Fred Luddy

Fred Luddy (born 1954 ) is an American billionaire businessman, and the founder of ServiceNow, a cloud computing company.

Early life Luddy grew up in New Castle, Indiana, the son of an accountant father and a Catholic schoolteacher mother.

Luddy went to Indiana University Bloomington, but dropped out, as he was spending too much time doing computer programming.

In 2004, his then net worth of $35 million was lost due to an accounting fraud at Peregrine Systems, of which he was the CTO.

World Team Tennis Luddy acquired a majority ownership of the San Diego Aviators in 2015. He served as the Chairman of the Board of the team.

In 2017, Luddy was part of a purchase of World Team Tennis from Billie Jean King. He is now a majority owner with Eric Davidson.

Philanthropy Luddy Hall at the Luddy School of Informatics, Computing, and Engineering at Indiana University Bloomington was named in recognition of a donation from Luddy, and "in honor of the many IU alumni in the Luddy family, including Fred's mother, father, sister and two brothers".

Awards In 2023, Fred Luddy received the Horatio Alger Award.