Marissa Mayer Net Worth, Early Life, Education, Career, Allegations, Awards and Personal Life

Published Date   22nd Aug. 2017, 06:43 am
Marissa Mayer Net Worth, Early Life, Education, Career, Allegations, Awards and Personal Life
Quick Info
Birth Name: Marissa Ann Mayer
Date of Birth:30/05/1975
Age: 43 years old
Nationality:American
Net Worth:$540 million
Qualification:BS in symbolic systems, MS in computer science




American information technology executive Marissa Mayer net worth accelerated as she held the prestigious positions like President and CEO of Yahoo!.

Synopsis

Marissa Ann Mayer previously held the position of president and Chief Executive Officer of web service provider, Yahoo!. She held the position until 2017 right before the sale of Yahoo! to Verizon Communications. Marissa Mayer net worth is high also because of her association with Google where she served as the key spokesperson, executive and long-time usability leader.

Early Life and Education

Marissa Ann Mayer was born on May 30, 1975 in Wausau, Wisconsin, the United States of America. She holds American citizenship and her parents are Margaret Mayer and Michael Mayer. Her mother is an art teacher and has Finnish descent while her father is an environmental engineer who worked for water companies. She grew up with her younger brother.

As a child, she was quite shy. However, she used to participate in a number of activities. Consequently, she learned qualities such as discipline and confidence. In addition, she was interested in math and science.

Mayer went to Wausau West High School where she was in curling and dance team. In addition, she was an excellent student in chemistry, biology, physics and calculus. Furthermore, she was the president in her high school’s Spanish club, treasurer of key club and held many other responsibilities in other clubs.

She graduated from High School in 1993. After graduation, Tommy Thompson, then Governor of Wisconsin, selected Mayer as a delegate to attend the National Youth Science Camp. Marissa Mayer net worth rose swiftly after this camp.

Later, Mayer attended Stanford University where she took Pre-med classes with an intension to become a pediatric surgeon. However, she switched to symbolic system which combined philosophy, linguistic, computer science and cognitive psychology. She was a member of parliamentary debate at Stanford. Similarly, she volunteered at children’s hospital and helped bring computer education to Bermuda’s school.

Mayers graduated from Stanford in 1997 with honors in BS in symbolic systems. She completed her MS in computer science in 1999.  Mayer was granted with an honoris causa doctorate degree for her work in the field of search by the Illinois Institute of Technology.

Early Career Highlights

After graduation, Mayer took a class in symbolic system under the supervision of Eric S. Roberts. Marissa Mayer net worth grew as Roberts offered her to teach another class over summer. It was because the students received her class well enough.

She did an internship at SRI International in Menlo Park, California and Ubilab in Zurich, Switzerland. The computer science graduate holds several patents in artificial intelligence and interface design.

Professional Career Highlights

After graduating as one of the top students from high ranked university, Mayer got 14 job offers. However, she chose to accept Google’s offer and joined in 1999 as first female engineer of the company. Her primary responsibilities included overseeing small teams of engineer, writing codes and developing/designing Google’s search offerings.

Her detail-oriented work took no time to hold attention of higher officials. As a result, she got her promotion as product manager and then director of consumer web products. Marissa Mayer net worth rose as she became one among three-person team responsible for Google AdWords.

She initiated Associate Product Manager (APM) program with an aim to recruit new talents and train them for leadership roles within the company. Similarly, she held key roles in Google Search, Google Images, Google News, Google Maps, iGoogle and many other Google apps.

Marissa Mayer net worth increased as she became the vice president of Google Search Products and User Experience until 2010. Later, then-CEO Eric Schmidt asked her to head Local, Maps and Location Services. In addition to holding her responsibilities, she also taught introductory computer programming at Stanford and mentored student at the East Palo Alto Charter School.

In 2012, Mayer became the president and CEO of Yahoo! Moreover, she served as board of director of the company. While working at Yahoo! She launched a new online program PB&J that collects complains and votes on problems in the office form employees.

Mayer made major changes to personnel policy at Yahoo! She changed maternity leave policy and provided more time allowance and cash bonus to parents. However, she received multiple criticisms for her management decisions.

As a CEO of Yahoo!, Mayer acquired Tumbler on May 20, 2013 in $1.1 billion. The same year, Yahoo! Stock price had doubled over 14 months since her appointment.

On June 23, 2017, Mayer announced her resignation from Yahoo! after large loss in advertising revenue and 50% reduction in staff during her 5-year tenure as a CEO. However, she got paid $239 million mainly in stock.

Allegations on Gender-Based Discrimination

Scott Ard filed a lawsuit alleging Mayer use her personal opinions on someone’s performance without seeing the factual reviews. Ard was a prominent editorial director who got fired. Afterwards, a woman took over his position.

Similarly, Gregory Anderson was another employee fired in 2014. Anderson alleged that the company’s performance management system was biased. This was the first WARN Act and gender discrimination that Yahoo! and Mayer faced in 2016.

Awards and Acknowledgments

Marissa Mayer net worth heightened due to her award winning works. Apart from graduating as an honors student, she is also the recipient of honoris causa doctorate degree from the Illinois Institute of Technology. Further, Stanford awarded her with the Centennial Teaching Award and the Forsythe Award.

Fortune ranked Mayer 6th in 40 under 40 list in 2014. The same year, Fortune ranked her 16th most powerful businesswoman in the world. On the other hand, Fortune named her as one of the most disappointing leaders in 2016 as Yahoo! Stocks continued to fall by 30%.

Personal Life and Net Worth

Mayer married Zachary Bogue at the end of 2009. Bogue is a lawyer and investor. The couple has a son, Macallister, born in September 30, 2012 and twin daughters, Marielle and Sylvana, born in December 10, 2015. Mayer resides on the 38th floor penthouse suite at the Four Seasons Hotel in San Francisco since 2008.

The IT executive, Marissa Mayer net worth increased with her service at Yahoo! and Google for a long time in a high position. According to the recent data, Marissa Mayer net worth is $540 million.

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