Park City, UT

The youngest billionaire in Utah

Ash Jurberg

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I write a lot about business, entrepreneurs, and wealth. And when I research these articles, they usually focus on people well into their sixties, seventies, and beyond. People that worked for decades to build their fortune.

So today, I thought I would look for talented people who have reached amazing financial fortune at a young age. So with that in mind, let's look at the youngest billionaire in Utah.

The youngest billionaire in Utah

The person with the title of the youngest billionaire in Utah is Matthew Prince. Prince has a net worth of $4.4 billion. He describes himself as "a little bit geek, wonk, and nerd. Repeat entrepreneur, recovering lawyer, and former ski instructor." He spent time as a ski instructor in Park City, Utah.

The 46-year-old has made his fortune thanks to the company he co-founded in 2009, Cloudflare.

Cloudflare is a web infrastructure and security company and was named by the Wall Street Journal as the most innovative internet and network company. Prince managed to attract some big companies to invest in Cloudfare, including Google's venture firm CapitalG and Microsoft.

The company went public in September 2019 with an IPO, and thanks to Prince owning 13% of the company, he became a billionaire. In 2020, Cloudflare named co-founder Michelle Zatlyn was named president, making her one of the few woman presidents of a publicly-traded technology company in the United States.

The company blocks over 70 billion cyber threats daily from attacks such as distributed denial of service (DDoS). In addition, during the 2020 election, Cloudflare provided free services to election websites. Last year, it offered free service to distributors of the Covid-19 vaccine, allowing them to create digital queues for vaccination appointments. 

There is no doubt that Prince has come a long way since he spent time as a ski instructor in Park City.

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