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Jared Smith is a prominent figure in the tech industry, with a current net worth of $1.4 billion, stemming from his early involvement in cloud computing. He co-founded Qualtrics, a cloud-based experience management company, in 2002. Qualtrics was acquired by SAP in 2019 for $8 billion and later sold again in 2023 for $12.5 billion. Jared Smith is also a known investor in TOCA Football, demonstrating his diverse interests beyond the tech sector.
Jared Smith co-founded Qualtrics in 2002 with his brother Ryan and father Scott. Qualtrics, a cloud-based subscription software platform for experience management, was founded in Provo, Utah. The company focused on data collection and the use of agentic AI as of 2025.
Qualtrics' success led to its acquisition by SAP in January 2019 for $8 billion. Jared Smith held approximately 14% ownership in Qualtrics at the time of the sale. The company was later sold in March 2023 to Silver Lake Management and the Canada Pension Plan Investment Board for $12.5 billion.
Smith's key business strategy involved creating a successful experience management company in the cloud computing space. His leadership and vision, alongside his brother and father, were essential in growing Qualtrics. The company then pivoted to serving enterprise customers in 2012.
Details regarding Jared Smith's specific philanthropic contributions and initiatives require further research as no precise data found.
Co-founded the experience management company with his brother and father.
Qualtrics was acquired by SAP for $8 billion in cash.
Qualtrics was sold to Silver Lake and CPP Investments for $12.5 billion.
"“The benefit of being brothers is since we were little kids we could beat on each other and have the hardest arguments, then still be buddies 10 minutes later.”"
