David L. Sokol Net Worth

What is David Sokol’s Net Worth?

David Sokol, an American businessman, has a net worth of $200 million according to public sources. He is widely recognized for his association with Berkshire Hathaway Inc., where he held various prominent positions, including Chairman, President, and CEO at NetJets, and Chairman at MidAmerican Energy Holdings Company. Sokol’s net worth fluctuated over time due to his career achievements and setbacks.

Highlights

– David Sokol’s net worth is estimated at $200 million.
– He served as Chairman, President, and CEO at NetJets and Chairman at MidAmerican Energy Holdings Company.
– Sokol earned recognition for turning around Johns Manville and conducting due diligence for Berkshire Hathaway on BYD.
– He resigned from Berkshire Hathaway in 2011 following accusations of breaching insider-trading rules.
– Sokol is currently the chairman of Seaspan.

Early Life

David L. Sokol was born in 1956 in Omaha, Nebraska. During his early years, he demonstrated a strong ambition to exceed expectations, aiming to earn a salary higher than his age after graduating in 1978. Initially, he started his career as a structural engineer at HDR, Inc.

Career

In the early 1990s, Sokol joined Warren Buffet’s Berkshire Hathaway Inc., where he made significant contributions to various Berkshire Hathaway units. Notably, he played a crucial role in the turnaround of Johns Manville, an insulated sinking company, and conducted due diligence for Berkshire Hathaway’s investment in BYD, a Chinese battery company.

His most prominent roles were as Chairman, President, and CEO at NetJets and Chairman at MidAmerican Energy Holdings Company. Sokol’s exceptional work at these companies led him to receive $1 million annually from MidAmerican Energy Holdings Company as retirement payments.

Unfortunately, his career took a dramatic turn in 2011 when Sokol resigned from Berkshire Hathaway amid allegations of violating insider-trading rules. This was a significant setback in his professional journey, but he later became the chairman of Seaspan.

Personal Life

Details about David Sokol’s personal life, including his height and specific personal interests, are not publicly available.

Net Worth Over Time

David Sokol’s net worth has experienced fluctuations throughout his career. His net worth reached an estimated $200 million prior to his resignation from Berkshire Hathaway in 2011. It is important to note that net worth figures are primarily derived from publicly available data and should be considered as estimates.

Components of Net Worth

While the specifics of David Sokol’s net worth composition are not provided in the given content, it can be assumed that a significant portion of his wealth comes from his successful career in various leadership positions. Sokol’s expertise in steering companies towards success, as demonstrated with NetJets and MidAmerican Energy Holdings Company, likely contributed to his accumulation of substantial net worth. Additionally, the retirement payments of $1 million annually from MidAmerican Energy Holdings Company could have contributed to his overall net worth.

In conclusion, David L. Sokol’s net worth is estimated to be around $200 million. He has made significant contributions during his career, particularly at Berkshire Hathaway’s subsidiaries, and faced challenges due to accusations of insider trading. Despite setbacks, Sokol continues to contribute as the chairman of Seaspan.

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