By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Lee Daily
  • News
    • Celebrity
    • court case
    • Crime
    • Event
    NewsShow More
    Keith Morrison Speaks Out Give for Matthew on Giving Tuesday
    Keith Morrison Encourages Giving on Giving Tuesday in Memory of Stepson Matthew Perry
    4 Min Read
    where is chris watts now
    Where is Chris Watts Now? An In-Depth Look Into the Mind of a Convicted Killer
    6 Min Read
    emily hand reunited with father
    Emily Hand, 9, Returns Home to Her Father After 50 Days in Captivity
    4 Min Read
    derek chauvin stabbed in prison
    Derek Chauvin Stabbed in Prison: Shocking Twist in George Floyd Murder Case
    4 Min Read
    paris hilton daughter london
    Paris Hilton’s Thanksgiving Surprise: Meet Baby London!
    3 Min Read
  • Business
    • Finance
    • Cryptocurrency
  • Technology
    • Automobiles
    TechnologyShow More
    Public Wi-Fi Safety: Using a VPN to Stay Secure on Open Networks
    Public Wi-Fi Safety: Using a VPN to Stay Secure on Open Networks
    5 Min Read
    when does the apple vision pro come out
    When Does the Apple Vision Pro Come Out?
    3 Min Read
    The Privacy Toolkit: Essential Tools for the Privacy-Conscious Professional
    The Privacy Toolkit: Essential Tools for the Privacy-Conscious Professional
    8 Min Read
    Going Paperless: How Digital Solutions Transform Traditional Paperwork
    Going Paperless: How Digital Solutions Transform Traditional Paperwork
    4 Min Read
    The Importance of Browser Security
    The Importance of Browser Security
    8 Min Read
  • Entertainment
    • Relationships
    • Fashion
    • Anime
  • Health
    • Disease
  • Politics
Hot News
Jelly Roll Net Worth: How Much Does the Rapper Earn?
Underrated Cryptos You Should Know About
9 Thoughtful Wellness Gifts That Nurture Mind and Body
How to Write an Evaluation Essay?
Weird Al Net Worth: How Much Money Does He Have?
Aa
Lee DailyLee Daily
Search
  • News
    • Celebrity
    • court case
    • Crime
    • Event
  • Business
    • Finance
    • Cryptocurrency
  • Technology
    • Automobiles
  • Entertainment
    • Relationships
    • Fashion
    • Anime
  • Health
    • Disease
  • Politics
Follow US
  • DMCA Policy
  • Corrections Policy
  • Editorial Guidelines
  • Cookies Privacy Policy
  • Ethics Policy
  • Fact Check Policy
  • Fact Policy
© Leedaily. All Rights Reserved | Powered by Digi Hind Pvt Ltd. Media Services
Lee Daily > Celebrity > Carrie Tolstedt Net Worth: How She Earned Her Impressive Income?
Celebrity

Carrie Tolstedt Net Worth: How She Earned Her Impressive Income?

Jasley Marry
Last updated: 2023/03/16 at 10:51 PM
By Jasley Marry

American entrepreneur Carrie Tolstedt was a former executive at Wells Fargo & Company. From 2008 until 2016, she oversaw the company’s Community Banking segment. Tolstedt has had a lengthy history of achievement at Wells Fargo and is a highly successful businesswoman and executive.

Contents
Carrie Tolstedt Net WorthCarrie Tolstedt’s Early LifeCarrie Tolstedt’s Career

She enjoys a solid reputation for being a strong leader and being able to handle a variety of tasks. One of the richest women in America, Tolstedt has amassed a sizable fortune thanks to her achievements and leadership abilities.

Carrie Tolstedt Net Worth

As of the 16th of March in the year 2023, it is predicted that Carrie L. Tolstedt has a minimum net worth of $20 Million dollars. Carrie L. Tolstedt is the Senior Executive Vice President of Wells Fargo & Company, and she personally owns around 529,195 shares of Wells Fargo & Company (WFC) stock that is valued at more than $20 Million.

Check out the articles given below to read more about the fortunes of various stars:

  • Law Roach Net Worth: Have a Look Zendaya’s Longtime Stylist’s Fortune
  • Actress Emily Swallow Net Worth: How Much Money Does TV Star Have?
  • John Williams Net Worth Revealed: How Did The Film Composer Get So Rich?

Carrie Tolstedt’s Early Life

Tolstedt spent her childhood in Kimball, Nebraska, where she claims she was first exposed to the world of banking when she accompanied her father, a baker, to the community bank after he finished work each day. Her alma mater was the University of Nebraska at Lincoln, and she received her degree there.

Carrie Tolstedt’s Career

Toldstedt spent 27 years working for Wells Fargo. She used to be listed among Fortune’s Most Powerful Women, and in 2015, she was the highest-ranking female banker in the country, coming in at number 27. Around 2 million primarily unlawful accounts were opened for their clients by the staff of Tolstedt’s section.

She first announced her retirement in July 2016 and had planned to do so by the end of the year, but after the public learned about the account issue, she decided to resign in September. The board of directors of Wells Fargo published a report on the account fraud incident in April 2017 and charged Tolstedt with exaggerating issues at the bank holding company.

