Mary Barra Net Worth and Source of Income as a CEO

Mary Teresa Barra is an American entrepreneur who has served as General Motors' chairman and chief executive officer (CEO) since January 15, 2014. She is the first female CEO of one of the 'Big Three' automakers. In December 2013, General Motors named her to succeed Daniel Akerson as CEO. Barra previously served as senior vice president for worldwide product development, buying goods, and supply chain before becoming CEO.

Among the most influential corporate CEOs in America, she chairs the Business Roundtable. Barra is a member of the Walt Disney Company's board of directors.

Mary Barra Net Worth 2024

Mary Barra Net worth is estimated to be $90 million. Mary received $200 million in total payments during her first ten years as GM's CEO (salary, bonuses, benefits, and equity grants). Although her base pay is $2 million, she typically makes between $20 and $30 million annually.

She received $2.1 million in salary, almost $7.64 million in bonus money, about $3.94 million in stock options, and nearly $14.6 million in stock in 2021. Her total compensation was $29,136,780. Mary Barra salary in 2022 was $28,979,570, which included a $2,100,000 salary, a $6,258,000 bonus, $4,875,010 in stock options, $14,625,000 in stock awards, and $1,121,560 in other forms of payment.

Personal Life

Barra met consultant Tony Barra while attending Kettering University. After getting married, the couple had two children. Mary Barra daughter name is Rachael, and her son's name is Nicholas Barra.

They reside in the Detroit suburb of Northville. She also has a Detroit Downtown flat. Her top two automotive choices are the Pontiac Firebird and the Chevrolet Camaro. Barra speaks a tiny bit of Finnish.

Early Life

Barra was born in Royal Oak, Michigan, to parents of Finnish history. Her grandpa, Viktor Mäkelä, relocated to the United States and married Maria Luoma, a Finnish immigrant. Three kids - a boy named Reino, better known as Ray was born into this Mountain Iron-based family. Ray, Barra's father, married Eva Pyykkönen, a second-generation Finnish American. Mary was born in the year 1961.

Barra earned a Bachelor of Science in Electrical Engineering from the General Motors Institute, now known as Kettering University, in 1985. While attending Kettering University, Barra was inducted into two honor societies: IEEE-Eta Kappa Nu and Tau Beta Pi, the engineering honor society. After that, she attended Stanford Graduate School of Business with a GM fellowship, where she graduated in 1990 with a Master of Business Administration.

Business Career

In 1980, at the age of 18, Barra began working as a co-op student at General Motors. She used the money from her work examining hoods and fender panels to pay for her college tuition. After that, she worked in various engineering and office positions, especially as plant manager for the Detroit/Hamtramck Assembly.

In February 2008, she received a promotion as vice president of Global Manufacturing Engineering. She was promoted to vice president of global human resources in July 2009, a role she retained until February 2011, when she was given the title of executive vice president of worldwide product development. Her role as vice president was expanded to involve supply chain and global purchasing in August 2013.

Barra became the first female CEO of an automaker when she assumed the position of the CEO of General Motors in January 2014.

In the year that she took over as CEO, General Motors recalled 84 million cars for safety concerns. Barra was asked to testify before the Senate about the recalls and tragedies connected to the defective ignition switch. During that period, Barra and General Motors were also suspected of purchasing prizes to enhance the CEO's and the company's reputation.

With a $21.96 million salary, Barra was the highest-paid executive among the Detroit Three in 2017. Barra said in November 2018 that it was closing five operations in North America and that 14,000 workers would be laid off.

Awards and Honors

• Mary Barra was awarded an honorary degree and gave the commencement speech at Michigan Stadium for the University of Michigan's Ann Arbor campus in May 2014.
• She was awarded an honorary doctorate by Duke University in 2018 and spoke at the university's commencement in 2022.
• In Fortune's Most Powerful Women ranking, Barra rose from second place to top in 2015.
• Barra appeared on the cover of Time magazine's "100 Most Influential People in the World" magazine in April 2014.
• To offer strategic and policy advice on economic matters, Barra attended a business forum that then-President-elect Donald Trump had put together in December 2016.
• Barra received a Larry Foster Ethics in Public Communication Award at the 2023 Arthur W. Page Centre Awards.
• Barra received the Legend in Leadership Award from the Yale Chief Executive Leadership Institute in September 2018.
• Barra topped the auto and auto parts category in Institutional Investor's annual survey of top executives, the 2019 All-America Executive Team.

Frequently Asked Questions:

Q. What percent of GM stock does Mary Barra own?

At the moment, Mary T. Barra owns two stocks in total. As of May 28, 2024, Mary T. Barra holds 1,463,676 General Motors Co. (GM) shares valued at $72 million and valued at 97.46% among these equities.

Q. What is the GM CEO salary?

N, General Motors, opens a new tab. In 2023, Mary Barra's total earnings decreased by 4% to $27.8 million, as revealed on Wednesday by the biggest carmaker in the US.

Q. Who is Mary Barra's husband?

Anthony Barra, an engineering consultant, is Barra's husband. Rachel and Nicholas Barra are the couple's two children.