Graham Weston Net Worth is$1.3 Billion
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Graham Weston Net Worth: Graham Weston is an American businessman who has a net worth of $1.3 billion. Graham Weston is one of the founders of the IT hosting company Rackspace. He also serves as Chairman of the Board. Coming from a ranching family in the San Antonio region of Texas, Graham was surrounded by entrepreneurial opportunities from his early childhood. Actually, he was only a seventh grader when he started his first business venture related to marketing organic pork in newspaper ads that read "Go Hog Wild!". While in high school, he got other business ideas on his mind, including a company that took photos at livestock shows and selling them to contestants. As a student at Texas A&M, Weston again came up with and launched a new business, this time in the field of real estate. This business lead his family to buy and develop the Weston Centre in downtown San Antonio. It was during this period that he saw a great opportunity and developed a keen interest in the Internet. In 1998, Graham along with a partner put up the initial capital for a business idea called "" which was pitched by three local Trinity University students. The investment turned out to be a huge success. Graham soon joined Rackspace as CEO, a position he held until 2006. Apart from having a sharp business acumen, Weston is also a great philanthropist who provided a temporary shelter for more than 2,500 victims of hurricanes Katrina and Rita in 2005. Ultimately, he was named a 2006 "Best Boss" by Fortune Small Business magazine and also was recognized as regional Entrepreneur of the Year by Ernst & Young.
Rackspace Inc. is an IT hosting company based in San Antonio, Texas, USA. The company also has offices in Australia, the United Kingdom, Switzerland, Israel,The Netherlands and Hong Kong, and data centers operating in Texas, Illinois, Virginia, the United Kingdom, Australia, and Hong Kong. The company's email and apps division operates from Blacksburg, VA; other offices are located in Austin, TX and San Francisco, CA.

In 1996, Richard Yoo started a small Internet service provider called Cymitar Network Systems out of his garage apartment in San Antonio, Texas. The company began doing application development work in addition to offering basic Internet access and web hosting. In 1997, Yoo brought on Dirk Elmendorf. When the company began to develop Internet applications as its primary business, the company was re-formed as Cymitar Technology Group. As Cymitar Technology Group grew, Patrick Condon was recruited from California and joined the team in 1998. Coincidentally, all three of the company's founders were students at one time at Trinity University in San Antonio.
Although the founders began as application developers for end-users, they found that most companies did not know how to host their applications, or did not want to be involved in the hosting. The founders wanted to keep their focus on the application development???not the hosting???but they were unable to find an opportunity to outsource the hosting work. Eventually, the founders realized that it would be better to create a product to serve the hosting need and launch it as a company. Rackspace was launched in October 1998 with Richard Yoo as its CEO. Although most hosting companies focused on the technology end of hosting, Rackspace created its "Fanatical Support" offering to focus on service and support. On March 28, 2000, Rackspace received funding through Norwest Venture Partners and Sequoia Capital. George J. Still, Jr., Managing Partner at Norwest, subsequently joined the Board of Dir

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Graham Weston Latest News

Akimbo Lands $850K From Rackspace Co-founder & Others To Bring Prepaid Debit Cards Into The Social, Mobile Era

The investment was led by Rackspace Chairman and co-founder Graham Weston, former CEO and Chairman Emeritus of Cullen/Frost Bankers Tom Frost and Akimbo co-founder Tom O. Turner. The round adds to the ...
Posted: May 13, 2013, 3:29 pm

UTSA announces creation of Open Cloud Institute

(Feb. 26, 2015) -- The University of Texas at San Antonio (UTSA) has announced the creation of the Open Cloud Institute, an initiative to develop ... some of society's grand challenges," said Graham W...
Posted: February 23, 2015, 1:44 pm

Dog park at Maverick in the works

And the group has applied for grants from organizations such as the 80/20 Foundation, Rackspace chairman Graham Weston’s philanthropic organization, and the San Antonio Area Foundation. The group hope...
Posted: May 12, 2015, 9:38 am
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