
Reported net worth
$33.00B
Source: Celebrity Net Worth · verified Sep 30, 2026
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Robert Pera was born in 1978 and raised in San Carlos, California. He attended the University of California, San Diego, where he earned degrees in electrical engineering and Japanese language. After completing his studies, he began his professional career as a hardware engineer at Apple, where he focused on Wi-Fi testing for the company's hardware division.
While working at Apple, Pera became interested in the limitations of wireless networking technology. In 2005, he left his position to found Ubiquiti Networks, a company aimed at providing affordable, high-performance wireless broadband to underserved markets. He initially operated the startup out of his apartment, funding the venture with his own savings and credit cards.
The business model for Ubiquiti centered on creating cost-effective, high-capacity wireless equipment that bypassed the need for expensive traditional infrastructure. By focusing on a lean organizational structure and leveraging community-driven development, Pera was able to scale the company rapidly. The company went public on the NASDAQ in 2011, which significantly increased its profile and capital access.
Throughout the following decade, Pera expanded the company’s product line to include enterprise networking solutions, security cameras, and telecommunications infrastructure. His ownership stake in the firm has remained a primary source of his wealth, which has fluctuated in alignment with the company's market performance. The company eventually rebranded as Ubiquiti Inc. to reflect its diversified hardware portfolio.
Beyond his work in technology, Pera is known for his ownership of the Memphis Grizzlies, an NBA franchise he acquired in 2012. He remains the chairman and CEO of Ubiquiti, overseeing the firm's global operations from its headquarters. Pera continues to be recognized as one of the most prominent self-made technology entrepreneurs in the United States.
2003
Joined Apple as a Wireless Engineer
Pera began his career as a wireless hardware engineer at Apple, where he worked on optimizing Wi-Fi transmitter signals.
2005
Founded Ubiquiti Networks
He left Apple to establish Ubiquiti Networks with the goal of bringing affordable wireless broadband technology to emerging markets.
2011
Ubiquiti Networks Initial Public Offering
Pera led Ubiquiti Networks through its initial public offering on the NASDAQ exchange, officially securing his status as a billionaire.
2012
Acquired the Memphis Grizzlies
He became the majority owner of the NBA's Memphis Grizzlies franchise after purchasing the team for an estimated 377 million dollars.
2018
Retained Controlling Ownership of the Grizzlies
Pera bought out key minority partners to maintain his position as the controlling owner of the Memphis Grizzlies.
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