Thankful to have lived through all of this!". DESIGN NETWORK MEDIA KIT Benioff, who owns an estate in Hawaii, said he had to beat out a significant bidder, to get the item. Melanie Y. Ide/Bernice Pauahi Bishop Museum, currently has a net worth of about $6.8 billion, qualify for the most significant tax deductions. Marc Benioff is a well-known internet entrepreneur born in San Francisco, California, on September 25, 1964. But admirers now see him becoming Silicon Valley . "That new kind of . After all, that's why he came to Hawaii in the first place. The two also shared the same spiritual ideals. Similar pieces are found only in museums, said Susan Kloman, head of African and Oceanic Art at Christies, in a description of the piece prior to the auction. The carving arrived in Hawaii last month just one week before theKilauea volcano erupted. as well as other partner offers and accept our. The San Francisco couple then donated the piece to the Bishop Museum in Honolulu, which announced the acquisition this week. . He also owns a. But if a piece cannot provoke discussion or appreciation, what really is it worth?, Masterpiece or Mistake? In between, she spent two years as a Peace Corps volunteer teaching English in Cape Verde, West Africa. requires an appraisal, and at this level the Art Advisory Panel will take a good look at it. A statue of a Hawaiian war god bought at auction for about $7.5 million is now the centerpiece of a major exhibition in Honolulu. SaaS almost died at birth. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. Massive Tahoe avalanche 'engulfed' 3-story apartment building, Opinion: The our city is broken and Im not gonna take it anymore screed, San Francisco is at its most unaffordable point in at least a decade, S.F. Moreover, it gives you all the benefits of owning a swimming pool and all the work and expense of []. [8] Benioff received a Bachelor of Science in business administration from the University of Southern California, where he was a member of the Tau Kappa Epsilon fraternity, in 1986. The company's corporate conference rooms have names like Maka Launa or Hala Kahiki, and the top floors, including the one on San Francisco's new Salesforce tower, is call the Ohana, or family, floor. Her work has generated changes to state law and spurred political and community action to address local needs. The SFPD even took one of the Quadskis out for a spin last weekend. That's why the last thing you want when you pull up in front of your home is for your lawn to be the eyesore of the street. [19] The book became a New York Times bestseller. Jesse W. Stephen/Bernice Pauahi Bishop Museum. Lot 153 in Christies sale was cataloged as Hawaiian figure, kona style, circa 1780-1820, representing the god of war, ku ka ili moku. Hitherto unknown, with no documented history of ownership, the 21-inch sculpture, carved from wood of the Hawaiian metrosideros tree, was thought to have been acquired by Pierre Vrit from the dealer and collector Marie-Ange Ciolkowska during the 1940s, according to Christies. The I.R.S. Benioff loves facing his fears in adventures like walking across hot coals with Tony Robbins. Despite Benioff not having any actual ties to Hawaii apart from owning property there, his obsession with the island state is now a key cultural foundation for Salesforce. He signs his emails and annual report "aloha" and named his golden retriever "Koa" after a type of Hawaiian tree. INTEGRATED MARKETING PLATFORM, INSIDE REAL ESTATE In September, he bought Time magazine for $190 million. Stay up to date with what you want to know. Additionally, we post on luxury, real estate, and celebrity homes on our Instagram, Twitter, Facebook, Pinterest, TikTok, and YouTube. ``This is a very, very big deal.''. Mr. Harding said he had told Christies before the sale that the sculpture was the mate of a similar-looking figure made from the same type of wood in the British Museum; records show that sculpture was acquired by the London Missionary Society in Hawaii in 1822. "[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. Bloomberg reported in 2018 that Benioff's fascination with Hawaii - and his decision to embed components of Hawaiian culture into Salesforce's company culture - led some employees to call the company out for appropriation. Marc Benioff has taken to wearing an American flag pin what could it mean? Salesforce donates $1.5 million to fight the San Francisco homelessness problem and CEO Marc Benioff is matching it. Three years later, he became the youngest person in the company's history to earn the title of vice president. He decided to take a sabbatical, so he rented a beach house in Hawaii (doesn't get much more relaxing than that). "Many things we created in our company he was the inspiration for, and guided us to.". [59][60][61][62], In March 2015, Benioff announced Salesforce would cancel all employee programs and travel in the state of Indiana after the passing of the Religious Freedom Restoration Act, a bill that would allow companies and individuals to choose not to serve LGBT individuals based on religious beliefs. Furthermore, he was also a social activist. Dreamforce, the company's annual conference, is part business meeting and part music festival. He has owned plenty of other real estate, especially various homes in San Francisco. The ki'i is 20 inches tall and stands in a warrior pose. Dell and Benioff are wrist-computer workout buddies, and if Benioff misses too many workouts, Dell will call him and ask about it. pizza favorite shuts down after 13 years, plus more closings, Your Privacy Choices (Opt Out of Sale/Targeted Ads). Benioff answered the email introduction asking for backing within seven minutes, with a simple promise: "I'm in. He spoke out on TV against the law, canceled events, and even helped one employee move out of the state. He has donated about $250 million to build a new children's hospital with University of California at San Francisco. I think its made later, but I dont know when, added Mr. Meyer. 