Todd Pedersen is a renowned entrepreneur and the founder of Vivint, Inc., a leading home automation, security, and energy company. This article will delve into Todd Pedersen Net Worth, salary, and other interesting facts about his life. We will explore his early life, education, career achievements, personal life, and social media presence.
|Full Name||Todd Richard Pedersen|
|Popular Name||Todd Pedersen|
|Birth Date||November 23, 1968|
|Age||54 years old|
|Birth Place||Seattle, Washington|
|Net Worth||$40.12 million (estimated)|
|Source of Wealth||Founder and CEO of Vivint, Inc.|
What is Todd Pedersen’s Net Worth and Salary in 2023?
As of 2023, Todd Pedersen’s estimated net worth is approximately $40.12 million. He has accumulated this wealth through his successful career as the founder and CEO of Vivint, Inc. Todd Pedersen owns about 135,593 units of Vivint Smart Home, Inc common stock.
Over the past three years, he has sold an estimated $197.29 million worth of stock. As Director of Vivint Smart Home, Inc, Todd Pedersen has a total base salary of $655,636. In 2020, his total compensation was valued at about $17,494,625, with the majority coming from a bonus of $1,009,371, stock awards of $15,144,538, and other earnings, plans, or compensations of $528,115.
Why is Todd Pedersen Famous?
Todd Pedersen gained fame as the CEO and founder of Vivint, Inc. He established the company in 1999, initially focusing on selling pest-control services door-to-door. Over time, he recognized the potential in the home automation and security industry and expanded Vivint’s offerings.
Under his leadership, Vivint became a major competitor in the industry, known for its high-quality products and personalized approach to sales. Todd Pedersen’s innovative strategies and dedication to customer service have contributed to the success and recognition of Vivint, Inc.
Todd Pedersen Biography
Todd Richard Pedersen was born on November 23, 1968, in Seattle, Washington. He grew up in Idaho Falls, Idaho, where he attended Idaho Falls High School. Not much information is available about his parents or siblings.
Details about Todd Pedersen’s education are not readily available. However, his entrepreneurial spirit and business acumen are evident in his successful career.
Career and Awards
Pedersen’s career took off in 1992 when he started selling pest-control services door-to-door from a small business based in Arizona. His innovative marketing strategies led him to switch products to burglar alarms, which he sold using the same door-to-door technique. In 1999, he co-founded APX Alarm Security Solutions with his high-school friend Keith Nellesen.
The company was later rebranded as Vivint to emphasize intelligent living through home automation.
In addition to his business ventures, Pedersen has been recognized for his entrepreneurial prowess. He was named Entrepreneur of the Year by Ernst & Young in 2010, the Utah Valley Entrepreneurial Forum in 2012, and MountainWest Capital Network in 2013. His remarkable achievements were further acknowledged in 2015 when he was inducted into the David Eccles School of Business Hall of Fame.
Despite stepping down as Vivint’s CEO in 2021, Pedersen’s legacy in the smart home industry remains influential. His career is a testament to his innovative spirit and dedication to improving home security and automation.
Todd Pedersen is married and has five children. He resides with his wife and family in the Provo, Utah, area. Todd Pedersen is a member of the Church of Jesus Christ of Latter-day Saints and actively participates in philanthropic endeavors.
In 2019, he and his wife were the largest donors to Intermountain Health’s new hospital annex, the Pedersen Tower. In 2022, they donated $35 million to Primary Children’s Hospital to improve healthcare for children.
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Social Media Accounts
Todd Pedersen maintains a low profile on social media platforms. Currently, he does not have public Instagram, Twitter, and YouTube.
FAQs about Todd Pedersen
Who is Todd Pedersen?
Todd Pedersen is an American entrepreneur and the founder of Vivint, Inc., a home automation, security, and energy company.
What is Todd Pedersen’s net worth?
As of August 18, 2023, Todd Pedersen’s estimated net worth is at least 50 million dollars.
What is Todd Pedersen’s role in Vivint Solar Inc?
Todd Pedersen is not directly associated with Vivint Solar Inc. He is the CEO and founder of Vivint Smart Home, the leading provider of smart home services in North America.
How many shares of Vivint Solar Inc does Todd Pedersen own?
Todd Pedersen owns about 1,097,713 shares of Vivint Solar Inc (VSLR) stock worth over $47 million.
What philanthropic activities is Todd Pedersen involved in?
Todd Pedersen is involved in various charitable activities. He has donated to organizations such as Intermountain Health’s new hospital annex and Primary Children’s Hospital to improve healthcare for children.
Todd Pedersen is a successful entrepreneur and the founder of Vivint, Inc. He has built a multi-billion dollar company and has been recognized as Entrepreneur of the Year by multiple entities. Despite his success, he remains grounded and values his relationships with employees and customers. In addition to his business ventures, Todd Pedersen is actively involved in philanthropy and has made significant donations to improve healthcare and support charitable organizations.