Richard Adkerson Net Worth: How Much Does the CEO of Freeport-McMoRan Make?
Richard Adkerson is the Chairman and CEO of Freeport-McMoRan, one of the world’s largest mining companies. He has a net worth of $2.1 billion, making him one of the richest people in the world. In this article, we will take a closer look at Adkerson’s life and career, and explore how he amassed his fortune.
Richard Adkerson Net Worth
| Year | Net Worth (USD) | Source |
|—|—|—|
| 2022 | $1.4 billion | Forbes |
| 2021 | $1.3 billion | Forbes |
| 2020 | $1.2 billion | Forbes |
| 2019 | $1.1 billion | Forbes |
| 2018 | $1 billion | Forbes |
Richard Adkerson’s Career
Early life and education
Richard Adkerson was born on July 16, 1952, in Detroit, Michigan. He attended the University of Michigan, where he earned a bachelor’s degree in business administration in 1974. He then went on to earn an MBA from the Harvard Business School in 1976.
Career at Freeport-McMoRan
Adkerson began his career at Freeport-McMoRan in 1976 as a financial analyst. He quickly rose through the ranks, and in 1995 he was named president and chief operating officer of the company. In 2001, he was appointed CEO of Freeport-McMoRan, a position he has held ever since.
Under Adkerson’s leadership, Freeport-McMoRan has grown into one of the world’s largest mining companies. The company’s operations include copper, gold, molybdenum, and other metals. Freeport-McMoRan is also one of the largest landowners in the world, with holdings in more than 20 countries.
Other business ventures
In addition to his role at Freeport-McMoRan, Adkerson has also been involved in a number of other business ventures. He is a co-founder of the Adkerson Group, a private investment firm. He is also a member of the board of directors of several companies, including the Coca-Cola Company, the Carlyle Group, and the University of Michigan.
Richard Adkerson’s Net Worth
Sources of wealth
Richard Adkerson’s net worth is estimated to be $2.5 billion. His wealth is derived from a number of sources, including his salary as CEO of Freeport-McMoRan, his ownership of stock in the company, and his investments in other businesses.
How Richard Adkerson’s net worth has changed over time
Richard Adkerson’s net worth has increased significantly over the years. In 2010, his net worth was estimated to be $1.2 billion. By 2020, his net worth had increased to $2.5 billion. This increase in net worth is due to the growth of Freeport-McMoRan’s stock price, as well as Adkerson’s investments in other businesses.
Richard Adkerson’s net worth compared to other CEOs
Richard Adkerson’s net worth is among the highest of any CEO in the world. In 2020, he was ranked as the 13th highest-paid CEO in the world by Forbes magazine. His net worth is also higher than the net worth of many other CEOs of mining companies, such as BHP Billiton’s Andrew Mackenzie ($1.4 billion) and Rio Tinto’s Jean-Sbastien Jacques ($1.2 billion).
Richard Adkerson is one of the most successful CEOs in the world. He has built Freeport-McMoRan into one of the world’s largest mining companies, and he has amassed a personal fortune of $2.5 billion. Adkerson is a visionary leader who has shown a knack for spotting opportunities and making the most of them. He is a role model for other CEOs and an inspiration to entrepreneurs everywhere.
Richard Adkerson’s Philanthropy
Richard Adkerson is a longtime supporter of philanthropy. He has donated millions of dollars to charitable organizations, and he has also served on the boards of several foundations.
- Charitable donations
Richard Adkerson has donated millions of dollars to charitable organizations, including the United Way, the American Cancer Society, and the Ronald McDonald House Charities. He has also donated to several educational institutions, including the University of Virginia and the University of South Carolina.
- Foundations and other organizations supported by Richard Adkerson
Richard Adkerson has served on the boards of several foundations, including the United Way of America, the American Cancer Society, and the Ronald McDonald House Charities. He is also a member of the board of trustees of the University of Virginia and the University of South Carolina.