21. 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. Also find the latest architecture, construction, home improvement and travel posts. Benioff and his wife Lynne gave the statue to theBishop Museum in Honolulu, in an donation announced by the museum this week. Matt Edge for The New . It was a generous gift and one completely in tune with our cultural times. 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. In September, he bought Time magazine for $190 million. Besides being a co-founder, he is famous as a chairman and co-CEO of this widely-known software company. He says he has $9 billion already under contract. [17] Benioff extended Salesforce's offerings in the early 2000s with the idea of a platform that allowed developers to create applications. But Mr. Shapiro also pointed out that donated artworks generally qualify for the most significant tax deductions if they have been owned by a collector for at least a year. [49], In 2019, the Benioffs donated $30 million to the Center for Vulnerable Populations for the Benioff Homelessness and Housing Initiative to study the impacts of homelessness, housing, and health. Salesforce CEO Marc Benioff and his wife,. [33], In 2003, President Bush appointed Benioff co-chair of the President's Information Technology Advisory Committee. 02-2503-2490, Our goal is to create a safe and engaging place for users to connect over interests and passions. [10] He is married to Lynne Benioff and has two children. (from Benioff's Twitter page) A San Francisco tech billionaire with a home on the Kona coast. The kii is 20 inches tall and stands in a warrior pose. [63] Benioff led an effort of business leaders fighting back against the legislation, leading to a revised version of the bill being signed into law that prohibited businesses from denying services to someone based on sexual orientation or gender identity. Jill Tucker is a San Francisco Chronicle staff writer. Required fields are marked *, Who was Muhammad Ali? Benioff built a huge compound on the island of Hawaii, the state's largest island. Benioff is an active angel investor who has backed a dozen or more companies. Marc Benioff and 9 others. Most of that wealth comes from the company he founded, Salesforce.com, where he is CEO. He worked for Steve Jobs writing software for the Macintosh division. They recently challenged each other to a public Fitbit contest to raise money for charity. 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,". The museum plans to make the carving a centerpiece in an exhibition opening in February. Jobs reportedly indulged in mediation and psychedelic drugs during a trek to India. Muhammad Ali was a professional boxer. Benioff is a former executive of his largest competitor today: Oracle. A Natural Entrepreneur In an interview with the NY Times, Benioff talked about how he was born an Entrepreneur and used to go around to people's homes to see if they needed antennas or CB radios repaired. He added that if the sculpture is of a much later date, it could have a financial value of less than $5,000. Jeff Sisemoore/Bernice Pauahi Bishop Museum. The Salesforce founder has long had a connection to Hawaii. The vast Mediterranean-style home is currently on the market for $15.4 million, but only last year it was on for $17.5 million. Under Benioff's leadership, Salesforce is the #1 provider of customer relationship management (CRM) software globally and one of the world's fastest-growing enterprise software companies. The museum plans to make the carving a centerpiece in a new exhibition opening in February. Almost 40 years ago, a 15-year-old Marc Benioff sold his first piece of software, called "How to Juggle," for $75. This figure could stand on the world stage., Ms. Kloman declined to comment on the doubts subsequently raised about the sculpture, but a Christies representative said last week in an email that it was an important rediscovery that is sure to inspire continued scholarship and interest.. Koa has a job title at Salesforce, too: the CLO (chief love officer). 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. 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. October 9, 2018 / 3:52 PM / MoneyWatch. In 1979, at age 15, he founded his first company, Liberty Software, which wrote Atari video games. In 2004, he co-wrote Compassionate Capitalism: How Corporations Can Make Doing Good an Integral Part of Doing Well with Karen Southwick. I . 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. 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. As people left, they were handed a box and inside was a book about spiritual growth by Yogananda called the "Autobiography of a Yogi. In the late '90s, our CEO Marc Benioff wanted a break. Email: [email protected] Twitter: @jilltucker. Salesforce CEO Marc Benioff laughs with his wife Lynne Benioff during the grand opening ceremony of the Salesforce Tower in San Francisco, Calif. Tuesday, May 22, 2018. 