Scott Galloway isn’t just a professor; he’s a serial entrepreneur, best-selling author, and outspoken critic of tech giants Galloway is the Professor of Marketing at NYU Stern School of Business and the host of two podcasts. The tech mogul made his wealth selling L2 Inc for $155 million. Today, Scott Galloway has a net worth of $100 million.
Background
Hailing from Florida, Galloway was born on November 3, 1964. His father was a Scottish immigrant and his mother, a Jewish immigrant from London.
Raised by a single mother, he got a bachelor’s degree in economics from the University of California and graduated in 1987. In 1992, he earned an MBA at UC Berkeley.
Business Ventures
In 1992, he founded Prophet, a brand consulting company and sold it for $28 million. Scott launched Red Envelope in 1997, the ecommerce website sold personalized gifts and went public in 2003. Red Envelope filed for bankruptcy in 2008 and was bought by Provide Commerce. Scott was left with almost nothing after its failure.
He picked himself up again and started a digital intelligence business called L2 Inc in 2005. Tech consulting firm Gartner purchased the firm for a cool $155 million in 2017.
With his knowledge and reputation, he has joined the board of directors for companies such as Urban Outfitters, The New York Times Company, Gateway Computer, and his alma mater, Haas School of Business.
Academic Career
At NYU Stern School of Business, the brilliant entrepreneur works as a Professor of Marketing. His research focuses mostly on Google, Apple, Facebook, and Amazon. He refers to these companies as “The Four” in his first book.
Moreover, he was a known critic of Adam Neumann and predicted WeWork’s inevitable crash. For this reason, he was a key character in the AppleTV+ series WeCrashed.
Aside from public speaking and lecturing, Scott is a podcast host. In 2018, he began co-hosting the weekly program “Pivot” with journalist Kara Swisher. In 2020, he started a new podcast “The Prof G Show” and released a newsletter on his website.
Net Worth and Earnings
Galloway made his wealth starting multiple businesses. Not every venture worked out but he’s had some huge winners. Selling L2 Inc really put his name on the map and companies want to have him as an adviser. At Urban Outfitters, it is reported that he makes $440,000 per year.
However, his compensation as a board member of other companies hasn’t been disclosed. Section4 is his latest business and has raised over $37 million to provide online business education.
Public speaking is his main income source outside of business. According to the AAE Speakers Bureau, Scott gets paid $200,000 and above for live events, and $50,000 – $100,000 for virtual events. The New York Times reported that that he earns about $5 million annually from speaking fees alone!
His personal wealth stands at $100 million as verified on the My First Million podcast. He also revealed, that he spends $200,000 to $400,000 per month. Fun fact, he donates 100% of his NYU salary back to the school and has given millions to institutions like NYU, Berkeley, and UCLA.
Personal Life
Scott Galloway’s love life remains a hot topic. He is currently married to his second wife, Beata Helena Galloway, a German-born property developer. The couple met in Miami, have two sons together and now live in London. Beata is 15 years younger! Not much is known about his first wife and he prefers to keep it that way!
