Ryan Smith is a name that resonates in both the tech and sports worlds, captivating audiences with his remarkable journey from entrepreneur to NBA team owner.
As the co-founder of Qualtrics, a leading experience management software company, he has made significant contributions to the field of data analytics and customer experience.
Smith’s recent acquisition of the Utah Jazz not only highlights his passion for basketball but also his commitment to community engagement and philanthropy.
In this article, we’ll explore some fascinating facts about Smith—his early life, entrepreneurial spirit, philanthropic efforts, and the unique blend of technology and sports that defines his career.
Utah Jazz ownership
Smith became the owner of the Utah Jazz on October 28, 2020, purchasing a majority stake from Gail Miller for approximately $1.66 billion.
The sale was unanimously approved by the NBA on December 18, 2020.
Smith’s ownership marks a significant chapter in the franchise’s history, as he aims to enhance its community engagement and overall performance.
He also co-owns Real Salt Lake and revived the Utah Royals, showcasing his commitment to sports in Utah.
His ventures reflect a rapid ascent in sports ownership, with plans for further expansion in the NHL and other leagues.
With that said let’s have a look at some intriguing facts about Ryan Smith;
1. Smith was born on June 28, 1978, in Eugene, Oregon.
2. He co-founded Qualtrics in 2002 while attending Brigham Young University.
3. Smith dropped out of college to focus on Qualtrics but returned to complete his degree in 2016.
4. He purchased the Utah Jazz for $1.66 billion in October 2020.
5. Smith is one of the youngest NBA owners at age 45.
6. He also co-owns Real Salt Lake, acquired in January 2022 for approximately $400 million.
7. In 2023, he revived the Utah Royals NWSL team for $2 million.
8. Smith’s sports ownership portfolio includes four teams in five years.
9. He has a basketball court in his home and at Qualtrics headquarters.
10. Smith started the “5 for the Fight” charity, raising over $27 million for cancer research.
11. He is a member of The Church of Jesus Christ of Latter-day Saints and served as a missionary in Mexico.
12. Smith was initially interested in purchasing the Minnesota Timberwolves but opted for the Jazz instead.
13. His company, Qualtrics, focuses on online customer-survey software used by many major corporations.
14. Smith’s net worth is estimated at $2.22 billion as of 2024.
15. He has been included in Fortune’s “40 Under 40” list.
16. Smith is known for his philanthropic efforts and community involvement in Utah.
17. He has expressed interest in MLB expansion in Salt Lake City.
18. Smith has a strong passion for basketball and regularly attends games.
19. His acquisition of the Jazz was unanimously approved by the NBA Board of Governors.
20. He is one of eight NBA owners with a tech background.
21. Smith’s family includes his wife, Ashley, and five children.
22. The Jazz are considered a small-market team but have a dedicated fanbase.
23. He aims to enhance community engagement through his ownership of the Jazz.
24. Smith’s leadership has been credited with revitalizing the Jazz organization.
25. His company sold for $8 billion in 2019, marking a significant financial milestone.
26. Smith has collaborated with David Blitzer on multiple sports ventures.
27. He is actively involved in promoting professional sports within Utah.
28. Smith’s business acumen has made him a notable figure in sports ownership circles.
29. He is known for leveraging partnerships with wealthy investors to support team finances.
30. The Utah Jazz hosted the NBA All-Star Game during his ownership tenure, showcasing Utah’s basketball culture.
31. His leadership style emphasizes innovation and community connection within sports teams.
32. Smith often uses social media to share insights and updates about his teams and initiatives.
33. He is focused on creating a sustainable model for his sports franchises’ success.
34. Smith’s rapid rise in sports ownership has drawn attention from industry analysts and fans alike.
35. He believes strongly in the potential of Utah as an economic powerhouse for sports and entertainment.
36. His investments reflect a broader trend of tech entrepreneurs entering sports ownership roles.
37. Ryan Smith continues to explore opportunities to expand his influence within the sports industry further.
Conclusion
Smith’s journey from a college dropout to a billionaire sports owner is a testament to his entrepreneurial spirit, innovative mindset, and commitment to community engagement.
His leadership of the Utah Jazz and other sports franchises highlights his dedication to elevating the sports experience in Utah while fostering a culture of philanthropy and collaboration.
As he continues to navigate the worlds of technology and sports, Smith’s influence is likely to grow, inspiring future generations of entrepreneurs and sports enthusiasts alike.