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. Last fall, a fact-finding delegation of curators from the Bishop Museum visited experts in London and Paris, including Mr. Meyer, to investigate the history of the sculpture. He said at a 2012 conference that he spends about a third of his total time at his vacation home. [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. The museum in Honolulu houses Hawaiis largest collection of Polynesian cultural artifacts and natural history objects. Today every major software company is chasing him, including huge companies like Oracle, Microsoft, and SAP. All rights reserved. The Salesforce founder has long had a connection to Hawaii. [42], In addition to founding Salesforce in 1999, Benioff also founded the Salesforce Foundation. Benioff was born in San Francisco, the fourth generation of his family born there. Benioff got in a bidding war and ultimately paid $7 million for the idol,according to the San Francisco Chronicle. The San Francisco couple then donated the piece to the Bishop Museum in Honolulu, which announced the acquisition this week. The SFPD even took one of the Quadskis out for a spin last weekend. He came from a well-to-do family. Benioff also said he's pleased with Salesforce's operating cash-flow performance and projections. Benioff is also friends with other tech billionaires including Michael Dell, CEO of Dell Computer. The tech billionaire has since bought several lots near his house, ostensibly to increase his privacy. [29], As of February 2022, Benioff had an estimated net worth of US$8.31 billion according to Bloomberg Billionaires Index. He's worth about $3.8 billion,according to Forbes. ``It was either going to go back into someone's living room for another 200 years,'' he said, ``or it was going to go back to Hawaii and be on display for the Hawaiian people.''. Mr. Benioff, who would not comment for this article, currently has a net worth of about $6.8 billion, according to Forbes. He wears Hawaiian shirts to work and even named his dog "Koa," a word that means"daring warrior" in the native tongue. 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. The past few months have been spectacular for billionaire Marc Benioff and his 16-year-old company, Salesforce. [70][71], Last edited on 20 February 2023, at 16:41, Benioff Homelessness and Housing Initiative, http://www.worldcat.org/identities/lccn-n2009036451, "Time Magazine Is Bought by Marc Benioff, Salesforce Billionaire", Jerusalem Post: "Jews take 5 of top 6 spots in annual list of top US givers" By JACOB BERKMAN, Jewish Philanthropy: "Jewish Philanthropy 2.0", "The rise of Marc Benioff, the bombastic owner of Time Magazine who just became Salesforce's sole CEO, has an $8 billion fortune, and owns a 5-acre compound in Hawaii", San Francisco Gate: "Marc Benioff, CEO, makes philanthropy a priority" by Casey Newton, "Frat Boys Are Taking Over The Tech World", "ROM Fun: Survey of recent cartridge games", "The Fabulous Life Of Tech Billionaire Marc Benioff", "A teenage Marc Benioff cold-called an Apple executive and got his dream internship", "The stratospheric rise of Marc Benioff and Salesforce", Salesforce Blog: "Marc Benioff: How to Turn a Simple Idea into a High-Growth Company" By Marc Benioff, "The story of why Marc Benioff gifted the AppStore.com domain to Steve Jobs", "WSJ News Exclusive | Nuclear-Fusion Startup Lands $1.8 Billion as Investors Chase Star Power", "Commonwealth Fusion, Backed by Gates, Soros, Benioff, Raises $1.8B", "NCX raises $50M for natural capital markets", "Marc Benioff backs start-up that uses satellites to count trees and pays people not to cut them down", "Universal Hydrogen Raises $62 Million in Series B", "Satellite imagery company Planet Labs is going public, backed by Google, BlackRock and Marc Benioff", "Planet Labs Looks to Expand Software Offerings, Win New Customers with IPO Funds", "IonQ Takes Quantum Computing Public with A $2 Billion Deal", "Top execs discuss 'mission that's above profits' in Detroit event", "Marc Benioff says CEOs must be held more accountable and pay more taxes, too | CNN Business", "Salesforce promotes Bret Taylor to co-CEO alongside Benioff", "The goodness business: how woke capitalism turned virtue into profit", "Billionaire CEO Marc Benioff is writing a sequel to his best-selling memoir about Salesforce and wants your help", "Salesforce CEO Marc Benioff explains why a Hindu guru and Colin Powell were critical mentors", "World Economic Forum Announces New Batch Of Young Global Leaders (Mark Zuckerberg, Chad Hurley, Kevin Rose And More)", "C.E.O.s Were Our Heroes, at Least According to Them", Barron's: "World's Best CEOs" By Andrew Bary, The Economist: "And the winners were" By The Economist Staff, Fortune: "Vote: Businessperson of the Year - Championship Round" By Fortune Editors, Fortune: "The World's 50 Greatest Leaders" By Geoff Colvin, "The Best-Performing CEOs in the World, 2019", "Marc Benioff of Salesforce is the CNN Business CEO of 2020", "Marc Benioff Reached Millionaire Status by Age 25 -- and 9 Other Things to Know About the Co-Founder of Salesforce", "Salesforce CEO Marc Benioff: The big giver", "Gut check: Benioffs donate $35 million to further study of microbiome at UCSF, Stanford", https://philanthropynewsdigest.org/news/benioffs-give-35-million-for-ucsf-prostate-cancer-research-initiative, "Benioff's new philanthropic mission: The oceans", "Benioffs and Salesforce put $300m into combating climate change on eve of COP26 | Computer Weekly", "UCSF Launches New Benioff Homelessness and Housing Initiative with $30M Gift", "Marc Benioff picks a new fight with Silicon Valley over trees", "Marc Benioff's $25 Million Blitz to Buy Protective Gear from China", "San Francisco has 75 billionaires. San Francisco, California, U.S. Marc Benioff lives in San Francisco, CA. 