Brian Cornell, with an estimated net worth of $80 million, stands as a prominent figure in the corporate world. His journey through various executive positions has culminated in his current role as the CEO of Target Corporation, one of America’s leading retail companies.
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Who is Brian Cornell?
Brian C. Cornell, born circa 1958, is an American businessman renowned for his leadership skills and strategic vision. Currently serving as the chairman and CEO of Target Corporation, he has also held notable positions in other major companies.
How old is Brian Cornell?
Born in 1958, Brian Cornell is approximately 66 years old as of 2024.
Early Life and Education Background
Cornell’s early life in Queens, New York City, was marked by challenges, including growing up in a fatherless household and relying on welfare due to his mother’s heart disease. Despite these hardships, he excelled academically, graduating from the University of California, Los Angeles (UCLA) in 1981 and later attending the UCLA Anderson School of Management in 1991.
Brian Cornell Net Worth
As of now, Brian Cornell’s net worth is estimated to be at least $124 million. This fortune stems from his successful career and ownership of over 399,669 units of Target Corp stock.
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Salary and Compensation of Mr. Cornell
As Target Corp’s Chairman and CEO, Brian Cornell’s total compensation stands at $7,488,822, reflecting his significant role in the company’s growth and success. In 2020 alone, his compensation reached a striking $19,755,188.
Career
Cornell’s illustrious career includes key positions in several major companies. He was the CEO of Michaels (2007-2009), CEO of Sam’s Club (2009-2012), and CEO of PepsiCo Americas Foods (2012-2014). His leadership at Target since 2014 has been particularly noteworthy, marked by strategic decisions and cultural updates that have significantly boosted the company’s growth.
Mr. Cornell TGT Stock and Insider Trading Activity
Cornell’s financial activities include notable insider trading of Target Corp stock. His largest transaction occurred in 2020, exercising 294,551 units. As of August 2023, he still owns at least 399,669 units. His insider trading activities are closely monitored and reported, reflecting his continued investment in the company’s future.
Other Ownership and Academic Support
Apart from Target, Brian Cornell owns stakes in six other companies and serves on various boards, including the UCLA Anderson School of Management. His contributions extend to the broader academic and business communities.
Personal Life
Brian Cornell is married to Martha Cornell, and they are parents to a daughter and a son. His personal life remains relatively private, with a clear separation between his professional and family life.
Conclusion
Brian Cornell’s journey from a challenging childhood to the pinnacle of corporate America is a testament to his resilience, strategic acumen, and leadership skills. As the CEO of Target, he has not only increased his net worth but also significantly contributed to the company’s success.
FAQs about Brian Cornell
- What is Brian Cornell’s role at Target Corporation?
- He is the chairman and CEO of Target Corporation since August 2014.
- What is Brian Cornell’s net worth?
- Approximately $124 million as of August 2023.
- How has Cornell influenced Target’s performance?
- Under his leadership, Target has seen strong growth, especially in the 2010s, earning him praise and awards.
- What educational background does Brian Cornell have?
- He graduated from UCLA in 1981 and attended the UCLA Anderson School of Management in 1991.
- How long has Brian Cornell been with Target?
- He has been with Target since August 2014, serving as Chair & Chief Executive Officer.
