Ivan Seidenberg Net Worth

February 2, 2023
1 min read

Ivan Seidenberg was born on the 10th December 1946, in New York City USA, of Jewish origin, and is a businessman, probably best known as the former CEO and chairman of Verizon Communications. Seidenberg is also known for his philanthropic efforts, especially in the field of education. He has been active in the telecommunication industry since 1994.

How much is the net worth of Ivan Seidenberg? It has been estimated by authoritative sources that the overall size of his wealth is as much as $55 million, as of the data presented in the middle of 2017. Telecommunication is the main source of Seidenberg net worth. It is worth saying that he received a compensation of more than $17 million from Verizon in 2009, which significantly increased the outright size of Ivan’s net worth.

Ivan Seidenberg Net Worth $55 Million

To begin with, Seidenberg studied mathematics at the City University of New York, which he graduated from with a Bachelor’s degree. Later, he majored in economics at Pace University earning Master’s degree. He then served in the US Army during the Vietnam War.

Concerning his professional career inbusiness, he started from the lowest position of a cable splicer in the New York Telephone company. Gradually he was promoted to eventually become the head of the company, with the company uniting with Bell Atlantic and changing its name to Verizon Communications. At that time, the company was worth more than $52 billion, and was one of the greatest mergers in the history of business in the US, of which Seidenberg served as the chairman and CEO until 2011. He was followed by Lowell McAdam, who previously served as the president of the same company.

What is more, Ivan served in the National Security Telecommunications Advisory Committee, the President’s Export Council and the National Security Telecommunications Advisory Committee. He was also the chairman of the Business Roundtable from 2009 to 2011. In addition, he serves on the board of the Paley Center for Media, Pace University, The New York Hall of Science, the New York-Presbyterian Hospital and other institutions. More, he serves on the board of directors of Afiniti and BlackRock Inc. In 2012, he became the advisory partner of the independent, privately owned global financial services firm Perella Weinberg Partners. He is also one of the owners of baseball team New York Mets, which he purchased in 2015.

To conclude, all the above mentioned engagements have added sums to the overall size of Ivan Seidenberg net worth.

Finally, in the personal life of the businessman, Ivan Seidenberg is married to Phyllis, and the family has two children who are now adults. Ivan and Phyllis currently reside in the suburbs of New York City.

Talking about the philanthropic efforts, he has funded the University of Pace with a donation which exceeded $15 million. The part of the university which was previously named Pace’s School of Computer Science and Information Systems, has been changed to Ivan G. Seidenberg School of Computer Science and Information Systems.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications.

At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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