John Chambers was born on the 23rd August 1949, in Cleveland, Ohio USA, and is a businessman and entrepreneur, perhaps best known for being the executive chairman and former CEO of Cisco Systems, an American multinational technology company which designs and sells networking equipment. His career has been active since the 1980s. Beside that, he is also active in politics.
Have you ever wondered how rich John Chambers is, as of early 2016? According to authoritative sources, it has been estimated that the overall size of John’s net worth is currently as high as $1 billion. Most of his income is coming from his successful involvement in the business industry.
John Chambers Net Worth $1 Billion
John Chambers spent his childhood in Kanawha City, West Virginia, with parents John “Jack”, who was an obstetrician, and June Chambers, who worked as a psychiatrist. At the age of nine, he was diagnosed with dyslexia, and thanks to therapy he learnt how to live with this disability. After high school, John studied at the School of Engineering at Duke University from 1967 to 1968, before enrolling at West Virginia University to study Business and Law, after which he graduated with an MBA degree from Indiana University’s Kelley School of Business..
John`s career began in the mid-1970s, when he joined IBM as a salesman, where he stayed for seven years, time which he spent acquiring needed experience, and what is more important, increasing his net worth. In 1983 he joined another IT company, Wang Laboratories, and in no time, he became the Vice-President of the U.S. Operations, which certainly increased his net worth by a large margin. However, Wang Laboratories began slowly to fall apart, and its profit declined, from $2 billion to debt of $700 million in just one year.
John then decided to leave, and found a job at Cisco; his first position was as the senior vice president of Worldwide Sales and Operations. Four years later, after successfully completing his obligations, John was promoted to the executive vice president, andjust a year later in 1995, he became the company`s CEO, and from only $70 million profit per year, turned the company into one of the best technology companys, with revenues of more than $45 billion per year – of coursehis net worth has been in constant growth ever since he became the CEO. In addition, in 2006 John became the Chairman of the Board, which only added to his net worth. However, on the 27th July 2015, John stepped down as the CEO of the company, and Chuck Robbins was named as the new CEO.
Thanks to his successful career, John earned several prestigious awards and recognitions, including the Clinton Global Citizen Award, Woodrow Wilson Award for Corporate Citizenship, and Franklin Institute’s Bower Award for Business Leadership. Furthermore, he was named as one of CNN`s Top 25 Most Powerful People, and as one of the Time Magazine’s “100 Most Influential People”, among many others recognitions.
When it comes to speak about his personal life, John Chambers was married to Elaine, with whom he has two children. He resides in San Jose, California. In free time he is very active as a philanthropist.
