Net Worth Ranker
What Is Nate Morris’ Net Worth?
Nate Morris is an American entrepreneur with an estimated net worth of $300 million. This fortune primarily stems from his role as the founder of Rubicon Technologies, a Lexington, Kentucky-based software company focused on waste and recycling solutions.
Details of Nate Morris’ Wealth and Career
Nate Morris’s entrepreneurial journey began in October 1980 in Lexington, Kentucky. He is a ninth-generation Kentuckian. He was raised by a single mother and attended public schools. Morris’s early life experiences shaped his ambition and drive. He graduated from George Washington University as a Scottish Rite Scholar and attended Princeton University’s School of Public and International Affairs. Morris is a member of Phi Beta Kappa and was named a Fulbright Specialist Scholar.
In 2008, Nate Morris, along with a high school friend Marc Spiegel co-founded Rubicon Technologies. The company’s initial funding included a $10,000 line of credit and maxed out credit cards. Later funding rounds included $5 million in 2012, $30 million in January 2015, and $57 million several months later from investors such as Goldman Sachs, Leonardo DiCaprio, and Henry Kravis. By early 2017, Rubicon’s valuation had reached over $800 million following another round of fundraising. In 2017, Forbes reported that Rubicon’s valuation was more than $1 billion. The company operates in 22 countries across 5 continents. Rubicon’s clients include Fortune 500 organizations such as Walmart, Apple, Starbucks, Chipotle and FedEx, main street businesses, and municipalities around the world. The company provides a digital platform for smart waste and recycling for governments and businesses throughout the world. Rubicon provides a suite of SaaS products for waste, recycling, and smart city solutions, and collects and analyzes data for businesses and governments worldwide.
Morris also founded Morris Industries, a conglomerate based in Lexington, Kentucky. Morris Industries leverages the power of business to solve some of America’s biggest challenges. Morris also serves as Founder and Chairman of Republic Financial, a leading provider in life and health products to protect America’s hardworking families. He is also the founder of the Morris Foundation, which promotes access to the American Dream for Kentuckians. Morris serves on the Deans Advisory Council and as the Entrepreneur in Residence at the Gatton College of Business and Economics at the University of Kentucky. In 2019, he endowed the Nate Morris Fellowship through the Center for the Study of the Presidency and Congress (CSPC) at the Gatton College.
Rubicon Technologies: Key Milestones
Rubicon Technologies went public through a SPAC merger, a deal that created a publicly traded company valued at about $1.7 billion. Rubicon’s SPAC company name, Founder, includes investments from Palantir Technologies, the New Zealand Super Fund and Rodina Capital. Under Morris’s leadership, Rubicon has become a driver for groundbreaking change across the waste and recycling industry, expanding operations to five continents and 18 countries.
Rubicon was legally formed in 2009 with a $10,000 line of credit. Under his leadership, Morris led a $2-billion-dollar transaction to bring Rubicon public on the New York Stock Exchange (NYSE). Rubicon was named “One of the World’s Most Innovative Companies” by Fast Company, an “Industry Disruptor” by Inc. Magazine, and a Great Place to Work™ 5 consecutive years, providing 100% free healthcare for all employees.
