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  • Warren Buffett: The Oracle of Omaha

    Warren Edward Buffett is the CEO and Chairperson of Berkshire Hathaway. He is a philanthropist, corporate tycoon, and American investor. He’s among the world’s most influential investors. He purchased his first share at age 11. And now he is the 6th richest man in the world with a net worth of around $154 billion as of May 2025.

    Warren Buffett, often hailed as the Oracle of Omaha, has announced he will retire as chief executive of Berkshire Hathaway at the end of the year, 2025, marking the end of an era in global finance.

    Read ahead to know more about him.

    Edward Warren Buffett- Biography

    Name Edward Warren Buffett
    DOB 30 August, 1930
    Nationality American
    Occupation Business Man
    Spouse Susan Thompson
    Children Susan Alice Buffett, Howard Graham Buffett, and Peter Buffett
    Net Worth $154 billion (May 2025)

    Warren Buffett- Childhood
    Warren Buffett- Family
    Warren Buffett- Education
    Warren Buffett – Career
    Warren Buffett- Berkshire Hathaway
    Warren Buffett- Investments
    Warren Buffett- Personal Life
    Warren Buffett- Assets
    Warren Buffett- Awards and Achievements

    Warren Buffett – Childhood

    He was born in Omaha, Nebraska, on 30th August 1930. From a very young age, he’d been interested in business. When he was seven, he borrowed a book from the Omaha public library, One Thousand Ways to Make $1000, which inspired him a lot. Buffett, during his entire childhood was enlivened with entrepreneurial ventures. He began by selling door-to-door chewing gum, Coca-Cola bottles, and weekly magazines.

    He used to deliver newspapers while in high school, selling golf balls and stamps, and describing automobiles. His first income tax return was in 1944. Buffett took a $35 deduction for the use of his bicycle and watch on his paper route. On one occasion in his high school sophomore year, he and his friend got a pinball machine for $25 to place in a barber shop. And within months, they owned several other machines in 3 different barber shops across Omaha. Then, later in the year, they sold the business to a war veteran for $1,200.

    Buffett’s interest in the stock market and investment dates back to his school days. He used to spend his time in a regional stock brokerage lounge near his father’s own brokerage office at the customer’s. At the age of ten, he made a point to visit the New York Stock Exchange on his trip there. At 11, he bought himself 3 shares of Cities Service Preferred and also three shares for his sister Doris Buffett. At the age of 15, just by delivering Washington Post newspapers, he made more than $175 per month.

    During high school, he invested in a business owned by his father and bought a 40-acre farm worked by a tenant farmer. He bought a land at the age of 14 with his $1,200 savings. By the time he finished college, he had accumulated a savings of $9,800 (about $105,000 today).

    Warren Buffett Timeline
    Warren Buffett Timeline

    Warren Buffett – Family

    • He was born to Howard Buffett and Leila Stahl Buffett. His father owned a brokerage shop- his first learning experience of investment.
    • Buffett married Susan Thompson at Dundee Presbyterian Church in 1952. Next year, they had their first child, Susan Alice. In 1954, the Buffetts had their second child, Howard Graham. In 1958, the Buffetts’ third child, Peter Andrew, was born.
    • In 1977, Susan left him to pursue her career and started living separately. They never divorced and remained legally married till Susan’s death in 2004.
    • He again married at the age of 77 years to Astrid Menks in 2006.

    Buffett’s Billion-Dollar Bet: The Rise of Greg Abel as Berkshire Hathaway’s Next Visionary CEO | Career | Biography | Awards
    Discover how Greg Abel, a Canadian-born executive, is set to succeed Warren Buffett as CEO of Berkshire Hathaway in 2026. Explore his journey from humble beginnings to leading one of the world’s largest conglomerates. Learn about his education, career, biography and more.
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    Warren Buffett – Education

    He started his education at Rose Hill Elementary School. After that, he attended Alice Deal Junior High School and then graduated from Woodrow Wilson High School in 1947. Where his senior yearbook picture reads: “likes math; a future stockbroker.” Although he wanted to go into business directly, his father told him to take the business school first.

    Buffett entered the Wharton School of the University of Pennsylvania in 1947. After Warren studied there for two years, and joined the Alpha Sigma Phi fraternity, he then transferred to the University of Nebraska at 19, where he graduated with a Bachelor of Science in Business Administration. Buffett was rejected by Harvard Business School, and after that, he enrolled at Columbia Business School of Columbia University after learning that Benjamin Graham taught there. In 1951, he graduated with a Master of Science in Economics from Columbia.

    After graduating from Columbia, Buffett attended the New York Institute of Finance.

    Howard “Howie” Buffett: Philanthropist, Conservationist, and Advocate for Global Change | Education | Personal Life
    Learn about Howard Buffett, businessman, philanthropist, farmer, conservationist, and the middle child and heir of Warren Buffett. Explore his life, work, and contributions.
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    Warren Buffett – Career

    Early Business Career

    Warren Buffett worked at

    • Buffett- Falk & Co. as an investment salesman from 1951 to 1954.
    • Graham- Newman Corp. as a securities analyst from 1954 to 1956
    • Buffett Partnership, Ltd, as a general partner from 1956 to 1969
    • Chairman and CEO of Berkshire Hathaway Inc. from 1970.

    Graham was on the board of GEICO Insurance in 1951. He used to take a train to Washington, D.C. He knocked on GEICO ‘s headquarters door on Saturday, before he was admitted by a janitor. He met Lorimer Davidson, the vice president of GEICO, and spent hours discussing insurance business with him.

    Davidson became Buffett’s lifelong friend and a lasting influence. He later recalls that he found Buffett to be an “extraordinary man” just after talking with him for only fifteen minutes. Buffett wanted to work on Wall Street. But both his father and Ben Graham requested him not to. He even offered to work for Graham for free, but Graham refused.

    Warren Buffett returned to Omaha and worked as a stockbroker and also took a Dale Carnegie public speaking course. He felt confident enough to teach an “Investment Principles” night class at the University of Nebraska-Omaha from what he had learned. The average age of his students was more than twice his own. During this time, he purchased a Sinclair Texaco gas station as a side investment, but it was unsuccessful.

    Buffett accepted a job at Benjamin Graham’s partnership in 1954. His starting salary was $12,000 a year (about $114,000 today). He worked with Walter Schloss there. Graham was a tough boss, but he retired and closed his partnership in 1956. At this time Buffett’s savings were over $174,000 (about $1.64 million today). He started Buffett Partnership Ltd then.

    Buffett operated three partnerships in 1957. Buffett operated five partnerships in 1958. The company grew to six partnerships, and Buffett met future partner Charlie Munger in 1959. Buffett operated seven partnerships by 1960. Edward asked one of his partners, a doctor, to find 10 other doctors willing to invest $10,000 each in his partnership. 11 of them agreed. When accepted, Buffett pooled their money with his initial contribution of just $100.

    Buffett disclosed that in 1961, 35 percent of the assets of the partnership were invested in the Sanborn Map Business. In 1958, Sanborn stock sold for just $45 per share but, the investment portfolio of the company was worth $65 per share, he explained. This meant that Sanborn’s map business was being valued at a loss of $20. Buffett purchased 23% of the company’s outstanding shares as an activist investor, obtaining a seat for himself on the Board of Directors, and allied with other dissatisfied shareholders to control 44% of the shares. The Board offered to repurchase shares at fair value, paying with a portion of its investment portfolio to avoid a proxy fight. 77% of the outstanding shares were turned in after that. Buffett obtained a 50% return on investment in just two years.

    Warren Buffett – Berkshire Hathaway

    In 1962, Warren invested in a New England textile company called Berkshire Hathaway and bought some of its stock. He began to buy shares aggressively after a dispute with its management. That convinced him that the company needed a change in leadership. Ironically, the purchase of Berkshire Hathaway turned out to be Warren’s major regret. Berkshire Hathaway recently entered the trillion-dollar club on 28th August 2024 by having a $1 trillion market capitalization value.

    Berkshire Hathaway Headquarters
    Berkshire Hathaway Headquarters

    Warren used Berkshire Hathaway as a holding company to buy National Indemnity Company and used its substantial cash flow to finance further acquisitions (the first of many insurance companies that he bought).

    Seeing a company that was so cheap, Buffett bought it. The fact that he wasn’t an expert in textile manufacturing didn’t matter. Gradually, Buffett shifted Berkshire’s focus away from its traditional endeavors, instead using it as a holding company to invest in other businesses. Over the years, Edward has bought, held, and sold companies in a variety of different industries.

    Warren Buffett sent ripples through the investment world on May 3, 2025 with just four words: “The time has arrived.”

    At 94, Buffett shared at the company’s annual meeting that he will hand over leadership to Vice Chairman Greg Abel, saying, “I think the time has arrived where Greg should become the chief executive of the company at year end.”

    This pivotal moment in Buffett’s life offers a fitting opportunity to reflect on the extraordinary journey of the man who transformed Berkshire Hathaway from a struggling textile firm into a $1.16 trillion investment powerhouse, and secured his legacy as one of the most successful investors in history.

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    Warren Buffett – Investments

    Some of Berkshire Hathaway’s most well-known subsidiaries are:

    • GEICO (that little Gecko belongs to Warren Buffett!!!),
    • Fruit of the Loom
    • Dairy Queen,
    • NetJets,
    • Benjamin Moore & Co.

    But, these are only a handful of companies of which Berkshire Hathaway has a majority share. The company’s major investments are:

    • American Express Co. (AXP),
    • Costco Wholesale Corp. (COST),
    • DirectTV (DTV),
    • General Electric Co. (GE),
    • General Motors Co. (GM),
    • Coca-Cola Co. (KO),
    • International Business Machines Corp. (IBM),
    • Wal-Mart Stores Inc. (WMT),
    • Procter & Gamble Co. (PG) and
    • Wells Fargo & Co. (WFC).

    Warren Buffett – Personal Life

    To compete with the boyfriend of a young woman whom he was trying to persuade, he tried to learn the ukulele in 1949. And has been playing ever since. Although he was unsuccessful at playing, his keen musical interest is the major factor in their relationship.

    He is often seen playing that instrument in stockroom meetings and other such opportunities.

    He had purchased a five-bedroom stucco house in Omaha for just $31,500, where he still lives.

    He is well-known for his frugality; he does not even carry a cell phone and prefers to travel by public transport.

    In April 2012, he was diagnosed with prostate cancer and has completed his treatment.

    He is a great philanthropist who has pledged to give away a major portion of his wealth to charity, with 83% of it going to the Bill & Melinda Gates Foundation.

    In 2006, he disowned his son Peter’s adopted daughter, Nicole. Mainly because she participated in the Jamie Johnson documentary, The One Percent. This was about the growing economic inequality between the wealthy and the average citizen in the United States.

    Buffett wrote her a letter stating,

    I have not emotionally or legally adopted you as a grandchild, nor have the rest of my family adopted you as a niece or a cousin.

    But his first wife referred to Nicole as one of her “adored grandchildren”.

    Buffett is an avid bridge player. He allegedly spends 12 hours a week playing the game. He has even sponsored a bridge match for the Buffett Cup in 2006.

    Buffett reads five newspapers per day, beginning with the Omaha World-Herald, which his company acquired in 2011.

    He is an ardent fan and lifelong follower of Nebraska football and attends as many games as his schedule permits.

    In 2006, his annual salary was about $100,000, which is quite small compared to senior executive remuneration in comparable companies. He earned a total compensation of $175,000, which included a base salary of just $100,00, in 2008.

    Buffett had worked with Christopher Webber. They have worked on an animated series called “Secret Millionaires Club”. He worked with Chief Andy Heyward of DIC Entertainment. The series features Buffett and Munger and teaches children healthy financial habits.

