Read the complete write-up of Rod Drury net worth, age, height, house, family, wife, children as well as other information you need to know.
Rod Drury is a New Zealand technology entrepreneur. He is best known for his association with the accounting software company, Xero. Drury was CEO of Xero until 2018, after founding the company in 2006.
Drury made his initial fortune through Glazier Systems, a New Zealand software development and consulting company, which was sold in 1999. He subsequently established Context Connect and an email technology company called Aftermail. He is a former director of Trade Me and was involved in the now-defunct Pacific Fibre project.
|Net Worth||$200 million|
Rodney Kenneth Drury was born on June 20, 1966(age 55 years) in Wellington, New Zealand. He is the son of a tradesman and an executive assistant and grew up in Hawke’s Bay. He is reported to have Maori heritage, with his father tracing a lineage to Ngai Tahu.
Drury attended Napier Boys’ High School, which is where he says he developed an interest in computer programming before going on to study commerce and administration at Victoria University of Wellington. After university, he worked at the accounting firm Arthur Young, which became Ernst & Young in 1989.
Rod Drury established Glazier Systems, a New Zealand software development and consulting company in 1995. Glazier Systems was acquired by Advantage Group in 1999 for approximately $7.5 million, which later became Intergen. Drury subsequently co-founded Context Connect and then founded and served as CEO of AfterMail which was acquired by Quest Software (subsequently acquired by Francisco Partners and Elliott Management Corporation).
In July 2006 Drury founded Xero, a publicly listed software as a service accounting software company, and served as its CEO. In October 2007, Drury was a judge for the New Zealand Open Source Awards.
Drury co-founded Pacific Fibre, a company that attempted to build an internet cable between Australia, New Zealand, and the United States. The cable would have cost around $400 million but the venture was ultimately unsuccessful.
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In November 2017, he sold $95 million worth of shares in Xero, leaving him with a 13 percent holding in the company. He stated the sale would support his “future plans to pursue a range of philanthropic and social endeavors.” He stepped down as CEO of Xero in March 2018, continuing on with the company as a non-executive director.
Rod Drury was awarded the Hi-Tech New Zealand “Entrepreneur of the Year” award in 2006 and 2007.
In August 2008 Drury has conferred the title of Honorary Fellow of the New Zealand Computer Society (HFNZCS) during the 2008 NZ Computerworld Excellence Awards. He is only the 21st person to be awarded the title in the Society’s 48-year history.
In 2012, Drury was awarded NZ Herald Business Leader of the Year.
In 2013, Drury was named Ernst and Young Entrepreneur of the Year.
Rodanna Ventures Trust
In 2021, the Xero co-founder Rod Drury’s family trust sold A$300 million (NZ$307m) of shares in the accounting software firm.
The Rodanna Ventures Trust, whose beneficiaries include Rod Drury, his former partner Anna Stuck and immediate family, sold 2 million shares in the company at A$150 each in an off-market trade on August 24, 2021, for a total of A$300 million, according to a regulatory filing to the ASX where Xero has been listed since November 2012.
The tech entrepreneur co-founded Xero in 2006 and was chief executive until 2018. He remains a director of the company and is now based in Queenstown.
Rod Drury is was married to Anna Margaret Clare. Drury has two children from his first marriage. He lives in a private house in Havelock North, Hawke’s Bay region. Drury has also said that he enjoys surfing, skateboarding, and mountain biking in his free time.
Rod Drury net worth
How much is Rod Drury worth? Rod Drury net worth is estimated at around $200 million as of 2021. His main source of income is from his private businesses. Drury’s successful career has earned him some of the luxurious lifestyle and some of the fancy cars and a private jet.