John Hammergren Net Worth: A Closer Look
John Hammergren Net Worth: A Closer Look
John Hammergren is the former CEO of McKesson Corporation, a global healthcare company. He has a net worth of $1.3 billion. Hammergren was born in 1957 in Minneapolis, Minnesota. He graduated from the University of Minnesota with a degree in business administration. He began his career at McKesson in 1980. He rose through the ranks and became CEO in 2001.
Under Hammergren’s leadership, McKesson grew significantly. The company acquired several other healthcare companies, and its stock price increased significantly. Hammergren retired from McKesson in 2019. He is now a private investor.
Hammergren is a controversial figure. He has been criticized for his high salary and for the company’s role in the opioid crisis. However, he is also credited with making McKesson a global leader in healthcare.
In this article, we will take a closer look at John Hammergren’s net worth. We will discuss his career, his investments, and his philanthropy. We will also explore the controversy surrounding his tenure at McKesson.
| John Hammergren Net Worth | Year | Source |
|—|—|—|
| $1.1 billion | 2023 | Forbes |
| $1.0 billion | 2022 | Forbes |
| $950 million | 2021 | Forbes |
John Hammergren’s Career
Early years
John Hammergren was born in 1952 in Minneapolis, Minnesota. He attended the University of Minnesota, where he earned a degree in business administration. After graduating, he began his career at the accounting firm Arthur Andersen.
CEO of McKesson
In 1999, Hammergren was named CEO of McKesson Corporation, a leading provider of healthcare products and services. Under his leadership, McKesson grew significantly, and he was credited with transforming the company into a global leader.
Retirement
Hammergren retired from McKesson in 2019. He currently serves as chairman of the board of directors of the company.
John Hammergren’s Net Worth
Sources of wealth
John Hammergren’s net worth is estimated to be $2.5 billion. His wealth is derived from his ownership of McKesson stock and from his other business interests.
Philanthropy
John Hammergren is a generous philanthropist. He has donated millions of dollars to charitable causes, including education, healthcare, and the arts. He is also a trustee of the University of Minnesota and the Mayo Clinic.
John Hammergren is a successful businessman and philanthropist. He has made a significant impact on the healthcare industry and has given back to his community through his philanthropy.
Controversies Surrounding John Hammergren
John Hammergren has been the CEO of McKesson Corporation since 2001. During his tenure, the company has faced a number of controversies, including:
- McKesson’s role in the opioid crisis. McKesson has been accused of contributing to the opioid crisis by distributing large quantities of opioids to pharmacies that were known to be selling them illegally. In 2017, the company agreed to pay $150 million to settle a lawsuit filed by the state of California over its role in the crisis.
- Hammergren’s compensation. Hammergren has been criticized for his high salary and bonuses, which have been seen as excessive given the company’s financial performance. In 2017, Hammergren’s total compensation was $131 million, which was more than the combined compensation of the CEOs of the five largest healthcare companies in the United States.
John Hammergren’s Legacy
John Hammergren has had a significant impact on the healthcare industry. During his tenure as CEO of McKesson, the company has grown significantly and become one of the largest healthcare companies in the world. Hammergren has also been a vocal advocate for healthcare reform and has been involved in a number of initiatives to improve the healthcare system.
In addition to his work at McKesson, Hammergren has also served on the boards of directors of several other companies, including UnitedHealth Group and the Mayo Clinic. He has also been a member of the President’s Council on Jobs and Competitiveness and the National Economic Council.
Hammergren’s legacy is likely to be one of a successful businessman who has made a significant impact on the healthcare industry. He has also been a controversial figure, however, and his high salary and role in the opioid crisis have drawn criticism.
John Hammergren is a complex and controversial figure. He has been a successful businessman and has made a significant impact on the healthcare industry. However, he has also been criticized for his high salary and his role in the opioid crisis. Ultimately, Hammergren’s legacy will be determined by how history judges his contributions to the healthcare industry.
Q: What is John Hammergren’s net worth?
A: John Hammergren’s net worth is estimated to be $2.5 billion.
Q: How did John Hammergren make his money?
A: John Hammergren made his money through his career in the healthcare industry. He is the former CEO of McKesson Corporation, a global healthcare company.
Q: What are some of John Hammergren’s accomplishments?
A: John Hammergren’s accomplishments include:
- Leading McKesson Corporation to become one of the largest healthcare companies in the world
- Increasing McKesson Corporation’s revenue from $10 billion to $250 billion
- Making McKesson Corporation the first healthcare company to be named to the Fortune 500 list
Q: What are John Hammergren’s philanthropic activities?
A: John Hammergren is a major philanthropist. He has donated millions of dollars to various causes, including education, healthcare, and the arts.
Q: What is John Hammergren’s current status?
A: John Hammergren is currently retired. He lives in San Francisco, California with his wife and two children.
John Hammergren is a successful businessman who has held several leadership positions in the healthcare industry. He is currently the CEO of McKesson Corporation, one of the largest healthcare companies in the world. Hammergren has a net worth of $2.3 billion, and he has been recognized for his philanthropy and commitment to social causes.
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