Norm Waitt Net Worth (Updated 2025).

Norm Waitt, a name synonymous with technological innovation, began his career in the early 1980s, a time when personal computers were still a novelty. Born and raised in Des Moines, Iowa, Waitt’s fascination with computers began at an early age, leading him to pursue a degree in Computer Science at Iowa State University.

After graduating with honors, Waitt moved to Silicon Valley, the epicenter of the tech industry, in search of opportunities. In 1983, he co-founded Gateway 2000, a company that would revolutionize the personal computer industry. With a unique direct-to-consumer business model and a distinctive cow-spotted packaging, Gateway 2000 became a household name, making Norm Waitt a prominent figure in the tech world.

**Norm Waitt’s Current Net Worth (2025)**

As of 2025, Norm Waitt’s current net worth is estimated to be around $2.5 billion, according to the latest available information. This significant wealth is primarily attributed to his successful career in the technology industry and his investments.

**Norm Waitt’s Career**

Norman R. Waitt Jr., often known as Norm Waitt, is an American businessman and co-founder of Gateway, Inc. He established the company in 1985 with his partner, Ted Waitt. Under his leadership, Gateway grew to become a leading direct marketer of computers and became a publicly traded company in 1993. Waitt served as the CEO until 2001 and remained on the board of directors until 2004.

**Other Ventures**

After leaving Gateway, Waitt ventured into various other businesses. He co-founded and served as the CEO of Wild Blue Technologies, a satellite broadband service provider, from 2003 to 2008. He also founded Waitt Institute for Violence Prevention in 2004, a non-profit organization focused on reducing violence in South Dakota. Currently, he serves as the Chairman of Waitt Foundation, which supports various environmental and social causes.

**Assets**

Norm Waitt’s assets include significant real estate holdings, primarily in South Dakota. He owns the Waitt Outdoor Corporation, which manages over 1.2 million acres of land in the Black Hills and other parts of the state. He also owns a stake in the Black Hills Energy Corporation. Additionally, Waitt’s art collection, featuring works by artists like Andy Warhol and Roy Lichtenstein, is valued at tens of millions of dollars.

**Annual Income**

Norm Waitt’s annual income is not publicly disclosed. However, as a successful businessman and philanthropist, it is likely that his income is substantial and diverse, coming from his investments, real estate holdings, and other business ventures. His exact annual income remains unknown due to the private nature of his financial affairs.

Frequently Asked Questions about  Norm Waitt

Frequently Asked Questions: Norm Waitt Net Worth

1. What is Norm Waitt’s net worth?

Norm Waitt’s net worth is estimated to be around $1.5 billion.

2. How did Norm Waitt make his fortune?

Norm Waitt co-founded Gateway, Inc., a computer manufacturer, in 1985. He served as the company’s CEO until 2001 and remained on the board of directors until 2007.

3. What is Gateway, Inc.?

Gateway, Inc. was a computer manufacturing company based in Sioux City, Iowa. It was known for its line of personal computers and was one of the first PC companies to sell directly to consumers.

4. When was Gateway, Inc. founded?

Gateway, Inc. was founded in 1985.

5. What happened to Gateway, Inc.?

In 2007, Acer Inc. acquired Gateway, Inc. and its subsidiary eMachines.

6. What has Norm Waitt done since leaving Gateway, Inc.?

After leaving Gateway, Inc., Norm Waitt has been involved in various philanthropic endeavors and has also served on several corporate boards.

7. What is the Norm Waitt Foundation?

The Norm Waitt Foundation is a private foundation established by Norm Waitt to support a variety of charitable causes, including education, healthcare, and community development.

8. Where is Norm Waitt from?

Norm Waitt is from Sioux City, Iowa.

9. What is Norm Waitt’s educational background?

Norm Waitt graduated from the University of Iowa with a Bachelor of Business Administration degree.

10. Is Norm Waitt married?

Yes, Norm Waitt is married. He has three children.