Recently, Forbes Magazine released the annual list of billionaires. The list grew in 2020 despite the global pandemic, and there are now 2,755 billionaires in the world.
Of these, three billionaires live in Cary, North Carolina. Let's take a look at these three lucky people.
The Richest Person in Cary
James Goodnight has a net wealth of $6.5 billion, enough to place him at 404 in the world.
In 1976, Goodnight co-founded SAS, an analytics software company, with other North Carolina University faculty members. Since that time, he has been CEO of the company and has rejected many acquisitions offers or requests to take the company public.
SAS had $3.1 billion in revenue in 2019 and is being used by over 83,000 organizations worldwide.
"Ninety-five percent of my assets drive out the gate every evening. It's my job to maintain a work environment that keeps those people coming back every morning." James Goodnight
Goodnight and his family are active members of the Cary community. In 1996, Goodnight and his wife, along with his business partner, John Sall, and his wife Ginger, founded Cary Academy- an independent prep school. In addition, goodnight owns the Prestonwood Country Club as well as The Umstead Hotel and Spa situated.
The second-richest person in Cary is Tim Sweeney, the co-founder, and CEO of game developer Epic Games. He has a net worth of $4.7 billion which places him at 608 in the world.
Anyone who has a teenage child (and many who do not) will be familiar with the game Fortnite. Released in July 2017 as a free-to-play game, it took the world by storm. Over 250 million people play Fortnite, which made $1.8 billion in revenue through selling in-game purchases.
Epic Games, which is based in Cary, raised $1.78 billion in funding in August 2020, valuing the company at $17.3 billion.
John Sall was one of the co-founders of SAS with James Goodnight. He currently owns 33% of the business, which makes his net worth $3.2 billion and the third of the billionaires to live in Cary. Sall designed, developed, and documented many of the earliest procedures of SAS's computer programming language.
"We live in the age of big data, and most of this data is stored in databases. Making it easy to get this data into an analysis helps turn 'big data' into 'big statistics.' John Sall
In addition to co-founding the Cary Academy, Sall and his wife, Ginger, have given over $130 million to their Sall Family Foundation, which invests in the environment, public health, and science. Sall is a member of the board for the Smithsonian National Museum of Natural History and, along with his wife, also works with the World Wide Fund for Nature (WWF), CARE, and other non-profits.
The city that has the most billionaires in Beijing in China, closely followed by New York City. Let's see if any more Cary residents can join the exclusive Cary Billionaires Club.