Businessman, entrepreneur, and philanthropist Patrick G. Ryan has a successful background in the insurance sector. One of the biggest insurance brokerage organizations in the world, Aon Corporation, was founded by him. He also serves as its chairman and former CEO. In addition, he is a co-founder of Ryan Specialty Group, a private equity company.
Let’s know more about him and look at Patrick Ryan net worth, records, career and more.
What is Patrick Ryan’s Net Worth and Salary 2023?
Patrick Ryan is one of the most successful entrepreneurs in the world, with an estimated net worth of $2.5 billion. Ryan made his fortune as the CEO and founder of Ryan Specialty Group, a wholesale insurance broker for specialty risks.
He started the company in 2010 and now has offices worldwide and over 4,000 employees. Ryan’s success is attributed to his innovative approach to creating insurance products tailored to client’s unique needs and his dedication to customer service.
As the leader of RSG, Patrick Ryan has been recognized by Forbes magazine, which named him one of America’s Top 50 wealthiest people in 2020. With his success and strong reputation, Ryan inspires many budding entrepreneurs.
He currently serves as the Chief Executive Officer of a Fortune 500 company and earns an annual salary of $18 million.
Ryan has been in this position since 2011 and has earned the admiration of many for his leadership and business acumen. His impressive salary is reflective of his knowledge and experience, both of which have contributed to the success of his firm.
Patrick Ryan Overview
Early Life
Ryan was raised by an Irish-American father who had a Ford dealership in a Milwaukee suburb. To assist in the construction of Milwaukee’s expressway system, Ryan worked summers shoving concrete.
In 1959, he earned a Bachelor of Arts in Finance and Literature from Northwestern University’s School of Business (now the Kellogg School of Management).
The encounter “kindled his entrepreneurial spirit” as Ryan made $8,000 selling personalized scrapbooks to dorm members during his final year.
Career
In 1969, Ryan began his career as a Combined Insurance Company of America agent. He advanced fast through the ranks; by 1979, he was president and COO of Combined.
Ryan left Combined in 1982 to found Aon Corporation, where he remained as Chairman and CEO until 2008. One of the biggest insurance brokers in the world, Aon, expanded under his direction.
Ryan created Ryan Speciality Group (RSG) with a partner in 2010, a broker, agent, and insurer-serving specialty insurance firm with a global reach. RSG offers goods and services in many industries, including underwriting, claims, product development, etc.
Along with his professional involvement, Ryan has also participated in many charitable endeavors.
He founded the Patrick G. and Shirley W. Ryan Foundation, which supports institutions of higher learning, medical research, the arts, and social services. He also holds the position of board chairman for the charity group After School Matters.
Ryan’s work in the insurance sector has been both lengthy and fruitful. He has had a long-lasting influence on the industry and many people’s lives through his numerous commercial operations and charitable activities.
Personal Life
Patrick G. Ryan is married and has four kids. He lives in Chicago with his almost forty-year-old wife, Shirley Welsh Ryan. He is a devoted philanthropist and an active member of the Catholic Church.
Why is Patrick Ryan famous?
He set the inaugural hammer throw world record in 1913, which remained unbroken for 25 years and 40 years as an American record. Ryan was a member of the Irish Whales, a team of weight-throwers from Ireland.
FAQs about Patrick Ryan
What does the Ryan family do Northwestern?
The Ryans have been outstanding supporters of Northwestern University for many years, providing guidance and funding for academic initiatives and scholarships.
The building of the Feinberg School of Medicine and the Nanotechnology Center and the renovation of the school’s football and basketball stadiums.
How tall is Pat Ryan?
Pat Ryan height is 1,9 m.
What is Shirley Welsh Ryan net worth?
As of November 2023, Ryan Shirley’s YouTube channel had a net worth of $176,000.
Is Pat Ryan worked in the military?
According to his LinkedIn profile, he held the role of Intelligence Officer in the US Army for 5 years.
How old is Patrick Ryan?
Patrick Ryan age is 40 years old.
Conclusion
Patrick G. Ryan is a remarkable entrepreneur and philanthropist who has achieved tremendous success in the insurance sector. His influence and impact will continue to be felt for years to come.
To learn more about his life and accomplishments, check out Fidlarmusic for Patrick Ryan’s net worth 2023, records, career and more. You won’t be disappointed!
