Ted Waitt

Age, Biography and Wiki

Ted Waitt was born on 18 January, 1963 in Sioux City, Iowa, United States, is an American billionaire. Discover Ted Waitt’s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 57 years old?

Popular AsN/A
Age57 years old
Zodiac SignCapricorn
Born18 January 1963
Birthday18 January
BirthplaceSioux City, Iowa, United States

We recommend you to check the complete list of Famous People born on 18 January.
He is a member of famous with the age 57 years old group. He one of the Richest who was born in American.

Ted Waitt Height, Weight & Measurements

At 57 years old, Ted Waitt height not available right now. We will update Ted Waitt’s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
HeightNot Available
WeightNot Available
Body MeasurementsNot Available
Eye ColorNot Available
Hair ColorNot Available

Who Is Ted Waitt’s Wife?

His wife is Michele Merkin

ParentsNot Available
WifeMichele Merkin
SiblingNot Available

Ted Waitt Net Worth

He net worth has been growing significantly in 2018-19. So, how much is Ted Waitt worth at the age of 57 years old? Ted Waitt’s income source is mostly from being a successful . He is from American. We have estimated Ted Waitt’s net worth, money, salary, income, and assets.

Net Worth in 2020US$4.3 billion (1998)
Salary in 2019Under Review
Net Worth in 2019Pending
Salary in 2019Under Review
HouseNot Available
CarsNot Available
Source of Income

Ted Waitt Social Network

FacebookTed Waitt Facebook
WikipediaTed Waitt Wikipedia

Timeline of Ted Waitt


Labeled a maverick by national business and technology publications, he has gone on to form four enterprises that are his chief interests: Avalon Capital Group, Inc., a wholly owned, billion-dollar private investment company with diverse interests in technology, health care, energy, finance, and real estate; and the Waitt Foundation, Waitt Institute and Waitt Institute for Violence Prevention, nonprofit organizations dedicated to the improvement of mankind’s knowledge through historical and scientific exploration.

Business Week named Waitt one of America’s 50 most generous philanthropists due to his work with the Waitt Foundation. The Foundation funds partnerships and projects, sometimes in conjunction or collaboration with the Waitt Institutes, focused on marine conservation and that have sought a deeper understanding of human history and improve mankind’s knowledge through historical and scientific exploration.


Waitt served as chairman of the Salk Institute for Biological Studies Board of Trustees from November 28, 2016 until November 20, 2017. He originally joined the Salk Board of Trustees in 2004 and has served in numerous roles while donating millions of dollars to the Institute.


Waitt was romantically linked to Ghislaine Maxwell, after she ended her relationship with Jeffrey Epstein. Waitt owns homes in the Bird Streets area of Hollywood Hills West, Los Angeles (put up for sale for $20 million in September 2015) and in La Jolla, California (purchased in 2005 for $13.32 million and put for sale for $22.9 million in November 2015). Waitt also owns a home in Beverly Hills, California.


Waitt has been featured on numerous lists by Forbes magazine. He has held a spot on both the Forbes 400 Richest in America as well as Forbes list of the World’s Billionaires. He has also been listed on Fortune Magazines “40 Richest Under 40”, a list of the 40 wealthiest self-made Americans under the age of 40 in the United States. The 2008 Forbes 400 List listed Waitt with a net worth estimated at $1.4 billion. Waitt fell off the Forbes 400 list in 2009 with a net worth estimate of $900 million. Forbes speculated that the drop from the previous year was as a result of “souring real estate” and a divorce settlement.

On November 1, 2019, the Blue Prosperity Coalition announced a ten-year, $150 million commitment from the Waitt Foundation towards its ocean conservation efforts. On 15 Sept, 2016, the Waitt Foundation joined with the Wildlife Conservation Society (WSC), the blue moon fund (bmf) and the Global Environmental Facility (GEF) to commit a combined $48 million towards expansion of the world’s marine protected areas (MPA). On 1 May 2008, the Salk Institute for Biological Studies announced the grant of $20 million from the Waitt Foundation to fund the creation of an Advanced Biophotonics Center. On 18 December 2008, the William J. Clinton Foundation released a list of all contributors. It included Theodore Waitt, who gave between US$10–25 million. On April 23, 2011, the Sioux City Public Museum had its grand opening. $4 million of its $13 million development budget was donated by the Waitt Foundation.


In 2004, after the acquisition of eMachines, Waitt turned over day-to-day operations of Gateway and the title of CEO to Wayne Inouye, the former CEO of eMachines. In May 2005, he resigned as chairman of the company, ending a near 20-year run with the company he co-founded.


According to the September 2002 issue of Fortune Magazine, Waitt sold $1.1 billion in Gateway stock during the dot-com era. In August 2007, Gateway was acquired by Acer Inc. for $1.90 per share or $710 million.


Waitt led a move of the company’s headquarters from South Dakota to Poway, California in 1998. Waitt relinquished his post as CEO of Gateway in late 1999 to Jeffrey Weitzen, but returned to the post in January 2001.


Established in 1993, the Foundation initially focused on domestic violence prevention and community development, knowing that building stronger families and societies will help foster the vision of a better world. The creation of the Waitt Institutes in 2005—the Waitt Institute, and the Waitt Institute for Violence Prevention—has allowed the Foundation to broaden its program interests to the global community. The Waitt Institute is a founding member, along with National Geographic Pristine Seas, Oceans 5, and Dynamic Planet, of the Blue Prosperity Coalition which aims to support governments in sustainable oceans management by providing financing, expertise, and tools to protect 30% of marine environments through the creation of marine protected areas (MPA).


On September 5, 1985, Waitt, his brother Norm Jr., and Mike Hammond started Gateway 2000 with a $10,000 loan secured by Waitt’s grandmother. The Company began on Waitt’s father’s cattle ranch in Sioux City, Iowa, moved to Sergeant Bluff, Iowa and later to North Sioux City, South Dakota, where they continued to develop their “down-home” branding, complete with computer boxes printed in a black and white Holstein cow pattern.


Theodore W. “Ted” Waitt (born January 18, 1963) is an American billionaire businessman and philanthropist. Waitt is a co-founder of Gateway, Inc..