Timothy J. Sloan is not just a banker but also a cunning mind player. Not with fate but with his ethical work and efforts, he reached to the position of CEO of the Wells Fargo, the world’s second-largest bank by market capitalization.
Timothy, who started his career as a bank teller at Standard Federal Savings and Loan Association in Ann Arbor, also served as Wells Fargo’s chief financial officer, chief administrative officer.
Timothy's Net Worth
The CEO of Wells Fargo, Timothy J. Sloan, has an estimated net worth of $74.3 million. As per the sources, he owns over 357,603 shares of Wells Fargo stock that values more than $56,687,695. As a CEO of the company, he accumulated the fortune of $18.4 million in 2018. Previously, in 2017, he earned 291 times more than the average salary Wells Fargo employee, which had the value of $17.5 million.
Besides his banking career, he has donated over $25k to the political candidates out of which 80% went to Republicans including Mitt Romney and Sen. Scott Brown of Massachusetts. Tim has been serving as CEO of Wells Fargo since 2016 after his predecessor; John Stumpf resigned.
Currently, Timothy lives in his San Marino's house which he bought for $5.15 million back in 2007. The apartment is of Spanish-style with an area of 5,804 square feet with eight bedrooms.
Wife And Married Life
To those who may know Timothy J. Sloan, he is a married man. Currently, he relishes a longterm married life with his wife, Lisa Sloan, who is the owner of Silk Purse Renovations. She also was the creative chair for Grad Night in 2006 and co-chaired the golf tournament for the high school.
However, the CEO of Wells Fargo leads a low-key profile regarding his romantic life and experiences. There is no specific information about his initial love with his long-time spouse-similarly, the records of when and how the happily married couple started their relationship remain under the radar.
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Nevertheless, the current life of Timothy J. Sloan is no secret. He is the father of three children; Ben, Andrew, and Kathleen, and also have two grandkids.
Tim Sloan and his wife, Lisa Sloan (Photo: gettyimages.ca)
Currently, Tim resides in UpScale in San Marino along with his wife cherishing the sustained love and married life.
Bio, Family, Education
Timothy J. Sloan, age 58, was born in the prosperous family to his parents, Jerry, and Jeanne in Michigan, the United States. His father served for the Ford Motor Company in Michigan, Detroit.
He enclosed a close-knit bond with his family. His parents were proud of their son who at the time told the Wells Fargo that their feeling was beyond belief.
Timothy pursued his education from the University of Michigan where he garnered the degree of B.A. in economics and history and his M.B.A. in finance and accounting.