Jeff Immelt is a well-known businessman from America who currently is the venture partner of the company “New Enterprise Associates”. He was the CEO of the American-based multinational conglomerate General Electric from the year 2000 to 2017. Let’s find out more about how much is the net worth of Jeff Immelt in 2019.
Early Life & Biography:
Jeff Immelt was born on February 19, 1956, in Cincinnati, Ohio to Joseph Francis Immelt and Donna Rosemary. His father was the manager of General Electric Aviation division while his mother was a school teacher.
Immelt went to the Finneytown High School where he was the part of the school’s football team. He attended Dartmouth College where he earned an A.B in Economics and Applied Mathematics in the year 1978. While Immelt was in college he worked as an intern at “Ford” in Cincinnati.
After his graduation, he worked for the consumer goods corporation “Procter and Gamble”. Later, Immelt went to the “Harvard Business School” where he earned his MBA in the year 1982.
Immelt married his wife Andrea in the year 1986. The couple has a daughter whose name is Sarah.
Career, Awards & Nominations:
Jeff Immelt has been working for General Electric since 1982 after earning his MBA from the Harvard Business School.
He has worked at several divisions of the company including appliances, healthcare, and plastics.
Immelt was appointed as an officer in General Electric in the year 1989. Later he was included in the General Electric Capital board and was named the CEO of General Electric Healthcare in 1997.
Immelt has also served as the President of the company for ten months before becoming the CEO and chairman of General Electric in the year 2001.
After serving the company for more than 16 years as the CEO he retired from the company on Oct 2017. Immelt was the chairman of the nonpartisan organization “The Business Council” from 2005 to 2006. In the same year, he was included in the board of the “Federal Reserve Bank of New York”.
Immelt has been given the “World’s Best CEOs” Award three-times. He was named the “Man of the Year” by the business magazine The Financial Times in the year 2003.
Immelt was also included in the list of “100 most influential people in the world” by the TIMES Magazine in 2009.
He won the 20th “Leonardo International Prize” in the year 2015. In the same year, he was ranked 50 in the list of “500 Most Influential CEO’s” by the company Richtopia.
Net Worth & Earnings:
Jeff Immelt has an estimated net worth of more than $100 million. This huge wealth is the result of his successful career as the CEO and chairman of General Electric. When he was the CEO of the company, he received a total compensation of more than $22 million per year. Immelt purchased a house in Boston in the year 2015. He also owns an apartment in New York which was featured in the Forbes magazine.
Currently, Immelt is the executive chairman of an American healthcare company “Athenahealth”.
Jeff Immelt is one of the most influential businessmen in the world. He also serves on the board of the “Robin Hood Foundation”, a non-profit organization which works to alleviate problems caused by poverty in the United States.