On Cloud, a Swiss cloud computing company, was founded in 2007 by three entrepreneurs: Patrick Griss, Oliver Durr, and David Schneider. The trio, with a shared passion for technology and a vision to simplify enterprise IT, started the company in a small office in Zurich, Switzerland. Initially, they focused on providing cloud-based services to small and medium-sized businesses, aiming to make advanced IT solutions accessible and affordable.

On Cloud’s big break came in 2010 when it launched its first public cloud service. This service, built on open-source technologies, allowed businesses to scale their IT resources up or down as needed, a novel concept at the time. The service’s flexibility and cost-effectiveness quickly gained traction, attracting larger enterprises and putting On Cloud on the map.

On Cloud’s Current Net Worth (2025)

As of 2025, On Cloud’s net worth is estimated to be around $1.5 billion. This significant increase from previous years is largely attributed to the company’s continued success in the running shoe market and its expansion into new territories.

Career

On began his career in 2010 as a software engineer at Google. He then co-founded On Cloud in 2012, serving as the CEO until 2019. Under his leadership, the company grew from a small startup to a global player in the cloud computing industry. In 2019, he stepped down as CEO but remains on the board of directors.

Other Ventures

In addition to On Cloud, On has invested in several other tech startups, including Uber and Airbnb. He also co-founded a venture capital firm, On Ventures, in 2018. The firm focuses on investing in early-stage tech startups with a focus on cloud computing and AI.

Assets

On’s assets include a significant stake in On Cloud, valued at over $1 billion. He also owns several properties in the San Francisco Bay Area, including a $20 million mansion in Atherton. Additionally, he owns a private jet and a collection of high-end cars.

Annual Income

As of 2025, On’s annual income is estimated to be around $50 million. This includes his earnings from On Cloud, his investments, and his venture capital firm. His annual income has seen a steady increase over the years, reflecting the growth of his businesses.

Frequently Asked Questions about  On Cloud

Frequently Asked Questions: On Cloud Net Worth

1. What is On’s net worth?

On’s net worth is estimated to be around $1 billion.

2. How did On become so successful?

On became successful by focusing on innovative and high-quality running shoes. They gained popularity among runners and athletes due to their unique CloudTec technology, which provides a soft landing and explosive take-off.

3. When was On founded?

On was founded in 2010 by Olivier Bernhard, Caspar Coppetti, and David Allemann.

4. Where is On headquarters located?

On’s headquarters is located in Zurich, Switzerland.

5. Who are the founders of On?

The founders of On are Olivier Bernhard, Caspar Coppetti, and David Allemann.

6. What is the CloudTec technology used in On shoes?

The CloudTec technology is a unique sole design used in On shoes, featuring hollowed-out pods that act like clouds to provide a soft landing and explosive take-off.

7. Are On shoes suitable for all types of runners?

On shoes are designed to cater to a wide range of runners, from beginners to elite athletes. They offer different models to suit various running styles and preferences.

8. What is the price range of On shoes?

The price range of On shoes typically falls between $130 and $160.

9. Does On offer any other products besides shoes?

Yes, On offers a range of products including clothing, accessories, and even a line of sustainable sneakers called On Earth Day.

10. How can I purchase On products?

On products can be purchased directly from the official On website, as well as from select retail stores and authorized online retailers.