Apart from Kenneth being a successful Lawyer and entrepreneur, he is also a great father of two and a loving husband to Kathryn. An admired public servant with a strong commitment to innovation and entrepreneurship and extensive experience in Harvard governance, Karen Gordon Mills served in President Obamas Cabinet from April 2009 through August 2013 as the administrator of the U.S. Small Business Administration. , money, salary, income, and assets. A former member of the governing boards Joint Committee on Inspection, she is also past chair of the Committee to Visit Harvard Business School, as well as a past member of the visiting committees for the then-Division of Engineering and Applied Sciences, for the Department of Chemistry and Chemical Biology, and for Information Technology. WebHis wife is Kathryn Chenault (m. 1977) Kenneth Chenault Net Worth His net worth has been growing significantly in 2021-2022. The American business executive was ushered to this world by his parents on June 2, 1951, in Mineola, New York, in the United States of America. 93, senior scholar at Princetons Woodrow Wilson School of Public and International Affairs and president emerita of Duke University and Wellesley College; William F. Lee, A.B. Chenault was inducted into the Junior Achievement U.S. Business Hall of Fame in 2002. As of March 2023, Kenneth Chenault has an estimated net worth of more than $120 million. You have entered an incorrect email address! He amassed such a large fortune as a result of his successful career as a business executive. In April 2019, he was appointed as a member of the NCAA's Board of Governors. That very year in February he joined the board of directors of Facebook. Chenault stepped down as chairman of American Express in February 2018, and was succeeded by Stephen J. Squeri. The son of a dentist and a dental hygienist, Chenault grew up on Long Island and attended the alternative Waldorf School, where he developed his first leadership skills as senior class president and as a captain of sports teams. 60, who both intend to step down this summer after 12 years of service. After joining American Express in 1981 as the director of strategic planning, Chenault quickly moved up the companys corporate ladder being promoted to vice president of Merchandise Services in 1983, executive vice president and general manager of the platinum/gold card division in 1986, president of AmEx Consumer Card and Financial Services groups in 1990, vice chairman of AmEx in 1995, president and chief operating officer in 1997, and AmEx CEO and chairman in 2001, a position he still holds today. Chenault was made a member of the NCAAs Board of Governors in 2019. Kenneth I. Chenault, J.D.76, and Karen Gordon Mills, A.B. Chenault and Mills will fill the vacancies created by the planned departures of Robert D. Reischauer, A.B. He was succeeded by Stephen J. Squeri. In 2009, he earned a total compensation of $16,617,639, which included a base salary of $1,201,923, a cash bonus of $10,450,000, an option grant of $3,985,637, and other compensation worth $980,079. In 2016, Chenault earned a total compensation of $22 million. Full Name/Real Name: In 2007, he joined the Business Roundtables Executive Committee and the Council on Foreign Relations. Mills recently resumed her role as president of MMP Group, a private equity firm based in Maine, a position she held before her time at the SBA. Chenault graduated from the Waldorf School of Garden City, where he was class president. Chenault publicly announced that he would become the managing director and chairman at General Catalyst. In 2014, he was appointed President of Harvard Corporation. We and our partners use cookies to Store and/or access information on a device. Chenaults 1977 marriage to Kathryn Cassell, an attorney with the United Negro College Fund, produced two sons, Kenneth Jr. and Kevin. Detailed information about their age and whereabouts is under review and shall be updated as soon as we receive reliable information from trustworthy sources. He is a member of the Westchester Country Club and Phi Beta Sigma fraternity. By the time of his appointment as chief operating officer and president in 1997, it was evident that Chenault would likely be chosen as American Expresss next CEO, which he was in 2001. He has American citizenship. Additionally, he is an active board member at Airbnb and Berkshire Hathaway where he replaced Bill Gates. How Do I Fill out a Z83 Form Online for Free? In 2008, amid a global credit crisis and a worldwide economic slowdown, the U.S. Federal Reserve System approved American Expresss application to become a licensed bank holding company. Discover Kenneth Chenault's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. In March 2020 it was announced that Chenault was stepping down from the Facebook board and joining the board of Berkshire Hathaway, replacing Bill Gates. He is regarded as an inspiration to aspiring young businessmen and entrepreneurs. Kenneth is an American Businessman he is also known as the third African American CEO of a Fortune 500 company. Kenneth is a The Art for Justice Fund already has the support of heavyweight art collectors like Whitney Museum chairwoman Laurie M. Tisch, American Express chairman Kenneth var ffid = 1; What is his salary? Lets Check. 76, M.P.P. This article will give you the breakdown of Kenneth Chenault Net Worth. In January 2018, Chenault announced he would become chairman and managing director of General Catalyst Partners and joined the board of directors of Airbnb. He started his career as an associate and made his way to the CEO of American Express through his hard work, dedication, and passion. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Prior to coming on board with American Express in 1981, Chenault spent two years as an associate with the corporate law firm of Rogers & Wells in New York City and two more years with the Boston consulting firm, Bain & Co. In March 2020, Chenault stepped down from the Facebook board and joined the board of Berkshire Hathaway replacing Bill Gates. He is from United States. As of 2023, His estimated net worth is around $120 million. A small donation would help us keep this available to all. