Judy Faulkner is the 82-year-old CEO and 43% owner of Epic Systems, a health software firm generating about $5.7 billion in annual revenue and a paper valuation of $7.8 billion. Faulkner has never cashed shares for personal gain and regularly sells non-voting stock back to Epic, directing proceeds into Roots & Wings, a family foundation she launched with her husband. Faulkner signed the Giving Pledge in 2015, committing to give away 99% of her wealth. Roots & Wings granted $15 million to 115 organizations in 2020 and estimated $67 million to 305 organizations last year. Faulkner also holds monthly "work church" meetings and employs unconventional leadership practices.
The 82-year-old CEO of Epic Systems, Judy Faulkner, boasts a $7.8 billion fortune from owning 43% of the tech company-yet says she's "never cashed a single share" for herself. The silent generation leader, who has signed Bill Gates' The Giving Pledge, instead pours the profits from selling her non-voting shares into charity. Her unconventionality bleeds into her leadership too, as Faulkner holds monthly "work church" meetings, complete with grammar lessons inside her themed office buildings.
On paper, Faulkner is worth $7.8 billion, thanks to her 43% stake in Epic. The health software firm is one of the largest private tech players in the U.S., pulling in $5.7 billion in annual revenue. But the CEO, who was born in the silent generation, isn't looking to grow her nest egg—in fact, she's trying to get rid of it.
In 2015, Faulkner signed The Giving Pledge (a philanthropic organization helmed by Bill Gates and Melinda French Gates) and dedicated to give away 99% of her wealth to charitable causes. The Epic leader told CNBC she is pouring the profits from her stock sales to Roots & Wings, a family foundation she launched with her husband that provides grants to non-profits that support low-income children and families.
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