Meg Whitman is an American business executive and philanthropist. She currently serves as the chief executive officer of Quibi, a new streaming platform that features content for mobile devices. As one of the most successful executives in the world, many are curious to know what her net worth is.
In this article, Fidlar will take an in-depth look at Meg Whitman net worth and how she has achieved such impressive financial success.
What is Meg Whitman’s Net Worth and Salary 2023?
Meg Whitman is one of the world’s most successful and influential business leaders, with an estimated net worth of $3.5 billion. She is the former CEO of eBay and the current President and CEO of HP.
Whitman has had a long and distinguished career in business and technology, beginning with her first job as an assistant brand manager at Procter & Gamble. She then moved on to various executive roles at some of the most well-known companies in the world, such as Disney, Hasbro, FTD, and DreamWorks.
Meg Whitman Overview: Why is Meg Whitman Famous?
Early Life and Education
Born Margaret Whitman on August 4, 1956, in Huntington, New York, Meg Whitman’s parents were Hendricks Jr. and Margaret. She honed her skills at Cold Spring Harbor High School in high school, graduating in 1974.
After attending Princeton University in order to pursue a career in medicine, Whitman’s ambition underwent a transformation when she spent a summer selling ads for Business Today magazine; instead, she opted to pursue economics.
After graduating with an AB in 1977, Whitman then went on to Harvard Business School to gain her MBA.
After graduating from Harvard in 1979, Whitman embarked on a successful career as a brand manager at Procter & Gamble. Her hard work and ambition were soon recognized and she was promoted to consultant at Bain & Company.
In 1989, Whitman was tapped to serve as the vice president of strategic planning at the Walt Disney Company, the culmination of her steady climb up the corporate ladder.
After two years, she accepted a position with the Stride Rite Corporation; and in 1995, was appointed President and CEO of Florists’ Transworld Delivery.
Continuing to ascend the ranks, Whitman joined the Hasbro Playskool Division in 1997, where she made the groundbreaking decision to bring the British children’s show, “Teletubbies,” to the United States.
In 1998, Whitman stepped into the CEO role at eBay, a fledgling e-commerce firm with just 30 employees and an annual revenue of only $4 million.
Over the course of her near-decade tenure, she helped the company to skyrocket, taking it to a remarkable 15,000 employees and an astonishing $8 billion in yearly revenue.
In order to expand his business, Whitman carefully assembled a new executive team and divided the company into 23 distinct business categories, appointing an executive to oversee each.
In 2002, eBay went public and took control of PayPal, and then, three years later, acquired Skype for an astounding $4 billion.
Subsequently, eBay sold Skype to investors at a price of roughly $2.75 billion. Although Whitman relinquished her position as CEO of eBay in late 2007, she remained a steadfast member of the board and provided guidance to John Donahoe, the incoming CEO, all through 2008.
In 2011, Whitman stepped up to the plate and joined the board of directors of the Hewlett-Packard Company. Soon after, she was named their CEO and started revamping the company.
She renewed the focus on research and development, as well as brought back HP’s commitment to the PC business in her very first year as the head of the business.
Despite initial success, Whitman’s tenure at HP was beset by difficulties. In 2013, Bloomberg L.P. labeled her as one of the “most underachieving” CEOs, citing HP’s drastically low stock prices.
Subsequently, in 2017, she relinquished her chairmanship of the board of directors yet retained her role as CEO, only to tender her resignation from the latter position in February 2018.
Since its creation in the summer of 2018, Whitman assumed the position of CEO at Quibi, the short-form streaming platform that made its official debut in 2020.
Nonetheless, the service could not draw many subscribers, leading to its possible acquisition or sale five months into its launch. By December 2020, Quibi had been shut down, and its content library was later sold to Roku in early 2021.
For many years, Mary Jo Whitman has held prestigious board positions in a number of corporations, such as DreamWorks, Procter & Gamble, the eBay Foundation, Zipcar, and Survey Monkey.
However, she resigned from the board of Goldman Sachs after only 14 months when news broke that she had received shares from several public offerings managed by the company.
In 2008, Meg Whitman took a leap into the political arena by joining the national finance team of Republican presidential candidate Mitt Romney.
However, upon Romney’s withdrawal from the race, she bravely embraced her new role as national co-chair of John McCain’s campaign.
In 2016, she was the finance co-chair of Chris Christie’s presidential campaign; however, once he bowed out, she ardently threw her support behind Democratic candidate Hillary Clinton.
Apart from actively taking part in presidential campaigns, Meg Whitman, in 2010, decided to take the political world by storm and vie for the position of governor of California. She made history by self-funding her campaign with an extraordinary $144 million.
Her plan included job growth, slashing state expenses, and overhauling the K-12 education system. After losing the election to Jerry Brown, Sarah Whitman received a nomination from President Joe Biden in December 2021 to serve as the US ambassador to Kenya – an achievement she ultimately cherished.
Personal Life and Philanthropy
In 1980, the illustrious Dr. Griffith R. Harsh IV, Chair of Neurosurgery at the University of California, Davis, said “I do” to Whitman. Now, the couple resides in Atherton, California with their two children, blissfully united in matrimony.
In 2006, Whitman and her husband co-founded the Griffith R. Harsh IV and Margaret C. Whitman Charitable Foundation. In its inaugural year of 2007, they generously donated approximately $125,000 to the Environmental Defense Fund, with an additional $4 million invested in offshore hedge funds.
FAQs about Meg Whitman
How old is Meg Whitman?
At this moment in time, Meg Whitman is a vibrant 66 years of age (born on 4 August 1956).
How did Meg Whitman make her money?
Under the helm of Meg Whitman as President and CEO of eBay from 1998 to 2008, the company experienced tremendous growth – transforming from a small team of 30 employees and $4 million in revenue, to a leading tech powerhouse of 15,000 employees and a staggering $8 billion in annual revenue.
How much did Meg Whitman donate to Princeton?
In 2002, Mrs. Whitman demonstrated her commitment and service to Princeton with an incredible $30 million gift to her alma mater, providing them the resources to construct a 500-student residential college in her name. Truly a magnanimous gesture, her donation will have a lasting impact on generations of Princeton students.
What kind of leader is Meg Whitman?
As a leader, Meg Whitman is known for her utilization of transformational and charismatic leadership styles. She puts these into practice in many ways; one of them being her use of intellectual stimulation to motivate her followers to think creatively as they carry out their tasks.
In conclusion, Meg Whitman is an impressive business executive with great financial success. She is a true example of the importance of hard work and dedication in order to achieve one’s goals.
For those who are interested in learning more about Meg Whitman’s career and net worth, we invite you to visit Quibi’s website for more information on her journey and success.