By June 2012, the previous billionaire is bulk owner of the Memphis Grizzlies NBA franchise. MonkeyBrains, a provider in San Francisco’s Mission District, uses it to serve about 2,000 customers with wireless high-speed Internet for $35 a month. Robert Pera Net Worth $2.1 Billion Since he was raised in Silicon Valley, Pera established his first computer services company while he was in high school. “I’m going to do it this year.
“The timing was terrible,” says Craig Foster, who was lead banker for UBS on the Ubiquiti IPO and is now Ubiquiti’s chief financial officer. Pera hesitated a few beats before he answered: “Yeah, sure.” Levien then intervened to say he would do it some other time.Pera put Levien in charge of running the team, which is currently in a first-round playoff matchup with the Los Angeles Clippers. The work was dull, but Pera showed up early, stayed late, and did his best to impress.

In July 2012 it won a preliminary injunction to halt Kozumi’s sales of Ubiquiti-branded products. That company provided networking and database services to local businesses. Before the company was public, he focused exclusively on “serving customers, killing competitors, and making money.” Now he plans to sell investors on Ubiquiti as a misunderstood company with a big future. At the age of 36, Pera earned a spot on Forbes ' list of the 10 youngest billionaires in the world. Hoky, the suit alleges, began churning out identical antennas and accessories, right down to the packaging and user guides, and shipping them as Ubiquiti product.Pera couldn’t believe it. Lamb asked that the school board not change the name to "Tyler LEE" but after "someone who we can all be proud of." in Electrical Engineering and a B.A. They wound up talking hoops for hours at the Peninsula Hotel in New York. “This was a big market that was just starting, but nobody knew about it,” he says. It was the Silicon Valley equivalent of a knighthood, but Pera speaks ruefully of it now. He’s palming the basketball as he paces the court across the parking lot from the San Jose offices of Ubiquiti Networks, the wireless hardware company he founded and runs. Pera’s net worth recently dropped below $1 billion as Ubiquiti shares tumbled.Ubiquiti Networks founder now worth an estimated $980 million.Ubiquiti Networks CEO Robert Pera As the youngest individual on Forbes' Real-Time Billionaires list, Robert Pera, the 34-year-old founder of Ubiquiti Networks, is still learning the ropes. “I didn’t necessarily know about the power of creating your narrative, marketing the story.”In October, while Ubiquiti was still reeling, Pera became the youngest owner in the NBA when he led a group of more than 20 partners that bought the Grizzlies for $377 million, including assumed debt, from bankruptcy turnaround specialist Michael Heisley. But he also sounds like a teenager boasting about his next dunk.“You can be the first to call it,” he says. It costs about $200 to get a home system up and running, says systems administrator Anders Finn. He sounds like a typical CEO talking about opportunities in emerging markets, the promise of new products like wireless hubs for office buildings and Web-enabled surveillance systems, and a $1 billion revenue target. He wins our second game by one shot.Pera is one of the most successful entrepreneurs in Silicon Valley. “You’re finally finding your stride,” his boss told him.Unsure of his next step, Pera looked to the model of his former employer. “It’s really kind of an insurrection,” says Matthew Robison, an analyst who tracks Ubiquiti for Wunderlich Securities.

He stands 6-foot-3 with thick, freckled arms, a spiked, strawberry blond crew cut, and the beginnings of a mustache. NBA teams have been selling limited partner stakes at premiums.There are 58 billionaire sports team owners around the world who own a combined 70 top-tier sports franchises.



Ubiquiti (UBNT) CEO Robert Pera was the Wednesday's biggest loser in our real-time tracking [...]Robert Pera, billionaire at 33, makes computer hardware with even fatter profit margins than his former employer's.

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