Age, Biography and Wiki

Jeff Immelt (Jeffrey Robert Immelt) was born on 19 February, 1956 in Cincinnati, Ohio, U.S., is an American businessman. Discover Jeff Immelt's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 68 years old?

Popular As Jeffrey Robert Immelt
Occupation Manufacturing executive, philanthropist
Age 68 years old
Zodiac Sign Aquarius
Born 19 February 1956
Birthday 19 February
Birthplace Cincinnati, Ohio, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 19 February. He is a member of famous executive with the age 68 years old group.

Jeff Immelt Height, Weight & Measurements

At 68 years old, Jeff Immelt height is 1.93 m .

Physical Status
Height 1.93 m
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Jeff Immelt's Wife?

His wife is Andrea Immelt

Family
Parents Not Available
Wife Andrea Immelt
Sibling Not Available
Children 1 daughter

Jeff Immelt Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Jeff Immelt worth at the age of 68 years old? Jeff Immelt’s income source is mostly from being a successful executive. He is from United States. We have estimated Jeff Immelt's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income executive

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Timeline

1956

Jeffrey Robert Immelt (born February 19, 1956) is an American manufacturing executive and philanthropist currently working as a venture partner at New Enterprise Associates.

Immelt was born on February 19, 1956, in Cincinnati, the son of Donna Rosemary (née Wallace), a school teacher, and Joseph Francis Immelt, who managed the General Electric Aircraft Engines Division.

Immelt attended Finneytown Secondary Campus.

There he captained the football and basketball teams.

In college he played football and was an offensive tackle.

1978

He earned an A.B. in applied mathematics and economics cum laude from Dartmouth College in 1978.

He was president of his fraternity, Phi Delta Alpha.

During his years at Dartmouth he worked summers on a Ford assembly line in Cincinnati; after graduating he worked for Procter & Gamble, where he shared a cubicle with Steve Ballmer, who went on to become CEO of Microsoft.

1982

He obtained an MBA from Harvard Business School in 1982 and described business school as "one of the most intense times of your life."

He was later offered to work for Morgan Stanley, which he declined.

Instead, he wanted to work for General Electric like his father.

Immelt joined General Electric in 1982, working in GE's plastics, appliances, and healthcare businesses.

1989

He became a GE corporate officer in 1989, joined the GE Capital board in 1997 and took the reins of the corporate leadership of GE Healthcare before assuming his position as CEO in 2001.

Four days after Immelt became CEO, the September 11 attacks took place which cost GE's insurance division $600 million, killed two employees and directly affected the company's Aircraft Engines sector.

After becoming CEO, Immelt offered an expanded set of financial reports in addition to GE's traditional format.

2001

He previously served as the CEO of General Electric from 2001 to 2017, and the CEO of GE's Medical Systems division from 1997 to 2000.

Immelt's tenure saw GE's largest divestments in the company's history, as the company sold almost two-thirds of its subsidiaries and assets.

At the end of 2001 when Immelt replaced Jack Welch, GE employed 219,000 worldwide and 125,000 in the US, as reported in its SEC Form 10K for 2001.

2002

Employment had dropped from 315,000 in 2002 to 307,000 in 2013.

Immelt's executive compensation has fluctuated significantly throughout his managerial career.

2004

Immelt participated actively in mergers and acquisitions, purchasing Amersham PLC for $9.5 billion in 2004 and Alstom's power business for approximately €12.4 billion in 2015.

2005

GE restated its earnings in 2005 and agreed to pay the SEC $50 million to settle allegations of accounting fraud in 2009.

2007

Immelt sold GE's plastics business for $11.6 billion in 2007, NBC Universal for $8 billion in 2013, and GE's appliances business for $3.3 billion in 2014.

As CEO of General Electric in 2007, Immelt earned a total compensation of $14,209,267.

2008

In 2008, he earned a total compensation of $5,717,469.

2009

In 2009, Immelt earned a total compensation of $5,487,155.

2010

General Electric year end employment has varied from 273,000 in 2010 to 305,000 in 2014, a net increase of 37,000.

In 2010, Immelt's compensation nearly tripled to $15.2 million.

2011

Immelt had a total five year compensation of $53.82 million through 2011, an income which ranked sixth among executives employed by US-based conglomerates.

Some components of his total compensation package over the years have been newsworthy.

In some years he was granted stock options at $0, and in other years he was paid no bonus.

2012

At the end of 2012, over $100 billion had been kept offshore to avoid a special federal repatriation tax.

2014

GE's SEC Form 10K for 2014 states that worldwide employment is 305,000, and US employment is 136,000.

These employment levels have varied significantly under Immelt.

2015

In 2015, GE announced it would sell its real estate holdings for $26.5 billion and most of GE Capital's assets.

During Immelt's tenure as CEO, the company's financial performance suffered considerably, as shares of GE dropped 30 percent, while the S&P 500 rose by 134% over the same period of time, which had led to suspicions of his managerial competencies to be called into question when running the day-to-day operations of the corporation.

In 2015, GE announced a repatriation program for part of its cash balances.

2016

GE received aid from the Federal Reserve while not paying federal income taxes became a political issue in the 2016 presidential campaign, although GE did pay taxes in other jurisdictions.

In 2016, GE moved its headquarters from Connecticut to Massachusetts, citing Connecticut's tax increases.

Immelt had an empty private jet following his own private jet, in case there were delays with his primary jet.