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. So, how much is Kenneth Chenault worth at the age of By born He is from Mineola, New York, United States. On November 15, 2010, Old North Foundation recognized Chenault with its Third Lantern Award for individual commitment and dedication to public service. He is also the co-founder of OneTen, a coalition of leading executives coming Updates? window.ezoSTPixelAdd(slotId, 'adsensetype', 1); Kenneth Chenault (Kenneth Irvine Chenault) was born on 2 June, 1951 in Mineola, New York, United States, is an American business executive. Get a Britannica Premium subscription and gain access to exclusive content. Mills graduated from Harvard College in 1975 and from Harvard Business School, where she was a Baker Scholar, in 1977. Youll never experience a black hole, but Avi Loeb can help you imagine one. He holds American nationality but belongs to the African- American ethnicity. Chenault is 70 years oldand celebrates his birthday on June 2 every year. As the corporation CEO, Chenault received a compensation of $50,126,585 in 2007, $42,752,461 2008, and $16,617,639 in 2009 which included both his basic salary of $1,201,923, a cash bonus of $10,450,000, and an option grant of $3,985,637. In 2002, Chenault was inducted into the Junior Achievement U.S. Business Hall of Fame. You may hear that his birthday is on 2-Jun-51. Kenneth Chenault learned early on to only worry about the things he could control, this helped him when lifeand business at American Expressthrew unpredictable events his way. We have also added the favorite personalities and things in the section. In 1995, he was included in the list of one of 50 living pioneers in the African-American community. In addition to President Faust, the current Corporation members include Lawrence S. Bacow, J.D. A gregarious woman, lover of church and song, Anne N. Chenault also was a stickler for etiquette and good behavior. His father passed the New York State dental exam with the highest score ever recorded, which was not broken till 2014. Romneys assessment of Chenault is borne out in Chenaults rise through the American Express corporate structure. Beginning in 2007, he served on the Executive Committee of the Business Roundtable and a member of the Council on Foreign Relations. Kenneth Irvine Chenault and Wife at President Barack Obama's Second State Dinner, May 2010. Kenneth has also served as the CEO and chairman of American Express from 2001 until 2018. At the same time, he served at WayUp as an Enterprise Account Executive and at Global Infrastructure Partners as an Associate. In 2009, he earned a total compensation of $16,617,639, which included a base salary of $1,201,923, a cash bonus of $10,450,000, an option grant of $3,985,637, and other compensation worth $980,079. Kenneth Chenault: Real Name/Full Name: Kenneth Irvine Chenault: Gender: Male: Age: 71 years old: Birth Date: 2 June 1951: Birth Place: Mineola, New York, United The following year, he earned a total compensation of $10 million with a base salary of $2 million, a cash bonus of $1 million, and an option grant of $3 million. Additionally, he has worked with numerous nonprofit organizations, including the Business Roundtable, the Council on Foreign Relations, the National September 11 Memorial & Museum, Bloomberg Philanthropies, and the Smithsonian Institutions Advisory Council for the National Museum of African American History and Culture where he served as chairman. Age: Currently, he serves as the chairman and managing director of General Catalyst since January 2018. Ken Chenault was interviewed by The HistoryMakers on November 3, 2018. His father was a dentist and hygienist who attended Morehouse College and Howard University Dental School. After graduating from Waldorf, he enrolled for his B.A degree in history from Bowdoin College in 1973. Chenault also made a significant part of his wealth by serving on the boards of several multinational companies like Facebook, IBM, Procter & Gamble, Berkshire Hathaway, and many more. Joel Schiffman is a renowned American Entrepreneur and Financier. Kenneth Chenault is one of the most renowned businessmen in the world. She is a member of the Committee on University Resources, and was honored with Harvard Business Schools Alumni Achievement Award in 2011. The faculty, students, and staff are dedicatedto academic excellence and to making lasting contributions to the world in which we live. Chenault was captain of the track and basketball teams. But within those results, there are some recurring results you would find in the list. Im honored to be returning to Harvard and joining the Corporation, said Chenault. Amancio Ortega is a renowned Spanish Businessman. Therefore, Chenault is 70 years old. The lovely couple has been in marriage since they tied their knot in 1977, in the United States of America. 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They write new content and verify and edit content received from contributors. ins.style.width = '100%'; Save my name, email, and website in this browser for the next time I comment. Chenaults 1977 marriage to Kathryn Cassell, an attorney with the United Negro College Fund, produced two sons, Kenneth Jr. and Kevin. On February 6, 2017, Chenault was named Chair of the Advisory Council for the Smithsonian's National Museum of African American History and Culture. in history in 1973. Former Sales Executive at Reachlocal Brazil.4. The Old North Foundation presented him with the Third Lantern Award for individual commitment and dedication to public service in 2010. In this writing, we have added the Sachin Bansal's age, height, weight, net worth, girlfriend/affairs. Under his leadership, American Express has advanced its position as one of the worlds most prominent global services companies. In his early years with the company, Chenault revived its Merchandise Services division by replacing cheap goods with finer offerings such as durable luggage and personal accessories. She has served on the boards of Scotts Miracle-Gro, Arrow Electronics, Guardian Insurance, Latina Media Ventures, and Annies Homegrown. Personal Life: Dating, Girlfriends, Wife, Kids, Net Worth, Salary & Earnings of Kenneth Chenault in 2023, Angelica Hale Net Worth 2023, Age, Height, Weight, Biography, Wiki and Career Details, Malcolm Nance Net Worth 2023, Age, Height, Weight, Biography, Wiki and Career Details, Chrissy Metz Net Worth 2023, Age, Height, Weight, Biography, Wiki and Career Details. Hand-picked by his American Express predecessor, CEO Harvey Golub, to lead the company upon Golubs retirement, Kenneth Chenault is an attorney and the CEO and chairman of American Express. Fill the vacancies created by the planned departures of Robert D. Reischauer, A.B, Jr.! 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