Citigroup CEO Jane Fraser's Net Worth: The Woman Who Broke The Glass Ceiling!
Citigroup CEO Jane Fraser's Net Worth: The Woman Who Broke The Glass Ceiling!
Jane Fraser, the first woman to lead a major Wall Street bank, has made significant strides in the financial industry. As the Chief Executive Officer (CEO) of Citigroup, her leadership has been instrumental in navigating the bank through various challenges and transformations. This article explores her net worth, career, personal life, and real estate holdings.
Net Worth
As of January 2025, estimates of Jane Fraser's net worth vary. Her net worth is at least $8 million, primarily derived from her ownership of approximately 109,665 shares of Citigroup Inc., valued at over $9 million.
In contrast, Benzinga reports her net worth at approximately $51.6 million, based on reported shares in Citigroup Inc.
These discrepancies highlight the challenges in pinpointing an exact figure, as net worth assessments often depend on various factors, including stock valuations and private assets.
Career
Jane Fraser's career spans over three decades, marked by her ascent to the pinnacle of the banking industry. Born in 1967 in St. Andrews, Scotland, Fraser pursued her education at Girton College, Cambridge, earning a degree in economics. She later obtained an MBA from Harvard Business School.
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Fraser began her professional journey at McKinsey & Company, where she worked in the financial services sector. In 2004, she joined Citigroup, initially focusing on the bank's Latin American operations. Over the years, she held various leadership positions, including CEO of Citigroup's Latin American business and CEO of Citigroup's Global Consumer Banking division. In 2020, she was named CEO of Citigroup, becoming the first woman to lead a major Wall Street bank.
Under Fraser's leadership, Citigroup has undertaken significant restructuring efforts to streamline operations and focus on core businesses. In 2023, she received a 6% pay increase, bringing her total compensation to $26 million, despite the bank's profits dropping by 38% that year.
Personal Life
Jane Fraser is married to Richard Thompson, a former executive at McKinsey & Company. The couple has two children. Fraser is known for her commitment to diversity and inclusion within the financial industry and has been recognized for her efforts to break the glass ceiling in banking.
Beyond her professional commitments, Fraser serves on the boards of several organizations, including the Partnership for New York City and the Council on Foreign Relations. She is also a member of the Business Roundtable, an association of CEOs of leading U.S. companies.
Real Estate Holdings
Information regarding Jane Fraser's real estate investments is limited. However, it is known that she resides in New York City, where Citigroup is headquartered. Details about additional properties or investments are not publicly disclosed, reflecting her preference for privacy in personal matters.
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Jane Fraser's journey from a Scottish economist to the CEO of Citigroup exemplifies a blend of strategic insight, resilience, and leadership. Her substantial net worth, built through decades of dedication to the financial industry, mirrors her professional achievements. Balancing a demanding career with a private personal life, Fraser remains a pivotal figure in global finance, with her decisions and leadership style continuing to influence the industry.
