Tony Nicely Net Worth

March 15, 2024
1 min read

Olza M. Nicely was born on the 26th June 1943 in Alleghany County, Virginia, USA, and is a businessman who, as Tony Nicely, is best known for being the current CEO of the Government Employees Insurance Company – GEICO.

Have you ever wondered how much wealth this veteran businessman has accumulated so far? How rich Tony Nicely is? According to sources, it is estimated that the total of Tony Nicely’s net worth, as of mid-2017, exceeds the sum of $15 million, acquired through his GEICO engagement which has been active for over 55 years, starting in 1961.

Tony Nicely Net Worth $15 million

Tony began his professional career as an 18-year old when he joined GEICO as a clerk in 1961. Later he enrolled at Georgia College from which he graduated with a Bachelor of Arts degree in business administration. After several years of serving mostly as company’s clerk, and upon graduation, Tony steadily began to climb the ladder, and in 1973 was promoted to a GEICO Vice President. All these endeavors helped Tony Nicely to establish himself in the demanding and sometimes cruel world of insurance business, and also provided the basis for his nowadays rather notable net worth.

After spending almost 10 years in this executive position, in 1983 Nicely was named the company’s Regional Vice President, while in 1987 he became its Executive Vice President. In the course of the next five years, Tony enriched his responsibilities, and since 1993 has been serving not only as the president and chairman, but as GEICO’s CEO as well. It is certain that all these achievements helped Tony Nicely to dramatically increase the total of his net worth by a large margin.

Today, under Tony’s leadership, GEICO is the second largest auto insurance company in the United States, and is a completely owned subsidiary of Berkshire Hathaway, a multinational holding conglomerate with Warren Buffett as its CEO. GECIO counts a total of 36,000 employees, and has around $26.3 billion in annual revenues. All these accomplishments have certainly made an impact on Tony Nicely’s net worth.

Apart from all those already mentioned above, Tony Nicely has also been serving as the board member of several other companies and firms, including the Presidential Classroom and the Insurance Institute for Highway Safety. The Property Casualty Insurance Association of America as well as the American Institute for Characters Property Causality Underwriters and the Georgia Mason University Foundation. He is also on Federal City’s Council and Marymount University’s trustee. Doubtlessly, all these involvements have helped Tony Nicely to add a significant amount of money to his impressive wealth.

When it comes to his personal life, Tony Nicely has managed to keep it quite private and far from the media. However, it has been acknowledged that he is a married man as well as a father of two children who have gifted him with three grandchildren so far. With his family, Tony currently resides in Great Falls, Virginia.

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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