Have a look at the bio, religion and net worth of George Kurtz
CEO George Kurtz has become quite irritated with CrowdStrike Holdings Inc.’s worldwide computer outage because it is financially ruining him.
Towards an 11-week low, the stock fell $38.73, or 11.3%, during Friday afternoon trade. George Kurtz revealed earlier this week that he beneficially owned 1,127,843 Class A shares, or roughly 0.5% of the outstanding Class A shares, of the cybersecurity company he established in a filing with the Securities and Exchange Commission.
Who is George Kurtz Co-Founder and CEO of CrowdStrike, biography, age, family, wife, education, career, religion and net worth
This indicates that Kurtz’s investment lost $42.6 million in value as a result of the stock’s Friday selloff. This means that his holding is worth a total of roughly $343.2 million.
Today was not a security or cyber incident. Our customers remain fully protected.
We understand the gravity of the situation and are deeply sorry for the inconvenience and disruption. We are working with all impacted customers to ensure that systems are back up and they can…
— George Kurtz (@George_Kurtz) July 19, 2024
Kurtz had lost almost $59.7 million earlier on Friday when the stock had dropped as far as $52.95, or 15.4%, at the intraday low of $109.10.
But before investors start crying over Kurtz, they ought to remember that he’s been paid handsomely. His overall pay for the fiscal year that concluded on January 31 was $46.98 million, which consisted of $44.1 million in stock awards and a $950,000 cash salary. The stock of CrowdStrike surged by 176.2% in the 12 months ending on January 31.
George Kurtz’s real-time net worth currently stands at a whopping $3.2 billion.
George Kurtz’s latest news
Technological disruptions disrupted healthcare facilities, airplanes, banks, and courts worldwide on Friday. Hospitals worldwide reported issues, payments were delayed, and flights were cancelled.
A global issue that impacted large corporations like Microsoft knocked most of the infrastructure offline. The issues were caused by a worldwide software upgrade that cybersecurity experts CrowdStrike distributed.
George Kurtz, CEO of Crowdstrike, subsequently assured clients in a statement that the outage was not “a security incident or cyber attack.”
Kurtz, who also founded Crowdstrike, has a wealth of industry knowledge from his time spent in a number of high-profile positions at McAfee, a competitor cyber security company.
Kurtz was one of the first employees in the security group at Price Waterhouse, which is now part of PwC, when he started working there as an accountant following college.
Kurtz founded Foundstone, a global provider of security products and antivirus software, in October of that year. Foundstone is known for having “one of the leading incident response practices in the industry.” He was the company’s CEO until McAfee paid $90 million to acquire it in October 2004.
Along with Stuart McClure and Joel Scambray, he co-wrote the 1999 book Hacking Exposed, which was aimed at network managers and covered cybersecurity. Over 600,000 copies of the book were sold, and it was translated into over 30 languages.
In Irvine, California, Kurtz co-founded CrowdStrike with Dmitri Alperovitch. Following the acquisition of $25 million in investment, the firm was formally launched in February 2012. Since then, Alperovitch has departed the business, which went public in 2019.
George Kurtz career, family and education
The 59-year-old IT entrepreneur George Kurtz, who is originally from Parsippany, New Jersey was born on 5 May 1965. He did not have an affluent upbringing and attended the Seton Hall University to study accounting.
Alexander is the only child of George and his wife Annamaria Kurtz. Allegra, their daughter, passed away in 2021 as a result of issues with her brain. He lives in Paradise Valley, Arizona with his wife and son and is Jewish by religion.
He is also the former founder of Foundstone and has served as the chief technology officer of McAfee.