| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $600 million at the time of his death in 2018 | Base salary of $11 million | June 17, 1952 | Chieti, Abruzzo, Italy | Male | N/A | Italian Automotive businessman | Italian |
What is Sergio Marchionne’s Net Worth?
Sergio Marchionne had a net worth of $600 million at the time of his death in 2018. He was an Italian Automotive businessman who achieved significant success in the industry.
Highlights
- Sergio Marchionne had a net worth of $600 million at the time of his death.
- He was the CEO of both Fiat and Chrysler.
- Sergio owned around $500 million worth of shares of Fiat Chrysler, Ferrari, and CNH Industrial.
- He was paid a base salary of $11 million, with potential for significant bonuses.
- Marchionne played a key role in the restoration of Fiat-Chrysler’s credibility and profitability.
Early Life
Sergio Marchionne was born on June 17, 1952, in Chieti, Abruzzo, Italy. His family emigrated to Toronto, Canada when he was 13 years old, and he became a dual-citizen. He pursued his education at St. Michael’s College School and went on to study philosophy at the University of Toronto. Marchionne also earned a bachelor’s degree, an MBA from the University of Windsor, and a law degree from Osgoode Hall Law School of York University.
Career
Marchionne began his career in 1983 as a tax specialist at Deloitte & Touche in Canada. He held various executive positions at different companies before taking on leadership roles at Algroup and Lonza Group. In 2002, he became the CEO and Managing Director of SGS S.A. of Geneva.
In May 2003, Marchionne joined the Board of Directors of Fiat S.p.A. and was later appointed as the CEO in 2004. He played a vital role in the merger of Fiat and Chrysler, ultimately becoming the CEO of Fiat Chrysler and overseeing the successful integration of the two companies.
Personal Life
Sergio Marchionne was married to a woman named Orlandina and had two sons with her. After divorcing his first wife, he entered into a relationship with Manuela Battezzato. Marchionne was known for his work “uniform” of black sweaters and jeans, which he adopted to minimize decision-making about his wardrobe. He was also a chain-smoker throughout his life.
Net Worth Over Time
Sergio Marchionne’s net worth increased significantly over the years, primarily due to his successful career in the automotive industry. At the time of his death in 2018, his net worth was estimated at $600 million. Marchionne accumulated substantial wealth through his CEO positions at Fiat and Chrysler, as well as his ownership of shares in Fiat Chrysler, Ferrari, and CNH Industrial.
Components of Net Worth
Sergio Marchionne’s net worth consisted of various components, including:
- Ownership of approximately $500 million worth of shares in Fiat Chrysler, Ferrari, and CNH Industrial.
- Base salary of $11 million, with the potential for bonuses and stock grants.
- Other investments and assets acquired throughout his successful career.
Overall, Sergio Marchionne was a highly successful and influential figure in the automotive industry, and his net worth reflected his achievements and contributions.