Hubert Joly Net Worth: A Closer Look
Hubert Joly is a French-American businessman who has served as the CEO of Best Buy since 2012. Under his leadership, Best Buy has seen a turnaround in its fortunes, with sales and profits increasing significantly. Joly is also known for his focus on innovation and customer service. In this article, we will take a closer look at Hubert Joly’s net worth, his career, and his impact on Best Buy.
| Name | Net Worth | Source |
|—|—|—|
| Hubert Joly | $150 million | Forbes |
| Hubert Joly Education | MBA, Harvard Business School |
| Hubert Joly Occupation | CEO, Best Buy |
Hubert Joly’s Career
Hubert Joly’s Early Career
Hubert Joly was born in France in 1955. He earned a degree in engineering from the cole Polytechnique in Paris and a master’s degree in business administration from INSEAD.
Joly began his career at McKinsey & Company, where he worked as a consultant for five years. He then joined Vivendi Universal, where he held various leadership positions over the course of 12 years.
In 2009, Joly was appointed CEO of Best Buy. He led the company through a period of financial difficulty, and by the time he left in 2015, Best Buy was once again profitable.
Hubert Joly’s Time at Best Buy
Hubert Joly joined Best Buy in 2009 at a time when the company was struggling financially. The company had lost market share to online retailers, and its sales were declining.
Joly immediately set about turning the company around. He closed unprofitable stores, cut costs, and invested in new marketing initiatives. He also introduced a new customer loyalty program and launched a number of new products and services.
As a result of Joly’s efforts, Best Buy returned to profitability in 2012. The company’s sales continued to grow, and its stock price increased significantly.
Joly left Best Buy in 2015 to become CEO of Gap.
Hubert Joly’s Time at Gap
Hubert Joly joined Gap in 2015 at a time when the company was also struggling financially. The company’s sales were declining, and its stock price was down.
Joly immediately set about turning the company around. He closed unprofitable stores, cut costs, and invested in new marketing initiatives. He also introduced a new customer loyalty program and launched a number of new products and services.
As a result of Joly’s efforts, Gap returned to profitability in 2017. The company’s sales continued to grow, and its stock price increased significantly.
Joly left Gap in 2020 to become CEO of Airbnb.
Hubert Joly’s Current Role at Airbnb
Hubert Joly joined Airbnb in 2020 as CEO. The company was facing a number of challenges at the time, including the COVID-19 pandemic.
Joly immediately set about turning the company around. He closed unprofitable properties, cut costs, and invested in new marketing initiatives. He also introduced a new customer loyalty program and launched a number of new products and services.
As a result of Joly’s efforts, Airbnb has returned to profitability. The company’s sales have continued to grow, and its stock price has increased significantly.
Hubert Joly’s Net Worth
Hubert Joly’s Salary at Best Buy
Hubert Joly’s salary at Best Buy was $15 million per year. He also received a bonus of $2 million per year and stock options worth $10 million.
Hubert Joly’s Salary at Gap
Hubert Joly’s salary at Gap was $17 million per year. He also received a bonus of $3 million per year and stock options worth $12 million.
Hubert Joly’s Salary at Airbnb
Hubert Joly’s salary at Airbnb is $20 million per year. He also receives a bonus of $4 million per year and stock options worth $15 million.
Hubert Joly’s Other Sources of Income
In addition to his salary and bonuses, Hubert Joly also earns money from speaking engagements and consulting work. He is also a co-founder of the venture capital firm Felix Capital.
Hubert Joly’s net worth is estimated to be $100 million.
Hubert Joly’s Philanthropy
Hubert Joly is a long-time philanthropist who has donated millions of dollars to charitable causes. He has also been involved with several nonprofit organizations, including the United Way, the American Cancer Society, and the Ronald McDonald House Charities.
- Hubert Joly’s charitable donations
Hubert Joly has donated millions of dollars to charitable causes over the years. In 2017, he donated $1 million to the United Way of Greater New York. In 2018, he donated $500,000 to the American Cancer Society. In 2019, he donated $250,000 to the Ronald McDonald House Charities.
- Hubert Joly’s involvement with nonprofit organizations
In addition to his financial donations, Hubert Joly has also been involved with several nonprofit organizations. He is a member of the board of directors of the United Way of Greater New York and the American Cancer Society. He is also a trustee of the Ronald McDonald House Charities.
- Hubert Joly’s legacy
Hubert Joly’s philanthropy has made a significant impact on the lives of many people. His donations have helped to fund research for cures for cancer and other diseases, provided support for families of cancer patients, and provided a safe and comfortable place for families to stay while their children are being treated at hospitals.
Hubert Joly is an inspiration to others and his philanthropy is a reminder that even small acts of kindness can make a big difference.
Hubert Joly’s Personal Life
Hubert Joly is married to his wife, Marie-Claude. They have two children, a son and a daughter. Hubert Joly enjoys spending time with his family, reading, and playing tennis. He is also an avid golfer.
Hubert Joly is a native of France. He moved to the United States to attend Harvard Business School. After graduating from Harvard, he began his career in the hospitality industry. He worked for several different companies before being named CEO of Best Buy in 2012.
Hubert Joly is a successful businessman and a dedicated philanthropist. He is also a loving husband and father. He is an inspiration to others and his story is a reminder that anyone can achieve their dreams if they work hard and never give up.
Hubert Joly is a remarkable man who has achieved great success in both his personal and professional life. He is a dedicated philanthropist who has made a significant impact on the lives of many people. He is an inspiration to others and his story is a reminder that anyone can achieve their dreams if they work hard and never give up.
Q: What is Hubert Joly’s net worth?
A: Hubert Joly’s net worth is estimated to be $120 million.
Q: How did Hubert Joly make his money?
A: Hubert Joly made his money through a successful career in business. He has held leadership positions at several major companies, including Best Buy and Gap.
Q: What is Hubert Joly’s current position?
A: Hubert Joly is currently the CEO of Best Buy.
Q: What are Hubert Joly’s philanthropic interests?
A: Hubert Joly is a strong supporter of education and the arts. He is a member of the board of directors of the Juilliard School and the San Francisco Museum of Modern Art.
Q: What is Hubert Joly’s legacy?
A: Hubert Joly is widely regarded as a visionary leader who has helped to transform several major companies. He is an inspiration to entrepreneurs and business leaders around the world.
Hubert Joly is a successful businessman who has held leadership positions at several major companies. He is currently the CEO of Best Buy, and has been credited with turning the company around after years of financial struggles. Joly has a net worth of $100 million, and is known for his leadership style, which emphasizes employee engagement and customer service.
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