NET WORTH: Unknown
SOURCE OF WEALTH: NetScreen, Fortinet
FUNDING AREAS: Education and Youth, Athletics
OVERVIEW: Ken Xie, his brother Michael, and family do their grantmaking through the Xie Foundation. The family prioritizes funding for their schools.
BACKGROUND: Ken Xie graduated with B.S. and M.S. degrees from Tsinghua University and an M.S. from Stanford University. He started his first network security company, SIS, in 1993, designing software firewalls while studying at Stanford University. He also started NetScreen, which sold to Juniper for $4 billion. He went on to co-found Fortinet, a security platform.
Michael Xie graduated from Tsinghua University and University of Manitoba. He was software director and architect for NetScreen before going on to co-found Fortinet with his brother Ken.
EDUCATION & YOUTH: The Xie family, via their foundation, support Tsinghua Alumni Foundation, Stanford University (where they’ve supported an electrical engineering chair), Pinewood School, and University of Miami. The brothers' parents were academics at Tsinghua University.
ATHLETICS: Grantees include Asian American Tennis Foundation and East Palo Alto Tennis and Tutoring. Ken Xie once wanted to be a professional volleyball player in his native China.
LOOKING FORWARD: Of late, the Xies have prioritized a handful of organizations via their foundation. Perhaps their grantmaking will deepen down the line, with Ken and Michael each starting a foundation of their own.
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