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Hubert Joly Net Worth

Hubert Joly net worth

What is Hubert Joly net worth

Net worth$200 million
NameHubert Joly
OccupationFormer Chairman and CEO of Best Buy
NationalityAmerican
Date of birth11 August 1959

Hubert Joly net worth: Hubert Joly is a businessman and Harvard Business School professor, who formerly served as chairman and CEO of Best Buy. Hubert Joly net worth is $200 million.

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He is also the former president, CEO, and director of Carlson, a global hospitality and travel conglomerate based in Minneapolis, Minnesota, US.

Career

Joly left Vivendi in 2004 to become president and chief executive officer of CWT. In January 2008, Joly was announced president and CEO of Carlson Companies, an American privately held international conglomerate in the hotel, travel and restaurant franchise industries employing more than 175,000 people in more than 160 countries and territories.

He took the positions in March 2008 as a replacement for Marilyn Carlson Nelson, daughter of the founder Curt Carlson. Under his leadership, CWT grew its annual sales from US$8.9 billion in 2003 to $25.5 billion in 2007.

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On August 17, 2012, Joly resigned from his position with Carlson to take the position of CEO at Best Buy. Under Joly and his Renew Blue transformation at Best Buy, the company’s stock tripled in 2013 with the focus on banking on big box stores, superior customer service, product selection, and services like the Geek Squad.

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According to The New York Times, Joly’s top goal is matching the lowest price, determined to make sure that a customer who came to Best Buy as a showroom has no reason to buy anywhere else. “The strategy is very simple,” he told the New York Times in 2012, soon after he took the job. “We believe that price-competitiveness is table stakes. The way we want to win is around the advice, convenience, service.”

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Joly stepped down as CEO of Best Buy in June 2019 to become Executive Chairman of the company. In June 2020, Joly stepped down as Executive Chairman and began teaching at Harvard Business School as a Senior Lecturer of Business Administration. He remains an advisor to Best Buy’s CEO and Board of Directors.

Hubert Joly Net Worth

Hubert Joly net worth is $200 million. In addition to teaching at Harvard Business School, he serves on the board of directors for Best Buy, Johnson & Johnson, and Ralph Lauren. He is also a member and former chair of the board of trustees of the Minneapolis Institute of Arts.

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He formerly served as a member of the Travel and Tourism Advisory Board, established in 2003 to advise the United States Department of Commerce, as well as the executive committee of the World Travel and Tourism Council.

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