Mellody Hobson Net Worth 2024

Publish date: 2024-05-20

Introduction

Mellody Hobson is a prominent figure in the world of finance and investment. She is the president of Ariel Investments, a Chicago-based investment firm, and the chairwoman of Starbucks Corporation. Hobson’s success in the financial sector has not only made her a role model for many aspiring businesswomen but also significantly contributed to her net worth. This article will delve into the details of Mellody Hobson’s projected net worth in 2024.

AttributeDetail
Estimated Net Worth:$50 million (2024 projection)
Age:52
Born:April 3, 1969
Country of Origin:United States
Source of Wealth:Investment, Corporate Leadership

Early Life and Education

Mellody Hobson was born in Chicago, Illinois, and raised by a single mother. Despite facing financial struggles during her childhood, Hobson was determined to succeed. She attended St. Ignatius College Prep high school and later graduated from Princeton University with a degree in Romance Languages and Literature.

Professional Career

After graduating from Princeton, Hobson joined Ariel Investments as an intern. She quickly rose through the ranks and became the company’s president in 2000. Under her leadership, Ariel Investments has grown into one of the largest African American-owned money management and mutual fund companies in the United States.

Starbucks Corporation

In addition to her role at Ariel Investments, Hobson also serves as the chairwoman of Starbucks Corporation. She has been on the Starbucks board since 2005 and became the chairwoman in 2020, making her one of the few African American women to lead a Fortune 500 company’s board.

Other Roles and Achievements

Hobson also serves on the boards of several other major corporations, including JPMorgan Chase and Estée Lauder. She is also a regular contributor to financial news outlets, sharing her insights on investment and financial literacy.

Personal Life

Hobson is married to filmmaker George Lucas, and they have one daughter together. Despite her high-profile career and personal life, Hobson is known for her humility and dedication to promoting financial literacy and diversity in the corporate world.

Net Worth Growth

Over the years, Hobson’s net worth has grown significantly due to her successful career in investment and corporate leadership. Her net worth is projected to continue growing in the coming years.

Current Net Worth

As of 2021, Mellody Hobson’s estimated net worth is around $50 million. This wealth comes from her salary and bonuses as the president of Ariel Investments and her earnings from board memberships and other business ventures.

Projected Net Worth in 2024

Given her current earnings and the expected growth of her investments, Hobson’s net worth is projected to increase in the coming years. By 2024, her net worth is estimated to be around $60 million.

Factors Contributing to Net Worth Growth

Several factors are expected to contribute to Hobson’s net worth growth in the coming years.

Conclusion

Mellody Hobson is a trailblazer in the world of finance and investment. Her success in these fields has not only made her a role model for many but also significantly contributed to her net worth. With her continued success at Ariel Investments and other business ventures, Hobson’s net worth is projected to reach around $60 million by 2024. Her story is a testament to the power of determination, hard work, and financial literacy.

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