John Morgridge net worth
John Morgridge Net Worth: John Morgridge is an American businessman with a net worth of $1 billion. Former Cisco CEO and current Cisco Systems chairman John Mogditch still makes most of his wealth through his stake in Cisco. Born in 1933 in Wauwatosa, Wisconsin, John P. Morgridge graduated from the University of Wisconsin in 1955 and then received an MBA from Stanford University in 1957.
He first worked at Stratus Computer and Honeywell Information Systems before serving as President and COO of GRiD Systems. In 1988, he became CEO and chairman of Cisco, a four-year-old company with 34 employees at the time. Morgridge took the company public in 1990, and five years later he stepped down as CEO. But since then, his net worth has grown as the company’s stock has continued to climb. Thus, he ended up becoming a billionaire. Today, he serves only as Cisco’s honorary chairman. The great philanthropist Morgridge and his wife Tashia both supported numerous charities and educational institutions, including his alma mater, the University of Wisconsin and Stanford. John Morgridge, also an avid hiker, was once president of The Nature Conservancy, which uses private funds to buy and protect land from development.
