David Smith, a name that has become synonymous with innovation and success, began his career in the most unlikely of places. Growing up in a small town, Smith showed an early aptitude for computers, spending countless hours tinkering with old machines and teaching himself to code. This passion led him to drop out of college, a decision that would have been considered unconventional at best, but Smith was undeterred. He moved to Silicon Valley with little more than a dream and a backpack full of ambition.

Smith’s big break came when he co-founded his first startup, a social media platform that aimed to connect people in a way that was both innovative and meaningful. The platform took off, gaining millions of users within its first year. Smith’s unique vision and leadership style, marked by his ability to inspire and empower his team, quickly made him a standout figure in the tech industry.

David Smith’s Net Worth in 2025

As of 2025, David Smith’s net worth is estimated to be $2.5 billion, according to the latest available information.

David Smith’s Career

David Smith is a successful businessman known for co-founding the software company, Qualtrics. He served as the CEO from 2002 until 2018, leading the company to a successful IPO in 2018. Prior to Qualtrics, Smith held various roles in management consulting and venture capital.

Other Ventures

Smith is also a venture capitalist and angel investor. He has invested in numerous startups, including Uber, Airbnb, and SpaceX. Additionally, he is a co-founder of the venture capital firm, Pelion Ventures.

Assets

Smith’s assets include a significant stake in Qualtrics, valued at over $1 billion. He also owns a portfolio of investments in various tech startups and real estate properties. His primary residence is a luxurious home in Utah, valued at around $5 million.

Annual Income

Smith’s annual income is primarily derived from his investments and dividends from Qualtrics. His exact annual income is not publicly disclosed, but it’s estimated to be in the tens of millions of dollars.

Frequently Asked Questions about  David Smith

David Smith Net Worth

David Smith is an American businessman and the co-founder of the software company, Qualtrics. As of the latest estimates, David Smith’s net worth is approximately $1.5 billion.

How did David Smith make his money?

David Smith made his fortune by co-founding Qualtrics, a software company that specializes in experience management. He started the company in 2002 with his brother Ryan Smith.

What is David Smith’s role at Qualtrics?

David Smith serves as the Executive Chairman of Qualtrics. He was the CEO of the company from 2002 until 2018, when he stepped down to become the Executive Chairman, with his brother Ryan taking over as CEO.

Did David Smith take Qualtrics public?

Yes, David Smith and his brother Ryan took Qualtrics public in 2021. The company’s initial public offering (IPO) was one of the most successful tech IPOs in recent years.

What is David Smith’s educational background?

David Smith graduated from Brigham Young University with a degree in Business Management. He also has an MBA from Harvard Business School.

Where does David Smith live?

David Smith resides in Provo, Utah, with his family. He has lived in the area for most of his life and is deeply involved in the local community.

What is David Smith’s philanthropic work like?

David Smith is known for his philanthropic efforts, particularly in the areas of education and entrepreneurship. He has donated to various causes and organizations, including Brigham Young University and the University of Utah.

Does David Smith have any siblings?

Yes, David Smith has one sibling, Ryan Smith, who is also his business partner at Qualtrics. Ryan is the current CEO of the company.

What are David Smith’s interests outside of business?

David Smith is an avid outdoorsman and enjoys activities like hiking, skiing, and fishing. He is also a passionate supporter of the arts and culture in his community.

What is David Smith’s investment portfolio like?

David Smith’s investment portfolio is primarily focused on technology and real estate. He has invested in several tech startups and also owns commercial real estate properties in Utah.