Tim Armstrong Net Worth – A Closer Look at the AOL CEO’s Wealth
| Net Worth | $450 million |
|---|---|
| Salary | $6 million (total compensation in 2013) |
| Birthdate | December 1971 |
| Birthplace | United States |
| Gender | Male |
| Height | Not available |
| Profession | Businessman, CEO |
| Nationality | American |
Tim Armstrong, a prominent American businessman, is widely recognized as the former CEO and Chairman of AOL, Inc. With an estimated net worth of $450 million, he has built a highly successful career in the technology and media industry.
Highlights
– Net Worth: Tim Armstrong possesses a net worth of $450 million.
– Salary: In 2013, Armstrong received a salary of $1 million, but his total compensation for the year exceeded $6 million.
– Birthdate: He was born in December 1971.
– Birthplace: Tim Armstrong hails from the United States.
– Gender: He is male.
– Profession: Armstrong is a highly accomplished businessman, primarily known for his role as CEO and Chairman of AOL.
– Nationality: He holds American citizenship.
Early Life
Born in December 1971, Tim Armstrong completed his education at Connecticut College, where he pursued a double major in Sociology and Economics. It was during this time that the foundation of his career began to take shape.
Career
Armstrong’s journey in the business world commenced with the establishment and management of a newspaper in Boston. This experience laid the groundwork for his future accomplishments, setting him on a path to remarkable success.
A pivotal moment arrived when Tim Armstrong joined Google as the President of its Americas operation. This role proved to be highly significant, allowing him to showcase his leadership skills and make a lasting impact on the company’s growth.
In 2009, Armstrong transitioned to the role of CEO and Chairman of AOL, Inc. Under his guidance, the company witnessed substantial transformation and progress. He steered AOL towards becoming a prominent player in the media and technology industry, highlighting his vision and strategic acumen.
Additionally, Armstrong played a pivotal role in the formation of the United Football League and notably owns the Boston Blazers of the National Lacrosse League. His passion for sports has added another dimension to his diverse portfolio of achievements.
Furthermore, his involvement in launching Patch Media, a pioneering news website, showcased his inclination towards innovation and digital media ventures.
Personal Life
Beyond his professional success, Tim Armstrong maintains an active role in several organizations, serving as a board member for the Interactive Advertising Bureau, the Advertising Research Foundation, and the Advertising Council. He also serves as a trustee at Lawrence Academy and Connecticut College.
Net Worth Over Time
Throughout his career, Tim Armstrong has made significant strides in growing his net worth. With an initial net worth of $450 million, he has established himself as one of the most affluent figures in the business world.
Components of Net Worth
Armstrong’s net worth can be attributed to various sources, including his successful tenure as the CEO and Chairman of AOL, which significantly contributed to his wealth. His involvement in launching Patch Media and his ownership of the Boston Blazers of the National Lacrosse League have also played a role in enhancing his net worth.
Overall, Tim Armstrong’s business acumen, leadership skills, and strategic decision-making have propelled him to great heights of financial success. With an impressive net worth of $450 million, he remains an iconic figure in the technology and media industry.