Mary Barra Net Worth: A Trailblazing Businesswoman in the Automotive Industry
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $90 million | $2 million (base salary) | December 24, 1961 | Royal Oak, Michigan | Female | N/A | Chair and CEO of General Motors | American |
Highlights
Mary Barra is an American businesswoman known for her groundbreaking achievements in the automotive industry. As the Chair and CEO of General Motors (GM), Barra made history by becoming the first female CEO of a “Big Three” automaker. With a net worth of $90 million, Barra’s journey to success serves as an inspiration for aspiring female leaders in the business world. Let’s delve into her extraordinary life and career.
Early Life
Mary Barra was born Mary Makela on December 24, 1961, in Royal Oak, Michigan. She comes from a Finnish descent and grew up in a supportive family environment. Barra’s parents, Eva and Ray, instilled in her the values of hard work and determination, which would later propel her to great heights.
Career
Barra’s journey in the automotive industry began in 1980 when she joined General Motors as a co-op student. Starting from humble beginnings, she gradually climbed the corporate ladder, assuming various engineering and administrative positions over the years. Barra’s exceptional leadership skills caught the attention of GM’s higher management, leading to her appointment as the CEO in early 2014.
During her tenure, Barra faced significant challenges, including numerous safety recalls and deaths resulting from faulty ignition switches. However, she spearheaded efforts to rectify the issues, implement new policies, and enhance GM’s safety standards. Barra’s commitment to innovation and sustainable mobility also led to the company’s focus on driverless and electric-powered vehicles, with notable acquisitions like Strobe, a driverless technology startup.
Personal Life
Mary Barra is happily married to consultant Tony, whom she first met during their time as students at the General Motors Institute. The couple has two children and resides in Northville Township, a suburb of Detroit, Michigan. Additionally, Barra owns an apartment in downtown Detroit.
Net Worth Over Time
As of now, Mary Barra’s net worth is estimated to be $90 million. However, it’s essential to recognize her remarkable journey to this financial milestone.
Components of Net Worth
Barra’s net worth primarily comprises her significant compensation and stock holdings at General Motors. In her first decade as CEO, she earned around $200 million in total compensation, which includes salary, bonuses, benefits, and equity grants. While her base salary stands at $2 million, Barra typically earns between $20-30 million per year.
In terms of stock holdings, Barra owns at least 1,127,563 units of GM stock. This represents approximately 0.082% of the total outstanding shares. Her extensive stock ownership aligns her interests with the company’s performance and underscores her commitment to driving GM’s success.
In Conclusion
Mary Barra’s net worth of $90 million reflects her remarkable achievements and contributions in the automotive industry. As the first female CEO of a “Big Three” automaker, Barra has shattered glass ceilings and paved the way for future generations of women to excel in leadership roles. Through her dedication, innovative mindset, and commitment to safety, Barra has elevated General Motors to new heights while leaving an indelible mark on the industry. Her journey serves as an inspiration and testament to the power of determination and perseverance in achieving success.