Connect with us

Businesspersons

Ken Lewis Net Worth

Published

on

Ken Lewis's Net Worth as of 2024
$65 Million

Born as Kenneth D. Lewis on the 9th April 1947 in Meridian, Mississippi USA, Ken is a businessman, best known to the world as the former CEO, President and Chairman of the Bank of America, a position he held from 2001 to 2009.

Have you ever wondered how rich Ken Lewis is, as of mid- 2017? According to authoritative sources, it has been estimated that Lewis’s net worth is as high as $65 million, earned through his successful career in finance and banking, which has been active since the late ‘60s.

Ken Lewis Net Worth $65 Million

Although born in Meridian, Ken spent his first five years of life in Walnut Grove, Mississippi, after which the family moved overseas to Heidelberg, Germany, with his father who was in the US Army. Later the family returned to the US, and he enrolled at Georgia State University, attending J. Mack Robinson College of Business, from which he graduated with a Bachelor of Arts degree in finance.

Soon after finishing his education, Ken got his first job at the North Carolina National Bank (NCNB); he was hired as a credit analyst and started climbing his way up the ladder in the bank, overseeing domestic and international operations when the NCNB acquired several other banks in 1991, to assume the name NationsBank. Seven years later NationsBank acquired BankAmerica and changed the name to Bank of America, which is now the second on the list of largest banks in the US by assets. Three years after the merger, Ken became CEO of the Bank of America on the retirement of the incumbent. He remained in this position until 31st December 2009, when he announced his retirement from the position. During his reign, Ken took some moves such as buying Merrill Lynch and Countrywide Financial, in deals that only jeopardized the existence of the Bank of America, and brought damage to the financial status of the bank. In order to recover the bank from unsuccessful strategies, Ken was forced to borrow $86 billion from the Federal Government.

Due to his inadvisable moves, he announced in September 2009 that he would leave his position at the end of the year. During his stay in the bank, Ken earned over $20 million in salaries, and for his retirement, he received around $130 million in various forms, which certainly increased his net worth.

Aside from the Bank of America, Ken has held several other positions in other financial businesses, including being a member of the Financial Service Forum, and Financial Services Roundtable.

Also, he was the Fifth District’s representative on the Federal Advisory Committee, among many other positions, which also contributed to his wealth.

Thanks for his general successful career, Ken received Banker of the Year award in 2001 and 2008, while also in 2001 he was named as the Top Chief Executive Officer by US Banker.

Regarding his personal life, Ken is married to Donna, but further information about their marriage is unknown in the media.

As the Managing Editor at NetWorthPost, 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.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Actors

Jeff Beitzel Net Worth

Published

on

Jeff Beitzel was born in the United States of America, and was a businessman and reality television personality, best known for establishing several successful automotive companies such as Quantum Fuel Systems, of which he was the COO, and also for starring in the reality show “The Real Housewives of Orange County”. All of his efforts helped put his net worth to where it was prior to his passing.

How rich was Jeff Beitzel? As of early-2017, sources inform us of a net worth that was at $3 million, mostly earned through the success of his numerous companies. He helped create and expand several automotive businesses, serving in high positions in them. He reportedly earned a salary of $725,000, but all of his achievements ensured the position of his wealth.

Jeff Beitzel Net Worth $3 million

Jeff attended Lehigh University, and would graduate with a degree in mechanical engineering. After his studies, he started working at the Ford Motor Company, and after gaining a lot of experience, he began establishing his own automotive businesses, which included Quantum Fuel Systems Technology; the company focuses on fuel storage, fuel efficiency, and natural forms of fuel. Beitzel eventually rose up to become the COO of the company in 2005. Other groups he worked for include Tecstar Automotive Group (formerly Starcraft Corp.) and Powertrain Integration. He served as the Co-Chief Executive Officer of Tecstar and was the president of Tecstar subsidiaries, as well as the President of Powertrain Integration. Quantum Fuel Systems eventually merged with Tecstar, but Powertrain Integration on the other hand focuses on powertrain solutions including highway systems, alternative fuels, and other services. Thanks to all of these endeavors, his net worth continued to increase.

Jeff eventually became engaged to reality television star and businesswoman Gretchen Rossi. Since then, he started appearing in the hit reality TV show “The Real Housewives of Orange County”, which helped somewhat in increasing his net worth further. The show started in 2006 airing on Bravo TV, its premise being to show the professional and personal lives of several women residing in Orange County. Rossi started appearing in the show during the fourth season, and Jeff started getting featured on the show when they became engaged. The show also featured his battle with leukemia.

For his personal life, it is known that Jeff was married five times before becoming engaged to Rossi; he passed away in 2008 from leukemia. After his death, his ex-wife and three children started challenging Rossi in the press, claiming the Beitzel never really intended to marry her. The issue was also brought out because it was reported that Jeff left Gretchen several million dollars in his estate. Despite this, Rossi has shrugged off most of the statements against her and even dedicated a social media post to Jeff during the anniversary of his death. She’s also reported to have spent time with his kids, even amidst rumors of infidelity during their relationship. One of Jeff’s children has commented that all the publicity didn’t really matter, because in the end his father loved Rossi.

Continue Reading

Billionaires

Gautam Adani Net Worth

Published

on

Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.

How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.

Gautam Adani Net Worth $8.8 Billion

To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.

Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.

The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.

In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.

Finally, in the personal life of Gautam, he is married to Priti and they have two children.

Continue Reading

Recommended

Luxury4 days ago

Serena Williams Takes Home $426,000 After Winning Rogers Cup

Serena Williams is still one of the most feared female tennis player on the planet. Just last week, Serena continued...

Luxury4 days ago

$8637 Per Hole So Far For Tiger Woods

The news that Padraig Harrington created $8637 per hole so far this season is fairly astounding. It is a man...

Entertainment4 days ago

Grey’s Anatomy Recap: Richard Makes A Shocking Confession

It’s all aboard the battle bus for almost all of the physicians at Gray Sloan Memorial. From babies to examinations,...

Celebrity Money4 days ago

Charlie Sheen Gives $12000 for Paparazzi Funeral

Former Two and a Half Men star donated $12,000 for the funeral expenses of the paparazzo who was killed while...

Beauty4 days ago

Lohans Half Sister Spends $25000 on Surgery to Look like Lindsay Lohan

How much would it cost to appear just just like Lindsay Lohan? Lindsay’s halfsister, Ashley Horn, invested $25,0000 on plastic...

Biographies4 days ago

Top 10 Biggest Economies in the World 2013

They are the world-wide economic heavyweights this year, estimated to be having the current largest economies on the planet. Here’s...

Companies4 days ago

BlackBerry Expected to get $500 Million Tax Refund

BlackBerry is poised to get a huge tax break. Within the 2nd quarter of FY 2014, BlackBerry posted a tax...

Biographies4 days ago

Cristiano Ronaldo buys $1.3 Million Ferrari

Ferrari, the topnotch auto company in Italy, has declared that 499 LA Ferrari models seen in state were sold-out. But,...

The Biggest4 days ago

The Biggest Shipping Companies in the World

Shipping is an extremely vital industry that most people are not aware of. Perhaps you have wondered how exotic fruits...

Biographies4 days ago

10 Poorest Cities in North America

Its economic recovery is taking a very long time, what with all of the other hurdles the nation and the...

Trending