Forbes put Matthew Prince's net worth at $4.2 billion on its 2025 billionaires list, reported in April 2025. That was up from $3.4 billion the year before and made him the second-richest person in Utah, behind Gail Miller. Other trackers show higher figures, so treat any single number as a snapshot. It was reported that he owned about 8 percent of Cloudflare at the time.
Almost all of the wealth is Cloudflare stock. Prince, Michelle Zatlyn and Lee Holloway founded the company on 26 July 2009, building on Prince's earlier work on Project Honey Pot, which tracked the addresses behind email spam. Cloudflare sat in front of websites, filtering attacks and speeding up delivery.
The company listed on the NYSE on 13 September 2019 at $15 a share. It reported revenue of $2.168 billion in fiscal 2025, with a net loss of $102 million. Its market value was about $87 billion in November 2026, according to companiesmarketcap.com.
Prince also owns the Park Record, the newspaper in Park City, Utah, where he grew up. Forbes counts his Cloudflare holding as the core of his fortune.