Pat Gelsinger, Intel’s CEO, has amassed a substantial fortune. This article explores the components of his net worth, estimated to be between $82 million and $119 million.
Components of Gelsinger’s Net Worth
Stock Holdings
Gelsinger’s wealth is largely tied to his Intel stock holdings, which he has accumulated over his long tenure at the company. These shares alone are valued at around $12.5 million [https://money.cnn.com/quote/shareholders/shareholders.html?symb=INTC&subView=institutional].
Annual Compensation
As Intel’s CEO, Gelsinger earns a hefty annual compensation package [https://www.cnbc.com/2023/04/06/intel-ceo-pat-gelsinger-gets-40percent-pay-raise-as-company-struggles.html] that includes salary, bonuses, and stock options. His estimated annual compensation is between $175-$185 million.
Other Investments
Beyond Intel, Gelsinger has also made investments in the technology industry. A notable investment was in VMware, which yielded a substantial return when the company was acquired by Broadcom [https://www.globenewswire.com/news-release/2022/05/26/2446892/0/en/Broadcom-Completes-Acquisition-of-VMware.html].
The Impact of Gelsinger’s Leadership
Gelsinger’s leadership at Intel has also had a significant impact on his net worth. Under his guidance, the company has seen revenue growth and improved financial performance. This success has likely contributed to Gelsinger’s wealth through increased stock value and bonuses.
Conclusion
Pat Gelsinger’s net worth is a testament to his success in the technology industry. His stock holdings, annual compensation, and wise investments have all played a role in building his fortune. While estimates of his wealth may vary, it is evident that Gelsinger has established a strong financial empire.