Age, Biography and Wiki
Ron Sommer was born on 29 July, 1949 in Israel, is an Austrian manager. Discover Ron Sommer'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 74 years old?
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Age |
74 years old |
Zodiac Sign |
Leo |
Born |
29 July, 1949 |
Birthday |
29 July |
Birthplace |
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Nationality |
Israel
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We recommend you to check the complete list of Famous People born on 29 July.
He is a member of famous manager with the age 74 years old group.
Ron Sommer Height, Weight & Measurements
At 74 years old, Ron Sommer height not available right now. We will update Ron Sommer's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Not Available |
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Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Not Available |
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Ron Sommer Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Ron Sommer worth at the age of 74 years old? Ron Sommer’s income source is mostly from being a successful manager. He is from Israel. We have estimated Ron Sommer'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 |
manager |
Ron Sommer Social Network
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Timeline
Ron Sommer is a manager and former CEO of Deutsche Telekom.
His mother had fled Bessarabia (now Moldavia) in 1943 and his father had emigrated from Würzburg to Palestine in 1935.
Sommer was born in 1949 in Haifa, Israel, the son of Jewish parents.
After his parents separated, Sommer moved with his mother and her new partner to Vienna, where he adopted the name of his stepfather, studying mathematics at the University of Vienna and was awarded a doctorate at the age of 21 in 1971 with the title "Limit theorems on the entropy of number-theoretic transformations."
Sommer's PhD supervisor was.
Sommer moved to New York at the age of 24 to work for Q1 Corp., a small computer company that was taken over in 1974 by the German Nixdorf Computer AG.
After a brief stopover in Germany, he became head of the Nixdorf branch in Paris for two years in 1977, later heading overseas.
In 1980 Sommer moved to the Japanese Sony Group, where ten years later he became the executive chair in the United States and in 1993 President and COO of Sony Europe.
On May 16, 1995, Sommer became CEO of Deutsche Telekom.
The German government, Deutsche Telekom's main shareholder, had pushed Sommer to resign after massive losses due to the stock market crisis from 2001 and Deutsche Telekom's high corporate debt levels.
After initial speculation, denied by Deutsche Telekom, that Sommer would receive compensation of 65 million euros, Sommer's severance pay was only 11.6 million euros.
Initially successful, Sommer resigned on 16 July 2002 from his post on the grounds that the relationship of trust with the Supervisory Board was disrupted.
Since May 2003, he has been Chairman of the International Advisory Council of the Russian Sistema Group.
As a consultant, Sommer is closely associated with the investment firm The Blackstone Group LP, which holds interests in Celanese and Deutsche Telekom.
Since July 2004 Sommer has been a member of the board of directors of the US group Motorola.
Sommer is Chairman of the International Advisory Council of the Russian Sistema Group, where he was elected to the Executive Board in June 2005.
From May 2004 to December 31, 2006, he was a member of the supervisory board of the former German chemical company Celanese.
Since September 2006, Sommer has been a member of the board of directors of the Indian company Tata Consultancy Services.
In May 2008, it became known that during Sommer's tenure as chief executive officer of Deutsche Telekom, staff and journalists were systematically spied on to uncover potential sources of leaked information within the company.
Sommer is a member of the Supervisory Board of Munich Re.