Marissa Mayer Net Worth 2024

What is Marissa Mayer’s net worth and wage?

Marissa Mayer is an American tech government, entrepreneur, and investor who has a net worth of $600 million. Mayer first grew to become well-known for being Vice President of shopper merchandise at Google. Marissa was the twentieth worker employed by Google. She later had a tumultuous tenure because the President and CEO of Yahoo.

Yahoo Earnings

How a lot cash did Marissa Mayer make whereas working Yahoo? During her 5 years at Yahoo, 2012 to 2017, Marissa’s complete compensation together with wage, inventory and bonuses was $405 million.

Early Life

Marissa Mayer was born in Wausau, Wisconsin May thirtieth, 1975. She went to Stanford University with the intention of changing into a doctor however later switched to a customized psychology, linguistics, and laptop science hybrid main. She remained at Stanford to get her grasp’s in laptop science and graduated in 1999.

Google’s twentieth Employee

Shortly after graduating, Mayer took a job because the 20^th worker of Google. She was instrumental within the growth of the corporate’s early person interface and was a pacesetter of design and programming groups internally. Her private aesthetics influenced Google’s signature easy, daring shade scheme and the homepage structure. She presided over the introduction of profitable Google companies equivalent to Gmail, Google Images, and Google Maps. She had a place of affect in Google’s design and product growth till leaving to turn out to be CEO of Yahoo in 2012.

Yahoo

Marissa Mayer stunned the tech group in 2012 when she introduced her determination to go away Google to turn out to be the CEO of Yahoo. Yahoo’s monetary issues have been well-known, and hopes have been initially excessive for Mayer to assist the struggling firm outline its place in a altering market.

Unfortunately Marissa’s earlier success in designing and increasing companies at Google didn’t translate into success as an government, and lots of the targets she had for upgrading Yahoo as a search engine and leisure platform went unrealized.

Despite the corporate outperforming anticipated earnings in her first couple years, she was criticized for making a lot of ill-conceived acquisitions in addition to implementing ineffective cost-cutting methods and growing frivolous company bills. Even as the corporate was closing workplace and shedding sources of income, she threw lavish theme events and spent excessively on advantages for company workers.

After Yahoo continued to expertise constant declines in earnings, utilization, and inventory value for years, outstanding shareholders known as for her resignation in 2016. Mayer was the general public face of Yahoo’s failures and confronted main scrutiny for her fashion of administration. Under her command, there have been two main information breaches by which thousands and thousands of customers account info was leaked, and whereas they occurred in 2013 and 2014, it solely grew to become recognized to the general public in 2016. A 12 months later, she was requested to testify earlier than Congress relating to her consciousness and dealing with of the cybersecurity breaches, however she repeatedly refused main them to challenge a subpoena compelling her to testify.

She reigned as the very best paid feminine CEO whereas at Yahoo incomes between $36.6 to $42.1 million in annual compensation.

After years of floundering, Yahoo was purchased by Verizon for $4.48 billion in 2017, and Mayer introduced she can be resigning following the sale. She obtained a $23 million severance package deal and owned $238 million value of inventory on the time of her departure.

Personal Life

Mayer is married to hedge fund supervisor and investor Zachary Bogue. They have three youngsters collectively and stay in Palo Alto, California. In 2013, the couple bought an 11,000 sq. foot $35 million mansion.

She is well-known for her intense work ethic in addition to her consideration to element. Her dedication to her profession and meticulous nature have been highlighted by each herself and the media. While heading a shade scheme change as an engineer at Google, she had her workers crowd take a look at twenty shades of blue to see which the buyer most well-liked. She additionally obtained consideration for being six months pregnant when she started her tenure at Yahoo and solely taking a couple of weeks of maternity depart.

Accolades and Controversy

While not free from scrutiny, Mayer’s profession has been marked by various accomplishments for which she has obtained acclaim. Prior to becoming a member of Yahoo, she was extremely widespread among the many Silicon Valley tech crowd and obtained a excessive diploma of optimistic protection. She appeared on Fortune Magazine’s record America’s 50 Most Powerful Women in Business from 2008-2015. Glamour Magazine named her as one in all their Women of the Year in 2009, and in 2013 she grew to become the primary Fortune 500 CEO to get a diffusion in Vogue. From 2012-2014, she was featured on Forbes’ Annual record of the World’s 100 Most Powerful Women.

In 2016, she sought approval from the Palo Alto City Council for a zoning allow to show the mortuary she owned right into a girls’s profession growth and family middle. Although many supported the spirit of the middle, the allow change was denied with residents expressing considerations associated to elevated site visitors congestion. She obtained further scrutiny in 2016 after it got here to gentle that her resume had been created by a Bulgarian startup. Her husband together with quite a few different San Francisco elites have been criticized for donating to help Proposition Q, a decision that will’ve banned tents from sidewalks leaving the homeless current however with out their shelter.

Post Yahoo Career

After leaving Yahoo, Mayer co-founded a tech start-up known as Lumi Labs together with her former Google co-worker Enrique Muñoz Torres. The firm described itself as one which seeks to use synthetic intelligence to mundane human organizational duties. The enterprise modified its title to Sunshine in 2020 and launched an AI-enhanced contact updating and managing app, Sunshine Contacts. The product makes use of AI to handle your contact e-book and replace it with new info from throughout numerous platforms, and the corporate intends on increasing its choices to different shopper companies sooner or later.