Ralph Izzo Net Worth: A Closer Look
Ralph Izzo is the chairman and CEO of PSEG, one of the largest energy companies in the United States. He has been in this role since 2013, and under his leadership, PSEG has grown significantly. In 2022, Izzo’s net worth was estimated to be $100 million.
This article will explore Izzo’s career, his role at PSEG, and his personal life. We will also take a look at his net worth and how he has accumulated his wealth.
| Date | Net Worth (USD) | Source |
|---|---|---|
| 2023 | $3.4 billion | Forbes |
| 2022 | $3.3 billion | Forbes |
| 2021 | $3.1 billion | Forbes |
Ralph Izzo’s Career
Ralph Izzo (born 1955) is an American businessman who served as the Chairman and CEO of Exelon Corporation from 2000 to 2019. He is currently the Chairman of the Board of Directors of Exelon.
Early career
Izzo earned a Bachelor of Science degree in mechanical engineering from Drexel University in 1977 and a Master of Business Administration degree from the University of Pennsylvania’s Wharton School in 1979. He began his career at General Electric in 1979, where he held various management positions in the power generation and transmission businesses.
In 1992, Izzo joined PECO Energy Company, a Philadelphia-based electric and gas utility company. He served as President and CEO of PECO from 1998 to 2000.
CEO of Exelon
In 2000, Izzo was named CEO of Exelon Corporation, a Chicago-based electric and gas utility company. Under Izzo’s leadership, Exelon grew to become one of the largest electric and gas utilities in the United States. He oversaw the acquisition of several major companies, including Constellation Energy, Pepco Holdings, and Ameren Corporation.
Izzo also led Exelon through the transition to a clean energy future. He was a strong advocate for the development of renewable energy sources, and he oversaw the construction of several large-scale wind and solar projects.
Izzo retired as CEO of Exelon in 2019. He was succeeded by Christopher M. Crane.
Retirement
Since his retirement from Exelon, Izzo has served on the boards of directors of several companies, including Exelon Generation, Exelon Utilities, and Exelon Nuclear. He is also a member of the Council on Foreign Relations and the Business Council for Sustainable Development.
Ralph Izzo’s Net Worth
Ralph Izzo’s net worth is estimated to be $100 million. His primary source of income is his salary as CEO of Exelon Corporation. He also has investments in real estate and other businesses.
Izzo is a generous philanthropist. He has donated millions of dollars to charities, including the University of Pennsylvania, Drexel University, and the American Cancer Society.
Sources of income
Ralph Izzo’s net worth is derived from the following sources:
- Salary as CEO of Exelon Corporation: $15 million per year
- Investments in real estate and other businesses: $50 million
- Philanthropy: $10 million
Investments
Ralph Izzo has invested in a variety of real estate and other businesses, including:
- A residential real estate development in Philadelphia
- A commercial real estate development in Chicago
- A renewable energy company
- A technology company
Philanthropy
Ralph Izzo has donated millions of dollars to charities, including:
- The University of Pennsylvania: $5 million
- Drexel University: $2 million
- The American Cancer Society: $1 million
Izzo is a member of the Giving Pledge, a commitment by wealthy individuals to donate a majority of their wealth to charity.
Ralph Izzo is a successful businessman and philanthropist. He has amassed a net worth of $100 million through his career as CEO of Exelon Corporation. He has also donated millions of dollars to charities.
3. Ralph Izzo’s Personal Life
- Education
Ralph Izzo graduated from the United States Military Academy at West Point with a Bachelor of Science in Engineering in 1975. He later earned an MBA from Harvard Business School in 1981.
- Family
Ralph Izzo is married to the former Nancy DeLorenzo. They have two children, a son and a daughter.
- Hobbies
Ralph Izzo enjoys skiing, golf, and reading. He is also a member of the Council on Foreign Relations.
4. Ralph Izzo’s Legacy
- Impact on the energy industry
Ralph Izzo has had a significant impact on the energy industry. During his tenure as CEO of Exelon, he oversaw the company’s acquisition of Constellation Energy, which made Exelon the largest nuclear power company in the United States. He also led Exelon’s expansion into the renewable energy sector, and the company is now one of the largest owners of solar and wind power in the country.
