What is Scott Galloway's net worth and salary?
Scott Galloway is an American professor, author, speaker, businessman and entrepreneur who has a net worth of $40 million. Scott Galloway is probably best-known for being the co-host of the podcast "Pivot," which he co-hosts alongside journalist Kara Swisher. He also hosts his own popular podcast called "The Prof G Show." Outside of podcasting, Scott is a serial entrepreneur with multiple company sales on his resume, in addition to being a professor of marketing at the New York University Stern School of Business. He donates 100% of his NYU salary back to the school and he has donated millions to NYU, Berkeley and UCLA.
Speaking Fees
According to an August 2022 New York Times profile, Scott makes $5 million per year in speaking fees, charging $50,000 for virtual events and $250,000 for live international events.
Early Life
Scott Galloway was born in November 1964 to immigrant parents. His father was a salesman from Scotland and his mother was a secretary. They divorced when he was 9 and Scott went to live with his mother.
He attended UCLA for undergrad then earned an MBA from the Haas School of Business and the University of California, Berkeley.
Career
During his time at Berkeley, the internet was beginning to be more widely adopted, but it was still very misunderstood by brands and businesses. With that knowledge in mind, in 1992 – while still earning his MBA, Scott and a friend started a marketing consultancy business called Prophet Brand Strategy. Their main advice to clients was essentially to bring their brand online. Prophet soon counted Levi Strauss, Apple and Williams-Sonoma as clients.
In 1997 he founded a company called Red Envelope, which was one of the earliest e-commerce websites. Red Envelope specialized in selling last minute gifts.
In 2010 Scott founded the digital intelligence firm L2 Inc. which was later acquired by Gartner for a reported $155 million in 2017. Galloway also founded the activist hedge fund Firebrand partners in 2005. He has been on the board of directors for Eddie Bauer, Gateway Computer, The New York Times Company, Urban Outfitters, and more. Scott Galloway is known for his Winners & Losers talks. He teaches MBA students brand management and digital marketing.
Galloway has authored a number of books, including:
- The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google
- The Algebra of Happiness: Notes on the Pursuit of Success, Love, and Meaning
As a member of the Board of Directors of Urban Outfitters, Scott earns $440,000 per year.
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Pivot
In 2017, prior to the launch of Pivot, Scott appeared on Kara Swisher's solo podcast and made the prediction that Amazon would acquire Whole Foods. Four days later Amazon announced exactly that.
Since 2018 he has co-hosted the popular podcast "Pivot" with journalist Kara Swisher. Through Pivot, Twitter and his website, Scott has been known to take on large companies that he thinks are not performing correctly in some manner. A notable example in 2019 was WeWork. One could argue that Scott's well-informed rants about WeWork and its founder Adam Neumann had a significant influence on that companies disastrous fall from grace. Scott was portrayed by Kelly AuCoin in the 2022 Apple TV+ series "WeCrashed," which told the story of WeWork's unbelievable fall from grace.
He has also made some bad predictions. In 2019 he predicted that Tesla's stock price would drop 80%. The stock proceeded to increase 10-fold. A stock index that invests by betting against Galloway's predictions has reportedly returned more than 200% to date.
Today "Pivot" is downloaded by roughly 250,000 people per week on average, which makes it one of the 100 most-downloaded podcasts on iTunes.
(Photo by Tobias Hase/picture alliance via Getty Images)
Stock Holdings
In December 2019, Scott published a scathing take down of Twitter CEO Jack Dorsey. In the letter, which was addressed to Twitter's executive Chairman Omid Kordesanti, Galloway revealed that he owned 334,000 shares of Twitter, which at the time of publish were worth a little over $10 million. At various points that stake has been worth as much as $15 million and as little as $5 million. He announced, over Twitter, in May 2021 that he had sold his stake. At the time Twitter was trading at around $60 a share, which means he presumably sold his stake for around $20 million (pre-tax).
During various podcast episodes and public lectures, Scott has implied that he also owns stakes in Apple and Amazon. In article published in February 2018 he said the following:
"The benefits of big tech have accrued for me on another level as well. In my investment portfolio, the appreciation of Amazon and Apple stock restored economic security to my household after being run over in the Great Recession." – Scott Galloway
Real Estate
In New York City Scott owns a 3,300 square-foot SoHo apartment but he spends most of his time at a home in Delray Beach, Florida. He bought his first Delray home in 2013 for a little over $1 million. He sold this home in January 2022 for $3.7 million.
