# Fred Luddy
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fred luddy (born 1954/1955) is an American billionaire businessman, and the founder of ServiceNow, a cloud computing company.
== Early life ==
Luddy grew up in New Castle, Indiana, the son of an accountant father and a Catholic-school teacher mother.Luddy went to Indiana University, but dropped out, as he was spending too much time doing computer programming.
== Career ==
In 2004, his then net worth of $35 million was lost due to an accounting fraud at his previous company, Peregrine Systems, of which he was the CTO.Luddy founded ServiceNow two weeks before his 50th birthday, "I couldn't wait, because there was something psychologically that said I couldn't start a company at 50."Luddy stepped down as CEO of ServiceNow in 2011, then focused on product development, and moved at an advisory role in 2016.In April 2018, Luddy's net worth was estimated at $1.1 billion.
The Daily Download - tech news for 2018-10-22
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Doug Leone spent 26 years helping lead Sequoia Capital through successive eras of technological change. Born in Italy, he came to the U…
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