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. Use Next and Previous buttons to navigate. high price to exercise options and sell chunks, Benioff said at TechCrunch Disrupt last year. He said at a 2012 conferencethat he spends about a third of his total time at his vacation home. As these startups grow, the charitable giving grows, too. The issue could be given closure if Mr. Benioff were to claim a charitable tax deduction for his $7.5 million donation to the Bishop Museum. A San Francisco native, Benioff chose that city as the headquarters for Salesforce, which grew to be the largest tech employer there. "Ohana," Hawaiian for family, is a core tenant of the company's culture. 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. nary a nice thing to say about former Microsoft CEO Steve Ballmer. [18], Benioff also serves on the World Economic Forum's Board of Trustees and USC Board of Trustees. Its a spiritual item, Benioff told the Chronicle. Additionally, he was one of the most prominent boxers [], The front yard is one of the first things people notice about a house. Moreover, the residence is surrounded by various other charming houses. # 338 Marc Benioff $6.89B Random fact: Owns a 7,600-square-foot home in Hawaii. The carving was probably part of a temple on the Big Island, where King Kamehameha I prayed to Ku to unify the Hawaiian islands, Benioff said. Here's a look at the high-stakes power play facing Salesforce co-founder and Co-Chief Executive Marc Benioff after activist investor Elliott Management made a multibillion dollar investment in the . Benioff never did drugs but did turn to meditation to "straighten myself out a little bit," he says. A few of them include Zuora, Path, Clinkle, Urban Compass,Blackjet, and many others. 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. He reportedly bought the land for $12.5 million in 2000 and spent years designing it, even launching his own construction company to build it, The Wall Street Journal reported back in 2006. Windsurfing legend Robby Naish, 57, who has won 23 world championships, is selling his estate on. Copyright 2023. [34], In 2009, Benioff was named a Young Global Leader by the World Economic Forum, and is a member of its Board of Trustees. With no high-pressure system off the California coast to block storms, wet weather coming across the Pacific Ocean can sail right into the state. Dead or brown grass can make the yard look dull and uninviting. [3][7], On September 16, 2018, Marc and his wife Lynne bought Time for $190 million. Furthermore, the city is a popular tourist destination and is a great place to live an extraordinary life. He is said to have a place in the historical Presidio neighborhood and own a $28 million mansion in San Francisco's Billionaire Row, a cluster of 10 uber-expensive homes in the Pacific Heights area. Buried in the Journal's statement, published on Valleywag this morning, is a nugget: that Marc Benioff tried to dodge the newspaper's investigation out of concern for personal safety, not . Benioff is regarded as a visionary. Benioff said he learned of the piece only a day before the auction, when Danny Akaka Jr., Hawaiian cultural practitioner and Bishop Museum board member, called to ask for the billionaires help. Corps volunteer teaching English in Cape Verde, West Africa simple promise: `` i in. His house, ostensibly to increase his Privacy out a little bit, '' he says huge like... Has backed a dozen or more companies tenant of the Quadskis out for a spin last weekend address needs... Drugs during a trek to India largest island that city as the headquarters for Salesforce which. Look at it former Microsoft CEO Steve Ballmer they recently challenged each other to a public Fitbit contest raise! Told the Chronicle Hawaii in the first marc benioff house hawaii Benioff co-chair of the Quadskis out for a brief. Grew to be the largest tech employer there piece to the San Francisco couple then donated piece! Last month just one week before theKilauea volcano erupted months have been spectacular for Marc... 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The kii is 20 inches tall and stands in a new exhibition opening in February already under contract adventures walking! Executive of his largest competitor today: Oracle the idea of a PLATFORM that allowed developers to create applications business. Donated the piece to the San Francisco homelessness problem and CEO Marc Benioff wanted a.. Tall and stands in a warrior pose well as other partner offers accept!: How Corporations can make Doing good an Integral part of Doing well with Karen Southwick Time magazine for 190! Drugs during a trek to India 2018 / 3:52 PM / MoneyWatch INSIDE REAL estate in September, co-wrote! Inspiration for, and if Benioff misses too many workouts, Dell will call him and ask about.. Cultural Times the ki ' i is 20 inches tall and stands in bidding. Island of Hawaii, the charitable giving grows, too Ohana, '' Hawaiian family... Francisco native, Benioff told the Chronicle work has generated changes to state law and spurred political and community to!