    Berkshire Hathaway Success Story: Founders | Investments | Acquisitions | Funding
    Berkshire Hathaway is a holding corporation, the current CEO of the company is Warren Buffet. Know about its founder, funding, acquisitions revenue model, investments, and more.
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    Warren Buffett – Assets

    • He owns a house in Omaha that he bought in 1958 for $31,500, a fraction of today’s value.
    • He also owns a house in Laguna Beach, California which is worth about $4 million.
    • In 1989, he bought a private jet and named it “The Indefensible“. He spent nearly $6.7 million of Berkshire’s funds on that jet.
    • This was a break from his past stricture of extravagant purchases by other CEOs and his history of using more public transportation.

    Warren Buffett – Awards and Achievements

    • He was awarded the Presidential Medal of Freedom by President Barack Obama in 2011.
    • In 2008, he became the richest person in the world 2008 with a total net worth estimated at $62 billion by Forbes, overtaking Bill Gates, who had been the No.1 on the Forbes list for the past 13 years.
    • He is the 5th richest person in the world according to the current Forbes ranking.
    • He has been the chairman and CEO of Berkshire Hathaway.

    FAQs

    Who is known as Oracle of Ohama?

    Warren Buffett, the billionaire investor who resides and operates in Omaha, Nebraska, is famously known as the “Oracle of Omaha” due to his remarkable success and widespread influence as one of the world’s most closely watched investors.

    Where is Berkshire Hathaway headquarters?

    The headquarters of Berkshire Hathaway is in Kiewit Plaza, Omaha, Nebraska, United States.

    What is Warren Buffett net worth?

    Warren Buffett is the 6th richest man in the world with a net worth of around $154 billion as of May 2025.

    Who is Astrid Menks?

    Astrid Menks is the wife of Warren Buffett.

    What is Warren Buffett DOB?

    Warren Buffett was born on 30th August, 1930. He is 94 years old.

    What is Warren Buffett full name?

    Warren Edward Buffett is the full name of Warren Buffett.

    What is Warren Buffett education?

    Warren Buffett studied at the University of Nebraska, where he earned a degree in business. He later went on to earn a Master’s degree in economics from Columbia Business School in 1951, where he studied under Benjamin Graham, the father of value investing. Buffett also briefly attended the Wharton School at the University of Pennsylvania before transferring to Nebraska.

  • Mira Murati: The Visionary Behind OpenAI’s Breakthroughs Steps Into a New Chapter

    As the former interim CEO and Chief Technology Officer of OpenAI, Mira Murati is recognized not only for her credentials but also for her strong stance on the ethics of emerging technologies.

    Mira Murati, a 34-year-old Albanian woman, is a prominent figure in the field of artificial intelligence as AI continues to dominate the global landscape. Leading the development teams behind groundbreaking projects like ChatGPT and DALL-E, she has been passionate about ensuring the public understands the potential of AI, particularly in the healthcare sector.

    On September 25, 2024, after six and a half years with OpenAI, Murati announced her decision to step down as Chief Technology Officer. In a statement shared on X, Murati explained that “this moment feels right” for her to leave, highlighting OpenAI’s recent progress in the AI industry.

    She mentioned her desire to “create time and space for personal exploration” as the reason for her departure but emphasized her focus on ensuring a smooth transition and keeping up the momentum the team has built. Murati expressed gratitude for the chance to work with such a remarkable team at OpenAI.

    Along with Mira, VP Research Barret Zoph and Chief Research Officer Bob McGrew also announced their departures via X from OpenAI.

    Mira Murati – Biography

    Name Mira Maruti
    Birthplace Albania
    Born 16 December, 1988
    Nationality Albanian
    Education Mechanical Engineering, Dartmouth College
    Position Ex-CTO, Former Interim CEO, OpenAI

    Mira Murati – Early Life and Education
    Mira Murati – Career
    Mira Murati – OpenAI
    Mira Murati – Personal Life
    Mira Murati – Achievements

    Mira Murati – Early Life and Education

    Murati was born in Vlor, Albania, a nation in Southern Europe, on 16 December 1988. She went to Canada when she was 16 years old to attend Pearson College UWC, where she earned an International Baccalaureate diploma in 2007. She then attended Dartmouth College and earned a Bachelor of Engineering in mechanical engineering, where she also built a hybrid race car, graduating in 2012.

    Mira Murati – Career

    Murati began her career as an intern at Goldman Sachs in 2011, then moved on to Zodiac Aerospace from 2012 to 2013. She began her career at Tesla in 2013 as a senior product manager on the Model X, a luxury electric SUV. She began to genuinely engage with technology at Tesla, where she worked on early versions of Autopilot. In 2016, she left Tesla to join Leap Motion, a firm that creates motion-sensing technologies for virtual and augmented reality. There, she improved her skills in bridging the technical and human-computer interface divide. Drawn by the company’s mission to ensure that AGI benefits humanity, Murati joined OpenAI in 2018 as the Vice President of Applied AI and Partnerships. She was in charge of commercializing OpenAI’s products and enhancing them through human input. She also served on the leadership teams that created ChatGPT, Dall-E, and Codex, three of the world’s most sophisticated and dynamic AI systems.

    She recently joined the board of directors of Unlearn.AI, a startup specializing in the development of machine learning methods capable of diagnosing diseases and accelerating their treatment.

    Mira Murati – OpenAI

    Founded in 2015 as a non-profit to develop AI that is “safe and broadly beneficial,” OpenAI has evolved to become one of the world’s most powerful AI organizations. Murati was promoted to the position of CTO of OpenAI in May 2022, where she oversaw the company’s research, product, and safety departments. After the board of directors dismissed Sam Altman in November 2023, she was appointed as the interim CEO of OpenAI. Murati was then replaced by Emmett Shear as the interim CEO of OpenAI.

    Murati has constantly pushed for transparency and communication in the development of artificial intelligence, emphasizing the significance of open discourse and stakeholder participation. Murati is the company’s first female CEO and the first person of Albanian descent.
    As CEO, she was responsible for guiding OpenAI through a key transition time, combining her technological experience and business acumen to influence the company’s future course.

    Murati stated her goal for OpenAI in her first interaction as interim CEO: to create a future where AI is a force for good, empowering individuals and solving global concerns. She emphasized the importance of developing AI with safety, justice, and inclusion as guiding principles, ensuring that it benefits mankind as a whole. She believes that artificial intelligence has the potential to solve some of the world’s most serious issues, such as climate change and healthcare. She is dedicated to harnessing the potential of artificial intelligence responsibly, ensuring that it becomes a tool for advancement rather than a danger to mankind.

    On September 25, 2024, Murati resigned as the CTO of OpenAI. She wrote on X:


    Mira Murati – Personal Life

    Murati’s favorite song is Radiohead’s Paranoid Android. She felt the song to be layered, with references to society and technology. Her favorite book is Rainer Maria Rilke’s Duino Elegies, a collection of poetry. She received it as a present. She was moved by the depth and beauty of the poems. 2001: A Space Odyssey is her favorite film.

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    Mira Murati – Achievements

    • Led the development of ChatGPT, Dall-E, and Codex, three of the most sophisticated AI technologies in the world.
    • Oversaw the safety and responsible development of OpenAI’s AI technology.
    • Advocated for appropriate AI development and deployment.
    • Member of the Partnership on AI, a collection of prominent technology firms striving to set ethical norms for the development and use of AI.

    FAQs

    Who is the CEO of OpenAI?

    Sam Altman is the CEO of OpenAI.

    Is ChatGPT owned by Microsoft?

    ChatGPT is an AI chatbot developed and owned by OpenAI and counts Microsoft among its notable investors.

    What country is Mira Murati from?

    Mira Murati was born on December 16, 1988, in Vlorë, Albania.

    Why did Mira Murati resign as the CTO of OpenAI?

    Mira Murati stepped down from her role as CTO of OpenAI to create “the time and space to do exploration,” as she mentioned in her post on X.

  • From Scholar to CEO: Richard Teng’s Symphony of Success at Binance

    Richard Teng, the former CEO of the Abu Dhabi Global Market, succeeded Changpeng Zhao as CEO of Binance in November 2023. Teng is a well-known and successful professional who has made important contributions to finance and regulatory affairs. He has rich experience and skills and has played significant roles in defining the financial environment, notably in fintech, compliance, and risk management. His innovative leadership and strategic expertise have gained him industry prominence as a thought leader. Teng has exhibited a consistent dedication to pushing innovation, encouraging industry growth, and establishing strong regulatory frameworks throughout his career. As a renowned person in the financial sector, he continues to inspire and influence constructive change, leaving an indelible impact on the developing landscape of global banking.

    Having worked in the financial services and regulatory industries for more than thirty years, Teng will assume the CEO position after being Binance’s global head of regional markets. He aims to support blockchain and crypto adoption by actively engaging both mainstream and Web 3 stakeholders.

    Richard Teng – Biography

    Name Richard Teng
    Birthplace Singapore
    Born 1971
    Education Applied Finance, University of Western Australia
    Position CEO, Binance

    Richard Teng – Early Life
    Richard Teng – Career
    Richard Teng – Journey so far
    Richard Teng – Binance
    Richard Teng – Awards and Recognitions

    Richard Teng – Early Life

    A native of Singapore, Teng studied at Nanyang Technological University, where he graduated with First Class Honours in Accountancy. He earned his master’s degree in Applied Finance from the University of Western Australia. He has completed The Wharton School’s Executive Leadership Programme.

    Richard Teng – Career

    Teng began his career in 1994 as director of corporate finance at the Monetary Authority of Singapore, where he stayed for 13 years until joining the Singapore Exchange as chief regulatory officer in 2007.

    Teng is a former CEO of the Abu Dhabi Global Market, the financial services regulator in the UAE capital.

    He served as a part-time Board Director of Lulu Financial Group for one year and eight months.

    He worked as a freelancer for Blockchain Association Singapore (BAS) as an Advisory Board Member for 2 years and 5 months.

    From July 2021, he was a member of the Global FinTech Institute’s worldwide Council. It has already been 2 years and 5 months.

    Teng has been promoted to the position of CEO of Binance. Most recently, he served as Binance’s global head of regional markets. Teng is one of the few top executives who remained with Binance after the US Securities and Exchange Commission brought 13 charges against the cryptocurrency exchange and its founder, Changpeng Zhao.

    Richard Teng – Monetary Authority of Singapore

    He was the Director of Corporate Finance at MAS for 13 years. As a result, he gained regulatory knowledge in the banking, insurance, and capital markets industries. He was active in a wide-ranging reform of Singapore’s financial services business in the late 1990s, pushing moves to develop private banking and capital market sectors. He was in charge of creating and implementing the Securities and Futures Act, as well as building the regulatory framework for REITS, business trusts, and trust companies. He also managed the Singapore Code on Takeovers and Mergers, which governs mergers and acquisitions in Singapore.

    Richard Teng – Singapore Exchange

    He spent 7 years and 6 months as the Chief Regulatory Officer at Singapore Exchange (SGX). Teng previously served as Senior Vice President, Head of Issuer Regulation, Chief of Staff for Risk Management and Regulation, and Head of Regulation at SGX. He was in charge of the Regulation Group, which works closely with the Monetary Authority of Singapore (MAS) to maintain a fair, orderly, and transparent market. The Group is responsible for developing policy, structure, and rules for listing, trading, and clearing, as well as regulatory solutions for new products and services. The Group is in charge of overseeing the rules regulating listing, trading, and clearing, as well as accepting listing applications and members and monitoring and enforcing ongoing compliance with the regulations. Issuer Regulation, Catalist Regulation, Membership Supervision, Surveillance, Regulatory Development and Policy, and Legal are the Group’s units.

