Know the Net Worth of BlackBerry Founder Mike Lazaridis!
In this article, we will examine Mike Lazaridis’s age, career, and wealth. Continue reading the conclusion for additional information.
Who is Lazaridis Mike?
Mihal “Mike” Lazaridis OC OOnt FRS is a Canadian industrialist, an investor in quantum computing technologies, and the founder of BlackBerry, the company that developed and manufactured the BlackBerry wireless portable device. Forbes ranked Lazaridis, with an estimated net worth of $800 million (as of June 2011), as the 17th wealthiest Canadian and 651st in the globe.
From 1984 to 2012, Lazaridis served as co-chairman and co-CEO of BlackBerry, as well as Board Vice Chair and Innovation Committee Chair from 2012 to 2013. In March 2013, he co-founded Quantum Valley Investments with his childhood friend and BlackBerry co-founder, Douglas Fregin, to provide financial and intellectual capital for the further development and commercialization of breakthroughs in quantum information science.
|Birth||March 14, 1961|
|Net Worth||$600 million|
What is Mike Lazaridis’ Net Worth?
Mike Lazaridis is a Greek-Canadian businessman and entrepreneur who has a net worth of $600 million. Mike Lazaridis made his wealth as a co-founder of BlackBerry, previously known as Research In Motion.
At the pinnacle of BlackBerry’s popularity in 2008, Mike Lazaridis’ net worth was $4 billion. The company’s market capitalization was $85 billion at the time. Unfortunately, the launch of the iPhone undermined much of BlackBerry’s value over the following years.
In March 2013, he co-founded Quantum Valley Investments with boyhood friend and BlackBerry co-founder Douglas Fregin to offer financial and intellectual resources for the continued research and commercialization of quantum information technology discoveries. He created the Perimeter Institute for Theoretical Physics in 1999, and he currently serves as its board chair. He established the Institute for Quantum Computing in 2002.
Charitable Endeavors and Quantum Science Research Done by Mike Lazaridis
Lazaridis is well-known for his charitable endeavors and love of scientific research in addition to his financial endeavors. He made a $100 million gift to the University of Waterloo in 2000, which paved the way for the establishment of the Perimeter Institute for Theoretical Physics.
His goal was to promote creativity and scientific research in Canada and, in the long term, the entire world. Since then, he has continued to significantly support the institution by funding projects related to quantum physics and quantum computing.
Later, in 2012, Lazaridis and Doug Fregin launched Quantum Valley Investments, a $100 million firm that aims to offer finance and expertise for the creation and use of quantum technology.
RIM (Research In Motion)
RIM began as a consulting firm specializing in electronics and computer science. With a government contract to create a network gateway, subsequently dubbed Mobitex, the company shifted its focus to wireless technology, paving the way for its future success.
RIM’s defining moment occurred in 1999 when the BlackBerry 850, the first wireless handheld device, was released. It transformed the way business was conducted by providing email access on the go and paving the way for the smartphone era. As co-CEO, Lazaridis helped RIM become a global leader in wireless innovation, reaching its zenith in 2010 with over 50 million BlackBerry customers worldwide.
Awards and Accolades Achieved by Mike Lazaridis
Lazaridis received an honorary doctor of engineering degree from the University of Waterloo on October 21, 1999, and became its ninth rector in June 2003. In 2000, he was included on the Maclean’s Honour Roll as a distinguished Canadian, and in 2002, The Globe and Mail’s readers voted him Canada’s Nation Builder of the Year.
He was appointed an Officer of the Order of Canada and a member of the Order of Ontario in 2006. He was elected a Fellow of the Royal Society in 2014.
Lazaridis won an Academy Award in 1999 for his technological efforts in developing a high-speed barcode reader used in film editing. In 1994, the same innovation won an Emmy. Jay Baruchel plays Lazaridis in the 2023 film BlackBerry.