- Matthew Prince Net Worth: Cloudflare Inc (NYSE: NET) Co-Founder & CEO Matthew Prince now has a net worth of more than $1 billion.
This is how Matthew Prince’s net worth has been calculated:
Cloudflare Inc (NYSE: NET) Co-Founder & CEO Matthew Prince has officially become a billionaire on Thursday after the company’s stock jumped to a record before the scheduled earnings report on Thursday May 7, 2020. The shares jumped 14% to $28.52 at 1PM ET — which gave Prince a net worth of $1.08 billion according to Bloomberg report put together by editor Tom Maloney.
Cloudflare is known for offering services like firewalls and network routing management. This helps cloud-based sites operate more efficiently. Over the last 3 months, Cloudflare’s stock grew nearly 50%.
Prince co-founded Cloudflare in 2009 and owns 12.5% of the company according to the company’s latest proxy filing.
Cloudflare co-founder and chief operating officer Michelle Zatlyn has a 4.8% stake in Cloudflare. Based on the current stock price of Cloudflare, Michelle Zatlyn has a net worth of over $380 million.