Are you curious to know about Mary Barra net worth in 2023? If yes, you have stumbled upon the right article
Mary Barra has greatly improved the sector’s leadership and finances with her admirable work as General Motors’ Chairman and CEO.
This article will provide you with all the information about Mary Barra’s personal life, such as her net worth, biography, success story, and more.
So, without further ado, let’s get started
Mary Barra Net Worth 2023
Mary Barra, a well-known figure in business, has experienced changes in her net worth over time. Her estimated net worth, as of 2023, is at least $39 million, largely due to her holding of 1,122,883 General Motors Co (GM) stock worth over $37 million.
Mary’s estimated net worth in April 2021 was $165 million. This value demonstrates the fluid financial environment, as different events can affect these numbers.
Remembering that stock market trends, other investments, and company performance can impact net worth calculations is critical.
Lastly, Mary Barra’s financial journey, entwined with her stellar career at General Motors, tells a tale of tenacity, strategic choices, and market dynamics.
Barra’s net worth will probably continue to be a hot topic of conversation as GM navigates the opportunities and difficulties presented by the automotive sector.
Mary Barra Salary and Earnings
Mary Barra salary plays a major role in her increasing net worth. She received more money in 2022 than just her base pay. She received a $2.1 million base pay.
She also received performance bonuses of $1.2 million, stock options for $12.14 million, and options awards worth $3.5 million.
Over time, Barra’s earnings have increased noticeably. She made $29.1 million in 2021, a 23% increase from the $23.6 million she brought in 2020. This consistent rise underlines her rising importance to General Motors.
Mary Barra Biography and Early Life
Mary Teresa Barra
|Known as||Mary Barra|
|Date of birth||December 24, 1961|
|Place of birth||
Royal Oak, Michigan, United States
|Father’s name||Ray Makela|
|Mother’s name||Eva Makela|
Chief Executive Officer of General Motors
In December 1961, Mary Barra was born in Royal Oak, Michigan. She leads General Motors as CEO and Chairwoman. In 2014, Barra was appointed CEO, making her the first female CEO of a significant global automaker.
Her appointment as Dan Akerson’s replacement in 2013. In the past, Barra served as General Motors’ Executive Vice President of Global Product Development, Purchasing, and Supply Chain.
When Mary was at Kettering University, She met Tony Barra, a consultant she later married. Nicholas Barra and Rachel Barra are their two kids. They reside in Northville, a Detroit suburb.
Mary Barra has also served on the boards of Disney and the Trustees of Stanford University. She began working at GM as a co-op student when she was just 18 years old, and by 2008, she was the Vice President of Global Manufacturing Engineering.
She then rose to the position of Vice President of Global Human Resources. Mary Barra ranked first on Fortune’s list of the most powerful women in 2017.
Role at General Motors and Stock Holdings
Mary Barra built her massive net worth from General Motors Co. as she is the Chairman and CEO of the company and now owns 1,122,883 shares of the business. These shares are valued at an astounding $37 million as of September 2023.
She also makes a good living from her job at the corporation, ranking her among the highest earners in the automotive industry.
GM’s efforts to reduce costs and produce more electric vehicles have hurt the company’s finances. Despite being intended for long-term growth, such strategic decisions may impact stock prices and, as a result, the net worth of significant stakeholders like Mary Barra.
Achievements beyond General Motors
When Mary Barra was 18, she began working for GM as a co-op student in 1980. Her initial position at a Pontiac plant in Detroit involved examining hoods and evaluating fender panels. Her years of experience have culminated in her current leadership position.
In addition to a successful career in GM, Mary Barra has won various awards and honors for her accomplishments and efforts, including:
Being listed by Forbes magazine as one of the Most Powerful Women in the World for seven consecutive years (2014–2020). In 2020, she was ranked first.
Having been named one of Fortune magazine’s World’s Greatest Leaders for four years (2015–2018). In 2018, she came in second.
Mary Barra Business
Her early association with General Motors began when she entered the GM Institute at 18. GM announced in December 2013 that Mary Barra would take over as CEO of the corporation on January 15, 2014, replacing Daniel Akerson.
She became the fifth CEO of GM in six years and the first female CEO of one of the “Big Three” automakers.
She became the first individual to hold both posts concurrently at GM in January 2016, when she also took on the additional role of board chair for GM.
GM has accomplished several landmarks and received numerous awards under Mary Barra’s direction.
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General Motors CEO Mary Barra has outlined a clear strategy for the future of the business with an emphasis on the company’s leadership in EV profits.
A partnership between General Motors and Tesla was recently revealed. This collaboration, announced during a Twitter Spaces broadcast featuring Mary Barra and Elon Musk, demonstrates GM’s intention to expand its electric vehicle business.
Mary Barra Education
Mary earned a bachelor’s degree in electrical engineering from Kettering University (formerly General Motors Institute) in 1985.
After receiving a GM fellowship, she enrolled at Stanford Graduate School of Business, where she graduated with an MBA in 1990.
What is Mary Barra Net worth?
As of 2023 estimation, Mary Barra has a net worth of $39 Million
What was Mary Barra’s base pay in 2022?
She received a basic salary of $2.1 million in 2022.
Is Mary Barra the highest-paid CEO in the auto industry?
She was the third-highest-paid automotive CEO in 2022 but was the most-paid among Detroit’s big three for eight years.
Does Mary Barra have any other business endeavors?
Despite being principally linked with General Motors, Mary Barra has additional affiliations and revenue streams, including board memberships and speaking engagements.
Where does she get most of her money from?
Her ownership of General Motors Co. (GM) stock, which she owns around 1,122,883 shares, accounts for most of her wealth.
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