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What is Safra Catz’s Net Worth and Salary?
Safra Catz is an Israeli-American billionaire banker and expertise govt who has a net worth of $2 billion. Safra Catz serves because the CEO of the multinational software program firm Oracle Corporation. She joined the corporate in 1999, and have become co-president in 2004. When firm founder Larry Ellison introduced he was stepping down as CEO in 2014, Catz and Mark Hurd grew to become the brand new co-CEOs of Oracle. Hurd stepped down in 2019, and Catz grew to become the solo CEO. Catz has additionally been politically lively, having donated to the presidential campaigns of Marco Rubio and Donald Trump, amongst others.
According to the corporate’s newest SEC filings, Safra instantly owns just a little beneath 9 million shares of Oracle. She additionally owns hundreds of thousands of choices which are earned by way of a mixture of efficiency milestones. The mixture of her instantly owned shares and choices first pushed her net worth into the billionaire vary in 2015.
Safra’s annual base wage for serving as CEO is $950,000. She earns considerably extra yearly from bonuses and share grants. For instance, in 2021 her complete compensation got here to $10 million. In 2022 she earned $138 million, thanks largely to a one-time $130 million choice grant. And in 2023 she earned a bit over $5 million.
Early Life and Education
Safra Catz was born on December 1, 1961 in Holon, Israel to Jewish dad and mom. She is of Romanian descent on her father’s facet. When she was six, Catz moved together with her dad and mom to Brookline, Massachusetts. There, she graduated from Brookline High School. Catz went on to attend the Wharton School of the University of Pennsylvania, incomes her bachelor’s diploma in 1983. She subsequently attended the University of Pennsylvania Law School, from which she earned her JD in 1986.
Donaldson, Lufkin & Jenrette
Catz started her profession as an funding banker at Donaldson, Lufkin & Jenrette within the Nineteen Eighties. After holding numerous positions there, she grew to become a senior vice chairman in early 1994. In 1997, Catz was promoted to managing director, a place she held till 1999.
(Photo by Justin Sullivan/Getty Images)
Oracle Corporation
In 1999, Catz joined the pc expertise firm Oracle Corporation as its senior vice chairman. She grew to become a member of the corporate’s board of administrators in 2001, and have become co-president in 2004. In 2005, Catz was integral in Oracle’s profitable efforts to accumulate rival software program firm PeopleSoft in a $10.3 billion takeover. That yr, she started serving as Oracle’s non permanent CFO. By the tip of the last decade, Catz was ranked among the many strongest ladies in enterprise by Forbes and Fortune magazines. In 2010, she was joined as co-president by Mark Hurd. The following yr, Catz was reportedly the highest-paid lady throughout all Fortune 1000 firms, receiving an estimated $51.6 million in complete remuneration. She finally grew to become the highest-paid feminine CEO of any US firm in 2017, regardless of a drop in her complete compensation.
In 2019, with the resignation of co-president Mark Hurd as a result of well being points, Catz grew to become the only real CEO of Oracle. The following yr, the corporate introduced it was transferring its international headquarters from Redwood City, California to Austin, Texas. In late 2021, Oracle introduced the acquisition of the well being data expertise firm Cerner. It subsequently bought the AI and automation instruments firm Federos. In the summer season of 2022, Oracle was smacked with a class-action lawsuit alleging that it had been working a surveillance equipment monitoring and recording the non-public data of tons of of hundreds of thousands of people. Early the following yr, the corporate introduced its funding of $1.5 billion in Saudi Arabia to develop the expertise sector within the nation. Part of its funding contains the opening of an information heart within the capital of Riyadh.
Other Business Activities
Among her enterprise actions past Oracle, Catz serves as a member of the manager council of TechNet. From 2008 to 2015, she was a director of the monetary companies group HSBC. In late 2017, Catz was elected to the board of administrators of the Walt Disney Company. Elsewhere, she serves as a lecturer in accounting on the Stanford Graduate School of Business. In 2021, Catz obtained consideration for her inventory buying and selling, notably her acquisition of two.25 million shares by way of the conversion of derivatives. She went on to promote the shares on the open market at round double the value.
Political Involvement
A Republican, Catz has donated to the presidential campaigns of Marco Rubio and Donald Trump. In 2016, she was one among a number of main American CEOs to be invited to speak with Trump about taking on a place in his administration. A pair years after that, Catz was reportedly on the shortlist to switch H. R. McMaster as National Security Advisor. She additionally donated over $150,000 to Republican teams and people in the course of the 2018 election cycle. Later, in 2020, Catz donated $125,000 to Trump’s finally failed reelection marketing campaign. With Joe Biden in workplace, Catz was appointed to the Homeland Security Advisory Council in 2022.
Personal Life
Catz is married to author and stay-at-home dad Gal Tirosh, a fellow Israeli-American. Together, they’ve two sons named Gary and Scott.
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