In 1993, Shwed founded
Check Point with
Shlomo Kramer, Shwed's friend from the military unit, and Marius Nacht with whom he worked at Optrotech. which was the basis for the first version of the company's renowned
FireWall-1, released in 1994. Stateful Inspection is still widely used in network
firewalls today. 1994 Shwed became the chief executive officer and director of Check Point. He previously was president of Check Point and chairman of the board. As of 2018, Shwed is the leading shareholder in Checkpoint, owning 19.1% of the company, with an estimated worth of US$3.4 billion. The second largest shareholder in Check Point is US investment company
Massachusetts Financial Services with a 7.7% stake worth $1.3 billion at present. Shwed and Check Point emphasize the "fifth generation" of cybersecurity, addressing the underlying issues behind such vulnerabilities as the
WannaCry and
NotPetya security breaches in 2017. He has stated that enterprise businesses are "two generations behind" in their security thinking, and describes the industry as being at an "inflection point." As of January 27, 2024, Forbes listed Gil Shwed net worth at US$4.38 billion, ranking him 682 on the Billionaires list. In 2024, Shwed stepped down as CEO and became Executive Chairman of the Board. == Boards ==