Ted Waitt Net Worth (Updated 2026).
Ted Waitt, a name that has become synonymous with the furniture industry, began his professional journey in the late 1980s. Born and raised in Minnesota, Waitt’s entrepreneurial spirit was ignited at a young age when he started a lawn care business with his brother. This early venture not only instilled in him a strong work ethic but also nurtured his passion for business.
In 1986, Waitt’s career took a significant turn when he co-founded Select Comfort Corporation, a company that revolutionized the mattress industry with its innovative air mattress technology. The company, later renamed Sleep Number, became a household name, and Waitt’s visionary leadership catapulted him to fame.
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Ted Waitt’s Current Net Worth
As of 2025, Ted Waitt’s current net worth is estimated to be around $1.5 billion, according to the latest available information.
Career
Ted Waitt is the co-founder and former CEO of Gateway, Inc., a leading computer manufacturer in the 1990s. He co-founded the company in 1985 and served as its CEO until 2005. Under his leadership, Gateway became a Fortune 500 company with over $10 billion in annual sales.
Other Ventures
After leaving Gateway, Waitt founded W Holdings, a private investment company, in 2006. He also serves on the board of directors for several companies, including First Solar and Western Digital. Additionally, he is a venture partner at Alsop Louie Partners, a venture capital firm.
Assets
Waitt’s assets include a significant stake in W Holdings, as well as investments in various technology and energy companies. He also owns several properties, including a ranch in Montana and a home in Colorado. In addition, he has a collection of classic cars, including a 1957 Ferrari 250 Testa Rossa.
Annual Income
As a private investor and board member, Waitt’s annual income can vary significantly from year to year. However, as of 2021, his estimated annual income was around $50 million, primarily from his investments and board seats.
Frequently Asked Questions about Ted Waitt
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Frequently Asked Questions about Ted Waitt’s Net Worth
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1. What is Ted Waitt’s net worth?
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As of recent estimates, Ted Waitt’s net worth is approximately $1.2 billion.
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2. How did Ted Waitt make his fortune?
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Ted Waitt co-founded Gateway, Inc., a computer manufacturing company, in 1985. He served as the CEO and Chairman of the company until 2004, which significantly contributed to his wealth.
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3. What is Ted Waitt’s role in Gateway, Inc.?
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Ted Waitt was the co-founder, CEO, and Chairman of Gateway, Inc. from 1985 to 2004. He was instrumental in growing the company into a major player in the personal computer industry.
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4. When did Ted Waitt leave Gateway, Inc.?
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Ted Waitt stepped down as CEO of Gateway, Inc. in 2004, but he remained on the board of directors until 2007.
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5. What happened to Gateway, Inc. after Ted Waitt left?
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After Ted Waitt’s departure, Gateway, Inc. went through several ownership changes and restructuring efforts. It was eventually acquired by Acer Inc. in 2007.
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6. What is Ted Waitt’s involvement in philanthropy?
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Ted Waitt is known for his philanthropic efforts. He has donated to various causes, including education, healthcare, and environmental conservation. He is also a significant donor to the University of Nebraska-Lincoln, his alma mater.
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7. What is the Ted and Gayle Waitt Foundation?
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The Ted and Gayle Waitt Foundation is a private foundation established by Ted and his wife, Gayle, to support various charitable causes, primarily in the areas of education, healthcare, and community development.
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8. What is Ted Waitt’s political affiliation?
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Ted Waitt’s political affiliation is not publicly known. He has not been actively involved in politics and has not made significant political donations.
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9. What is Ted Waitt’s current occupation?
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After leaving Gateway, Inc., Ted Waitt has been involved in various business ventures and philanthropic efforts. He also serves on the boards of several companies.
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10. Does Ted Waitt have any children?
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Yes, Ted Waitt has two children with his wife, Gayle. They have a daughter, Alexandra, and a son, Theodore.