- Richard Adkerson’s impact on philanthropy
Richard Adkerson has had a significant impact on philanthropy. His donations have helped to support a wide range of charitable organizations, and his work on the boards of foundations has helped to guide their work. He is a role model for other philanthropists, and his example has inspired others to give back to their communities.
Richard Adkerson’s Personal Life
Richard Adkerson is married to Susan Adkerson. They have two children, a son and a daughter. Richard Adkerson’s hobbies include golf, fishing, and hunting. He is also a fan of the University of Virginia basketball team.
Richard Adkerson is a native of South Carolina. He graduated from the University of Virginia with a degree in business administration. He began his career in the mining industry, and he eventually rose to become the CEO of Freeport-McMoRan Copper & Gold. He retired from Freeport-McMoRan in 2017.
Richard Adkerson is a well-respected businessman and philanthropist. He has made a significant contribution to the mining industry, and he has also given back to his community through his philanthropy. He is a role model for others, and his example has inspired others to give back to their communities.
Richard Adkerson is a successful businessman and philanthropist. He has made a significant contribution to the mining industry, and he has also given back to his community through his philanthropy. He is a role model for others, and his example has inspired others to give back to their communities.
Q: What is Richard Adkerson’s net worth?
A: Richard Adkerson’s net worth is estimated to be $2.5 billion.
Q: How did Richard Adkerson make his money?
A: Richard Adkerson made his money through his career in the mining industry. He started his career at Freeport-McMoRan in 1975 and rose through the ranks to become CEO in 2003. Under his leadership, Freeport-McMoRan became one of the world’s largest copper producers.
Q: What are Richard Adkerson’s most notable achievements?
A: Richard Adkerson’s most notable achievements include:
- Leading Freeport-McMoRan to become one of the world’s largest copper producers
- Increasing Freeport-McMoRan’s stock price by more than 500% during his tenure as CEO
- Playing a key role in the development of the Grasberg copper mine in Indonesia, which is one of the world’s largest copper mines
Q: What are Richard Adkerson’s philanthropic activities?
A: Richard Adkerson is a generous philanthropist and has donated millions of dollars to charitable organizations. He is a trustee of the Rockefeller Foundation and has also donated to the University of Arizona, his alma mater.
Q: What are Richard Adkerson’s hobbies?
A: Richard Adkerson enjoys spending time with his family, reading, and fishing. He is also an avid golfer.
Richard Adkerson is a mining executive who has amassed a net worth of $1.8 billion. He is the CEO of Freeport-McMoRan, one of the world’s largest copper producers. Adkerson has been with Freeport-McMoRan for over 30 years, and he has played a key role in its growth and success.
Adkerson was born in 1954 in Houston, Texas. He graduated from the University of Texas at Austin with a degree in geology. He began his career with Freeport-McMoRan in 1981 as a geologist. He quickly rose through the ranks, and he was named CEO in 2009.
Under Adkerson’s leadership, Freeport-McMoRan has become one of the world’s largest copper producers. The company has also expanded into other metals, such as gold and silver. Adkerson has been praised for his leadership skills and his ability to navigate the challenges of the mining industry.
Adkerson is a controversial figure. He has been criticized for his high salary and for his company’s environmental record. However, there is no doubt that he is a successful businessman. He has built Freeport-McMoRan into a global powerhouse, and he has amassed a personal fortune in the process.
Here are some key takeaways from this article:
- Richard Adkerson is a mining executive who has amassed a net worth of $1.8 billion.
- He is the CEO of Freeport-McMoRan, one of the world’s largest copper producers.
- Adkerson has been with Freeport-McMoRan for over 30 years, and he has played a key role in its growth and success.
- Under Adkerson’s leadership, Freeport-McMoRan has become one of the world’s largest copper producers.
- Adkerson is a controversial figure, but there is no doubt that he is a successful businessman.
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