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Mary Barra Net Worth

Mary Barra net worth

What is Mary Barra net worth?

Net worth$80 million
Source of wealthCEO of General Motors
Date of birthDecember 24, 1961
NationalityAmerican
NameMary Teresa Barra

Mary Barra net worth: Mary Teresa Barra is an American businesswoman who has been the chairman and CEO of General Motors Company. he is the first female CEO of a ‘Big Three’ automaker.

Early life

Barra was born in Royal Oak, Michigan. Barra’s parents are of Finnish descent. Her grandfather, Viktor Mäkelä, moved to the United States and married Maria Luoma, a Finnish immigrant from Teuva.

Barra attended Waterford schools in Michigan. She is a graduate of Waterford Mott High School.

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Barra graduated from the General Motors Institute now Kettering University in 1985, where she obtained a Bachelor of Science degree in electrical engineering.

 Barra was inducted into the engineering honor society Tau Beta Pi. She then attended Stanford Graduate School of Business on a GM fellowship, receiving her Masters in Business Administration degree in 1990.

Career

Barra started working for General Motors in 1980 as a co-op student when she was 18 years old. Her job was checking fender panels and inspecting hoods, and she used this job to pay for her college tuition. She subsequently held a variety of engineering and administrative positions, including managing the Detroit/Hamtramck Assembly plant.

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Prior to becoming CEO, Barra served as GM executive vice president, Global Product Development, Purchasing and Supply Chain since August 2013, and as senior vice president, Global Product Development since February 2011. In these roles, Barra and her teams were responsible for the design, engineering and quality of GM vehicle launches worldwide.

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As CEO, Barra made GM move into driverless and electric-powered cars through acquisitions including Strobe, a startup in driverless technology. In 2017 GM began to sell the Chevy Bolt EV, beating rival Tesla to the first electric car priced under $40,000 with a range of 200 miles.

In 2017, Barra was the highest-paid Detroit Three executive, with a total remuneration of $21.96 million. In November 2018, Barra announced the closure of five North American plants and 14,000 worker layoffs. Her decision was criticized by President Trump, who threatened to remove the company’s government subsidies in response

Barra was a member of the General Dynamics board of directors. She serves on the board of directors of the Detroit Economic Club and Detroit Country Day School. She is a member of the Stanford University Board of Trustees, the Stanford Graduate School of Business Advisory Council, and the Duke University Board of Trustees

Awards and honors

Barra was first in Fortune’s Most Powerful Women list in 2015, up from second the year before.

She remained in the number one spot in Fortune’s Most Powerful Women of 2017 and Number 5 on Forbes World’s 100 Most Powerful Women List in the same year.

In April 2014, Barra was featured on the cover of Time’s “100 Most Influential People in the World.”

In December 2016, Barra joined a business forum assembled by then-President-Elect Donald Trump to provide strategic and policy advice on economic issues. However, she left the forum in 2017, following Trump’s response to the Charlottesville protests.

Barra was elected to the National Academy of Engineering in February 2018. In September 2018, Barra was awarded the Yale Chief Executive Leadership Institute’s Legend in Leadership Award.

In Institutional Investor‘s yearly survey of top executives, the 2019 All-America Executive Team, Barra achieved the first place in the autos and auto parts sector.

Mary Barra Net Worth

Mary Barra net worth is $80 million. Barra has invested billions in electric vehicles, self-driving cars and a ride-share service called Maven. GM has consistently scored highly in gender equity reports; in 2018, it was one of only two global businesses that have no gender pay gap.

Family

Barra is married to consultant Tony Barra, whom she met while studying at Kettering University, and has two children. They live in Northville, a suburb of Detroit. She also owns an apartment in Downtown Detroit

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