Sergio Marchionne was born on 17 June 1952, in Chieti, Italy, and is an executive, best known to be the CEO of Fiat Chrysler Automobiles, but he is also the CEO of Ferrari and the Chairman of CNH Industrial. He holds numerous other high positions, and all have helped put his net worth to where it is today.
How rich is Sergio Marchionne? As of mid-2016, sources estimate a net worth that is at $60 million, mostly earned through being at the head of these companies. He is also the Chairman of SGS and the Vice-Chairman of the banking group UBS. He helped raise the Fiat Group to one of the fastest growing companies in the industry, and all of these ensured the position of his wealth.
Sergio Marchionne Net Worth $60 million
When Sergio was 13 years old, his family immigrated to Canada, and he would attend the prestigious St. Michael’s College School, and afterwards the University of Toronto, completing a degree in philosophy, then later the University of Windsor, where he graduated with a degree in Commerce as well as an MBA;the Osgoode Hall Law School of York University saw Sergio obtain his Law degree in 1983.
Sergio initially worked as an accountant for Deloitte & Touche for three years, then moved to Lawson Mardon Group, and the following year to Glenex Industries as Executive Vice President. In 1990, he became the Chief Financial Officer at Acklands for two years, followed by serving as the Chief Financial Officer of the Lawson Group for another two years. In 1994, Alusuisse Lonza acquired the Lawson group, and he would work there until 2000, becoming the CEO of the company in 1997. His net worth was rising substantially.
In 2002, he became the CEO of SGS S.A. Seven years later Sergio decided to buy a 20% stake of Chrysler via Fiat Group, at a time Chrysler was emerging from Chapter 11 bankruptcy protection, and he would then become the CEO. His stake in the company would increase and the two companies would eventually merge.
Sergio is well known for his unusual management style, preferring to deal directly with employees instead of typical communication via a secretary. He also has a more collegial style, opting for a fourth floor office instead of a penthouse. He has won numerous awards throughout his career including The Deming Cup 2011, the Dwight D. Eisenhower Leadership Award, and the Hennick Medal for Career Achievement. He also received an Honorary Doctor of Laws from the University of Windsor, and an Honorary Doctor of Business Administration from the University of Toledo.
For his personal life, Marchionne keeps any relationship(s) very private – he is only interested in business ‘marriages’. He is very interested in classical music and the arts, and keeps a music collection in his office and often listens to it while he works. He is also fond of using quotes from musicians and artists in his speeches. He is multilingual and a chain smoker. Perhaps unsurprisingly, Sergio is also a supercar enthusiast and often likes to drive high performance vehicles. He is known to take his Maserati or Ferrari for a drive on the track.
