The vivacious and outspoken former CEO of T-Mobile, John Legere, has not only transformed the telecom sector, but he has also accumulated a sizeable fortune. Throughout his tenure, Legere, who was well-known for his unconventional methods and magenta attire, led T-Mobile to achieve amazing development.
T-Mobile reached new heights thanks to its strategic initiatives, which included the successful merger with Sprint. Outside of the corporate sphere, Legere is a well-liked personality in the business world thanks to his social media presence and leadership approach. Explore this industrial maverick’s financial playbook to see how John Legere’s net worth represents the pinnacle of his inventive career.
John Legere Net Worth
American businessman John Legere has a $350 million net worth. In June 1958, John Legere was born in Massachusetts. His most well-known role was that of T-Mobile US’s previous CEO. Legere has had positions with AT&T, Global Crossing, and Dell in the past.
He is also a member of the CTIA board of directors. John Legere graduated from the University of Massachusetts Amherst with a B.B.A. He also holds an M.B.A. from Fairleigh Dickinson University and an M.S. from the MIT Sloan School of Management.
John Legere’s salary: John Legare’s base pay was $1.5 million per year on average. Thanks to stock awards and bonuses, he made more than that. For instance, he received more than $23 million in total remuneration in 2017. With a total income of $66.5 million in 2018, he ranked among the world’s highest-paid CEOs.
Equity Holdings: John is listed as the beneficial owner of 2.7 million T-Mobile shares in an April 2020 SEC filing. Those shares were worth $250 million on the pre-tax market at the time.
Legere stated in November 2019 that he was leaving his position as CEO of T-Mobile. When he resigned, he received a $100 million severance payment in addition to his $27 million salary. 2020 saw John Legare’s total remuneration surpass $137.2 million as T-Mobile completed a number of significant merger milestones with Sprint.
John Legere’s Biography
Born on June 4, 1958, John Legere is an American businessman who previously served as T-Mobile US’s president and CEO. Legere, a native of Massachusetts, attended St. Bernard’s Central Catholic School in Fitchburg, Massachusetts, where he earned his diploma. Initially, he intended to become a gym teacher, but he changed his mind after realizing he desired a more lucrative career and chose to major in business.
He graduated with a BBA in accounting from the University of Massachusetts’ Isenberg School of Management, an MS from the MIT Sloan School of Management as an Alfred P. Sloan fellow, and an MBA from Fairleigh Dickinson University. He also finished the Program for Management Development (PMD) at Harvard Business School.
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John Legere’s Personal Life
In college and after graduation, Legere competed nationally as a runner and continues to do so in events alongside coworkers. As a part of the Dana-Farber Cancer Institute Marathon Challenge team, he finished the 2004 Boston Marathon. In May 2016, he bought T-Mobile advertising space on Nick Symmonds’ shoulder to sponsor competitive running.
He has served on the government relations committee of the American Chamber of Commerce in Hong Kong as well as the corporate advisory board of the School of Business and Management at the Hong Kong University of Science and Technology.
Legere has two daughters and has been divorced twice. Since 2016, he has used his Facebook Live cooking show, “Slow Cooker Sunday,” which airs every Sunday, to promote his ideas and entice viewers to sign up for T-Mobile service. “
#SlowCookerSunday – Leadership, Life and Slow Cooking with CEO and Chef, John Legere” is the cookbook he penned in 2018 and includes recipes he used in his slow cooker Sunday broadcasts. Legere’s acquaintance Martha Stewart wrote a foreword for the book. Book sales are donated to the nonprofit organization Feeding America.
John Legere’s Career
T-Mobile’s “Un-carrier” strategy for wireless networks without contracts has earned Legere notoriety since he was named CEO of the company in September 2012.
He began his career with New England Telephone as a telecommunications employee. After that, Legere worked for over twenty years at AT&T, where he briefly assisted Daniel Hesse, the former CEO of Sprint Corporation.
From April 1994 until November 1997, he headed AT&T Global Strategy and Business Development in addition to his role as CEO of AT&T Asia. He was President of AT&T Solutions, the company’s global outsourcing division, from 1997 to 1998.
From 1998 to February 2000, Legere served as senior vice president of Dell, president and chief operating officer of Dell’s operations in Europe, the Middle East, and Africa, and president of Dell’s Asia-Pacific division.
He held the position of CEO of Asia Global Crossing from February 2000 to January 2002 and CEO of Global Crossing from October 2001 to October 2011, during which time he guided the company through bankruptcy and, ultimately, its acquisition by Level 3 Communications, before coming to T-Mobile US.
His questionable tenure at Global Crossing included declaring bankruptcy and receiving hefty executive compensation. Since October 2012, he has been a director of the CTIA wireless internet caucus in addition to serving on the board of directors of the CTIA.
From October 2001 to December 2003, he served as a director of Global Crossing; from April 2000 to March 2002, he was a director of Sanrise Group and Asia Global Crossing. He served as ON Semiconductor’s director.
Legere revealed on Twitter in November 2019 that he would be leaving his position as CEO of T-Mobile US on April 30, 2020, the day his current contract expires. It was announced that Mike Sievert, the COO at the time, would succeed Legere.
The original intention was for the adjustment to take effect on May 1, 2020. As an early completion of the merger with Sprint, Legere formally resigned from his position as CEO on April 1, 2020.