Tim Armstrong net worth and wage: Tim Armstrong is an American businessman who has a net worth of $450 million {dollars}. The former President of Google America, Tim Armstrong took over as CEO and Chairman of AOL, Inc. in 2009. He can be a United Football League founder and the proprietor of the Boston Blazers LaCrosse group. Timothy M. Armstrong was born in December 1971. He graduated from Connecticut College in 1993 with a double main in Sociology and Economics. Tim’s profession began by cofounding and operating a newspaper in Boston. He is a member of the board for the Interactive Advertising Bureau, the Advertising Research Foundation, and the Advertising Council. He can be a trustee at Lawrence Academy and Connecticut College. Armstrong was one of many founders of the United Football League and owns the Boston Blazers of the National Lacrosse League. He is the CEO and Chairman of AOL Inc. since 2009 and former President of Google’s Americas operation. Armstrong additionally was one of many cofounders of Patch Media, a information web site. In 2009 Armstrong took AOL public on the New York Stock Exchange. He has been concerned in controversy, blaming President Obama and “distressed infants” for an over $7 million improve per 12 months for AOL’s healthcare prices. In 2013 Tim Armstrong was paid a wage of $1 million, however his complete compensation was over $6 million.
Verizon Acquisition of AOL: Tim was instrumental in promoting AOL to Verizon in 2015 for $4.4 billion. He remained at Verizon till 2019. Despite the truth that Verizon finally wrote down 50% of the AOL acquisition worth, Tim was paid $60 million when he left the corporate.
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