Kenneth Chenault Net Worth 2024: Bio, Age, Height, Car, House. Ken Chenault is a very important American leader. From 2001 to 2018, he did a great job as CEO of American Express. As the third African American to lead a Fortune 500 business, he made important changes while in charge.
Kenneth Chenault is a famous American businessman who is worth nearly $200 million. He got a lot of money as CEO of American Express—about $370 million before taxes and other costs—during his time there. He made more than $50 million in 2007, $42 million in 2008, and about $16 million in 2009. This money came from a variety of sources, such as wages, bonuses, grants, and other payments.
When Chenault retired, he went to work for General Catalyst Partners as a senior executive. He is on the boards of Airbnb and Berkshire Hathaway right now, and he used to be on the board of Facebook.
Kenneth Chenault Net Worth 2024
| Category | Information |
|---|---|
| Full Name | Kenneth Irvine Chenault |
| Birth Date | June 2, 1951 |
| Birthplace | Mineola, New York, USA. |
| Nationality | American |
| Education | Harvard Law School (J.D.), Harvard Business School (M.B.A.) |
| Notable Positions | CEO and Chairman of American Express (2001-2018) |
| Other Affiliations | Board member of various organizations, including IBM, Airbnb, and Berkshire Hathaway |
| Recent News | Endorsed Kamala Harris at the 2024 Democratic National Convention |
Who is Kenneth Chenault?
Ken Chenault was born in Mineola, New York, on June 2, 1951. His father, Hortenius Chenault, was a dentist, and his mother worked as an assistant dentist. Kenneth Chenault went to the Waldorf School of Garden City on Long Island, New York, and then to Bowdoin College in Brunswick, Maine, a private liberal arts college, where he got his Bachelor of Arts in history. Then Kenneth Chenault got his Doctor of Law degree from Harvard Law School in Cambridge, Massachusetts. Harvard Law School is a private Ivy League school.
Kenneth Chenault Career
Ken Chenault worked as an associate at Rogers & Wells, a law company in New York City that has been around since 1873, from 1977 to 1979. His job as a consultant at the Boston, Massachusetts-based management consulting company Bain & Company ran from 1979 to 1981.
Kenneth Chenault worked in the Strategic Planning Group for American Express in 1981. American Express was a bank holding company and financial services business. In 1997, he was named president and operating chief officer of the company. In 2001, he was named CEO, making him the third African American CEO of a Fortune 500 business.
In October 2017, Kenneth Chenault told everyone that he was leaving American Express. The next year, he said that he was going to become chairman and managing director of the global venture capital company General Catalyst Partners.
Boards
Kenneth Chenault has been on a number of professional boards, including the executive committee of the Business Roundtable, a non-profit lobbyist group, and the executive committee of the Business Council, a group of business leaders who work together to talk about big issues in policy.
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The year 2014 saw Kenneth Chenault chosen to Harvard Corporation, one of the two boards that run Harvard University. As of 2017, Kenneth Chenault was named head of the National Museum of African American History and Culture’s advisory board. In the same year, he became a director of Airbnb, Facebook, and Berkshire Hathaway.
In 2018, Kenneth Chenault told the world that he was stepping down from the boards of International Business Machines Corporation in New York and Proctor & Gamble in Ohio. Kenneth Chenault was named to the Board of Governors of the National Collegiate Athletic Association in 2019.
Kenneth Chenault & Kamala Harris
Kenneth Chenault, the former chairman and CEO of American Express, said that “Vice President Kamala Harris” was “pro-business and pro-worker” at the Democratic National Convention.
Chenault praised Harris for wanting the government and businesses to work together, of course. He said that her idea was like her opponent’s because she did not agree with a uniform tax that could make prices go up, hurt customers and businesses, and lead to job cuts. This job goes against Trump’s plan to put a 10% tariff on all goods from every country.
The speaker brought up the difference in tax policies between Donald Trump and Harris, saying that Harris thinks it is more important to pay money for middle-class growth than to give tax cuts to rich people like himself.
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Chenault was one of only 19 Black CEOs at a Fortune 500 company and ran American Express for seventeen years. Ken now runs the venture capital firm General Catalyst. He is also the CEO of Bilt Rewards, a banking company for people who rent houses and apartments.
Ken is also on the boards of Berkshire Hathaway, Airbnb, and the Harvard Corporation, among other companies. Chenault also works with Bloomberg Philanthropies and the Smithsonian Institution’s Advisory Council for the National Museum of American History and Culture, among other groups.
Michelle Chenault was on the Council on Jobs and Competitiveness that Barack Obama had. In October, he met with President Joe Biden and other business leaders at the White House to talk about how clients behave.
Kenneth and Frazier, who is no longer CEO of Merck, worked together to fight new voting rules in Georgia that could make it harder for minorities to vote. A lot of big companies agreed with their cause. Chenault criticized efforts to change the outcome of the 2020 election, calling them “mind-boggling” at the Forbes Future of Work Summit in 2022. He talked about how worried he was about the threats to democracy.
Real States
- The Chenaults bought a house in New Rochelle for $937,500 in 1991 and sold it for $1.9 million in 2017.
- He also owns a penthouse with three units in New York City’s Amory S. Carhart home, which has units that sell for tons of money.
- Along with 4.6 acres of land, Ken has a lovely house in Sag Harbor. It cost him about $7.45 million when he bought it in 2001.
- Chenault also owns two condos in Bal Harbour, Florida, which he bought for $6.9 million and $6.3 million, respectively.
FAQ: Kenneth Chenault Net Worth
Who is Kenneth Chenault?
Kenneth Chenault is an American business executive known for his role as the CEO and Chairman of American Express from 2001 to 2018.
When was Kenneth Chenault born?
Kenneth was born on June 2, 1951.
Where was Kenneth Chenault born?
Kenneth was born in Mineola, New York, USA.
What is Kenneth Chenault’s educational background?
Kenneth earned a B.A. in history from Bowdoin College in 1973 and a J.D. from Harvard Law School in 1976.
What companies has Kenneth Chenault worked for?
He has worked for Rogers & Wells, Bain & Company, American Express, and General Catalyst.
What are some of Kenneth Chenault’s notable achievements?
Kenneth was one of the first African Americans to lead a Fortune 500 company and played a significant role in navigating American Express through the 2008 financial crisis.
What is Kenneth Chenault’s current role?
Kenneth is currently the Chairman of the global venture capital firm General Catalyst2.
What boards does Kenneth Chenault serve on?
He serves on the boards of several companies, including Airbnb and Berkshire Hathaway.
What is Kenneth Chenault known for advocating?
He is known for advocating diversity in the corporate world
