Devin Wenig Net Worth: $75 million
|Date of birth
|October 21, 1966
|Bachelor’s degree in English
|Law degree from Columbia Law School
|Corporate lawyer at Cravath, Swaine & Moore LLP
|CEO of Reuters Americas
|President of Global eCommerce at Ticketmaster
|CEO of eBay Inc.
|Salary as eBay CEO
|Board membership at General Motors
Devin Wenig’s net worth is around $75 million.
Devin Wenig is a famous American business executive and entrepreneur. Wenig is mostly known for his role as the CEO of eBay Inc., a multinational e-commerce corporation. Wenig held the position from 2015 until his resignation in 2019. In this article, we will discuss Devin Wenig’s net worth and how he accumulated his wealth.
Most of his wealth comes from his career as a business executive and entrepreneur. Wenig earned a large portion of his net worth during his tenure at eBay, where he received an annual salary of $14.5 million.
Wenig has also served on the board of directors for many companies, including General Motors, serving as a member from 2018 to 2020.
Devin Wenig Biography:
Devin Wenig was born on October 21, 1966, in Queens, New York City, United States. Devin Wenig grew up in a Jewish family and attended a public high school in Long Island.
Devin later earned a bachelor’s degree in English from Union College in Schenectady, New York, and a law degree from Columbia Law School.
Devin Wenig Career:
After completing his law degree, Wenig joined the law firm Cravath, Swaine & Moore LLP in New York City. Devin worked there for five years as a corporate lawyer, specializing in mergers and acquisitions.
In 1993, Wenig left the legal profession and joined Reuters Group PLC, a global news and information company. Devin Wenig held many executive positions during his 18-year tenure at the company, including Chief Operating Officer and Chief Executive Officer of Reuters Americas.
In 2011, Wenig left Reuters and joined the online ticket marketplace company, Ticketmaster. He served as the President of Global eCommerce and was responsible for the company’s digital strategy.
Devin Wenig- eBay CEO
In 2015, Devin Wenig was appointed as the CEO of eBay Inc. Wenig took over from John Donahoe, who had held the position for 7 years. As CEO, Wenig was responsible for leading the company’s growth strategy, expanding its global footprint, and driving innovation.
During Wenig’s tenure, eBay underwent huge changes. The company spun off its payment processing subsidiary, PayPal, and focused on building its core e-commerce platform. Wenig also oversaw the acquisition of several companies, including Expertmaker, SalesPredict, and Terapeak, which helped eBay expand its capabilities in artificial intelligence and analytics.
Devin Wenig Resignation: Controversies
In 2019, Wenig resigned as the CEO of eBay Inc. The company released a statement saying that Wenig had stepped down due to differences with the company’s board of directors.
But, it later emerged that Wenig had been involved in a series of controversies during his time as CEO. In 2019, several former eBay employees were charged with cyberstalking a couple who had criticized the company in their online newsletter. Wenig was not directly involved in the incident, but the investigation revealed that he had approved some of the actions taken by the employees.
Devin Wenig Conclusion:
Devin Wenig is a successful American business executive and entrepreneur who has had a varied career in law, media, and e-commerce. As the CEO of eBay, Wenig oversaw huge changes in the company, including the spin-off of PayPal and the acquisition of many companies. Despite his controversial departure from eBay, Wenig has gathered a huge fortune and continues to be involved in the business world as a board member of several companies.