Robert Pera
{{Short description|American businessman (born 1978)}}
{{Infobox person
| name = Robert Pera
| image =
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| birth_name =
| birth_date = {{Birth date and age|1978|3|10|mf=y}}
| birth_place = San Carlos, California, U.S.
| education = University of California, San Diego
| title = {{ubl|CEO of Ubiquiti Networks|Memphis Grizzlies owner}}
| website = {{url|http://www.rjpblog.com}}
| spouse =
| children =
| boards =
}}
Robert J. Pera (born March 10, 1978) is the founder of Ubiquiti Networks, Inc. a global communications technology company that he took public in 2011. In October 2012, Pera also became the owner of the Memphis Grizzlies of the National Basketball Association.{{Cite news |url=https://www.espn.com/nba/story/_/id/8038389/sources-billionaire-robert-pera-agrees-purchase-memphis-grizzlies |first=Marc |last=Stein |work=ESPN.com |date=June 11, 2012 |title=Sources: Deal for Grizzlies reached }} At the age of 36, Pera earned a spot on Forbes{{'}} list of the 10 youngest billionaires in the world.{{cite news|title=Robert Pera|url=http://newsofthenew.com/leaders-lead/|access-date=October 31, 2014|work=Leaders Lead|date=October 31, 2014}}
As of April 2025, Forbes estimated Pera's net worth at US $12.6 billion, placing him 145th on its annual list of the world's billionaires.{{Cite web |title=Robert Pera |url=https://www.forbes.com/profile/robert-pera/ |access-date=2025-05-17 |website=Forbes |language=en}}
Early life and education
Pera established his first computer services company while attending high school.{{cite news|title=Creating connectivity|url=http://www.leadersmag.com/issues/2013.4_Oct/ROB/LEADERS-Robert-Pera-Ubiquiti-Networks-Memphis-Grizzlies.html|access-date=January 1, 2015|work=Leaders Interview}} That company provided networking and database services to local businesses. Pera also played on his high school's basketball team until a heart condition, which has long since been resolved, kept him home for a year.{{cite news|title=Robert Pera: The Kid That Bought the Grizzlies|url=http://www.businessweek.com/articles/2013-04-24/robert-pera-the-kid-that-bought-the-grizzlies|archive-url=https://web.archive.org/web/20130425002258/http://www.businessweek.com/articles/2013-04-24/robert-pera-the-kid-that-bought-the-grizzlies|url-status=dead|archive-date=April 25, 2013|access-date=January 1, 2015|work=Bloomberg Business|date=April 24, 2013|first=Ira|last=Boudway}} After high school, Pera attended the University of California, San Diego, where he graduated Phi Beta Kappa with a B.S. in Electrical Engineering and a B.A. in Japanese Language. He stayed on at UC San Diego and completed his master's in electrical engineering with an emphasis on Digital Communications and Circuit Design.{{cite news|title=Silicon Valley's Newest Billionaire: Wireless Wonder Robert Pera|url=https://www.forbes.com/forbes/2012/0116/entrepreneurs-robert-pera-computer-hardware-apple.html|access-date=January 1, 2015|work=Forbes|date=January 3, 2012|first=Kerry|last=Dolan}}
Career
=Apple=
After graduation, Pera, who admired Steve Jobs, secured a job at Apple Inc., where he tested the company's Wi-Fi devices to ensure compliance with Federal Communications Commission standards for electromagnetic emissions. While working at Apple, Pera noticed that the power sources that Apple's Wi-Fi devices used to throw signals were far below FCC limits. Boosting their power, he reasoned, could increase their transmission range to over dozens of miles, which could facilitate Internet access in areas that telephone and cable companies do not reach. When his bosses at Apple ignored his idea, Pera decided to build his own low-cost, high-performance Wi-Fi module. For the next year, Pera spent his nights and weekends in his apartment testing prototypes. By early 2005 he was ready to start his own business and he left Apple to form Ubiquiti Networks.
=Ubiquiti Networks=
Pera founded Ubiquiti Networks in March 2005 using $30,000 of personal savings and credit card debt. Ubiquiti's early products utilized existing Wi-Fi technology to wirelessly deliver the Internet to underserved areas (e.g., rural areas and emerging markets) lacking the infrastructure to access the Internet through traditional avenues such as phone lines and cable lines. The company has since successfully branched out into other product lines such as wireless access points, security cameras and traditional networking equipment (e.g., switches and routers).{{cite news|title=Ubiquiti Networks' Product Offerings|url=http://www.ubnt.com/products/|access-date=January 1, 2015}}
=Memphis Grizzlies=
On June 11, 2012, sources told ESPN.com that Michael Heisley had an agreement in principle to sell the Memphis Grizzlies to Robert Pera. The official sale of the Memphis Grizzlies to Pera was approved on October 25, 2012.{{cite web|last=Windhorst|first=Brian|title=Owners approve sale of Grizzlies|date=25 October 2012 |url=https://www.espn.com/nba/story/_/id/8550749/nba-unanimously-approves-sale-memphis-grizzlies-robert-pera}} The Grizzlies made the NBA playoffs in the two seasons before Pera purchased the team and made the playoffs during the first five seasons of his tenure as owner. In the first year of Pera's ownership, the Grizzlies won a club record 56 games and made its first-ever appearance in the Western Conference Finals.{{Cite news |url=http://www.landofbasketball.com/teams/records_memphis_grizzlies.htm |title=Sources: NBA Teams: Memphis Grizzlies Records Year by Year |publisher=LandofBasketball.com}} The Grizzlies team won more playoff games during the first two years of Pera's tenure than it did during the team's 17 previous seasons in the NBA.{{Cite news |url=http://basketball.realgm.com/nba/teams/Memphis-Grizzlies/14/Playoff-History |title=Sources: Memphis Grizzlies Playoff History |publisher=RealGM.com}}
Pera is a supporter of the Grizzlies Foundation, a sports charity which operates in Memphis.{{cite web|last=Hipp|first=Bennett|title=Grizzlies Foundation works to provide greater impact for Memphis youth|url=http://www.nba.com/grizzlies/news/grizzlies-foundation-impact-141104 |work=NBA.com}}
References
{{Reflist}}
External links
- [https://www.forbes.com/profile/robert-pera/ Robert J. Pera] profile page at Forbes.com
- [http://www.rjpblog.com Robert J. Pera's blog]
- [https://www.espn.com/nba/story/_/id/8038389/sources-billionaire-robert-pera-agrees-purchase-memphis-grizzlies ESPN article "Deal for Grizzlies reached"]
{{NBAOwners}}
{{Memphis Grizzlies}}
{{DEFAULTSORT:Pera, Robert J.}}
Category:University of California, San Diego alumni
Category:Memphis Grizzlies owners
Category:American technology company founders
Category:21st-century American businesspeople