Last Updated on March 17, 2024 by Ben
Mary Barra, an American investor and businesswoman has a four-decade history with the car sector. As the first female CEO of any of the three most prominent American automakers, or “The Big 3 automakers,” Barra made history in 2014 when she was chosen CEO of General Motors. Barra was chosen as the GM Board of Directors’ Chair in 2016.
According to Forbes’ annual edition, Barra has been ranked among the world’s most powerful women since 2013, at #4 in 2021. Barra has steered General Motors toward the development of electrified and driverless vehicles. (AV). Her mission was establishing herself as a serious rival to AV manufacturers like Tesla and Alphabet.
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GM purchased the California-based AV start-up business Strobe in October 2017. In addition, GM invested significantly in Palo Alto-based Nauto, a company developing driverless cars, in the same year. Barra’s dream was realized in 2017 when GM unveiled the eagerly awaited Chevy Bolt EV, defeating Tesla in the race to build an accessible electric car with a 200-mile battery range.
What is Mary Barra’s net worth was a question we at Sophisticated Investor chose to ask in light of Mary Barra’s an enormous achievement and undeniable impact on the global scene. How many actual accomplishments this CEO has to her name has been the subject of much conjecture. Based on all the public data and private information we have access to, we have created the profile of Barra that is presented here.
It must be understood that these sums are estimates and may not accurately represent Mary Barra’s net worth. Nevertheless, we gathered all publicly available evaluations, representing a range of Barra’s fortune.
What is Mary Barra’s Net Worth?
According to research, Mary Barra’s net worth is around $200 million. According to a Securities and Exchange Commission (SEC) report, Barra earned $21.6 million in salary in 2019 alone, making him the highest-paid CEO in the automotive industry. This amount does not include bonuses or other incentives.
Also, Barra received $40.3 million in total salary in 2020, according to General Motors’ annual SEC proxy filing published in 2021.
Mary Barra Biography
Mary Barra was born in Royal Oak, Michigan, on December 24, 1961. She graduated from Kettering University with a degree in electrical engineering and acquired her MBA from Stanford University. Barra had been associated with General Motors since the tender age of 18 when she worked for a co-op program at the company. In truth, Barra is a unique example of a CEO who has worked at the same corporation.
Therefore, she has a vast working knowledge of virtually every company level and an extensive network of GM contacts. In addition to being the CEO of General Motors, Barra also sits on several boards, including the respective board of trustees for both Duke University and Stanford University, in addition to the board at the Walt Disney Company.
During the height of the COVID-19 pandemic in 2020, Barra switched the General Motors production line to mass-produce life-saving ventilators for Ventec Life Systems. Since 2013, Mary Barra has consistently been included on Forbes’ The World’s Most Powerful Women list, assuming the #4 position last year.
How Did Mary Barra Build Her Wealth?
Mary Barra primarily acquired her riches thanks to her employment at General Motors. She reportedly holds at least 1,122,883 shares of General Motors Co.
Barra has also continuously earned tens of millions of dollars in overall annual remuneration since becoming GM’s CEO in 2014.
How is Mary Barra’s Net Worth Calculated?
Ducting her obligations from her assets determines Mary Barra’s net worth. She has been the highest-paid CEO in the automobile sector for several years. According to SEC filings, Barra’s total remuneration in 2020 was $40.3 million.
However, the $200 million amount is based on estimates and might not precisely reflect Barra’s net worth.
Who Else Invests Like Mary Barra?
Different investors make investments in various ways. View the following investor profiles to compare other investors to Mary Barra:
- MacKenzie Scott
- Daymond Garfield John
- Kendra Scott
- Sara Blakely
- Kevin O’Leary
- Anne Wojcicki
- Jim Treliving
Want to Invest Like Mary Barra?
Mary Barra embodies what it means to be a self-made entrepreneur. She has spent several years advancing through the ranks of one of the most well-known American automakers. Barra now receives the highest salary of any executive in the automobile industry.
But for the typical Investor, having a net worth similar to Mary Barra’s is impossible. Despite this, self-directed IRA investments in unconventional assets like precious metals can still help you maintain a diverse portfolio. Check out our assessments of the top precious metals IRA providers to better understand your alternatives with this retirement plan.
Pros and Cons Mary Barra’s Net Worth
Pros
- Since 2014, she has been the CEO of General Motors.
- Major structural adjustments were made, which increased the company’s profitability and market share.
- Openly supports inclusion and diversity in the workplace.
Cons
- Her strategy needs to be more cautious and address room for improvement fully.
- Some claim that her responses to worker safety or product quality control concerns still need to be completed.
Final Thought – Mary Barra’s Net Worth
Mary Barra’s leadership has stabilized General Motors. Her dedication to high-quality products, worker safety, and workplace diversity are encouraging examples of corporate greatness. Despite complaints that her strategy is overly conservative, her plan for success has increased profitability and market share while preserving GM’s reputation as a prestigious worldwide brand.