    Richard Teng – Abu Dhabi Global Market

    Teng joined Abu Dhabi Global Market in March 2015, bringing more than two decades of regulatory leadership and capital markets expertise to the banking industry. As CEO, he was in charge of and directed the establishment and administration of ADGM’s financial services regulatory and supervisory framework to promote a fair, open, and transparent financial market.

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    Richard Teng – Journey so far

    Teng is an accomplished executive with over three decades of expertise in financial services and regulatory affairs.

    Binance, which was founded in 2017, is the world’s largest cryptocurrency exchange, with around 150 million members.

    Teng joined the world’s largest crypto exchange in 2021 as the CEO of Binance’s Singapore Company two years ago.

    He remained as Singapore CEO for five months until being appointed as regional head of Europe, Asia, the Middle East, and North Africa in April 2023. He managed regional teams to develop strategic alliances, build an ecosystem of innovation, and expand the Bitcoin ecosystem inside their respective areas in this capacity.  

    Teng was eventually promoted to head of regional markets in May 2023 before being named CEO of Binance, barely more than two years after joining the company.

    Richard Teng – Binance

    Richard Teng – Introducing the Binance Web3 Wallet

    Teng expressed his gratitude for the opportunity to assume the job of CEO, adding that he would focus on ensuring Binance’s 150 million users of the company’s financial strength, security, and safety.

    His priority will be to reassure users that they can stay confident in the company’s financial soundness, security, and safety, as well as working along with authorities.

    Teng, who joined as Singapore CEO of Binance in 2021, has a challenging task ahead of him. The exchange’s native cryptocurrency, BNB, is down 15% following Zhao’s departure, indicating declining client trust. Users withdrew a total of $1.3 billion from the Binance platform, with other cryptocurrencies and blockchain protocols such as Solana and Polygon also suffering losses.

    Teng faces a difficult task in restoring Binance’s reputation.

    Teng’s initial responsibility will be to try to repair the company’s damaged public image. His priority is to reaffirm the exchange’s financial strength, security, and safety to the exchange’s 150 million members. Other major areas of emphasis for him will include collaborating with regulators to uphold high standards globally and working with partners to drive growth and adoption of Web3.

    Teng stated in a recent post, “To ensure a bright future, I intend to use everything I’ve learned over the past three decades of financial services and regulatory experience to guide our remarkable, innovative, and dedicated team.”

    His priorities will be to:

    1. Reassure 150 million users about the company’s financial strength, security, and safety.
    2. Collaborate with regulators to uphold high standards globally that foster innovation while providing important consumer protections.
    3. Work with partners to drive Web3’s growth and adoption.

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    Richard Teng – Awards and Recognitions

    • Under his leadership, ADGM was named Financial Centre of the Year (MENA) by Euromoney’s Global Investors Group in both 2016 and 2017, collecting back-to-back awards.
    • Deloitte and the Global Fintech Hub Federation have named it the best Fintech Hub in the Middle East and North Africa.
    • Teng, who has decades of regulatory leadership and financial sector growth expertise, is a frequent worldwide speaker, particularly on FinTech regulations and Belt and Road initiatives.

    FAQs

    Why did Changpeng Zhao step down as CEO?

    He stepped down on November 21, 2023, as part of a $4.3 billion settlement with the U.S. Department of Justice (DOJ) to resolve allegations of anti-money laundering (AML) violations and sanctions violations.

    Who is the new CEO of Binance?

    Richard Teng is the new CEO of Binance.

    Is Binance 100% safe?

    No, Binance is not 100% safe. No cryptocurrency exchange is completely immune to hacks or other security breaches. However, Binance is considered one of the safest exchanges in the world.

  • The Historic Comeback of Sam Altman at OpenAI After a Hundred Earnest Hours

    OpenAI, the creator of ChatGPT, has successfully concluded negotiations for the return of Sam Altman as CEO, marking a resolution after approximately 100 hours since his initial departure. This decision follows intense deliberations concerning the future trajectory of the company, a central player in the artificial intelligence boom. Here is the sequence of events at OpenAI that culminated in the decision to reinstate Sam Altman as CEO:

    Challenging Days: The Path to Altman’s Return
    At an Accelerated Pace Compared to Steve Jobs
    The Chronology of a Hundred Crazy Hours
    The Sensation Saga of Sam Altman

    Challenging Days: The Path to Altman’s Return

    In addition to Sam Altman‘s reinstatement, the company has committed to restructuring its board of directors, which was responsible for his dismissal. Notably, Bret Taylor, former co-CEO of Salesforce, has assumed the role of Chair, while Larry Summers, former U.S. Treasury Secretary, has joined the board.

    Bret Taylor (Chairman), Larry Summers, Adam D'Angelo - Board members of OpenAI
    Bret Taylor (Chairman), Larry Summers, and Adam D’Angelo – Board members of OpenAI

    Confirming this significant development, OpenAI issued a statement on X, declaring, “We have reached an agreement in principle for Sam to resume his role as CEO at OpenAI, leading a new initial board featuring Bret Taylor as Chair, along with Larry Summers and Adam D’Angelo.” The company is presently in the process of finalizing the finer details of this agreement.

    Expressing his enthusiasm for the return, Sam Altman conveyed his commitment to OpenAI’s mission. In a post on X, Altman articulated, “I hold a deep affection for OpenAI, and every action I’ve taken in recent days has been geared towards preserving the unity of this team and its mission. I eagerly anticipate rejoining OpenAI and further strengthening our robust partnership with Microsoft.” Sam Altman expressed his eagerness to return to OpenAI, emphasizing his dedication to the organization’s mission. In a post on X, Altman stated,

    Following Altman’s announcement, Microsoft CEO Satya Nadella, who recently welcomed Altman into the company, endorsed the decision, citing it as a “first essential step” toward establishing a “more stable, well-informed, and effective governance” for OpenAI.

    Altman’s reinstatement comes after he was dismissed by OpenAI’s board due to disagreements regarding the pace of artificial intelligence development and monetization. Negotiations for his return had faced challenges, including pressure for existing board members to resign. The board responded by appointing Emmett Shear, former CEO of Twitch, as the interim CEO and announced Microsoft’s plan to hire Altman for a new in-house AI team.

    Following Sam Altman’s removal from his role on November 17, the board initially appointed Mira Murati, Chief Technology Officer at OpenAI, as the interim CEO. However, this interim role was later assumed by Emmett Shear, former CEO of Twitch, on November 19.

    By November 20, Microsoft CEO Satya Nadella announced that Sam Altman, Greg Brockman, and their associates would be joining the ranks of the technology giant.

    In response to Altman’s potential absence, over 65% of OpenAI’s workforce, comprising more than 500 employees, threatened to resign and join Altman at Microsoft. This triggered intensive discussions, leading to the eventual return of both Altman and Greg Brockman, President of OpenAI.

    At an Accelerated Pace Compared to Steve Jobs

    Altman’s rapid turnaround has been likened to Silicon Valley legend Steve Jobs, who left Apple in a power struggle in 1985 and returned 12 years later. Altman resumed the CEO position after just four days.

    The upheaval at OpenAI, initiated by Altman’s departure, saw President Greg Brockman resign in protest. The board’s unexpected appointment of Emmett Shear as interim CEO added further twists to the unfolding events.

    Emmett Shear, in a post on X, detailed the efforts undertaken to restore stability to OpenAI, ultimately leading to Altman’s return. He emphasized that the chosen pathway maximized safety and considered the interests of all stakeholders.

    Altman’s successful return was facilitated in part by Microsoft, which offered him the opportunity to lead a new research team alongside Brockman and other departing colleagues. The majority of OpenAI’s staff, numbering over 700, threatened to join Microsoft unless the board resigned and Altman was reinstated, leveraging Microsoft’s computing power and resources crucial to OpenAI’s technology.

    In celebrating the resolution, co-founder and President Brockman expressed optimism, stating, “We will come back stronger & more unified than ever.”

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    The Chronology of a Hundred Crazy Hours

    November 17

    After Mr. Altman’s removal, the OpenAI board appointed Mira Murati as the interim CEO. Ms. Murati, aged 34, had served as the company’s Chief Technology Officer since May of the previous year. Emphasizing an ongoing “search process to identify a permanent successor,” the company addressed the leadership transition.

    This entire episode unfolded following Sam Altman’s dismissal by the OpenAI board on Friday. Mr. Altman had gained prominence with the launch of ChatGPT the previous year, sparking significant advancements in AI research and development, accompanied by substantial investments in the sector. Reports suggested that his termination resulted from efforts to increasingly monetize the company’s leading GPT-4 model, all while maintaining the secrecy of its internal workings, a development deemed problematic by the board.

    November 18

    On the day following his dismissal, Mr. Altman reportedly informed investors about plans to launch a new venture in collaboration with Mr. Brockman. Earlier in September, Mr. Altman and Jony Ive, Apple’s former design chief, were said to be in discussions about a project in its developmental stages—an innovative AI hardware device.

    November 19

    On Sunday, the board extended the role of interim chief to Emmett Shear, the former CEO of Twitch. Mr. Shear, who had previously expressed concerns about AI being “dangerous” and susceptible to misuse, accepted the position. Upon learning of Mr. Altman’s return, Mr. Shear expressed his satisfaction with the outcome. Rumors of Mr. Altman’s sensational return began circulating on this day, with sources indicating investor pressure on the board to reverse its decision. Microsoft, as OpenAI’s largest shareholder, was reportedly approached for intervention on Mr. Altman’s behalf due to the significant investments made by Microsoft in OpenAI.

    November 20

    On Monday night, nearly all of OpenAI’s staff—over 700 out of around 770—threatened to resign and follow Mr. Altman to Microsoft. Citing concerns about working with individuals lacking “competence, judgment, and care for our mission,” they demanded the resignation of the board. Despite lucrative offers from Salesforce, most staff members displayed loyalty to OpenAI, refusing the offers. Additionally, Reuters reported that OpenAI had approached Dario Amodei, CEO of rival Anthropic, about potentially replacing Mr. Altman and exploring a merger between the two AI startups, an offer that was declined.

    November 21

    An internal memo reviewed by Bloomberg News revealed that OpenAI was engaged in “intense discussions” to reconcile its divided staff. The memo, dated the previous night and authored by Anna Makanju, Vice President of Global Affairs, mentioned ongoing communication with Mr. Altman regarding a possible return. Surprisingly, Mr. Nadella announced that Sam Altman and others would join Microsoft following their dismissal from OpenAI. He emphasized Microsoft’s approach to providing founders and innovators the space to build independent identities and cultures within the company.

    November 22

    Sam Altman has reclaimed the position of CEO at OpenAI a mere four days after being dismissed by the board, which had cited a “loss of confidence” in his leadership of the Microsoft-backed firm.

    The Sensation Saga of Sam Altman

    The 38-year-old Sam Altman had gained prominence with the launch of ChatGPT, sparking a significant race in AI research and development, accompanied by substantial investments in the sector.

    Early Life and Affection for Mac

    Born in Chicago in 1985, Altman spent his formative years in St. Louis, Missouri, attending the prestigious John Burroughs School. Excelling academically, he grew up in what he describes as a “middle-class Jewish family.” Altman’s introduction to programming occurred at the age of 8 when his parents, dermatologist Connie Gibstine and real estate broker Jerry Altman, gifted him a Macintosh LC II. This pivotal moment ignited Altman’s passion for programming, marking a defining point in his life.

