Mark Hurd Net Worth

Net Worth Information of Mark Hurd

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Mark Hurd’s Net Worth and Highlights

Mark Hurd, a highly influential figure in the technology industry, had a net worth of $150 million at the time of his death in 2019. He was known for his roles as the co-CEO of Oracle Corporation and as the former Chairman, CEO, and president of Hewlett-Packard. Hurd’s leadership and strategic decisions played a major role in the success and growth of these companies.

Early Life of Mark Hurd

Mark Vincent Hurd was born on January 1st, 1957, in Manhattan, New York. He came from an upper-class family, with his mother being a debutante and his father working as a financier. Hurd attended Baylor University in Waco, Texas, on a tennis scholarship and graduated with a Bachelor’s degree in business administration in 1979.

Career of Mark Hurd

Mark Hurd began his career in 1980 at the NCR Corporation, starting as a junior salesman. He worked his way up the corporate ladder over the years, holding various positions in general management, operations, sales, and marketing. Hurd’s time at NCR was particularly notable for his role as head of the company’s Teradata data-warehousing division.

In 2001, Hurd was appointed as the president of NCR and later took on the role of chief operating officer (COO) in 2002. He served as the president and CEO of NCR for two years, during which he successfully improved the company’s operating efficiency and led it to higher revenues and net income.

In 2005, Hurd joined Hewlett-Packard (HP) as its CEO and later became the president and chairman as well. Under his leadership, HP became the world leader in laptop sales and desktop computer sales. Despite the challenges of the 2008 recession, Hurd managed to significantly increase HP’s revenue and stock price. However, his tenure at HP was not without controversy, as he implemented cost-cutting measures such as lay-offs and pay cuts for employees.

In 2010, Hurd resigned from HP following an investigation into potential violations of the company’s sexual harassment policy and submission of inaccurate expense reports. He then joined Oracle Corporation as its CEO. During his time at Oracle, Hurd focused on expanding the company’s salesforce and investing in cloud technology research and development. In 2014, he became the co-CEO of Oracle alongside Safra Catz and played a key role in growing the company’s cloud computing division.

Personal Life of Mark Hurd

Mark Hurd was married twice in his life. His first wife was Elizabeth A. Butler, and they divorced in 1987. He then married Paula Kalupa, and they had two children together. Hurd passed away in 2019 at the age of 62. The cause of his death was reported to be cancer.

Net Worth Over Time

Mark Hurd’s net worth experienced fluctuations throughout his career due to his various positions and compensation packages. At the time of his death in 2019, his net worth was estimated to be $150 million. His base salary at that time was around $2.4 million, and he earned approximately $40 million annually from various sources of compensation.

Components of Net Worth

Mark Hurd’s net worth consisted of several components, including his salaries, bonuses, investments, and any other sources of income. The bulk of his wealth was likely derived from his executive positions at NCR, Hewlett-Packard, and Oracle, where he received substantial compensation. Additionally, his investments and other business ventures may have contributed to his net worth.

In conclusion, Mark Hurd was a highly accomplished businessman with a net worth of $150 million at the time of his death. His career spanned across significant roles in renowned technology companies such as NCR, Hewlett-Packard, and Oracle. Hurd’s leadership, business acumen, and strategic decisions contributed to the growth and success of these companies. Despite the controversies he faced, he left a lasting impact on the technology industry.

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