Hans Vestberg Net Worth – $85 million
What are Hans Vestberg’s net worth and salary? Is Hans Vestberg married?
Introduction
Hans Vestberg, Chairman of the Board and Chief Executive Officer of Verizon Communications Inc., is a wealthy businessman and Verizon stocks owner and trader.
He has become increasingly prominent in the public eye as he led Verizon to new heights in the business world.
If you’re looking for Vestberg’s personal details, bio, family life, career history, and net worth, look no further.
We’re going to be covering each of these topics in detail, so keep reading to learn all there is to know about Hans Vestberg.
The Origin Story
Hans Vestberg was born on June 23rd, 1965, in Hudiksvall, Sweden.
After completing his childhood schooling in Hudiksvall, where he was raised by his mother and father, he attended Uppsala University in Uppsala, Sweden.
He finished with a degree in Business Administration and Economics in 1991.
Hans Vestberg and his wife attend the Ad Council’s 67th Annual Public Service Award Dinner at The Glasshouse – @Getty
Wife
Hans Vestberg is reported to be happily married with two children. He currently lives in New York City in the state of New York, USA.
Career
@Getty
As the current CEO of Verizon, Hans Vestberg has had a long and distinguished career history.
After getting his college degree in 1991, he began his career in his hometown of Hudiksvall at Ericsson Cables.
He worked there for over 25 years, fulfilling various management roles for the company in Sweden, China, Brazil, Mexico, and the United States.
While in Brazil from 2000 to 2002, he worked as CFO for North America at Ericsson, later serving as president of the company in Mexico from 2002 to 2003.
He went on to work as senior vice president and executive vice president for Ericsson before becoming chief financial officer from 2007 to 2009.
In 2009, he was promoted to CEO, leading more than 115,000 employees in their shift to a modern business model.
Vestberg left the company for Verizon in 2016 following unfavorable results for that fiscal year.
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Verizon
@Getty
His first position with Verizon was chief technology officer and executive vice president of the network and technology team.
During his time in these roles, he oversaw the company’s fiber network and the development of its internet network.
In June of 2018, it was announced that he would take Lowell McAdam’s position as Verizon’s chief executive officer.
”I am humbled to be appointed CEO of Verizon at such an exciting and dynamic time for our company,” Vestberg said at the time.
”I am confident that Hans is the right person to bring Verizon through its next chapter,” McAdam said in a press release via Verizon.
Vestberg remains in his role as CEO of Verizon to this day.
Verizon is one of the world’s largest providers of mobile networks, the company accounting for over 35 percent of the world’s network infrastructure.
The company celebrated its twentieth-anniversary last year, having been founded in June of 2000.
In the fiscal year of 2020 alone, the company generated revenues of $128.3 billion. ”Right now in the U.S., Verizon customers are making 800 million calls a day,” Vestberg declared in April 2020 for HBR.
In 2021, Verizon’s revenue was $$133.6 billion.
Vestberg said that “2021 was a transformational year for Verizon that will serve as a catalyst for us.”
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@Getty
Hans Vestberg – Net Worth 2024
So, how much is Hans Vestberg worth? Vestberg earned most of his wealth from serving as the CEO of Verizon since August 2018. He became Verizon’s chairman in March 2019. He previously worked at Ericsson. Therefore, Hans Vestberg has an estimated net worth of $85 million.
In 2022, Hans Vestberg had an estimated net worth of $70 million.
In 2019, Vestberg made $18 million, $19.1 million in 2020, and $20.3 million in 2021.
For instance, in 2021, he received $517K as pension, $14.5 million as equity, and $5.3 million as base salary.
In January 2022, it was reported that Vestberg paid $1 million for 19,000 shares of the telecom giant. He currently owns 149,764 shares. In 2022, Vestberg made $19.8 million.
FAQ
Guest, Lindsey Vonn, Guy Oseary and Hans Vestberg attend TIME100 Gala at Jazz at Lincoln Center – @Getty
What is Hans Vestberg’s salary?
He has an annual base salary of $5.3 million.
How long has Hans Vestberg worked at Verizon?
He joined the company on April 3, 2017.
What’s Hans Vestberg’s net worth?
He has a net worth of $70 million.
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