    Coming Out and Personal Life

    Altman openly addressed his sexuality during high school, a challenging experience given the Midwest’s climate during the 2000s. At 17, he spoke about being gay during an assembly for National Coming Out Day after a Christian group boycotted a sexuality-related event. Altman’s courage challenged the school to embrace diversity. He currently resides with his partner, Australian programmer Oliver Mulherin, in San Francisco, and both aspire to start a family. Before Mulherin, Altman co-founded Loopt with Nick Sivo, a mobile social network that eventually sold for $43 million in 2012.

    Stanford and Entrepreneurial Beginnings

    Altman enrolled at Stanford University for computer science but, alongside two classmates, dropped out to focus on Loopt. The startup, part of Y Combinator‘s inaugural batch, achieved a valuation of $175 million but was later sold for $43 million in 2012. Post-Loopt, Altman co-founded the venture fund Hydrazine Capital with his brother, Jack Altman, raising $21 million. He joined Y Combinator as a part-time partner in 2011, becoming its president in 2014, succeeding co-founder Paul Graham. Altman’s tenure saw Y Combinator thrive, establishing itself as a force in the tech industry. His prominence grew, and he was featured on Forbes 30 Under 30 for venture capital at age 29.

    OpenAI and Technological Breakthroughs

    In 2015, Altman co-founded OpenAI with tech luminaries like Elon Musk. Under his leadership, OpenAI received a $1 billion investment from Microsoft in 2019, integrating its technology into various Microsoft products. OpenAI’s revolutionary moment came with the launch of ChatGPT in November 2022, a viral sensation that marked the beginning of “generative” AI in technology. Altman guided OpenAI to the forefront of the tech industry as a leading company in artificial intelligence.

    What is ChatGPT?

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    FAQs

    Who is the current CEO of OpenAI?

    OpenAI has revealed an “agreement in principle” to reinstate Sam Altman as the CEO, with the departure of board members instrumental in his initial removal.

    Why did the board fire Altman?

    Sam Altman was fired as CEO of OpenAI due to a lack of transparency and candor in his communications with the board, leading to a loss of confidence in his ability to lead the company.

    Is Microsoft the owner of OpenAI?

    No, Microsoft is not the owner of OpenAI. However, it is a significant investor, having invested $13 billion in the company.

  • Emmett Shear: Silicon Valley’s Big Name

    “We can’t learn how to build a safe AI without experimenting, and we can’t experiment without progress, but we probably shouldn’t be barrelling ahead at max speed either,” Emmett Shear.

    OpenAI, the company behind ChatGPT, has selected Emmett Shear, the former CEO of Twitch, as its acting CEO, taking over from Mira Murati. The company recently ousted previous CEO Sam Altman in a move that shocked the tech community. Shear is well-known for being an active advocate of safety in the advancement of artificial intelligence.

    Emmett Shear – Biography

    Name Emmett Shear
    Born 1983
    Nationality American
    Education Yale University
    Position Interim CEO, OpenAI

    Emmett Shear – Early Life
    Emmett Shear – Career
    Emmett Shear – Philanthropy
    Emmett Shear – Investments
    Emmett Shear – Controversy
    Emmett Shear – Awards and Recognitions

    Emmett Shear – Early Life

    Emmett Shear was raised in Seattle and went to the Evergreen School for Gifted Children. Shear, who was born in 1983, earned a Bachelor of Science in Computer Science from Yale University in 2005.

    Emmett Shear – Career

    Shear’s career began in 2005, when he, alongside Justin Kan, co-founded Kiko Software. After a year, he co-founded Justin.TV, Twitch’s precursor, where he served as Chief Technology Officer. He was also appointed as a part-time partner at Y Combinator. Shear was Twitch’s CEO until March 2023. At present, he is appointed as the interim CEO of OpenAI, replacing Mira Murati, who was earlier designated as interim CEO after Sam Altman’s exit.

    Emmett Shear – Kiko Software

    In the year 2005, after graduating from Yale, he and Justin Kan co-founded Kiko Software, which was subsequently sold on eBay for $250,000 when Google Calendar became public. He was there for a year and nine months until co-founding Justin.TV, the predecessor of Twitch, in September 2006.

    Emmett Shear – Justin.TV

    For five years and three months as Chief Technology Officer of Justin.TV, Shear was in charge of coding, hiring, and technical administration.

    Simultaneously, he was a part-time partner at Y. Combinator, a renowned San Francisco startup incubator that Altman led from 2014 to 2019.

    Emmett Shear – Twitch

    Shear served as CEO of Twitch until March 2023, a business he co-founded but was subsequently bought by Amazon in 2014, where he spent over a decade transforming the firm from Justin.TV into the world’s most popular video game broadcasting service. He was then appointed as a Visiting Group Partner at Y Combinator, where he assisted each batch of new entrepreneurs.

    What is Twitch

    Emmett Shear – OpenAI

    Shear was named interim CEO of OpenAI on November 19, 2023, succeeding Mira Murati as interim CEO following the board’s ouster of Sam Altman.

    Shear is well-known for being a staunch advocate of the “safety” side of the AI debate. He has compared AI safety to managing the creation of an alien god. Shear has expressed opinions on the dangers of artificial intelligence in interviews and on social media that the OpenAI board members may find compelling.

    Shear’s hiring attempts to stabilize the firm and resolve employee and larger AI community concerns.

    Shear laid forth a three-point strategy for the next 30 days, emphasizing openness and change. This strategy includes appointing an independent investigator to investigate the events leading up to Altman’s departure, engaging with employees, partners, investors, and consumers, and reforming the management and leadership teams.

    Comprehending the disturbance, he intends to address significant concerns. However, he recognizes that certain issues may take longer than a month to fix. Despite the changes, Shear confirmed that OpenAI’s cooperation with Microsoft remained sturdy, emphasizing his dedication to serving customers successfully.

    The surprising events at OpenAI raise concerns about the company’s future and role in furthering Artificial Intelligence technology. Shear examines the challenge of fixing internal disputes, preserving transparency, and sustaining OpenAI’s position as a prominent participant in the AI ecosystem.

    More research and development is planned. Additionally, contracts must be signed to ensure that individuals who are experimenting with GPT commit to becoming long-term users.

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    Emmett Shear – Philanthropy

    Shear contributed the initial US$1 million to launch an SF New Deal, a non-profit organization that purchased meals from San Francisco eateries and delivered them to individuals in need via Twitch in March 2020, during the COVID-19 pandemic. His Yale undergraduate friend Leonore Estrada, who managed the Three Babes Bakeshop in San Francisco’s Bayview district, founded the organization.

    Emmett Shear – Investments

    Shear has invested in several different rounds in various companies.

    Name of the Company Funding Round Investments Date
    Pilot AI Venture Round Mar 21, 2023
    Artifact Seed Round Dec 15, 2022
    GGWP Seed Round Mar 21, 2022
    Dashworks Seed Round Jan 28, 2022
    ForeVR Games Seed Round Aug 17, 2021
    ForeVR Games Seed Round Dec 11, 2020
    Quell Seed Round Dec 07, 2020
    Clipboard Health Series A Sep 11, 2019
    Peerwell Series A Aug 27, 2019

    Emmett Shear – Controversy

    He was criticized, among other things, for how he handled allegations in 2020 that the environment at Twitch was unwelcoming to women and for how slowly the platform reacted to offensive material.

    His emphasis on guiding Twitch toward profitability through cost-cutting measures was also criticized by several staff members and live streamers as undermining the platform’s quality.

    “Using gen AI to write pickup lines for the apps, call that shooting my zero-shot,” Shear once wrote and posted. Whether this was a joke or not is unknown.

    Emmett Shear – Awards and Recognitions

    • Forbes Magazine recognised him on their 30 under 30 list in 2012.
    • Twitch debuted in 2011, and The Wall Street Journal reported in 2014 that the brand had the fourth-highest peak internet traffic in the United States.

    FAQs

    Is Emmett Shear the CEO of Twitch?

    No, Emmett Shear is not the CEO of Twitch; he resigned in March 2023.

    Who is the interim CEO of OpenAI?

    Emmett Shear is the interim CEO of OpenAI, taking over Mira Murati and former CEO Sam Altman.

    Who owns OpenAI?

    OpenAI is owned by investors, including Microsoft, other stakeholders, and the original OpenAI non-profit foundation.

  • Rohit Kapoor: The Newly Appointed CEO of Swiggy & Former CMO of OYO

    The hospitality sectors without a doubt are a huge industry offering an amazing range of challenges and excellent roles if one is thinking to start a career in this sector. Thanks to the boom in the economy and a sizeable population with standard income, this industry is growing immediately.

    Speaking about the sector, OYO, the Indian multinational hospitality chain that has services in hotels, homes, and living spaces is one such example.

    Rohit Kapoor was the former CEO of the India & South Asia business across Hotels, LIFE & Workspaces at OYO. He is the man behind the success of OYO in expanding not only in India but also across international markets. He is the reason for driving the new real estate business for OYO by exploring new territories, strategic partnerships, and investment opportunities.

    Currently, Rohit Kapoor is serving his notice period at OYO and is soon going to head the food delivery business, Swiggy. Rohit Kapoor worked at OYO for almost four years. As per sources, he is very likely to join Swiggy if there are no last-minute changes. This decision came into effect after former COO Vivek Sundar left Swiggy.

    To learn about his life and bio, read through this article to know how he led OYO into the global market.

    Rohit Kapoor – Biography

    Name Rohit Kapoor
    Nationality Indian
    Education Indian School of Business
    Position CEO of Food Delivery Business of Swiggy

    Rohit Kapoor – Personal Life
    Rohit Kapoor – Career
    Rohit Kapoor – Journey So Far
    Rohit Kapoor – Investments
    Rohit Kapoor – Awards & Achievements
    Rohit Kapoor – Unknown Facts

    Rohit Kapoor – Early Life

    Rohit Kapoor earned a PGD from the Indian School of Business, where he placed among the top five students in his class and won the Young Leader Award for having the greatest overall grade in 2006.

    During his graduation time, Rohit has also been engaged in several activities and won achievements like the Torchbearer award for helping brand building for the school and winning the Merit List for core terms.

    Before this, he also studied CFA institute (Charter, Investments, and Securities) from 2001 – 2004

    The book “ISB Portraits” recently included Rohit Kapoor as one of ISB’s most important graduates.

    Besides being an academic scholar, Rohit loves to travel and has a passion for photography.

    Rohit Kapoor – Career

    Rohit Kapoor is a true leader who has about 20 years of experience in leading many companies. Rohit spent over ten years as a consultant with McKinsey & Company before joining OYO. He experienced a wide range of international marketplaces while working at McKinsey.

    Additionally, Max One Distribution, Crossley Remedies, and Antara Senior Living all have Rohit on their boards.

    Rohit Kapoor – Journey So Far

    Rohit Kapoor is now all set to guide one of the leading food delivery enterprises, Swiggy. After serving the hospitality unicorn for 3.6 years, Kapoor announced his resignation.

    He joined the Gurugram-based firm, OYO in December 2018 as the new real estate company’s chief executive officer (CEO), and was promoted to that position a year later to become the Global Chief Marketing Officer of India and South Asia.

    Reports suggest Rohit Kapoor will be in charge of expanding Swiggy’s meal delivery services in his new position.

    In addition, the startup’s organisational structure has been altered. The reason for the change was that it started they were strong but subsequently lost market share to meal delivery rival, Zomato. Swiggy hasn’t debuted on the stock market yet, but Zomato did so last year.

    According to Rohit, the young people of today need more than simply sitting in a room of four walls. They want accommodations with higher levels of comfort and luxuries so they may enjoy life more and pursue their passions without worrying about regular daily-life problems.

