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Bill McDermott Net Worth 2024

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Bill McDermott Net Worth
Bill McDermott Net Worth

Bill McDermott Net Worth February 2024

Real Name/Full NameWilliam R. McDermott
Nick Name/Celebrated Name:Bill McDermott
Birth Place:Flushing, New York, United States
Date Of Birth/Birthday:18 August 1961
Height/How Tall:In Centimetres – 179 cm In Feet and Inches – 5′10″
Weight:In Kilograms – 76 Kg
In Pounds – 167 lbs
Eye Color:Blue
Hair Color:Blonde
Parents Name:Father – Kathleen McDermott Mother –Bill McDermott
Siblings:3
College:Dowling College
Religion:Not Known
Nationality:American
Zodiac Sign:Leo
Gender:Male
Sexual Orientation:Straight
Marital Status:Married
Wife/Spouse Name:Julie McDermott
Kids/Children Name:2
Profession:Businessman
Net Worth:$73.5 million
Last Updated:February 2024

Bill McDermott Net Worth; Introduction

American businessman William R. McDermott serves as ServiceNow’s CEO. He was renowned for his time as the CEO of the technology firm SAP SE. The company succeeded exceptionally well under his leadership as co-CEO and CEO, and its market value climbed from $39 billion to $156 billion. In November 2019, he was chosen to lead ServiceNow as CEO. Read more of Bill McDermott Net Worth here.

Bill McDermott Net Worth; History and early years

The now-famous businessman Bill McDermott was given the name William R. McDermott when he was born on August 18, 1961, in Flushing, Queens, New York, United States. He eventually changed his name and kept his father’s name. The family, which also included his three siblings (whose identities were withheld), lived in Amityville, where Bill was raised by his parents Kathleen and Bill McDermott. Former basketball star and Naismith Memorial Basketball Hall of Fame inductee Bobby McDermott is his grandparent.

Bill McDermott Net Worth; Education

His high school’s name is unknown. After high school, he enrolled in Downing College to study business management. He completed his undergraduate studies there while also working irregular hours at the deli to help pay for education. He attended the Wharton School of Business as well as Northwestern University’s Kellogg School of Management, where he received an MBA before graduating.

Bill McDermott Net Worth; Individual Life

He has never divulged a lot of information regarding his private life. His wife’s name is Julie, and he is a married man. The names of the couple’s two sons have not been made public. In a horrific accident in July 2015, he lost his left eye after falling. He continued to work despite this, and in October 2015 he went back to his job at the SAP corporate office.

Bill McDermott;  is he gay?

He is not gay, no. He enjoys a happy family life with his wife, two sons, and other relatives. It follows that his sexual orientation is clearly straight.

Bill McDermott Net Worth;Career in the Profession

He began his professional career by working for organizations like Xerox, Gartner, and Siebel System, where he spent 20 years total: 17 years at Xerox, 1 year at Gartner, and 2 years at Siebel System.

He became the CEO of SAP America immediately after leaving Siebel Systems in 2002. He served on the SAP executive board in 2008. He served as a board member for two years before being named co-CEO of SAP AG in February 2010. On May 21, 2014, he was appointed as the first American to hold the role of CEO of SAP SE. The business prospered under his leadership as co-CEO and CEO, and by February 2018, its market value had risen from $39 billion to $156 billion. Being paid $11.6 million made him the highest paid executive as well. He retired from SAP SE on October 10, 2019. He succeeded John Donahoe as CEO of the business ServiceNow after leaving SAP.

Awards

He has received numerous honors for his business acumen and leadership abilities. Following is a list of some of them:

  • He received the Manager of the Year award from the German Business Daily Handelsblatt in 2016.
  • He was given the Vanguard Award by GENYOUth.
  • He received the City Year Idealist of the Year award.
  • He also earned the Visionary Award from The We Are Family Foundation.
  • He received the Children’s Aid Society’s Promise Award once more.
  • He also received a gold medal from the Axiom Business Book Awards for his memoir Winners Dream: A Journey from Corner Store to Corner Office, which he co-wrote with Joanne Gordon.

Bill McDermott net worth, salary, and earnings as of February 2024

He is worth $73.5 million in total. As he received $11.6 million in compensation, he was recognized as the executive with the highest pay. He currently serves as the CEO of a premier business in his industry and has received numerous honors for his ability to lead. Throughout his time with all the businesses he worked for, he made numerous acquisitions. All of this contributed to his financial success.

Some Fascinating Facts You Should Know

He lost one of his eyes as a result of an accident that occurred while he was a toddler.

Bill McDermott Net Worth; Conclusion

American businessman Bill McDermott has worked with numerous organizations and has acquired numerous businesses. He presently serves as ServiceNow’s CEO. In addition, he has received numerous honors for his abilities as a leader and his business acumen. He was cited as the executive with the highest pay. He has always been a superb leader and improved the organization while leading it. Hope you liked this article regarding Bill McDermott Net Worth.

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