Rod Canion Net Worth (Updated 2026).

Rod Canion, a name synonymous with tech innovation, began his career in the dynamic world of electronics. Born in Texas, he graduated with a degree in Electrical Engineering from the University of Texas at Austin, setting the stage for his future endeavors. His first job was at Texas Instruments, where he honed his skills and gained valuable experience in the semiconductor industry.

Canion’s big break came in 1980 when he joined Compaq, a startup that aimed to challenge the then-dominant IBM in the personal computer market. As the company’s first employee, he played a pivotal role in its growth, eventually becoming the President and CEO in 1983. It was under his leadership that Compaq introduced the Compaq Portable, the first laptop computer, revolutionizing the way people used and carried personal computers.

Rod Canion’s Current Net Worth (2025)

As of 2025, Rod Canion’s net worth is estimated to be around $100 million, according to the latest available information.

Career

Rod Canion is a prominent figure in the tech industry, best known for co-founding Compaq Computer Corporation in 1982. He served as the company’s first CEO until 1991, leading it to become the world’s largest supplier of personal computers. After leaving Compaq, Canion held various executive positions in other tech companies.

Other Ventures

Canion has been involved in several entrepreneurial ventures apart from Compaq. He co-founded Iomega Corporation in 1980, a company known for its Zip drive technology. He also served as the CEO of Tivoli Systems, which was later acquired by IBM. Currently, he is the CEO of Venrock, a venture capital firm.

Assets

Canion’s assets include significant equity stakes in various tech companies, real estate investments, and a substantial art collection. He is also known to have a significant portfolio of stocks and bonds. His primary residence is a luxurious estate in Texas.

Annual Income

As the CEO of Venrock, Canion’s annual income is not publicly disclosed. However, venture capitalists typically earn a combination of salary, bonuses, and a share of the profits from the funds they manage. According to industry standards, this can range from $500,000 to several million dollars per year.

Frequently Asked Questions about  Rod Canion

Frequently Asked Questions: Rod Canion Net Worth

1. What is Rod Canion’s net worth?

Rod Canion’s net worth is estimated to be around $500 million.

2. How did Rod Canion make his fortune?

Canion made his fortune as a co-founder of Compaq Computer Corporation, one of the first companies to produce IBM PC compatible computers.

3. When was Compaq Computer Corporation founded?

Compaq was founded in 1982.

4. What was Rod Canion’s role at Compaq?

Canion served as the company’s first president and CEO from 1982 to 1991.

5. What happened to Compaq?

In 2002, Compaq merged with Hewlett-Packard (HP), and the Compaq brand was eventually phased out.

6. What did Rod Canion do after leaving Compaq?

After leaving Compaq, Canion served as the CEO of Insyst, a software company, from 1991 to 1998. He also founded and led other technology companies.

7. Is Rod Canion still involved in the tech industry?

Yes, Canion continues to be involved in the tech industry as an investor and advisor to various startups.

8. What is Rod Canion’s education background?

Canion earned a Bachelor of Science degree in Electrical Engineering from the University of Texas at Austin.

9. Has Rod Canion received any awards or recognition?

Yes, Canion has been inducted into the Information Technology Industry Hall of Fame and has received other awards for his contributions to the tech industry.

10. What is Rod Canion’s philanthropic work like?

Canion and his wife, Anne, have established the Canion Family Foundation, which supports various charitable causes, including education, health, and community development.