Qualtrics was acquired by SAP in 2018 for $8 billion. Smith stayed on as the CEO of the company. In 2020 Ryan purchased a majority stake of the Utah Jazz for $1.66 billion. He purchased the team from Gail Miller and her family while they maintained a minority interest. The Miller family had owned the Jazz since 1985 and built a loyal local fan base. Ryan Smith was named as part of Fortune’s 40 Under 40 list in 2016. He is a lifetime Utah Jazz fan. Ryan installed a basketball court in his basement and a half-court floor at the Qualtrics headquarters building in Provo, Utah. He reportedly plays basketball for an hour every morning. He previously partnered with the Jazz to raise $25 million for cancer research.