John Stumpf Net Worth: is $55 Million
What is John Stumpf net worth? And Who is John Stumpf?
Former Wells Fargo CEO John Gerard Stumpf hit the headlines in January 2020 when he and others were banned forever from the U.S banking industry and ordered to pay around $17 million. This came as a result of numerous scandals during his tenure in the firm. Today John Stumpf though he has been banned from ever working in the banking sector again in his life, must have made a lot of money since he was a chairman, chief executive office, a president and a board director of Well Fargo, which is one of the big four banks of the United States. We will look to reveal John Stumpf’s net worth and a thing or two about his personal life.
John Stumpf Quick Biography
John Stumpf Real Name: John Gerard Stumpf
John Stumpf Age: 69
John Stumpf Date of Birth: born September 15, 1953
John Stumpf Nationality: American
Height : 1.82 m
Celebrity Net worth in 2022: $55 million
How old is John Stumpf ? Age, Height, Weight & Body Measurement
Having been born on September 15th 1953 John Stumpf is 70 years old as of the day of writing. He has a height of 1.82 metres and weighs about 79 kilograms. On his body measurements we have no data on that at the moment.
John Stumpf Education, School/College University
Academically John Stumpf was a below-average student since he graduated in the bottom half of his high school class. These low grades and the struggle with finances made him to join Pierz bakery, where he was employed as a bread maker. After a year, he enrolled in St. Cloud State University on a provisional basis. He earned his bachelor’s degree in finance after three years and enrolled at the University of Minnesota Carlson School of management, where he earned his MBA.
John Stumpf Parents, Siblings, Nationality, Ethnicity, Religion & Political Views
John Gerard Stumpf was born in 1953 and hails from Pierz Minnesota USA. The man grew up among his ten siblings in a farm. The father who was of German ancestry was a dairy farmer while the mother who was of Polish descent was a dairy farmer as well. The family followed the Catholic beliefs and life growing up wasn’t easy.
Is John Stumpf Married? Relationship, Dating, Affair, Girlfriend, Wife, Children
John Stumpf is a married man and his wife is Ruth Spanier . On children we are not aware whether he has kids or not since much of his private life has not come out to the limelight.
John Stumpf Professional Life and Career
Stumpf career in the banking sector started in his early days when he obtained a job at the First Bank as a repossession agent. He would later join the Northwestern National Bank in 1982, where he became a loan administrator and thereafter a senior vice president and finally the chief credit officer of Norwest Bank N.A. He went ahead to hold several crucial positions at the Norwest Bank located in Minnesota and the Norwest Bank located in Minneapolis before joining Norwest Bank Arizona in 1989.
After joining the Norwest Bank Arizona in 1989, he became the president in 1991 and took the position until 1994. In 1998 he was appointed the regional president for Norwest Bank in Texas.
After the Norwest bank merged with Wells Fargo in 1998, Stumpf became the head of Wells Fargo Southwestern Banking Group, which comprised Texas, Arizona, and New Mexico. After two years as the head of this southwestern group, he was elevated to be the head of western banking group which was comprised of Idaho,
Arizona, Texas, Wyoming, Oregon, Nevada, New Mexico, Washington, Nevada, and Colorado.
In 2007 he became the CEO of Wells Fargo and its chairman in 2010. He would make around $22.87 million as compensation and a salary of $2.8 million to $3.3 million.
He resigned from Wells Fargo in 2016 after the company was fined by the Consumer Financial Protection Bureau $100 million and $50 million by the office of the Controller of Currency, and $35 million by the city of Los Angeles. This came as a result of fraudulently opening two million checking accounts and credit card bank accounts with no consent from its customers.
John Stumpf Awards & Nominations
Having rose from a credit officer to the CEO and the Chairman of Well Fargo that alone is an achievement. However all these gains have been watered down by the 2016 scandal which saw him resign and leave Well Fargo.
John Stumpf Net Worth, Income & Salary
John Stumpf net worth as of today is estimated to be around $55 million. Stumpf wealth has been made through his career in the banking sector, where he rose through the ranks to be the banks Chief Executive Officer and finally the Chairman of Wells Fargo. At the time of his resignation, he had made $130 million as compensation. However, due to fines, he had to pay for his misconduct and role in the 2016 Well Fargo scandal. John stumpf net worth is today estimated to be $55 million.
John Stumpf Rumors and Controversy/Scandal
John Stumpf the former CEO of Wells Fargo was fined $17 million and also banned from ever working in the banking sector again by the US government for the scandals that occurred during his tenure as the CEO.
John Stumpf on Social Media: Facebook, Twitter, Instagram etc.
John Stumpf Facebook page has around unknown number of fan likes, and his Twitter account has unknown number of followers. On John Stumpf Instagram account, he has unknown followers while on YouTube, John Stumpf has unknown subscribers.
Looking at John stumpf net worth today and looking back from where he started we would say the future is bright for everyone if you set your goals and objectives right. This is a real story of rags to riches in the most unthinkable way.Read more celebrities here.