| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $150 million | $22 million per year | February 19, 1956 | Cincinnati, Ohio | Male | N/A | Business executive | American |
What is Jeffrey Immelt’s Net Worth?
Jeffrey Immelt, an American business executive, has a net worth of $150 million.
Highlights
– Jeffrey Immelt’s net worth is estimated to be $150 million.
– He served as the CEO of General Electric (GE) from 2001 to 2017.
– Immelt earned an annual salary of $22 million during his time at GE.
– He faced controversies regarding the shedding of value by GE and his use of private jets.
Early Life
Jeffrey Robert Immelt was born on February 19, 1956, in Cincinnati, Ohio. His father worked in General Electric’s Aircraft Engines Division. Immelt graduated from Dartmouth College with an A.B. in Applied Mathematics and later pursued his education at Harvard University Business School. While on summer breaks, he worked at a Ford plant in Cincinnati and also briefly worked for Procter and Gamble.
Career
Immelt joined General Electric in 1982, starting in the plastics/appliances and healthcare division. He became a GE officer in 1989 and joined GE’s Capital board in 1997. He led GE’s Healthcare division from 1997 until his promotion as CEO in 2001, succeeding Jack Welch. Immelt’s tenure as CEO coincided with the September 11th attacks, which had a financial impact on GE. He pursued acquisitions heavily and sold some profitable divisions, leading to criticism and a decline in GE’s stock price.
Personal Life
Outside of GE, Immelt is involved with the non-profit organization Robin Hood Foundation, which focuses on addressing poverty in New York City. He was included in Time Magazine’s list of the Most Influential People in the World in 2008. Immelt also served on economic advisory boards and panels in the United States.
Net Worth Over Time
Jeffrey Immelt’s net worth has seen fluctuations throughout his career. As of now, his net worth is estimated to be $150 million.
Components of Net Worth
His net worth primarily consists of his earnings as the CEO of General Electric, with an annual salary of $22 million. He also accumulated additional compensation and pension benefits during his time at GE. However, it’s important to note that these figures are approximate.
Disclaimer: All net worths mentioned in this article are based on publicly available information and estimates. The accuracy of these estimates may vary.