Who is John Stumpf?
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One of the most divisive bankers and CEOs in America is John Stumpf. He is the CEO of Wells Fargo, one of the top four banks in the United States.
He was one of the wealthiest and highest-paid executives in American history. Nevertheless, a big banking scandal in 2016 compelled him to retire.
What is the Net Worth of John Stumpf? Salary, Earnings
Following his appointment as CEO and then chairman of Wells Fargo, John Stumpf has been compensated with a very generous package of benefits.
His take-home income came to nearly $24 million, with a base wage of $3 million. Additionally, he received financial incentives worth about $5 million.
In addition, he was given $15 million worth of stock options. His remuneration package includes 1.6 million shares of Wells Fargo stock, valued at almost $79 million, and additional bonuses totaling more than $27 million.
John Stumpf’s net worth as of January 2024 is more than $55 million.
Where was John Stumpf born? Ethnicity, Nationality, Family, Education
John Stumpf was born in Pierz, Minnesota, in 1953. Together with his eleven siblings, he was raised on a farm. His father was of German origin, while his mother was Polish.
His was an observant Catholic family. John had to share a room with all of his brothers because his early years were so unpleasant.
He didn’t have much academic skill, yet he completed high school. John was forced to work as a breadmaker in a nearby bakery.
After receiving temporary admission, he completed his studies at St. Cloud State University and earned a Bachelor of Science in Finance. After that, he started working as a repossession agent for First Bank in Minnesota.
Quicks Facts
| Celebrated Name: | John Stumpf |
|---|---|
| Real Name/Full Name: | John Gerard Stumpf |
| Gender: | Male |
| Age: | 68 years old |
| Birth Date: | 15 September 1953 |
| Birth Place: | Pierz, Minnesota, United States |
| Nationality: | American |
| Height: | 1.82 m |
| Weight: | 79 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Ruth Spanier |
| Children: | N/A |
| Dating/Girlfriend (Name): |
N/A |
| Profession: | American business executive and retail banker |
| Net Worth in 2022: | $55 million |
How tall is John Stumpf? Weight, Hair Color
Afterward, he received his MBA from Carlson School of Management. John Stumpf was born on September 15, 1953, and he will be 68 years old in 2022. He is 79 kg in weight and 1.82 m tall.
How did John Stumpf start his Professional Career?
In 1982, Stumpf began employment with Northwestern National Bank. He advanced quickly to senior vice president at Norwest Bank in Minneapolis.
At Minneapolis’s Norwest Bank, he was promoted to multiple senior executive roles. He assumed management of Norwest Bank Arizona in 1989.
John was elevated to the position of regional president for Norwest Banks in Colorado two years later. He was appointed regional head of Norwest Bank’s Texas operations in 1994.
Until 1998, when he assisted in acquiring thirty Texas banks with a combined asset worth almost $13 billion, he held this position.
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Stumpf became head of the bank’s Southwestern Banking Group the same year that Wells Fargo and Norwest joined. He was named head of the newly formed Western Banking Group in 2000 and was instrumental in the $23 billion acquisition of First Security Corporation.
Stumpf assumed the position of Group Executive Vice President of Community Banking in 2002. He was chosen to join Visa Inc.’s board of directors in 2006.
When Wells Fargo acquired Wachovia in 2008, he backed the company. This is one of the largest financial mergers in recorded history.
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