John Morgridge Net Worth

John Morgridge, the famous businessman and former CEO of Cisco Systems, has an estimated net worth of $1 billion as of late 2017.

Born on the 23rd of July, 1933 in Wauwatosa, Wisconsin, John Morgridge is known for his successful career in the business world. He is one of three children born to L.D. Morgridge and Ruth Gordon Morgridge, both of whom were teachers.

After graduating from the University of Wisconsin in 1955, John pursued an MBA degree from Stanford University two years later. He then worked at Stratus Computer and Honeywell Information Systems before joining GRiD Systems, where he eventually became president and chief operating officer.

In 1988, John joined Cisco when the company was in its fourth year, and under his leadership, the company expanded to 77 countries and employed up to 50,000 people. His tenure at Cisco saw significant growth and success for the company, leading to a substantial increase in his wealth.

John has been married to Tashia Frankwurth since 1955 and they have made significant contributions to charitable causes. He has also been involved in various organizations and has served on the boards of several charity and corporate organizations. He has also been a trustee at Stanford University from 2002 to 2007.

John Morgridge’s immense wealth has also allowed him to make substantial donations, including a contribution of $175 million to create the Fund for Wisconsin Scholars, aimed at improving education for low-income students attending public colleges and universities in Wisconsin.

In summary, John Morgridge’s successful career has significantly contributed to his estimated net worth of $1 billion, and he has made significant contributions to charitable causes and organizations.