Who is Richard Parsons?
Richard Parsons was a groundbreaking American businessman renowned for his significant leadership roles at Time Warner, Citigroup, and other prominent companies.
Born on April 4, 1948, in Brooklyn, New York, Parsons grew up in a working-class family and displayed remarkable intelligence from a young age, skipping two grades and enrolling at the University of Hawaii at just 16.
After obtaining his degree and graduating at the top of his class from Albany Law School, Parsons began a career that took him from public service to the heights of corporate America. Recognized for his composed demeanor and strategic insight, he became one of the first Black CEOs of a Fortune 500 company, leaving a lasting impact on the business landscape.
Richard Parsons Career
Parsons’ career exemplified leadership and resilience. As the CEO of Time Warner from 2002 to 2008, he guided the company through the challenges following the troubled AOL merger. His initiatives included reducing the company’s debt from $30 billion to $16.8 billion and setting the stage for its revival as a media powerhouse.
At Citigroup, Parsons held the position of Chairman during the 2008 financial crisis, where his strategic insights played a crucial role in stabilizing the banking giant amid global upheaval. He also took on prominent roles such as interim CEO of the Los Angeles Clippers and Chairman of CBS, showcasing his ability to navigate difficult circumstances. His career highlights also featured leadership at Dime Bancorp and board memberships with Estee Lauder and the Museum of Modern Art.
Richard Parsons Net Worth
As of 2024, Richard Parsons’ net worth is estimated to be around $50 million. He built his wealth mainly through high-level positions at Time Warner, Citigroup, and other major corporations. Parsons held 210,121 shares of Time Warner Inc. stock, valued at over $21 million, along with investments in Madison Square Garden Sports Corp (worth $812,160) and Citigroup Inc. (worth $687,101).
These financial successes underscore Parsons’ business savvy and strategic investments, which have established him as one of America’s leading corporate figures.
Richard Parsons Age
Richard Parsons, born on April 4, 1948, passed away on December 26, 2024, at the age of 76. Throughout his long career, he established significant standards in corporate leadership and governance.
Richard Parsons Family: Wife and Children?
Parsons married Laura Ann Bush, whom he met while studying at the University of Hawaii. The couple enjoyed a close and lasting relationship, raising three children together. Even with his busy career, Parsons was recognized for his deep family values and dedication to his loved ones.
Richard Parsons Height and Weight
Richard Parsons stood tall at an impressive 6 feet 4 inches. Although his exact weight isn’t publicly known, his towering presence matched his influential position in the corporate landscape.
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