The same report advised the bank to return Tolstedt’s $47.3 million in stock options in addition to the $19 million they had previously taken back. Tolstedt’s name was cited 142 times in the study, whereas John Stumpf, the former CEO of Wells Fargo, was only mentioned 81 times.

Carrie Tolstedt's Career
Carrie Tolstedt’s Career

Furthermore, Tolstedt was predominantly accused in the study of the scandal’s corporate malfeasance, while Stumpf was mostly held accountable for Tolstedt’s tardy termination. According to the story, Stumpf was reluctant to criticize Tolstedt but had previously referred to her as “the best banker in America”. Williams & Connolly, Tolstedt’s legal counsel, stated in response to the study that they “strongly disagree” with its conclusions.

Wells Fargo retrospectively terminated Tolstedt for reason in reaction to the study, and they also took back the $47.3 million they had already given her. As a result, she had donated a total of $67 million, or nearly 54% of the $125 million in retirement benefits she had initially received. Some former Wells Fargo officials are potentially facing criminal charges as of early January 2020 and could be indicted at that time.

OCC authorities said on January 23, 2020, that Tolstedt will also be subject to a $25 million fine for her part in the fraud, with the possibility of an even greater fine. When other participants in the affair had given up trying to prove their innocence, Tolstedt persisted in defending herself.

On November 11, 2020, the SEC filed civil charges against her alleging that she intentionally misled investors about key performance indicators pertaining to the commercial bank unit she oversaw at the bank. Tolstedt admitted to impeding a bank examination on March 15, 2023, and he might spend up to 16 months in jail.

You Might Also Like

Jelly Roll Net Worth: How Much Does the Rapper Earn?

Weird Al Net Worth: How Much Money Does He Have?

Gabriel Iglesias Net Worth: The Comedy Maestro’s Financial Triumph Revealed!

Willow Pill Illness: The Rise and Fall of Speculations Surrounding Her Health!

Val Kilmer Plastic Surgery: A Closer Look at His Health and Face Transformation!

Share This Article
Facebook Twitter Pinterest LinkedIn Tumblr Reddit Email Copy Link Print
By Jasley Marry
Follow:
Jasley Marry grew up in Durham, North Carolina, where she spent twelve ascetic years as a vegetarian before discovering spicy chicken wings are, in fact, a delicacy.She’s been a state-finalist competitive pianist, a hitchhiker, a pizza connoisseur, an EMT, an ex-pat in China and Sweden, and a science doctoral student. She’s also a bit of a snob about fancy whiskey. Jasley writes early in the morning, then spends the rest of the day trying to impress her Border collie puppy and make her experiments work.
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin

Latest News

jelly roll net worth
Jelly Roll Net Worth: How Much Does the Rapper Earn?
Celebrity
Underrated Cryptos You Should Know About
Underrated Cryptos You Should Know About
Cryptocurrency
9 Thoughtful Wellness Gifts That Nurture Mind and Body
9 Thoughtful Wellness Gifts That Nurture Mind and Body
Lifestyle
How to Write an Evaluation Essay?
How to Write an Evaluation Essay?
Education

More Popular

SEC Sets Clock for Delisting Chinese Companies Over US Audit Demand
Finance

SEC Sets Clock for Delisting Chinese Companies Over US Audit Demand

By Lee Daily 11 Min Read

US HY Defaults Return as Rate Inches Up to 0.5%; Forecasts

By Lee Daily
jelly roll net worth
Celebrity

Jelly Roll Net Worth: How Much Does the Rapper Earn?

6 Min Read
Finance

U.S. Warns Financial Institutions to be on Watch for Russian Sanctions

By Lee Daily 11 Min Read
The Benefits Of Online Education

The Benefits Of Online Education

By Rahis Saifi
Finance

U.S. Warns Financial Institutions to be on Watch for Russian Sanctions

To understand the new politics stance and other pro nationals of recent times, we should look…

By Lee Daily
Finance

US HY Defaults Return as Rate Inches Up to 0.5%; Forecasts

To understand the new politics stance and other pro nationals of recent times, we should look…

By Lee Daily
Finance

SEC Sets Clock for Delisting Chinese Companies Over US Audit Demand

To understand the new politics stance and other pro nationals of recent times, we should look…

By Lee Daily
Finance

90% of MSPs Hit By a Cyber-Attack in the Past 18 Months

To understand the new politics stance and other pro nationals of recent times, we should look…

By Lee Daily
Lee Daily
Lee Daily

Join & Write

  • Write For US
  • Editorial Guidelines

Company Details

  • About Us
  • Contact Us
  • Disclaimer

Safety & Privacy

  • Privacy Policy
  • Cookies Privacy Policy
  • Corrections Policy

Standards & Ethics

  • DMCA Policy
  • Ethics Policy
  • Fact Check Policy

Team & Terms

  • Our team​
  • Terms of Use

Follow Us

  • Facebook
  • Twitter
  • Linkedin
  • Pinterest

© Leedaily. All Rights Reserved | Powered by Digi Hind Pvt Ltd. Media Services

Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?