Introduction:
Gail Kelly has had an exceptional career in the banking industry and is known for her innovative leadership style. She became the CEO of the Westpac Banking Corporation – one of Australia’s leading banks – in 2008 and stepped down in 2015, making her one of the most successful female CEOs in the world. Since then, many have wondered about her wealth and how much she has accumulated throughout her career. In this blog post, we will unveil Gail Kelly’s wealth and discuss the different sources of her riches.
Early Life and Career:
Gail Kelly was born in South Africa in 1956, and she began her career as a teacher. However, she soon realized her passion for finance and banking and joined the Nedbank Group in 1980 as a teller. From there, she steadily rose up the ranks, taking on prominent roles in different banks. Her rise culminated with her appointment as the CEO of Westpac Banking Corporation in 2008.
Salary and Bonuses:
As the CEO of Westpac, Gail Kelly had a base salary of AU$2.5 million. In addition to this, she received bonuses and other incentives that augmented her earnings. For instance, in 2014, she was awarded a bonus of AU$11.5 million, making her one of the highest-paid CEOs in the banking industry at the time.
Stock options:
One of the most significant sources of Gail Kelly’s wealth is stock options. As the CEO of Westpac, she received numerous stock options, which allowed her to purchase shares of the bank at a discounted price. These options appreciated in value over time, increasing her wealth significantly.
Personal investments:
Apart from her salary and stock options, Gail Kelly also invested in different ventures, which contributed to her wealth. She has invested in companies in diverse sectors, including healthcare, education, and technology. Her investments in these sectors have yielded significant returns over the years.
Real Estate:
Gail Kelly is known for her luxurious lifestyle, which includes owning multiple homes in different parts of the world. She owns an impressive property portfolio that includes a mansion in Sydney’s posh suburb of Potts Point, a holiday home in the exclusive Palm Beach area, and a home in South Africa.
Philanthropy:
Gail Kelly has always been committed to philanthropy. She has donated significant sums of money to different charitable causes, including education, women’s empowerment, and healthcare. In 2015, she donated AU$1 million to the University of Adelaide to support academic research.
Net Worth:
According to various sources, Gail Kelly’s net worth is estimated to be around AU$80 million. This estimate takes into account her salary, bonuses, stock options, personal investments, and real estate portfolio.
Conclusion:
Gail Kelly’s success story is an inspiration to many, and her wealth is a testament to her hard work and dedication. By examining the different sources of her wealth, we can gain a better understanding of her financial journey. It is evident that her wealth has been amassed through a combination of salary, bonuses, stock options, personal investments, and real estate portfolio. Moreover, her philanthropic endeavors show that she not only values her personal wealth but is also committed to making a positive impact on society.
FAQs:
1. What is Gail Kelly’s net worth?
Gail Kelly’s net worth is estimated to be around AU$80 million.
2. How did Gail Kelly become so wealthy?
Gail Kelly’s wealth comes from her salary, bonuses, stock options, personal investments, and real estate portfolio.
3. What is Gail Kelly known for?
Gail Kelly is known for being the former CEO of Westpac Banking Corporation and for her innovative leadership style.
4. Does Gail Kelly donate to charitable causes?
Yes, Gail Kelly is committed to philanthropy and has donated significant sums of money to different charitable causes over the years.
5. Where does Gail Kelly own property?
Gail Kelly owns multiple properties in different parts of the world, including a mansion in Sydney’s Potts Point, a holiday home in Palm Beach, and a home in South Africa.