As one of the most talked-about figures, Jeffrey Immelt has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.

What is Jeffrey Immelt's net worth and salary?

During his time as CEO, GE's stock price sank 30%, erasing $150 billion in market cap from the company.

Jeffrey Immelt is an American business executive who has a net worth of $150 million. Jeff Immelt served as CEO of GE from 2001 to 2017. His very first day on the job as CEO was September 10, 2001, one day before the 9/11 terrorist attacks. His career at GE was marked with a number of controversies, most notably the fact that under his reign the company shed hundreds of billions of dollars in value. Secondly, Immelt earned ridicule for his reported use of two private jets whenever he traveled. More on this allegation later in the article below.

His leadership of GE has been widely criticized for cutting American jobs and paying little to no corporate income taxes. He also spent cash on stock buybacks at prices that would eventually prove to be exorbitant.

Jeff went to work for GE in 1982, landing a position in the company's plastics/appliances and healthcare division. He was named a GE officer in 1989 and joined GE's Capital board in 1997. He ran GE's Healthcare division from 1997 until his promotion to CEO in 2001. He was considered former CEOJack Welch'shandpicked-choice to takeover after he stepped down.

At the peak of his time with GE, Jeffrey Immelt earned an annual salary of $22 million when you include base salary, bonus and stock. During his time at GE, Jeff earned at least $200 million in overall compensation. It's unclear if that number includes roughly $85 million in pension benefits he also amassed. During that same period, GE lost$150 billionin market cap value.

Jeffrey Robert Immelt was born in Cincinnati, Ohio on February 19, 1956. His father managed General Electric's Aircraft Engines Division. Jeff graduated from Dartmouth College with an A.B. in Applied Mathematics and from Harvard University Business School. During summer breaks from school he worked at a Ford plant in Cincinnati. He also briefly worked for Procter and Gamble in between undergrad and grad school.

He became the CEO of General Electric in 2001, literally one day before the September 11th attacks. GE's insurance division lost hundreds of millions of dollars as direct result of the attacks. Two employees were also killed in the attacks.

Unlike his predecessor, Welch, who focused on organic growth, Immelt relied heavily on acquisitions to fuel GE during his time as CEO. In retrospect, many of these acquisitions would look unwise. Some of them were basically very expensive flops. Immelt also sold several highly-profitable GE divisions for what, in retrospect, appear to be cut-rate amounts. Under Jeff's direction, GE sold its plastics business, its appliance division and television network NBC.

GE Salary and Total Earnings

In summary, the total wealth of Jeffrey Immelt reflects strategic moves.

Disclaimer: All net worth figures are estimates based on public data.