John Stumpf is an American retail banker and business executive. He has also served as the chief executive officer and chairman of one of the big banks of America, Wells Fargo. He announced his retirement from Wells Fargo in the year 2016 due to his involvement in a scandal. Let’s find out how much is the net worth of John Stumpf in 2018.
Early Life & Biography
John Gerard Stumpf was born on 15th of September in the year 1953 in Pierz, Minnesota, U.S. He was born to Herb Stumpf, a dairy farmer, and Elvira Stumpf. He grew up with his ten siblings. He is a graduate of the St. Cloud State University and the Carlson School of Management. He began his career with the First Bank and since then is involved in the banking world.
In his own life, John Stumpf has a very simple life. He is a married man. He got married to Ruth Spanier in the year 1975 who was his school sweetheart. The couple is living happily until now.
Career, Awards & Nominations
John Stumpf started his career as a repossession agent in the First Bank. Later in the year 1982, he started working in the Northwestern National Bank. He did really well and with time became chief credit officer and senior vice president of the Norwest Bank. He served in the bank till the year 1998. In the year 1998, Norwest Bank was merged with the Wells Fargo. After that John got an opportunity to became the head of Wells Fargo’s Southwestern Banking Group. He worked with the firm for so long and helped the firm earn billions through his work.
He became CEO of Wells Fargo in the year 2007 and chairman in the year 2010. He was working great in his career that suddenly in the year 2016 he had to resign from his position and announce his retirement from the firm due to some scandals against him involving the creation of fake customer accounts.
John Stumpf has worked great in his career and has been accoladed well for his work. He has been honored with the awards like Banker of the Year Award. He was also listed among one of the most influential 50 people in the year 2012.
Net Worth & Earnings
John Stumpf has a net worth of $60 million. He has earned most of his net worth through his work in various banks. His most of the income is contributed by his work in the Norwest Bank and Wells Fargo. He has served at the positions like CEO and chairman which has definitely added well to his net worth.
John Stumpf is an American retail banker and business executive who has earned a net worth of $60 million. He is a self-made millionaire who has worked really hard in his career and was one of the key people behind the success of the organizations in which he worked.