Frank Bisignano net worth has been a subject of interest, especially for those curious about the financial success of top-tier executives. As the CEO of Fiserv and former head of First Data, Frank has built a remarkable career, accumulating wealth through strategic leadership and high-profile business deals.
But what exactly is his financial standing? In this article, I’ll break down his career achievements, financial insights, and provide an analysis of his wealth and salary. So, if you’re wondering how Frank Bisignano reached his impressive financial heights, you’re in the right place.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Frank J. Bisignano |
| Popular Name | Frank Bisignano |
| Gender | Male |
| Birth Date | August 9, 1959 |
| Age | 65 |
| Parents | N/A |
| Siblings | N/A |
| Birthplace | Brooklyn, New York, United States |
| Nationality | American |
| Ethnicity | N/A |
| Education | Baker University, Janus University & Newport University |
| Marital Status | N/A |
| Spouse | N/A |
| Children | N/A |
| Dating | N/A |
| Net Worth | N/A |
| Source of Wealth | Business, CEO roles |
| Height | N/A |
What is the Net Worth Of Frank Bisignano in 2024?
While Frank Bisignano’s net worth is not publicly disclosed, it’s clear that his financial standing is substantial, considering his long career as an executive at major financial institutions. He has been one of the highest-paid CEOs in the United States, with total compensation in the millions.
In 2023, he earned approximately $27.9 million in compensation from Fiserv, a 57% increase from the previous year. This figure places him in the top echelons of corporate leadership.
In comparison to his peers, here are a few executives with significant net worths in the financial industry:
- Jamie Dimon
- Tim Cook
- Brian Moynihan
- David Schwimmer
- Charles Scharf
Frank Bisignano Wealth, Salary and Finance Overview
Key Contributions to His Wealth and Income
Frank Bisignano’s wealth has been largely shaped by his roles at major financial institutions.
His early career at JPMorgan Chase provided him with invaluable experience, especially in acquisitions and crisis management during the 2008 financial crash. This paved the way for his future success at First Data and Fiserv.
Bisignano’s leadership in these companies allowed him to steer them through periods of growth and transformation. His work in integrating Bear Stearns into JPMorgan’s portfolio during the financial crisis, as well as his pivotal role in Fiserv’s acquisition of First Data, significantly boosted his personal income.
These moves positioned him as one of the top executives in the financial sector.
Role at Fiserv and Financial Success
Since becoming CEO of Fiserv in 2020, after its acquisition of First Data, Bisignano has continued to increase his financial standing. Under his leadership, Fiserv’s stock has performed well, bolstered by the integration of First Data’s services, including Apple Pay collaborations.
The significant rise in Fiserv’s valuation is a direct reflection of Bisignano’s ability to lead and innovate.
CEO of First Data and Major Earnings
During his tenure as CEO of First Data (2013-2019), Bisignano restructured the company and facilitated several major technological partnerships, including the integration of Apple Pay in 2014.
His foresight in digital payment technologies added enormous value to the company, directly impacting its stock price and, in turn, his earnings.
Executive Positions at JPMorgan Chase
At JPMorgan Chase, Bisignano’s compensation was reflective of his high-ranking roles. As Co-COO, his responsibilities included overseeing critical acquisitions like Bear Stearns and Washington Mutual, which added value to JPMorgan’s portfolio during the financial crisis.
These acquisitions were pivotal to JPMorgan’s recovery, and Bisignano’s influence on these transactions was a key part of his career.
Political Donations and Influence
Frank Bisignano has long been a supporter of the Republican Party and Donald Trump, making significant political contributions.
In 2019, he donated $125,000 to the Trump Victory fund. Though these donations don’t directly impact his wealth, they enhance his public profile and can open doors for future business opportunities.
High Compensation and CEO Pay Comparison
While specific details on Frank Bisignano’s total net worth remain private, it’s important to note that he has consistently been one of the highest-paid CEOs in the country.
In 2017, reports suggested that his compensation exceeded $100 million, and by 2019, his salary was estimated at around $40 million. These figures indicate his high standing within the financial industry.
Achievements and Industry Recognition
Frank Bisignano’s career has been marked by several key achievements, including being named one of the 100 most influential people in finance by Treasury and Risk in 2004.
His ability to navigate crises, innovate in the tech-driven payments industry, and lead large corporations to financial success has solidified his reputation as a top-tier executive.
- Recognized as one of the 100 most influential people in finance (Treasury and Risk, 2004)
- Leading role in Fiserv’s growth post-First Data acquisition
- Oversaw Apple Pay’s collaboration with First Data
Controversies and Financial Challenges
Despite his impressive achievements, Bisignano has faced some controversies. Notably, a Bloomberg editorial in 2018 suggested that he might have been the source of a leak regarding a federal investigation into potential market manipulation by JPMorgan.
Additionally, Fiserv has faced challenges due to layoffs and location closures, which have affected thousands of employees. These challenges, however, haven’t seemed to diminish his financial success.
Long-term Career Impact
Frank Bisignano’s long-term career impact is likely to be remembered for his strategic decision-making and leadership during periods of economic turbulence.
His ability to successfully navigate corporate mergers, crises, and market changes has not only led to his wealth but has also reshaped the financial landscape for Fiserv, First Data, and JPMorgan Chase.
FAQs about Frank Bisignano
What is Bisignano’s career background?
He has had a distinguished career in the financial sector, holding executive positions at JPMorgan Chase, First Data, and Fiserv.
His leadership in JPMorgan during the financial crisis and his role in First Data’s technological push with Apple Pay were pivotal to his success.
Is Frank Bisignano married?
There is no publicly available information regarding Frank Bisignano’s marital status.
How much does he earn annually?
His annual earnings have consistently been in the tens of millions, with his total compensation in 2023 reported to be $27.9 million, reflecting a 57% increase from the previous year.
What are Bisignano’s political contributions?
He is known for his political contributions, particularly his $125,000 donation to the Trump Victory fund in 2019, reflecting his long-standing support for the Republican Party.
What major achievements has he accomplished?
Bisignano is recognized for leading Fiserv through its acquisition of First Data, overseeing the integration of Apple Pay, and being named one of the 100 most influential people in finance by Treasury and Risk in 2004.
Conclusion
In conclusion, Frank Bisignano’s career has been defined by leadership roles that have shaped both his wealth and the financial sector as a whole.
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