Chase Carey was born on 22 November 1953 and is an Irish-American executive. Carey is the Chief Executive Officer (CEO) and Chairman of the Formula One group. He replaced the former F1 boss Bernie Ecclestone in 2016.
Carey helped grow Formula One from a cult sport with a limited fan base concentrated in Western Europe, Argentina and Brazil into a worldwide endeavor worth billions.
He has previously worked for News corp, DIRECTV, 21st century fox and sky plc. As a new F1 CEO, Chase Carey has believe that series will look to aggressively grow its corporate sponsor roster. He also is renowned for hiring intelligently, then giving his executives autonomy to do their work.
Chase Carey's Net Worth, Earnings, Salary & Endorsements
The estimated net worth of Chase Carey is at least $44 Million. He owns over 2,11,850 units of Twenty-First Century Fox stock worth over $23,973,486 and over the last 3 years he sold Fox stock worth over $0. In addition, Carey's salary is over $20,000,000 as Vice Chairman of the Board at Twenty-First Century Fox.
The largest trade he's ever made was exercising 211,850 units of Twenty-First Century Fox stock on 15 August 2016 worth over $7,842,687.
He is immensely into sports. He played rugby in university, and also follows their Yankees baseball team and Giants American football team. He always wanted Fox network to support Sports in 1990s and signed billion dollar deals for Football broadcasting rights.
He was criticised in a statement issued on behalf of 16 race promoters for the championship's direction, that sought "a more collaborative approach to the development of the championship" after querying the loss of free-to-air coverage, declaring a "lack of clarity" on new initiatives and the threat new races pose to existing grands prix.
In his first public response, Carey told ESPN that "all three" concerns were addressed in F1's meeting with the promoters the following day but "realistically no-one brought any of them up - they just put it out in a press release, which was a little strange".
He said: "I thought that was the strangest because they put it out the night before [the meeting].
SOURCE OF WEALTH
Stock trading, remuneration as CEO & chairman
Ireland and New York
Harvard Business School & Colgate University
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