    This is what led him to create co-living spaces that will suit young people and students in today’s times. These spaces will give them the freedom to do whatever while reducing the headaches associated with brokers, properties with few or no amenities, maintenance fees, housekeeping services, security deposits, and other such issues that cost them extra bucks.

    Rohit Kapoor – Investments

    Rohit Kapoor is the angel investor at OFB Tech Pvt. Ltd. [Ofbusiness]. It is a technology-driven financing platform for SMEs.

    Rohit Kapoor – Awards & Achievements

    The following are some of the awards Rohit Kapoor has won:

    • Merit List for core terms.
    • Came 4th out of 349 on the Dean’s List.
    • Featured in the ISB Portraits for being one of the talented graduates.

    Rohit Kapoor – Unknown Facts

    Few interesting facts about Rohit Kapoor

    • He cycled from Manali to Leh in 2018.
    • He loves travelling and photography.
    • He loves designing.

    FAQs

    Who is Rohit Kapoor?

    Rohit Kapoor is currently CEO of Swiggy for its food delivery business and formerly was the Chief Marketing Officer of OYO.

    What was the previous role of Rohit Kapoor?

    Rohit Kapoor was the Chief Marketing Officer of OYO.

  • Why do Some of the Top CEOs Take a $1 Salary?

    CEO or the Chief Executive Officer holds the highest ranking in any kind of company. To be able to hold this position is a very big thing, one has to be extremely responsible and hardworking because the entire company depends on them.

    A CEO’s main responsibility includes expanding the business, doing finance-related work, and making all other important decision that is necessary for a company to flourish. All the major decision needs approval from the CEO, and then only they can be established. A CEO also needs to coordinate with their employees with patience; this will result in a proper workflow.

    People might think being a CEO of a company means earning a lot of money in terms of their salary but there is a trend that is emerging in the new world and some CEOs are following it ardently. It may sound unbelievable but there are some CEOs who take $1 for their salary. Yes, you read it right, just $1.

    Some well-known CEOs are already a member of this trend. In this article, we will discuss, why some CEOs take just $1 as their salary and what are its benefits. So, let’s get started.

    “Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” -Jack Welch

    What does $1 Salary Mean?
    History of $1 Salary
    Perks of Taking 1 Dollar Salary
    How CEOs Live With Just $1 Salary?
    Members of $1 Salary Club

    What does $1 Salary Mean?

    One dollar salary is all about when some of the world’s top chief executives take just $1 in the name of salary from their company. Here, they decide to work without taking direct compensation but there is a rule where they have to take a minimal amount for the sake of some legal reasons, so to follow that, they just take $1. This way the CEOs are considered volunteers by taking the minimal amount as their salary.

    History of $1 Salary

    Lee Lacocca - the CEO of Chrysler Corporation
    Lee Lacocca – the CEO of Chrysler Corporation

    This thing started in the early 1900s when the entire world was in a war-torn zone. During World War II, some of the top business leaders willing decided to offer their services for free to the Government. As there was a law, that doesn’t allow the President to accept free service from the businessmen, the concept of a One-dollar salary was born.

    The year 1978 also saw Lee Iacocca, the CEO of Chrysler Corporation adopting this procedure to improve the state of his company after the oil crisis. He asked the Government for their help.

    In the 21st century, there are many wealthy CEOs who are following this ardently, but now the reason is not that they want to offer free services but because it is all about earning huge amounts of money smartly.

    Perks of Taking 1 Dollar Salary

    The fact of taking just $1 may seem very simple but in reality, it is far more compatible and this mode provides a lot of benefits to the CEOs than a regular salary. Some of the benefits are:

    • The biggest reason for the CEOs to obtain this trend is none other than taxes. CEOs take this little amount of salary so that they can avoid paying a hefty sum as tax to the Government.
    • This improves the image of the CEO in front of the public and people start considering that person highly as it seems they are serving their country for almost free.
    • It gives the investors confidence that the CEO will perform better to receive their compensation, thus leaving them no choice but to invest in the company. In the end, this results in getting investments.

    How CEOs Live With Just $1 Salary?

    It is not like the CEO only gets to have one dollar as their salary, apart from that they take compensation from the company in the form of stock or equity, as they are taxed at a much lower rate than regular income.

    When the company performs well, the worth of the shares increase and the CEO’s different forms of income also increases. All of these stocks, bonus packages that are offered to them apart from the one-dollar make up for their ‘sacrifice’ quite well and in fact sometimes even exceed their income.

    Members of $1 Salary Club

    Some of the most renowned CEOs who are the member of this club and ardently follow the trend are:

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    Conclusion

    Being a CEO of a company comes with lots of perks but with also a lot of responsibilities. A CEO needs to take some of the most important decision of the business, there are some CEOs who take hefty sums and there are some who takes just $1 dollar but that doesn’t mean that they are providing their service for free, they are actually earning a lot by their smartness.

    FAQs

    Why do CEOs make $1?

    The CEOs can afford to earn $1 as they make money through other ways like stocks and equity. This also helps them in avoiding taxes.

    What is the minimum salary of a CEO?

    An early career Chief Executive Officer (CEO) with 1-4 years of experience earns an average of ₹983,641.

    Who are the CEOs in the $1 salary club?

    Some of the CEOs who take a $1 dollar salary are:

    • Elon Musk
    • Mark Zuckerberg
    • Meg Whitman
    • Larry Page
    • Sergey Brin

    What is the benefit of taking 1 dollar salary?

    Many CEOs like Elon Musk & Mark Zuckerberg take 1 dollar salaries to maximize the profits of the company and avoid paying huge taxes to the government.

    Who is the first CEO to start taking 1 dollar salary?

    Lee Iacocca, the CEO of Chrysler Corporation reduced his salary to $1 to save the company from bankruptcy.

  • List of Top 10 Highest-Paid CEOs of the World – 2022

    While it’s unsurprising that Covid-19 remains a source of concern for CEOs, other concerns include supply chain disruptions, changing consumer behaviour, labour and employee shortages due to stress and poor mental health, and more To tackle the pandemic’s difficulties, corporate leaders all throughout the World had to act quickly and decisively. Some tried their hardest to keep their businesses afloat, but due to a lack of personnel, resources, demand, or sheer luck, they were unable to manage the difficulties and went to the bottom, while others employed their talents and manpower to perfection and kept themselves and their businesses afloat. Some CEOs could not only overcome obstacles and remain steady in their positions but also advance to the top and flourish. Here are the Top 10 Highest-Paid CEOs in the World right now. These rankings are based on the statistics given by the Fortune 500.

    Highest-Paid CEOs in the World

    1. Elon Musk, CEO of Tesla
    2. Tim Cook, CEO of Apple
    3. Jensen Huang, CEO of NVIDIA
    4. Reed Hastings, CEO of Netflix
    5. Leonard Schleifer, CEO of Regeneron Pharmaceuticals
    6. Marc Benioff, CEO of Salesforce
    7. Satya Nadella, CEO of Microsoft
    8. Robert A. Kotick, CEO of Activision Blizzard
    9. Hock E. Tan, CEO of Broadcom
    10. Safra A. Catz, CEO of Oracle

    Elon Musk, CEO of Tesla

    Earned Compensation: $23.5 Billion

    Elon Musk, CEO of Tesla and SpaceX
    Elon Musk, CEO of Tesla and SpaceX

    Elon Musk is the founder and CEO of SpaceX and Tesla, the most valuable automaker in the World.

    Despite not being paid by Tesla, Musk has been the highest-paid CEO in the US for three years. Instead, when the business achieves specific market capitalization and growth benchmarks, he is awarded stock options. With the help of these options, Musk can buy Tesla stock for a remarkable $70 per share, which at the beginning of January 2022 was trading for close to $1,200 per share. In the first quarter of 2022, Tesla generated $18.76 billion in revenue.

    By exercising some Tesla stock options granted in 2018, Musk received income in 2022 totalling roughly $23.5 billion.

    As of May 25, Elon Musk’s net worth was estimated to be $193 billion. This indicates that Musk has lost 77.6 billion dollars in fortune from the beginning of the year. By net worth, Musk remains the richest person in the World. He also ranked #2 on the Forbes 400 list of 2022.

    Tim Cook, CEO of Apple

    Earned Compensation: $770.5 Million

    Tim Cook, CEO of Apple
    Tim Cook, CEO of Apple

    Cook became Apple’s CEO in 2011 following the passing of Steve Jobs. He has consistently appeared on lists of the highest-paid CEOs for a number of years.

    Apple’s market value has climbed by $2.2 trillion under Cook, and in 2021, the business made $95 billion in profits. The company encountered difficulties due to the global chip scarcity but was successful in starting internal equipment manufacturing.

    Apple outperformed every other American corporation on that front, finishing the year with an enormous $95 billion n earnings. In the first quarter of 2022, Apple generated $97.2 billion in revenue.

    The estimated current net worth of Tim Cook is $2 billion. As part of a 10-year issuance of shares worth $1.7 billion, he received an astounding $770.5 million in 2021 alone. Most people would find Cook’s $3 million salary acceptable, but it is nothing compared to his $10.7 million bonus and $250 million in stock awards.

    In the Forbes list of billionaires of 2022, Cook ranked #1513.

    Jensen Huang, CEO of NVIDIA

    Earned Compensation: $561 Million

    Jensen Huang, CEO of NVIDIA
    Jensen Huang, CEO of NVIDIA

    NVIDIA Corp., founded in 1993, is a tech corporation best known for its graphics chips, artificial intelligence technology, and Shield gaming consoles. Jensen Huang is the company’s co-founder, current CEO, Director, and President.

    Due to the company’s share price increasing by about 60 times over the previous ten years, he realized $561 million in 2022 from the expiration options given in 2011 and 2012. From NVIDIA in the fiscal year ended in 2022, Huang got a total compensation of $23.7 million, out of which $900k was his salary, $18 million was awarded as stock, $4 million was his bonus, and $81k came from other types of compensation.

    Nvidia, which went public in 1999, is 3.6% owned by Huang. NVIDIA’s revenue increased by 61% to a record $12.46 billion in 2021, and it was $7.10 billion in the first quarter of 2022.

    With a $21.3 billion net worth, he came in at #34 on the Forbes 400 list of billionaires for 2022.

    Reed Hastings, CEO of Netflix

    Earned Compensation: $453.5 Million

    Reed Hastings, CEO of Netflix
    Reed Hastings, CEO of Netflix

    The notorious streaming powerhouse Netflix was established in 1997, and Reed Hastings is the company’s co-founder, CEO, and chairman.

    In 2007, under his direction, Netflix transformed from a DVD postal delivery service to a leading online streaming service.

    In 2021, Netflix generated $24.9 billion in revenue, a 23.8% year-over-year rise, and $5.1 billion in operating profit, an 85% year-over-year increase.

    However, as the World reopened after the pandemic, the corporation recently trimmed expenditures due to losing subscribers. Streaming services are another source of rising rivalry for Netflix.

    Hastings’ total remuneration for the 2021 fiscal year was $40 million. Of this amount, $442k came from other forms of income, $39 million came from stock options, and $650k came from salary.

    Reed Hastings’ net worth was $2.9 billion as of 2022. He also ranked #801 on the Forbes list of billionaires in 2022 and #188 on Forbes 400 (2021).

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    Leonard Schleifer, CEO of Regeneron Pharmaceuticals

    Earned Compensation: $452.9 Million

    Leonard Schleifer, CEO of Regeneron Pharmaceuticals
    Leonard Schleifer, CEO of Regeneron Pharmaceuticals

    Leonard Schleifer, the current CEO of the company, founded the biotech company Regeneron Pharmaceuticals in 1988, which deals in the research, creation, testing, manufacturing, and distribution of medications to treat cancer, asthma, and chronic pain.

