After earning bachelor's and master's degrees from MIT, he obtained an MBA from Harvard University in 1983. While at MIT, Ranadivé started his first company, a UNIX consulting company. He also held management and engineering positions with Ford Motor Company, M/A-Com Linkabit and Fortune Systems.
Teknekron Software Systems
Teknekron Corp., a technology incubator, provided $250,000 in seed capital to Ranadivé in 1985 to found Teknekron Software Systems.
TIBCO
In 1997, Ranadivé founded TIBCO Software Inc. with funding from Cisco and Reuters.
Golden State Warriors
In 2010, Ranadivé became the co-owner and vice chairman of the Golden State Warriors, making him the first person of Indian descent to own an NBA franchise.
Sacramento Kings
On March 21, 2013, it was announced that Ranadivé had joined Ron Burkle and Mark Mastrov to attempt to purchase the Sacramento Kings. In order for Ranadivé to purchase the Kings, he had to sell his share of the Golden State Warriors. On May 16, 2013, it was announced that the group reached an agreement with the Maloof family to purchase 65% of the Kings for approximately $348 million. The NBA approved the sale on May 28.
Works
In 1999, Ranadivé published The Power of Now. In 2006, Ranadivé published The Power to Predict. In 2011, Ranadivé published The Two-Second Advantage: How We Succeed by Anticipating the Future–Just Enough.
Personal life
Ranadivé has three children: Aneel, Andre, and Anjali.
