| Frederic B Luddy | |
| Birth Date: | 24 November 1954 |
| Nationality: | American |
| Known For: | Founder, ServiceNow |
Fred Luddy (born 1954[1]) is an American billionaire businessman, and the founder of ServiceNow, a cloud computing company.
Luddy grew up in New Castle, Indiana, the son of an accountant father and a Catholic-school teacher mother.[2]
Luddy went to Indiana University, but dropped out, as he was spending too much time doing computer programming.[3] [2]
In 2004, his then net worth of $35 million was lost due to an accounting fraud at his previous company, Peregrine Systems, of which he was the CTO.[2]
Luddy founded ServiceNow two weeks before his 50th birthday, "I couldn't wait, because there was something psychologically that said I couldn't start a company at 50."[2]
Luddy stepped down as CEO of ServiceNow in 2011, then focused on product development, and moved to an advisory role in 2016.[3]
As of October 2023, Luddy's net worth was estimated at $1.2 billion.[4]
Luddy acquired a majority ownership of the San Diego Aviators in 2015. He currently serves of the Chairman of the Board of the team.[5]
In 2017, Luddy was part of a purchase of World Team Tennis from Billie Jean King.[6] He is now a majority owner with Eric Davidson.[7]
Luddy Hall at Indiana University was named in recognition of a donation from Luddy, and "in honor of the many IU alumni in the Luddy family, including Fred's mother, father, sister and two brothers".[8]
In 2023, Fred Luddy received the Horatio Alger Award [9]