Steve Baxter is a popular Australian investor and entrepreneur. He is best known for his role as one of the sharks in the Australian television series The Shark Tank. As of 2021, Steve Baxter net worth is estimated to be more than $100 million.
Steve Baxter Personal Life
Steve was born in 1971 in Cloncurry in Queensland and his family later moved to Rockhampton where he spent most of his early years. He always aspired to be a soldier as a young boy. He desired a place that would enable him to serve his home country.
Baxter left school in year 11 at the age of 15 and joined the Australian Defense Forces. He was mainly involved with technical work in the army. He was responsible for repairing electronic equipment, binoculars, and compasses. Baxter later enrolled for a part-time university course where he sharpened his technical tools.
Regarding his relationship status, he is married to Emily Baxter and they have three daughters together.
Steve Baxter Net Worth & Career
With limited knowledge of the internet business, Steve with the support of his wife Emily started his software company SE Net which is named after the couple. He installed 6 phone lines in the house they live in at the army quarters. He taught himself how to build software. The company started to grow steadily as their customer base kept increasing. They sold the company in 1999.
After selling his company Steve co-founded another company named PIPE Networks with his friend and school mate Bevan Slattery in 2008.
In 2006, he was named Ernst & Young Northern Region Entrepreneur of the Year.
PIPE Networks announced in early 2008 that it would build a $200 million international link from Sydney to Guam.
On June 30, 2008, Steve resigned as PIPE Networks’ Chief Technology Officer. He eventually relocated to California to work as a Technical Program Manager at Google.a
TPG purchased PIPE Networks in April 2010 for $373 million. TPG’s stock rose 11% when the news was announced.
He relocated to the California-United States to work for Google. He, however, went back to Australia after a short while to sell his company.
However, many know him as one of the Judges on Shark Tank. Steve has helped launch several start-up companies. He has also co-founded a co-working space and networking platform named River City Labs for small and start-up companies in Brisbane.
Steve Baxter Net Worth
As of 2021, Steve Baxter’s net worth is estimated to be more than $100million. He started doing business early in his life. Steve makes his money mainly from his businesses. He earns an estimated salary of $200,000 per year. He also made a good amount of money when he sold one of his start-up software companies –PIPE Networks for $373 million in 2011. This increased his net worth with a very huge margin.