Arthur Rock Net Worth
Arthur Rock Net Worth
Arthur Rock is a renowned entrepreneur and investor, who made his fortune in a variety of tech startups, including Apple Computer and Intel. His name may not be familiar to the general public, but he has become a recognizable figure in Silicon Valley. He has donated millions to education-related organizations, such as Leadership for Educational Equity, and the Teach for America organization. His net worth is $1 billion.
Arthur Rock has been involved in the Silicon Valley business community since the early 1950s. A native of Rochester, New York, he attended Syracuse University, where he studied business administration. After graduation, he earned an MBA from Harvard Business School. As a securities analyst in the investment banking department of Hayden Stone & Company, he developed a knack for picking stocks.
In the late 1950s, Rock became an expert at picking the right technology stocks. With the help of his partner, Fayez Sarofim, Rock formed a venture capital firm known as Davis & Rock. During its short lifetime, the firm invested over $70 million in fifteen companies.
Another successful venture was the formation of Fairchild Semiconductor, a company that Rock helped to find. Eventually, Rock would become the director of Apple Inc., and his share of Xerox stock was worth more than $4 million in 1970.
In the late 1960s, Rock and his company, Arthur Rock Investment Company, launched the first limited venture capital partnership. The firm made its biggest investment in SDS, a California-based data processing equipment manufacturer, which was later acquired by Scientific Data Systems. This was the first of many high-tech companies founded by Rock.
In addition to his work as an entrepreneur, Rock also served as the chairman of Intel. He has also donated to numerous schools and organizations in California, Nevada, and New Mexico. One of his most notable contributions is the creation of the Arthur Rock Center for Entrepreneurship.
Although he never got to see the fruits of his labor, he has done more than his share to ensure that Silicon Valley continues to grow and thrive. For example, he has supported several charter school networks, including KIPP and Rocketship Education. During his lifetime, Rock has given more than $500,000 to the San Francisco School Board’s recall, and he has donated more than $1 million to the Teach for America organization.
The Arthur Rock Center for Entrepreneurship is named in his honor. It offers a wide array of educational resources for students, as well as mentorship opportunities. Additionally, it helps alumni transition into civic leadership roles.
Among his many achievements, Arthur Rock is credited with helping the so-called “traitorous eight” find a home. Several of the scientists involved in these startups walked out, resulting in a need for funding. Luckily, Rock was able to use his connections to find the capital that these companies needed to get off the ground.
Arthur Rock’s personal life remains private. He is married to Toni Rembe. However, he has donated to more than 30 school boards in the last decade. Some of his donations were focused on California, while others were primarily in New Jersey and Washington, D.C.
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