In December 2024 Pat Gelsinger’s net worth is projected to be $84 million. Key positions at Intel, VMware, and Mobileye provide him riches. These roles confirm his influence on the computer industry. Severance payments combined with stock ownership show his financial achievement.
| Personal Information | Details |
|---|---|
| Name | Patrick P. Gelsinger |
| Position | Former CEO of Intel Corporation |
| Years Active as Intel CEO | 2021–2024 |
| Net Worth (2024) | $84 Million |
| Notable Achievements | Leadership at VMware and Intel |
| Stock Holdings | VMware, Intel, Mobileye |
| Estimated Severance Package | $4.68 Million |
Highlights from a financial portfolio
With 524,343 VMware shares, Gelsinger has around $75 million worth. At Intel, his 334,934 share value comes to $7 million. Mobileye adds still another $2 million to his total. These outlays highlight his strategic influence on the tech industry.
At Intel, ten years
In 2021 Pat Gelsinger joined Intel as its CEO. His preoccupation was manufacturing competitiveness. Still, the business ran across difficulties. Intel lost ground against rivals including Nvidia. Intel’s stock value plunged 61% during his tenure, which caused it to be kicked off the Dow Jones Index.
Setbacks notwithstanding, he started working to change Intel. His direction saw funding for world-class foundries. Still, progress fell short of board expectations. Intel announced his leaving in December 2024, therefore ending a demanding career.
Success with VMware
Gelsinger presided over VMware for ten years prior to Intel. He extended VMware’s footprint in cloud computing. His direction drove virtualization’s innovation. His reputation and financial development were much enhanced by this contribution.
Despite these challenges, Gelsinger’s severance package includes:
- 18 months of his $1.25 million base salary.
- A bonus of 1.5 times his annual target.
- 11/12th of his 2024 annual bonus.
Inside Trading Patterns
Gelsinger’s trading history showcases his financial acumen:
- Most Active Acquisition Year: 2021, with 20 transactions, including purchasing 7.1 million shares for $15.77 million.
- Largest Year for Disposals: 2019, with $51.78 million earned from selling 386,166 shares.
Gelsinger’s financial behavior points to thorough preparation. He bought 7.1 million shares in 2021 valued $15.77 million. With his greatest share disposal in 2019, nett $51.78 million. These deals highlight his calculated approach to using stock options.
Severance and Starting Point
Intel said of Gelsinger’s leaving, “retirement.” According to reports, the board grew weary of the slow turn around. He qualifies for eighteen months of his base pay, which comes to $1.25 million yearly. Apart from his target bonus, he gets 1.5 times his annual bonus most of which for 2024.
Intel: Legacy
Intel struggled; Gelsinger made a difference. His initiatives to bring Intel’s manufacturing back alive sought to establish it as a worldwide leader. Although the outcomes fell short of expectations, his ideas laid the groundwork for upcoming expansion.
Sector Influence
The leadership of Pat Gelsinger stretched decades. His stay at Intel and VMware brought attention to his skill negotiating challenging markets. The technology industry acknowledges his contributions to production and invention. His career shows tenacity and flexibility amid trying circumstances.
