Scott Cook Biography & Net Worth

Scott Cook Biography & Net Worth

Easily noted as one of America’s billionaire businessmen, Scott Cook is best known for being the co-founder of Intuit. He has been the company’s director since March 1983, and is also chairman of the executive committee. In addition, Cook is also a director of Procter & Gamble and eBay. Further details about this renowned personality can be found below.

Scott Cook’s Early Life

Scott David Cook was born in the United States in 1952. He attended the University of Southern California where he earned his bachelor’s degree in economics and mathematics. He also attended Harvard Business School and graduated with an MBA.

Scott Cook’s Career

After graduating from the university with well deserved degrees, Scott Cook decided to start his career and make his name known. At first, he joined Procter & Gamble in Cincinnati, Ohio. Here, he learnt about product development, marketing, and market research. He then moved to Bain & Company in Menlo Park, California where he took a job in strategic consulting.

Soon, Cook began to employ the insights he was learning at Bain & Company to look for an initiative for a company of his own. The thought came to him one day while his wife was belligerent about paying the bills. With personal computers just emerging at the time, Scott assumed there may be a market for basic software which would assist people pay their bills. This led him to launch Intuit in 1983, and today, his company offers software and online products to assist individuals and small businesses manage their finances. He served as the chairman of Intuit from February 1993 to July 1998. From April 1983 to April 1994, he occupied the positions of president and chief executive officer of Intuit.

In the year 2002, he and his wife, Signe Ostby, launched the Center for Brand and Product Management at Madison School of Business at the University of Wisconsin. It is the first university-based center in the United States that focused exclusively on training in brand and product management. Cook and his wife both started their professions in brand management.

Awards & Achievements

Cook has been immensely appreciated to his contributions in relevant fields. While he currently does not have any significant awards nor honors to his name, this man is internationally known and applauded for what he has accomplished with his company, Intuit, which has helped many individuals and businesses in the United States and world over, with useful computer software programs that make their everyday lives better. Mr. Scott was inspired to establish such a company when his wife wouldn’t stop complaining about payments of accumulated bills. Today, what started out as a small firm has grown to a multimillion-dollar organization, and has not only made its founders famous, but also expanded their wealth beyond measures. Intuit was formed in 1983 by Scott Cook and his business partner, American programmer and developer Tom Proulx.

Personal Life & Family

Cook has been married to Signe Ostby for several years. Together, they are the proud parents of three children. Their son Karl is married to American actress Kaley Cuoco, and is also an equestrian.

Scott Cook lives in Woodside California with his wife Signe Ostby, who worked for Clorox and Procter & Gamble before she established Software Publishing Corporation, making softwares for personal computers.

Scott Cook Net Worth

This American entrepreneur has earned his net worth of $4.2 billion through the financial software giant Intuit, a company he co-founded. He formed this company together with programmer Tom Proulx, in 1983. Evolving through the years, their company now offers a wide range of online products and software solutions that help individuals and small businesses manage their finances.

In 2005, Scott Cook was ranked at position 320 on the Forbes 400, with a fortune of $1.1 billion. Since the 1990s, he has worked really hard to continue to maximize his earnings and increase his fortune, and today, he is definitely delighted to be where he is financially.

Cook serves on the dean’s advisory board of Harvard Business School. Starting from the 1990s, he has been a key contributor and has made huge donations to Democrats and Republicans, giving the maximum to mainstream politicians such as Harry Reid and Mitt Romney in 2007.