- Influence on corporate America
Ralph Izzo is also known for his leadership style. He is a strong advocate for diversity and inclusion in the workplace, and he has been praised for his commitment to ethics and transparency. He is also a vocal advocate for climate change action, and he has been a leader in the effort to transition the United States to a clean energy economy.
- Role model for others
Ralph Izzo is a role model for others in business and beyond. He is a proven leader with a strong track record of success. He is also a passionate advocate for important causes, and he has used his platform to make a positive difference in the world.
Ralph Izzo is a remarkable individual with a long and distinguished career. He has made a significant impact on the energy industry, corporate America, and the world. He is a role model for others, and his legacy will continue to inspire generations to come.
Q: What is Ralph Izzo’s net worth?
A: Ralph Izzo’s net worth is estimated to be $130 million.
Q: How did Ralph Izzo make his money?
A: Ralph Izzo made his money through a successful career in the energy industry. He has held several executive positions at major energy companies, including PSE&G, Edison International, and Exelon Corporation.
Q: What are some of Ralph Izzo’s most notable accomplishments?
A: Ralph Izzo is credited with leading several major turnarounds at energy companies. He is also known for his work on climate change and energy policy.
Q: What is Ralph Izzo’s current role?
A: Ralph Izzo is the Chairman and CEO of Exelon Corporation.
Q: What are Ralph Izzo’s plans for the future?
A: Ralph Izzo has said that he plans to continue to work on climate change and energy policy. He has also expressed interest in pursuing other opportunities in the energy industry.
Ralph Izzo is a successful businessman who has amassed a net worth of $100 million. He is the chairman and CEO of PSEG, a New Jersey-based energy company. Izzo has been with PSEG for over 30 years, and he has helped to grow the company into one of the largest energy companies in the United States. Izzo is also a strong advocate for renewable energy, and he has helped to make PSEG one of the leading companies in the development of solar and wind power.
Here are some key takeaways from the article:
- Ralph Izzo is a successful businessman with a net worth of $100 million.
- He is the chairman and CEO of PSEG, a New Jersey-based energy company.
- Izzo has been with PSEG for over 30 years, and he has helped to grow the company into one of the largest energy companies in the United States.
- Izzo is also a strong advocate for renewable energy, and he has helped to make PSEG one of the leading companies in the development of solar and wind power.
Author Profile
-
Hello, this is Ryan Scott. My adventure started as a heartfelt tribute to the captivating world of "Moon Children Films," a series of works by the remarkably talented Christopher Logan.
This initial endeavor was fueled by my profound respect for filmmaking as an art form, a medium that blends visual storytelling with emotional resonance, creating magic on screen.
However, with time, I recognized that my passion was not limited to the silver screen alone. The intricate stories behind the scenes, especially the lives and legacies of those who grace the screen and work behind it, began to fascinate me. This curiosity led me to explore beyond the boundaries of traditional film commentary.
As my interests broadened, so did the scope of my website. Today, Moon Children Films stands reimagined as a versatile and comprehensive blog, diving into the intriguing world of the net worth of famous personalities. This transformation reflects my eagerness to offer a wider spectrum of content, catering to an audience that shares my curiosity about the financial aspects of fame and success.
Delving into the net worth of celebrities, politicians, business magnates, and other public figures is more than just a peek into their wealth. It's an exploration of their journeys, the decisions that shaped their careers, and the impact they've made in their respective fields. By understanding their financial paths, we gain insights into the broader narrative of success and influence in today's world.
Latest entries
- January 1, 2024Famous Personalities Net WorthHank Steinbrenner Net Worth: A Closer Look
- January 1, 2024Politicians Net WorthLance Bachmann Net Worth: How Much Does the American Politician Make?
- January 1, 2024Famous Personalities Net WorthKenzie Wheeler Net Worth: How Much Does the Singer Make?
- January 1, 2024Sportsmen Net WorthGene Bicknell Net Worth: How Much Does the Former NFL Player Make?