This article directly stems from the research process for our American single family office database. Our list of U.S. single family offices includes the most important family investment vehicles that invest in various areas, such as financial markets, real estate, venture capital, private equity, and renewables.
Pera is the founder and CEO of the tech company, Ubiquiti Networks which specialises in wireless equipment manufacturing. Pera founded Ubiquiti in 2005 after developing his skills while working at Apple for two years. As of February 2023, Pera has an estimated net worth of $16.9bn putting him the 101th richest person in the world. In this article, we will investigate if Pera manages his wealth through a family office.
Pera manages his wealth through his own Ubiquiti Networks
Pera owns an estimated 75% of the wireless equipment manufacturer, which generated a $1.7bn revenue in 2022 and is a publicly-traded company. Pera founded the company in his apartment funded solely through personal savings and credit card debt. The success of the company was underpinned by the introduction of the Nano Station in 2008, which serves as an all-in-one home internet installation device. In 2012, Pera purchased the Memphis Grizzlies, putting him as the youngest controlling owner in the league.
Picture source: Compact Fibre