Carly Fiorina Net Worth 2024

What is Carly Fiorina’s Net Worth and Salary?

Carly Fiorina is an American businesswoman and politician who has a net worth of $70 million. Carly Fiorina might be most well-known for being the previous CEO and chairman of the board of Hewitt-Packard. She served as CEO from 1999 to 2005. Following this, she served on the boards of assorted firms, and labored with quite a few nonprofits. In 2010, Fiorina launched an unsuccessful problem in opposition to Democrat Barbara Boxer of California within the 2010 Senate election. Fiorina gained extra widespread recognition in 2016 when she ran an unsuccessful marketing campaign for the Republican presidential nomination.

During her time at HP, the multinational data know-how company overcame the collapse of the dot-com bubble after which accomplished a merger with rival laptop firm Compaq which resulted on the earth’s largest private laptop producer on the time. Carly’s time at HP was considerably controversial. After her pressured resignation in 2005 she was voted as one of many worst American CEOs of all time. During her time at HP she questionably spent company cash buying FIVE personal jets, together with TWO Gulfstream IVs, each of which value round $30 million.

Finances and Salaries

According to the monetary disclosures she submitted as a part of her 2015 marketing campaign for the Republican presidential nomination, Carly disclosed that she and her husband had a mixed net worth of $59 million at the moment. The identical report confirmed she had earnings of $13 million in 2013. Other disclosures listed a wider vary of their mixed net worth, starting from as little as $30 million to as a lot as $120 million. She spent a reported $6.5 million on her personal marketing campaign.

During her six years at HP, Carly earned $100 million in whole compensation, together with a $21 million severance package deal when she left the corporate. Upon becoming a member of the corporate she negotiated a $65 million pay package deal that got here with a $3 million signing bonus and a $1 million annual base wage that might rise to as a lot as $5 million with bonuses and tens of thousands and thousands extra in inventory grants.

Early Life and Education

Carly Fiorina was born as Cara Sneed on September 6, 1954 in Austin, Texas to Joseph, a professor on the University of Texas School of Law, and Madelon, an summary painter. She is primarily of German and English ancestry, and was introduced up within the Episcopalian religion. Moving ceaselessly together with her family, Fiorina went to Channing School in London, England. She went on to attend 5 completely different excessive faculties, lastly graduating from Charles E. Jordan High School in Durham, North Carolina. For her increased schooling, Fiorina went to Stanford University, incomes her BA diploma in 1976. She subsequently enrolled on the UCLA School of Law, however dropped out. Fiorina ended up acquiring her MBA from the Robert H. Smith School of Business on the University of Maryland in 1980. Nine years later, she acquired an MS diploma from the MIT Sloan School of Management.

Career Beginnings

In the 70s, Fiorina labored for six months as a receptionist at the actual property agency Marcus & Millichap; she finally was promoted to a dealer place. Later, in 1980, she joined AT&T as a administration trainee, and offered phone providers to main federal businesses. Fiorina went on to supervise the corporate’s {hardware} and techniques division and to go its North American operations. In 1995, she led company operations for the AT&T spinoff Lucent Technologies. The subsequent 12 months, she grew to become the president of its shopper merchandise department, and the 12 months after that, was named group president of Lucent’s international service-provider enterprise, estimated at $19 billion. In her position, Fiorina chaired an enormous three way partnership between Lucent’s shopper communications and Royal Philips Electronics.

Hewlett-Packard

Due to her unbelievable success at Lucent, Fiorina was named the CEO of Hewlett-Packard Company in 1999; within the course of, she grew to become that firm’s first-ever feminine CEO. During her tenure, Fiorina oversaw what was on the time the most important know-how sector merger in historical past, with HP buying rival PC producer Compaq. However, the merger was met with near-universal skepticism, together with from HP’s board of administrators and Walter Hewlett, the son of the corporate’s co-founder. Additionally, Fiorina was met with extreme backlash by HP staff and the tech neighborhood at massive for considerably altering the corporate tradition, and for overseeing hundreds of layoffs.

During Fiorina’s tenure as CEO, the income of HP doubled, and its money circulation elevated by 40%. However, it additionally did not make positive factors in web earnings; its debt rose considerably; and its inventory worth fell by 50%. In 2005, HP’s board of administrators proposed a plan to shift Fiorina’s authority to different division heads, which she vehemently opposed. Shortly after this, the board introduced again former worker Tom Perkins and compelled Fiorina to resign as CEO and chair of the corporate. Upon the information of her departure, HP’s inventory jumped practically 7%, including near $3 billion to its worth.

Post-HP Business Career

Following her resignation from HP, Fiorina served on the boards of Revolution Health Group and Cybertrust. In 2006, she grew to become a member of the board of administrators of Taiwan Semiconductor Manufacturing Company, a job she held for 3 years. Fiorina additionally grew to become a member of the MIT Corporation and the Foundation Board of the World Economic Forum. In 2007, she joined Fox Business Network as a commentator.

On the non-profit aspect of issues, Fiorina serves because the CEO and chair of her personal charitable basis, Carly Fiorina Enterprises. From 2012 to 2015, she chaired Good360, which assists firms in donating surplus merchandise to charities. Among her different appointments at nonprofits, Fiorina was fund chair of One Woman Initiative, a partnership between authorities businesses and the personal sector to empower girls in majority-Muslim nations.

Political Career

Fiorina first bought into politics in 2006, when she labored as an advisor on Republican Senator John McCain’s upcoming presidential marketing campaign. Four years later, she ran for workplace for the primary time within the 2010 Senate election, and received the Republican main. However, Fiorina’s marketing campaign was beset with unfavourable publicity, in addition to horrible coverage positions, akin to her opposition of abortion and same-sex marriage. She went on to lose the overall election to incumbent Democrat Barbara Boxer.

In May of 2015, Fiorina introduced her candidacy for the Republican presidential nomination. Her performances within the early televised debates went over pretty effectively with audiences, resulting in a considerable improve in her ballot numbers. However, the numbers went on to steadily drop, leading to Fiorina’s exit from the race in February of 2016. Following this, she endorsed Ted Cruz, who subsequently introduced that he would select Fiorina as his vice-presidential operating mate if he have been to win the nomination. Cruz terminated his marketing campaign six days later.

Personal Life

In 1977, Fiorina wed her first husband, Todd Bartlem, who had been her classmate at Stanford. While nonetheless married, she started an affair with AT&T government Frank; they ended up marrying in 1985 after Fiorina divorced Bartlem. Through her husband, Fiorina has a stepdaughter named Traci, and had one other stepdaughter named Lori Ann who handed away in 2009. The Fiorinas reside within the Washington, DC suburb of Mason Neck, Virginia; they beforehand lived within the San Francisco Bay Area.

Fiorina is a breast most cancers survivor, having beat the illness following a double mastectomy, chemotherapy, and radiation remedy in 2009.