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Mark Parker Net Worth: A Detailed Look at the Wealth of the Nike CEO
| Category | Details |
|---|---|
| Net Worth | $250 million |
| Salary | Undisclosed |
| Birthdate | October 21, 1955 |
| Birthplace | Poughkeepsie, New York |
| Gender | Male |
| Height | Undisclosed |
| Profession | Businessman and CEO of Nike, Inc. |
| Nationality | American |
Highlights
Mark Parker, the Chief Executive Officer of Nike, Inc., has amassed a net worth of $250 million throughout his successful career. With a passion for sports and a strong business acumen, Parker has played a crucial role in shaping Nike’s success and growth over the years.
Early Life
Mark Parker was born on October 21, 1955, in Poughkeepsie, New York. He attended Penn State University, where he graduated in 1977. During his time at the university, Parker was an accomplished track athlete and even participated in the school’s track team.
Career
Parker joined Nike in 1979 as a footwear designer in Exeter, New Hampshire. His talent and dedication quickly propelled him through the ranks of the company. In 1987, Parker became Division Vice President in charge of development, followed by his appointment as Corporate Vice President in 1989 and General Manager in 1993. In 1998, he was promoted to the position of Vice President of Global Footwear.
His impressive track record and leadership skills earned him the role of co-president alongside Charlie Denson in 2001. Five years later, in 2006, Parker became the third CEO of Nike, succeeding William D. Perez. Throughout his tenure, Parker has remained involved in shoe design and has been committed to ensuring Nike’s commitment to environmental consciousness.
As CEO, Parker also reaped significant financial rewards. In 2013 alone, he earned over $15 million, which included a base salary of just over $1.5 million, restricted stock awards of just over $3.5 million, option awards of over $4 million, and non-equity incentive plan compensation of over $5.5 million.
Personal Life
Aside from his professional endeavors, Mark Parker has developed a passion for art. He is an avid collector of modern and underground contemporary art. His office features an impressive collection of artwork, which has been showcased on several occasions. However, beyond his art interests, Parker keeps his personal life relatively private.
Net Worth Over Time
Mark Parker’s net worth has significantly grown over the years. While starting with a modest salary as a footwear designer, his rise through the ranks of Nike and eventual appointment as CEO has propelled him to a personal fortune of $250 million. Through his leadership and business acumen, Parker has contributed to Nike’s success and the creation of shareholder value.
Components of Net Worth
Parker’s net worth is primarily derived from his salary and compensations as the CEO of Nike, Inc. However, it is important to note that the specific details of his salary are undisclosed. Additionally, Parker’s net worth also includes the ownership of 3 million Nike shares, which have an estimated market value of $228 million.
Disclaimer: All net worth figures mentioned in this article are based on estimates formulated using publicly available information and, when applicable, private tips and feedback received from the individuals mentioned. While every effort has been made to provide accurate and up-to-date information, these net worth figures should be treated as estimates.
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