    Due to the company’s REGEN-COV antibody medication for the prevention and treatment of COVID-19, revenue increased 89.1% in 2021 to reach $16.07 billion.

    The business generated $2.97 billion in revenue in the first quarter of 2022.

    Schleifer received a total payout of $6 million. Of this total, $672 thousand came from other forms of income, $4 million came from bonuses, and $1 million came from salaries. Schleifer’s current net worth is $1.1 billion. He also ranked #2324 on the Forbes list of billionaires in 2022 and #339 on Forbes 400 (2020).

    Marc Benioff, CEO of Salesforce

    Earned Compensation: $439.4 Million

    Marc Benioff, CEO of Salesforce
    Marc Benioff, CEO of Salesforce

    In 1999, Benioff established Salesforce, a company that creates cloud-based enterprise software for customer relationship management with the tagline “The End of Software.” Sales force automation, community management, a salesforce platform, solutions tailored to particular industries, digital commerce, customer service and support, collaboration, and marketing automation are some of its solutions. Additionally, the company offers consulting, counselling, support, and training services.

    In 2021, revenue increased by 24.7%, reaching a total of $21.25 billion. Revenue increased by 24% year over year to $7.41 billion in the first quarter of 2022.

    His base pay of $1,440,000, cash bonuses of $2,816,640, and benefits of $1,291,541 make up his $39,907,534 in yearly income.

    Additionally, he was listed #74 on the Forbes 400 in 2021 and #275 on the Forbes list of billionaires in 2022.

    Satya Nadella, CEO of Microsoft

    Earned Compensation: $309.4 million

    Satya Nadella, CEO of Microsoft
    Satya Nadella, CEO of Microsoft

    In 2014, billionaire Satya Nadella succeeded billionaire Steve Ballmer as CEO of Microsoft. Nadella formerly held the position of Microsoft EVP for the cloud and enterprise group. Nadella’s peers probably think he merits a large salary. In place of the company’s faltering mobile strategy, he has steered it toward alternative markets like cloud computing and augmented reality.

    A chip shortage that affected Xbox game systems was another issue the corporation had to deal with. Microsoft reported $168 billion in total revenue in 2021, an increase of 17.5%, and $7.8 billion in the first quarter of 2022.

    The total remuneration received by Satya Nadella was $49.8 million. A salary of $2.5 million was paid out of this amount, along with bonuses of $14.2 million, stock awards of $33 million, and other forms of compensation of $109 thousand.

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    Robert A. Kotick, CEO of Activision Blizzard

    Earned Compensation: $296.7 Million

    In 1991, Kotick was appointed Activision’s CEO. The gaming behemoth creates and publishes interactive entertainment, and its most well-known titles include Call of Duty and World of Warcraft.

    Kotick made $296.7 million from the value of vested restricted shares last year. In spite of Kotick’s personal handling of assault claims at the game producer and several lawsuits alleging harassment, and sexism, Microsoft decided to purchase Activision in January for $68.7 billion, making it the company’s largest acquisition to date.

    Kotick received total compensation of $826.5k, of which $108.5k came from different sources of compensation, and $718k was salary.

    Hock E. Tan, CEO of Broadcom

    Earned Compensation: $288 Million

    Hock E. Tan, CEO of Broadcom
    Hock E. Tan, CEO of Broadcom

    Tan, raised in Malaysia, received a scholarship to attend MIT before starting his career. Since Avago purchased the semiconductor business in 2015 for $37 billion, he has served as CEO of Broadcom.

    A leading provider of infrastructure software and semiconductors, Broadcom is a multinational technology business. It uses infrastructure software, semiconductor products, and IP licensing to operate.

    In 2021, the company’s revenue increased 14.9% to $27.4 billion.

    Tan received total pay of $60 million, including a salary of $1.2 million, a bonus of $5.4 million, $54 million in stock, and $46,000 in other forms of compensation.

    Safra A. Catz, CEO of Oracle

    Earned Compensation: $239.5 Million

    Safra A. Catz, CEO of Oracle
    Safra A. Catz, CEO of Oracle

    Safra A. Catz has travelled a long but rewarding path. Prior to joining Oracle as a Senior Vice President in 1999, she worked as a banker. She then joined Mark Hurd as Co-CEO of Oracle in 2014. Hurd retired in 2019, citing health concerns, and Catz took over as CEO.

    Oracle has seen slow revenue growth in recent years despite offering products and services that address many facets of corporate information technology settings. It is best recognized for its database software. As of May 2022, the regulatory approval process for Oracle’s $28 billion acquisition of Cerner, a provider of electronic health records, was still ongoing in the United States and Europe.

    Catz received a total payout of $10 million. $950 thousand of this total was earned as a salary, $9 million as a bonus, and $96 thousand from other forms of compensation.

    Catz has a net worth of $1.4 billion. Additionally, she was listed #19 on the Forbes list of America’s Self-Made Women in 2022 and #1922 on the Forbes list of billionaires in 2022.

    Conclusion

    While these CEOs are on the top, others are climbing this stairwell, like Eric Yuan, Ann-Marie Campbell, Amrita Ahuja, Satya Nadella, Lisa Barton, and many more. Some of them are doing it at a very fast pace, while others are playing it steady. It won’t be long before these names are among the highest-paid CEOs in the World.

    FAQs

    Who are the highest-paid CEOs in the world?

    Top 10 Highest-Paid CEOs in the world are:

    • Elon Musk, CEO of Tesla
    • Tim Cook, CEO of Apple
    • Jensen Huang, CEO of NVIDIA
    • Reed Hastings, CEO of Netflix
    • Leonard Schleifer, CEO of Regeneron Pharmaceuticals
    • Marc Benioff, CEO of Salesforce
    • Satya Nadella, CEO of Microsoft
    • Robert A. Kotick, CEO of Activision Blizzard
    • Hock E. Tan, CEO of Broadcom
    • Safra A. Catz, CEO of Oracle

    Who is the highest-paid CEO in the world?

    Elon Musk is the highest-paid CEO in the world with an annual compensation of $23.5 billion.

    Who is the highest-paid female CEO?

    Safra A. Catz, CEO of Oracle is the highest-paid female CEO. She got an annual compensation of $239.5 million in 2021.

    What is the revenue of Tesla?

    Tesla brought a revenue of $53.8 billion in 2021.

    What is Elon Musk’s salary at Tesla?

    Elon Musk got annual compensation of $23.5 billion from Tesla in 2021.

    Who is the richest CEO in the world?

    Elon Musk is the richest CEO in the world with a net worth of $227 billion.

  • Parag Agrawal – The Journey of an Indian-origin CEO of Twitter

    Indians are leading worldwide roles in some of the world’s largest businesses, from Google’s Sundar Pichai to Microsoft’s Satya Nadella, Adobe’s Shantanu Narayen to IBM’s Arvind Krishna. India boasts the world’s biggest expatriate and a massive source of IT expertise that serves some of the world’s most prestigious corporations.

    People over social media went gaga on 29th November 2021, as one more hero joined this list. When former Twitter CEO Jack Dorsey abruptly stepped down on Monday, he handed the reins to Parag Agrawal, a software engineer who has worked closely with Dorsey in establishing the company’s future.

    Dorsey’s faith in Agrawal as CEO is “bone-deep,” the departing CEO said in an email to staff on Monday. “Given how completely he understands the firm and its requirements, he’s been my choice for some time,” Dorsey stated. Know more about this gentleman, in this article.

    Parag Agrawal – Biography

    Name Parag Agrawal
    Year of Birth 1981
    Age 37 Year Old
    Nationality Indian, American
    Education B.Tech. degree in Computer Science and Engineering from IIT Bombay
    Profession Computer Scientist
    Title CEO of Twitter
    Net worth US$3 million
    Wife Vineeta Agrawal

    Parag Agrawal – Early Life
    Parag Agrawal – Career
    Parag Agrawal – Salary and Net Worth
    Parag Agrawal – Journey with Twitter
    Parag Agrawal – The CEO of Twitter
    Parag Agrawal – Unknown Facts

    Parag Agrawal – Early Life

    Parag Agarwal was born in India in the year 1976. He graduated with honours from the Atomic Energy Central School (AECS). He then subsequently travelled to Mumbai to pursue his bachelor’s degree in engineering at the India Institute of Technology (IIT).

    Recently IIT Bombay also recognized and valued its alumni for their contributions to the world of technology. He moved on to Stanford University to earn his Ph.D. degree after graduating from college. While at Stanford, Parag Agarwal interned at various technology giants like Microsoft, Yahoo, and AT&T Labs and gained good hands-on industry experience.

    Parag Agrawal's Family
    Parag Agrawal’s Family

    Vinita Agrawal is Parag Agrawal’s wife. They have a daughter named Anamika Agrawal.

    Parag Agrawal – Career

    Parag Agrawal began working at Twitter in 2011 after working as a student for firms such as Microsoft, AT&T, and Yahoo. Initially, Parag Agarwal focused on advertising-related goods. He afterwards moved on to Artificial Intelligence. On March 8th, 2018, Parag Agarwal was named as Chief Technology Officer (CTO) of Twitter.

    His early work as CTO focused on using artificial intelligence to improve the relevancy of tweets in the Twitter timeline. Parag Agarwal has been named the next CEO of Twitter, just ten years after joining the company.

    Parag Agrawal – Salary and Net Worth

    Parag’s net worth is estimated to be $3 million. He will be worth millions of dollars in no time thanks to the significant rise in his basic income and bonuses. Parag will get $1 million yearly remunerations and $12.5 million in stock compensation as CEO of Twitter, according to the company.

    Parag Agrawal – Journey with Twitter

    In an email to Twitter employees, Agrawal stated that the firm had less than 1,000 employees when he started. He wrote, “I’ve walked in your shoes, I’ve seen the ups and downs, difficulties and barriers, successes and blunders.”

    As Twitter tries to shake off a reputation for being sluggish to develop, he’s focused on machine learning and other technological breakthroughs that have allowed it to bring out new features and products more swiftly.

    The board of Twitter, according to sources, had been seeking a full-time CEO for the social media business for the past year. Jack Dorsey co-founded Twitter in 2006 and served as its CEO until 2008 when he was fired. After former CEO Dick Costolo left in 2015, he returned to the firm as an executive.

    Parag published a statement expressing his thanks.

    “Thank you very much, Jack. I’m both honoured and humbled by this. And I appreciate your continuous mentoring and friendship ” – Parag Agrawal

    Agrawal reflected on his experience at the firm, saying:

    “Right now, the world is watching us much more than before. Let’s demonstrate Twitter’s full potential to the rest of the world “.

    Parag Agrawal – The CEO of Twitter

    At a time when Twitter is actively seeking new ways to expand its user base, Agarwal’s appointment comes at a fortunate moment for him. By the end of 2023, the company expects to have 315 million DAUs (Daily Active Users) and expect to have more than doubled its annual revenue. He takes over as CEO at a time when the corporation has been criticized by investors for failing to create a new monetisable product in years, prompting the announcement of the 2023 plan.

