Who is the oldest CEO in the Fortune 500?
The average CEO of a Fortune 500 company is about 57 years old.
The average CEO of a Fortune 500 company is about 57 years old.
51 years – Warren Buffett, Berkshire Hathaway Inc.
Known as the 'Oracle of Omaha', Buffett, 90, took control of textile maker Berkshire Hathaway in 1965, and turned the now US$700bn Hathaway into a holding company that buys up troubled businesses and turns them around.
#1: Warren Buffett
Warren Buffett will turn 93 years old this year. He's the longest-tenured CEO of any S&P 500 company, having helmed Berkshire Hathaway since 1970.
Over the past decade, the number of CEOs ages 65 to 69 nearly doubled to 36, while those ages 70 to 74 increased from nine to 13, according to a survey of Fortune 500 CEOs by management consulting firm Korn Ferry.
The average salary of a Fortune 500 CEO is $15.9 million per year. The highest-paid Fortune 500 CEO is Elon Musk. In 2021, Musk saw compensation worth around $23.5 billion.
Black CEOs of Fortune 500 companies
That's 19 Black executives out of 1,800 chief executive officers. Currently, the number of Black CEOs in the Fortune 500 is at an all-time high, totaling to six Black executives, per AboveBoard's analysis.
After extensive research and analysis, Zippia's data science team found that: There are over 42,356 chief executive officers currently employed in the United States. 31.5% of all chief executive officers are women, while 68.5% are men. The average age of an employed chief executive officer is 51 years old.
In 2008, Buffett became the richest person in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, overtaking Bill Gates, who had been number one on the Forbes list for 13 consecutive years.
Under Warren Buffett Net Worth By Age, after the age of 50, his wealth increased to 376 million. In this way, moving forward slowly, at the age of 56, he fulfilled his dream of becoming a billionaire. That means his total assets became 1.4 billion. After completing 66 years of life, he earned 17 billion.
At what age do most CEOs retire?
Consulting firm Spencer Stuart reports on CEO transitions among S&P 500 companies. In 2021, the average age of a departing CEO was 64; in 2020, it was 61.
Even past age 70, a growing number of seniors are declining to, or unable to, retire. Last quarter, 19 percent of 70- to 74-year-olds were working, up from 11 percent in 1994. Older Americans are working more even as those under 65 are working less, a trend that the Bureau of Labor Statistics expects to continue.
Economics, business administration, and engineering are the most popular subjects studied by top CEOs. On average, 34.6% of top CEOs have a master's or doctorate degree and. 22.3% of top CEOs have a Master of Business Administration (MBA), 16.4% of top CEOs studied abroad; and.
Rank | Executive | Company |
---|---|---|
1 | James P. Gorman | Morgan Stanley |
2 | Doug McMillon | Walmart Inc |
3 | Andy Jassy | Amazon.com, Inc |
4 | Tim Cook | Apple Inc. |
- 20 Best CEOs in the World in 2023.
- Details of the Best CEOs in the World. Tim Cook – CEO of Apple. Sundar Pichai – CEO of Google. Satya Nadella – CEO of Microsoft. Mark Zuckerberg – CEO of Meta (Facebook) Elon Musk – CEO of Tesla. Andy Jassy – CEO of Amazon. Warren Buffett – CEO of Berkshire Hathaway.
Median chief executive officer total direct compensation (the sum of salary, short-term incentives and long-term incentives) is $425,000 for the entire survey population of family businesses. For companies with revenue below $10 million, median CEO total direct compensation is $200,000.
- Chief Executive Officer (CEO)
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The most overpaid, in their analysis, was Warner Brothers Discovery (WBD) chief David M. Zaslav, who was paid nearly a quarter billion dollars in 2022 only to deliver a five-year annualized total shareholder return of -11.6%.
- Aliko Dangote: $14 billion. ...
- Mike Adenuga: $7.3 billion. ...
- Abdulsamad Rabiu: $6.9 billion. ...
- Robert F. Smith: $6.7 billion. ...
- David Steward: $5.8 billion. ...
- Patrice Motsepe: $3.3 billion. ...
- Strive Masiyiwa: $3 billion. ...
- Oprah Winfrey: $2.6 billion.
Sloan and Adcock kick up the narrative, writing about fictional Walt Disney Pictures CEO Tom Washington, the company's first Black CEO, in a special on B.A.N.
Who is the youngest black CEO?
Lily Frilly Founder Gains Walmart Distribution as Youngest Black CEO – WWD.
Nolan Archibald became the youngest CEO of a Fortune 500 company (Black & Decker) and held that position for 24 years. Clayton Christensen recounts in his book “How Will You Measure Your Life”, an exchange Nolan had with students. Early on, he had ambitions to become a CEO.
- Suhas Gopinath (November 4, 1986 – present) ...
- Ben Kaufman (October 14, 1986 – present) ...
- David Karp (July 6, 1986 – present) ...
- Jared Hecht (March 11, 1987 – present) ...
- Evan Spiegel (June 4, 1990 – present) ...
- Ritesh Agarwal (November 16, 1993 – present) ...
- Advait Thakur (February 17, 2003 – present)
Chief Executive Officer Years | Percentages |
---|---|
40+ years | 89% |
30-40 years | 11% |
20-30 years | 0% |
In 2018, the average age of CEOs in the United States stood at 54.1 years, while the average age of CFOs was 48.9 years. Since 2005 the average age of hire for CEOs and CFOs in the United States has been trending upwards.
- Elon Musk, Tesla: $23.5 billion. ...
- Tim Cook, Apple: $770.5 million. ...
- Jensen Huang, NVIDIA, $561 million. ...
- Reed Hastings, Netflix: $453.5 million. ...
- Leonard Schleifer, Regeneron Pharmaceuticals: $452.9 million. ...
- Marc Benioff, Salesforce: $439.4 million. ...
- Satya Nadella, Microsoft: $309.4 million.
The last three years have also seen little change in Fortune 500 CEO demographics. In 2019, 85.6 percent of Fortune 500 CEOs were white men. That share rose to 86.2 percent in 2020 and was 86 percent in 2021.