William Stone
Naples, Florida
Bachelor of Arts/Science, Marquette University
United States
software, Self Made
$2,200,000,000
1227
#1227 Billionaires 2019
Bill Stone started financial-software firm SS&C Technologies in 1986 with the $20,000 he had saved from his days as a KPMG executive.His product became popular among asset managers, bankers and insurers who wanted to electronically manage their books.He guided the firm to an IPO in 1996, but the dot-com crash nearly crippled the company in 2001.Stone refocused and added services such as data centers, then took the company private in 2005.In 2011, a resurgent SS&C went public again; Stone remains the firm's largest individual shareholder, with a 16% stake.
Between June 1999 and December 2001, SS&C went from 610 employees to 250, as the markets crashed. The Evansville, Indiana native was the captain of his high school football team.
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