    Parag Agrawal – Unknown Facts

    Here are some amazing facts about Parag Agrawal:

    • He is a machine learning expert who has played a key role in Twitter’s adoption of the technology.
    • According to his thesis adviser, Parag was born in Mumbai and has a strong knowledge of mathematics as well as experience working with massive datasets.
    • According to a New York Times story citing Silicon Valley insiders, Parag is “quiet, courteous, profoundly technical, and passionate about an internet where power and control are given back to people,” exactly like Jack Dorsey.
    • At the 2001 International Physics Olympiad in Turkey, Agrawal received a gold medal.
    • Parag is an adventurer who loves to do skiing and hiking. Along with that, he is fond of trying new dishes and eating a variety of food.
    • Even though Parag lives in the US, he celebrates all the major Indian festivals like Holi and Diwali.
    • Bollywood’s famous singer Shreya Ghoshal is reportedly known to be Parag’s classmate.
    • Parag is an avid cricket lover and loves to watch cricket matches in the stadium.
    • As per unknown sources, Parag secured a 77thrank in his IIT JEE exams.

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    Conclusion

    The promotion of Parag Agrawal, Twitter’s former Chief Technological Officer, underscores the importance of immigrants in the world’s leading technology organisations. He joins Microsoft’s Satya Nadella, Adobe Inc.’s Shantanu Narayen, International Business Machines Corp.’s Arvind Krishna, and Alphabet Inc.’s Sundar Pichai as the highest-profile executives of Indian-origin in the United States.

    Agrawal has kept a quiet profile thus far, concentrating his knowledge in product development and market research. Before becoming CTO, he was recognised as Twitter’s first notable engineer for his contributions to audience growth and revenue. Now that he’s the CEO, he’ll have to navigate a friendlier path with India if he wants to achieve his ambitions of growing Twitter’s reach.

    FAQs

    Who is the wife of Parag Agrawal?

    Parag is married to Vineeta Agrawal.

    What is the age of Parag Agrawal?

    Parag Agrawal was born on 21 May 1984. He is 38 years old.

    What is the net worth of Parag Agrawal?

    The net worth of Parag Agrawal is $3 million.

    When was Parag Agrawal appointed as the CEO of Twitter?

    Parag Agrawal was appointed as the CEO of Twitter in November 2021.

  • Top 10 Successful Black CEOs in America

    There are a lot of negatives associated with the word “Black” when asked, “what does it stand for?”. For a very long period, people of colour and the black community have been misunderstood to a point that they at times feel apologetic for being black. There is a lot of frustration with the violence, racism, and underrepresentation faced by people of the Black race simply because they are Black.

    There are powerful leaders like Malcolm X, Muhammad Ali, Martin Luther King Jr. and many more from the black community who, even when faced with struggles, barriers, misconceptions, racism and other problems have continued to show what it means to be black and proud.

    Their work and identity reflect and continue to empower the community and give them the representation that is needed. Let’s look at the top black CEOs of America. These powerful people have shattered barriers and created role models for people of colour to look up to.

    1. Muhga Eltigani
    2. Oprah Winfrey
    3. Dr Tony Coles
    4. Robyn Rihanna Fenty
    5. Marvin Ellison
    6. Ursula Burns
    7. Don Thompson
    8. Mary Winston
    9. Ted W Love
    10. Toni Newman

    Lack of Representation of Black CEOs

    It is the 21st century and discrimination still persists. In general, black people are not promoted to leadership positions as often as others are. Only four CEOs Roz Brewer, Thasunda Brown Duckett, Marvin Ellison and René Jones made it to the list of leading Fortune 500 companies in the year 2021. One of the most talked-about CEO this year Elon Musk’s Tesla was ranked at the 100 in 2021.

    We have curated a list of the black CEOs that have been successful in leading some of the top organizations working in industries as diverse as healthcare to consumer goods. Besides rescuing businesses that had their heads above water in diverse industries, these leaders have created space for inspiration for their community in the USA.

    Here’s a list of the top 10 Black CEOs in America

    1. Muhga Eltigani

    Founder & CEO: NaturAll Club

    Headquartered in: Philadelphia, Pennsylvania

    Term: 2015 – Present

    Industry: Consumer Goods

    Muhga Eltigani, Founder of NaturAll Club
    Muhga Eltigani, Founder of NaturAll Club

    Being excited about how women are leading from different dynamics and emerging as leaders in today’s society, Mugha said:

    I want to be a part of that. And I want to give back.

    Her passion for helping the community love and inspire itself is one of the things that drives her to keep at it. She graduated from the University of Pennsylvania with a Bachelor of Arts in International Relations; African Studies, and Religious Studies, Muhga Eltigani is a Founder/Chief Executive Officer at NaturAll Club.

    NaturAll provides a subscription-based service that aims at promoting clean beauty standards with hair products that are freshly made using ingredients such as avocados, bananas and coconut crème. These ingredients are found to help hair become healthier. The products can be customized according to the person’s hair care needs.

    Having a conflicting relationship with her hair, she was inspired by the homemade products of African women while interning in Ghana and visiting family in Sudan. Mugha began experimenting with natural ingredients in her own hair when she decided to embrace the idea, and later shared these recipes on her YouTube channel.

    Let go of her law school, making the move to build a startup with co-founder Sam Roberts, pooling in her own personal savings for the NaturAll Club. She has been an active member of various societies including Sphinx Senior Society, Onyx Honor Society and Sigma Loto Rho.

    Achievements of Muhga Eltigani

    Eltigani has been honoured by Forbes 30 Under 30, Inc. Magazine’s 30 Under 30 in Business, Business Insider, and Essence and received awards that include:

    • Stephen Wise Award (Office of the Chaplain at Univ. Of Pennsylvania—April 2014)
    • Human Rights Award (Jubilee School – May 2014)
    • Sigma Iota Rho (International Relations Honor Society)
    • Black Alumni Association Student Leadership Award (University of Pennsylvania, April 2014) (Academic Year 2012-2013; Summer 2013) Sphinx Senior Society
    • Foreign Language and Area Studies Award
    • Onyx Senior Honor Society

    2. Oprah Winfrey

    CEO: Oprah Winfrey Network (OWN)

    Headquartered in: Los Angeles, California

    Term: 2011 – Present

    Industry: Entertainment

    Oprah Winfrey, Founder and CEO of Oprah Winfrey Network
    Oprah Winfrey, Founder and CEO of Oprah Winfrey Network

    The biggest adventure you can take is to live the life of your dreams – Oprah Winfrey

    Oprah Winfrey has achieved it all, from writing a book to hosting her own talk show. She is an actress, producer, publisher, innovator and philanthropist. But just in case it escaped your notice, she is also the CEO of the successful cable network Oprah Winfrey Network (OWN).

    OWN is a joint venture between Harpo, Inc. and Discovery Communications. It was available in 85 million homes when it launched on January 1, 2011. Inspired by the iconic leader herself, she attracts superstar talent to join her in prime time, building a global community of like-minded viewers and leading that community to connect on social media and beyond.

    According to a Forbes report for 2020, it was estimated to be 37 million. The net worth of Oprah Winfrey as of 2022 is 3.5 billion dollars.

    The global media leader has been involved in various activities, volunteering for the Oprah Winfrey Leadership Academy Foundation and Angel Network.

    Achievements of Oprah Winfrey

    Oprah has received the following awards for her work:

    • Academy Award for Best Supporting Actress: The Color Purple: Nominated (1986)
    • Won Jean Hersholt Humanitarian Award in 2011.
    • Was awarded the Presidential Medal of Freedom in 2013.
    • Academy Award for Best Picture: Selma: Nominated (2015)

    3. Dr Tony Coles

    President, Chairman, and CEO: Cerevel Therapeutics

    Headquartered in: Cambridge Massachusetts

    Term: 2018 – Present

    Industry: Pharmaceutical manufacturing

    Tony Coles, CEO of Cerevel Therapeutics
    Tony Coles, CEO of Cerevel Therapeutics

    Dr Tony Coles is the CEO of Cerevel Therapeutics. He has also worked for the following organizations in the past as the CEO:

    • Ex-CEO of TRATE Enterprises, LLC
    • Ex-CEO of Yumanity Therapeutics
    • Ex-CEO of Onyx Pharmaceuticals, Inc.
    • Ex-CEO NPS Pharmaceuticals, Inc.

    Dr Tony Coles has earned the following degrees:

    • B.S. degree from Johns Hopkins University in Baltimore, Maryland
    • M.S. degree in public health from Harvard University in Cambridge, Massachusetts
    • And his M.D. degree from Duke University in Durham, North Carolina.

    Before working for Cereval Therapeutics Dr. Cole has also worked with, ACE inhibitor drugs, LLC, Merck & Co., Onyx Pharmaceuticals, TRATE Enterprises, Vertex Pharmaceuticals, and Yumanity Therapeutics.

    Cerevel Therapeutics operates as a clinical-stage biopharmaceutical company, which was formed through a partnership with Pfizer and Bain Capital in the year 2018. The company incorporates an understanding of the biology and neuro circuitry of the brain with advanced chemistry and central nervous system (CNS) receptor pharmacology. To help discover and develop novel therapies focusing on neuroscience diseases. The pharmaceutical manufacturing company has its funding from Crunchbase itself.

    Tony Coles is an active member of multiple communities and national organizations, such as:

    • The board of trustees at Johns Hopkins University and Johns Hopkins Medicine
    • NPS Pharmaceuticals, Inc.
    • The Smithsonian’s National Museum of African American History and Culture
    • The board of trustees for the Metropolitan Museum of Art in New York, and the Council of Foreign Relations.

    Tony Coles is a director at:

    • Campus Crest Communities, Inc.
    • Laboratory Corporation of America Holdings
    • McKesson Corporation, and Regeneron Pharmaceuticals, Inc.
    • Paralympic Foundation
    • The U.S. Olympic

    4. Robyn Rihanna Fenty

    Founder and CEO: Fenty Beauty and Clara Lionel Foundation

    Headquartered in: San Francisco, California

    Term: 2017 – Present

    Industry: Cosmetics

    Rihanna Fenty, founder and CEO of Fenty Beauty and Clara Lionel Foundation
    Rihanna Fenty, founder and CEO of Fenty Beauty and Clara Lionel Foundation

    “It’s important for me to know who I am. There’s no way for people to know me.” – Robyn Rihanna Fenty

    Born in Barbados in 1998 Rihanna has a history of a rough past with her parents’ divorce. In her teens, she enjoyed making music with her classmates and was eventually introduced to record producer Evan Rogers by her friends.

    Travelling to Connecticut to work on her four-song demo album that included “Pon de replay” which later became her first hit single. Impressed with her singing skills Jay – Z collaborated with her on one of her other albums Music of the Sun which became platinum. Since her career took off Rihanna has been on a successful journey. She is an actress, a singer, a businesswoman and a mom.

    The makeup line that was launched by the fashion, music and beauty icon: Fenty Beauty is very well known. Riris’ cosmetic brand was launched with the aim of inclusivity inspired by her personal style, which has made her a billionaire. Rihanna is the founder and CEO of Fenty Beauty.

    Since the launch of the brand, it has become a label for disruption of the market and expansion into other domains as well through collaborations. This includes Fenty Beauty, Fenty Skin, Savage × Fenty.

    She has also been involved in charity work. She started to honour her grandparents, and she is the founder of the Clara Lionel Foundation which supports health and emergency response programs and effective education around the world. One of her most recent investments includes Destree.

    Achievements of Rihanna Fenty:

    • Being listed as one of the Top 100 Most Influential People by Time magazine.
    • Became the Creative Director for the brand Puma in 2014.
    • Winning 9 Grammys, 12 Billboard Awards, and two BRIT Awards.
    • Expanding her brand from Fenty Beauty, Savage × Fenty, and Fenty Skincare.

