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What is Meg Whitman’s Net Worth?
Meg Whitman is an American enterprise government who has a net worth of $3.5 billion. Meg Whitman has served in senior positions at quite a lot of main corporations. She was the president and CEO of eBay and the Hewlett-Packard Company; the CEO of Quibi; and an government on the Walt Disney Company, DreamWorks, Hasbro, and Procter & Gamble. Beyond her enterprise endeavors, Whitman ran for governor of California in 2010.
Early Life and Education
Meg Whitman was born as Margaret Whitman on August 4, 1956 in Huntington, New York to Hendricks Jr. and Margaret. As a teen, she went to Cold Spring Harbor High School, from which she graduated in 1974. Whitman subsequently attended Princeton University to review to develop into a physician; nevertheless, she modified to economics after she spent a summer time promoting adverts for Business Today journal. After acquiring her AB from Princeton in 1977, Whitman went to Harvard Business School to earn her MBA.
Career Beginnings
After graduating from Harvard in 1979, Whitman began her profession as a model supervisor at Procter & Gamble. Following this, she grew to become a advisor at Bain & Company, and was ultimately promoted to senior vice chairman. In 1989, Whitman started serving as vice chairman of strategic planning on the Walt Disney Company. Two years after this, she labored for the Stride Rite Corporation; after that, in 1995, she grew to become the president and CEO of Florists’ Transworld Delivery. Whitman then grew to become the final supervisor of Hasbro’s Playskool Division in 1997. Among her actions in that place, she imported the British kids’s tv present “Teletubbies” to the United States.
eBay
In 1998, Whitman grew to become the CEO of the e-commerce firm eBay, which at the moment had solely 30 workers and round $4 million in income. During her practically decade-long tenure with the corporate, eBay grew to round 15,000 workers and $8 billion in annual income. To do that, Whitman constructed a brand new government staff and break up the corporate into 23 enterprise classes, assigning executives to every of them. In 2002, eBay went public and bought PayPal. Three years after that, it bought Skype for $4 billion; the corporate later offered Skype to buyers for round $2.75 billion. Although Whitman resigned because the CEO of eBay in late 2007, she stayed on the board and labored as an advisor to the brand new CEO John Donahoe via 2008.
Hewlett-Packard
Whitman joined the board of administrators of the Hewlett-Packard Company in January of 2011; in September, she was named the corporate’s CEO. In her first 12 months in that place, she introduced again focus to the corporate’s analysis and improvement division, and reinstated HP’s dedication to the PC enterprise. However, bother plagued Whitman over the following years. In 2013, she was named among the many most “underachieving” CEOs by Bloomberg L.P. as a consequence of HP’s considerably underperforming inventory. Later, in 2017, Whitman stepped down because the chair of the board of administrators whereas remaining CEO. She ultimately resigned from the latter place in February of 2018.
(Photo by Justin Sullivan/Getty Images)
Quibi
From its founding in the summertime of 2018, Whitman served because the CEO of the short-form media streaming platform Quibi, which formally launched in 2020. Five months after its launch, the corporate was contemplating acquisition or sale as a consequence of its failure to attract subscribers. Quibi was ultimately shut down in December of 2020, with its content material library offered to Roku in early 2021.
Board Appointments
Whitman has served on the board of administrators of quite a few corporations over time, together with DreamWorks, Procter & Gamble, the eBay Foundation, Zipcar, and Survey Monkey. She additionally served on the board of Goldman Sachs, however resigned after 14 months when it was revealed that she had acquired shares in quite a lot of public choices managed by the corporate.
Political Career
Whitman made her first main foray into politics in 2008, when she grew to become a member of the nationwide finance staff of Republican presidential candidate Mitt Romney. Following Romney’s withdrawal from the race, Whitman grew to become the nationwide co-chair of John McCain’s marketing campaign. Later, in 2016, she served because the finance co-chair of Chris Christie’s presidential marketing campaign; nevertheless, after he dropped out, she endorsed Democratic candidate Hillary Clinton.
In addition to engaged on presidential campaigns, Whitman ran for workplace herself in 2010 as a candidate for governor of California. She funded her personal marketing campaign, spending a document $144 million. Whitman ran on a platform that emphasised job creation, a discount in state authorities spending, and a reform of the Okay-12 training system. Ultimately, she misplaced the election to Jerry Brown. Later, in December of 2021, Whitman was nominated by President Joe Biden to develop into the US ambassador to Kenya.
Personal Life and Philanthropy
In 1980, Whitman married Griffith R. Harsh IV, the Chair of Neurosurgery on the University of California, Davis. Together, the couple has two kids, and resides in Atherton, California.
With her husband, Whitman based the Griffith R. Harsh IV and Margaret C. Whitman Charitable Foundation in 2006. In its first 12 months of operation in 2007, it made charitable contributions totaling round $125,000, most of which went to the Environmental Defense Fund. The basis additionally invested $4 million in offshore hedge funds.
All web worths are calculated utilizing knowledge drawn from public sources. When offered, we additionally incorporate personal ideas and suggestions acquired from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as potential, except in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button under.
