Wall Street surge makes billionaire CEO one of the richest women in the world
Arista's run has made its chief executive officer, Jayshree Ullal, 64, one of the richest women in the world with a $US6.4 billion ($9.8 billion) fortune and among only a handful of non-founder executives to achieve that level of wealth, according to the Bloomberg Billionaires Index. She owns a 3 per cent stake in the company through trusts for herself, her children and a niece and nephew.
The rise in Arista's stock has also pushed co-founder and chief technology officer Ken Duda, 54, to a $US1.2 billion net worth, according to Bloomberg's wealth list, joining fellow co-founders Andy Bechtolsheim, 69, and David Cheriton, 74, in that exclusive club.
A spokesperson for California-based Arista declined to comment.
Another runaway year could boost Ullal into the ranks of the world's 500 richest people after the networking company reported second-quarter earnings on Tuesday that beat analysts' estimates and raised its full-year revenue growth guidance.
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'The company is very much built by engineers for engineers,' Ullal said in a 2020 interview hosted by Notre Dame University. 'You may think, obviously that's how it should be. But you'd be surprised how people lose track of that.'
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Duda, Bechtolsheim and Cheriton worked together at Granite Systems, a startup co-founded by Cheriton, a Stanford University professor, and Bechtolsheim, who had founded Sun Microsystems before leaving in the 1990s. A software engineer known for his technical acumen, Duda studied computer science and electrical engineering at Massachusetts Institute of Technology and Stanford.
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