    5. Marvin Ellison

    Chairman, President & CEO: Lowe’s

    Headquartered in: Mooresville, North Carolina

    Term: 2018 – Present

    Industry: Retail

    Marvin Ellison, CEO of Lowe's
    Marvin Ellison, CEO of Lowe’s

    “One of our core behaviors is to show courage, and I ask you to demonstrate that by raising opportunities that need to be addressed.” –

    Lowe’s continues to fulfil its commitment to improving the homes and businesses of homeowners, renters, and professionals. It has grown from a small-town hardware store to one of the largest home improvement retailers around the globe. The company has more than 2,200 stores and approximately 300,000 workers in the USA and Canada and generated revenue of $96.3 billion in 2021.

    Before joining Lowe’s Marvin served as chairman and CEO of J.C. Penney Co. He is also the first African American to be President and CEO of two Fortune 500 companies.

    His early life was marked by poverty and the limitations of living in rural and impoverished conditions. Despite these challenges, he majored in business at the University of Memphis. Juggling odd jobs, he managed to pay for his tuition fees.

    Graduating with a Business Administration degree in Marketing and later earned his MBA at Emory University in Atlanta, Georgia. He built his career in retail. He has worked for Target, Home Depot, Global Logistics, and JCPenney.

    After leaving JCPenney, he joined Lowe’s and became CEO in 2018. The result of his leadership was an increase in the stock price of the company and its ranking on the Fortune 500 list of America’s 500 largest corporations by revenue.

    The committees Marvin is a member of:

    • FedEx Corporation, Board Member
    • Retail Industry Leaders Association, Board Member
    • The University of Memphis, Board of Trustees
    • The Business Council

    Marvin with his wife Sharyn is committed to serving within their faith and communities. Mainly through the support of organizations that promote higher education, self-empowerment and excellence for minority youth.

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    6. Ursula Burns

    Former CEO: Xerox Holdings

    Headquartered in: Norwalk, Connecticut

    Term: 2009 – 2017

    Industry: Information technologies and services

    Ursula Burns, Former CEO of Xerox
    Ursula Burns, Former CEO of Xerox

    “Dreams do come true, but not without the help of others, a good education, a strong work ethic, and the courage to lean in” – Ursula Burns

    Known as among the first black women to be a CEO and succeed as the head of a Fortune 500 company. Born in New York and raised in a low-income housing project in Manhattan Ursula was raised by a single mother.

    She obtained a bachelor of science degree in the field of Mechanical Engineering from the Polytechnic Institute of New York University in Brooklyn and a Master of Science from Columbia University. She joined Xerox as a summer mechanical engineering intern and later became a full-time employee there.

    She was appointed as the CEO of Xerox Holdings in the year 2010. She led the company to success, turning it into a valuable business. In 2015 the company generated $18 billion in revenue. She stepped down from the position of the company after Xerox was split into two publicly traded companies: Conduent and a newly created Xerox.

    Xerox Holdings Corporation is a holding company. The Company provides printers, scanners, supplies, and accessories through its subsidiaries. The company also serves the health care, insurance, government, and retail sectors across the globe. Xerox had previously focused only on document technology, for which Ursula was named as chairwoman, a $1 billion division.

    Achievements of Ursula Burns:

    • Serving as Chairwoman of VEON in 2017
    • Being the first African-American woman to lead an S&P 500 company.
    • Being a founding member of Change the Equation, a CEO-led non-profit program to boost STEM education in 2010 that was launched by the Obama administration.
    • Being a member of the Uber board of directors.

    7. Don Thompson

    Former CEO: McDonald’s

    CEO: Cleveland Avenue

    Headquartered in: Chicago, Illinois

    Term: 2015 – Present

    Industry: Restaurant

    Don Thompson, Former CEO of McDonald's
    Don Thompson, Former CEO of McDonald’s

    Born in 1963, Chicago Don Thompson paved the way for the many firsts in the history of McDonald’s for the black community. He pursued a bachelor’s degree in electrical engineering from Purdue University in Indiana. Graduated with a defence systems job as an engineering specialist with the Northrop Corporation in the Chicago suburb of Rolling Meadows.

    Starting as a robotics engineer at McDonald’s he worked for the company for twenty-three years. As he was promoted, he also became the first Senior Vice President and Restaurant Support Officer for the company in the Midwest division. As a CEO, the job definitely came with many challenges as it required constant travelling for him.

    He developed innovations for the global market during his time as an executive. He made impressive changes overseeing the menu that was curated based on local markets, field operations, and more. As a result, the company’s improvement rate and success increased. Thompson served as the CEO of the world’s fastest-growing food chain: McDonald’s globally for five years, which made history.

    MC Donald’s is the place that truly stands for food, folks and fun where you can unwind and spend some quality time with your loved ones over food. Be it for birthdays or breakfast, MC Donald’s has become the go-to place for people of all age groups.

    Quoting on what it felt like being the CEO: Thompson admitted that he had not given much thought to the question of what it would be like to be the CEO of McDonald’s, but nevertheless grabbed the opportunity when offered the role not just for his benefit, “but for those who look like us and came up like us”.

    Don Thompson served on the Board of Directors for the following companies:

    McDonald’s Corporation, Ronald McDonald House Charities, Catalyst, Northwestern Memorial Hospital and Purdue University

    Don Thompson is a member of the following organizations:

    • The Civic Committee of the Commercial Club
    • The Economic Club
    • World Business Chicago
    • and the Brazier Foundation

    Achievements of Don Thompson

    • He was the first black CEO at McDonald’s in almost a century of history.
    • He has been listed as Black Enterprise’s 2007 Corporate Executive of the Year.
    • One of BLACK ENTERPRISE’s 100 Most Powerful Executives in Corporate America.

    After quitting his job, he still continues to engage himself in different initiatives to empower the black community. Thompson currently is the CEO of Cleveland Avenue Foundation for Education (The CAFE) which he founded in 2014 with his wife Liz Thompson with the goal of bringing equity to the black community and breaking racial barriers. Currently, he lives with his wife Elizabeth and two children near Chicago Land.

    8. Mary Winston

    Former CEO: Bed Bath & Beyond

    Term: 7 months

    Headquartered in: New Jersey, New York

    Industry: Retail

    Mary Winston, Former CEO of Bath & Beyond
    Mary Winston, Former CEO of Bath & Beyond

    Winston is a well-respected leader who has served as an EVP & chief financial officer for a large fortune 300 retailer, as well as two other large companies, leading sizable financial organizations for years on large public company boards and audit committees for many years.

    She is also the first black woman to head a Fortune 500 company after Ursula Burns and is listed as one of the most powerful women in corporate America.

    Winston has extensive experience in all aspects of finance and accounting, as well as M&A, organizational strategy, cost restructuring programs, corporate governance/ compliance, and investor relations/communications.

    This e-commerce business dealing with retail has a wide range of categories some of which include: bedding, bath, kitchen, dining, storage and cleaning and much more. Aiming at one goal: making people feel at home. In addition to this, the company fosters a culture that is diverse and equity-based, as well as customer-centric.

    The corporate and retail industries are now the only industries that she has experience with; the others include retail, publishing/media, manufacturing and pharma.

    Her public boards and memberships include:

    • Acuity Brands, Inc.
    • Chipotle Mexican Grill, Inc.
    • Dover Corporation

    Achievements of Winston

    • Corporate Directors to Watch, Issued by Directors & Boards Magazine—Jan 2017
    • Most Powerful Corporate Directors Issued by Savoy Magazine, January 2016
    • Most Powerful Women in Business in 2015, 2010, 2006

    9. Ted W Love

    CEO: Global Blood Therapeutics

    Headquartered in: South San Francisco, California

    Term: 2014 – Present

    Industry: Biotechnology

    Ted Love, President and CEO of Global Blood Therapeutics
    Ted Love, President and CEO of Global Blood Therapeutics

    Ted Love is the president and CEO of Global Blood Therapeutics. Earned his B.A. in molecular biology from Haverford College and an M.D. from Yale Medical School. He completed his residency and fellowship training in internal medicine and cardiology at Harvard Medical School and Massachusetts General Hospital. He later served as a faculty member in the department of cardiology there.

    Global Blood Therapeutics has a history of ten years of remaining committed to its goal of changing the paradigm of how SCD (sickle cell disease) is treated. They develop and create treatments for people living with blood-based disorders, starting with sickle cell disease. GBT has also developed the first drug that was approved by the FDA targeting the underlying cause of sickle cell disease rather than just its symptoms.

    He has held a variety of positions in the pharmaceutical and biotechnology industries.

    • President, Chief Executive Officer and Chairman of the Board of Directors at the Nuvelo
    • Served as Senior Vice President of Development at Theravance Inc.
    • Worked at Genentech, Inc. holding several senior management positions
    • Chairman of Genentech’s Product Development Committee

    He has been on the following boards:

    • Bio-Rad Laboratories, Inc.
    • Predix Pharmaceuticals, Inc.
    • Santarus, Inc.
    • Affymax, Inc.
    • ARCA biopharma, Inc.
    • The California Institute for Regenerative Medicine (CIRM) Independent Citizens’ Oversight Committee)

    10. Toni Newman

    CEO: Black AIDS Institute

    Headquartered in: Los Angeles

    Term: 2021 – Present

    Industry: Healthcare

    Toni Newman, CEO of Black AIDS Institute
    Toni Newman, CEO of Black AIDS Institute

    She has earned her identity and is proud of it, facing challenges like finding herself in a world where she fought to earn it. Despite losing her family and friends’ support, employment and shelter. Toni still found the courage to continue to seek the path that was right for her. The estimated Net Worth of Toni Newman is $1 million dollars.

    Toni Newman is a member of the African American transgender community. Born in North Carolina, she earned her BA degree in sociology from Wake Forest University and has been studying at the ALU School of Law, a current candidate for her Juris Doctorate (JD).

    Toni Newman is also the author of the best-selling memoir I Rise-The Transformation of Toni Newman, which has been nominated for two Lambda literary awards in the categories of memoirs and transgender non-fiction. Which was also adapted into a feature film with the title “The Heart of a Woman”

    Committed to ending the HIV epidemic formerly known as the African American AIDS Policy Training Institute. It was founded by Phil Willson in 1999. Black Aids Institute is a national non-profit organization making people aware and ending HIV in black America while engaging and working with black institutions and leaders.

    Newman has experience working in:

    • Chair Of the Board of Directors for TransCanWork, Inc
    • Faculty Member at Transgender Strategy Center
    • Co-Founder/CEO at SPI Productions LLC
    • Interim Director of Employment Services at SF LGBT Center
    • Executive Director at JAMES ST. JAMES INFIRMARY
    • Development Director at Maitri compassionate care
    • Fundraiser/ legislative assistant at Equality California
    • Interim Director of Development and Communication at T.H.E. (To Help Everyone) Health and Wellness Centers
    • Interim Executive Director/President at LYRIC

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    Conclusion

    Overcoming barriers, shattering stereotypes and paving the way for future generations. They have proven what they bring to the table and what they can do to create change, as black CEOs with the power to lead. All the while giving back to their communities will drive success at some of the most successful organizations in America.

    FAQs

    Which company has black CEO?

    Some of the companies that have black CEOs are:

    • Craig Arnold, Eaton
    • Rosalind ‘Roz’ Brewer, Walgreens Boots Alliance
    • Thasunda Brown Duckett, TIAA
    • Marvin Ellison, Lowe’s
    • Janice Bryant Howroyd, ActOne
    • Paul Mola, Roswell Biotechnologies
    • Toni Newman, Black AIDS Institute

    Who was the first black woman CEO?

    Ursula Burns was the first black woman CEO. She became the CEO of Xerox in 2009.

    Who was the first black CEO?

    Clifton R.Wharton, Jr. was the first black CEO of TIAA-CREF he took the charge of the company in 1987.