What is Richard Fairbank's Net Worth?
What's in his wallet? Around $1.1 billion. Richard Fairbank is an American businessman who has a net worth of $1.1 billion. Richard Fairbank was born in September 1950. He founded Capital One in 1994 with Nigel Morris and also serves as chairman and CEO. Fairbank graduated from Stanford University and the Stanford Graduate School of Business. He serves as a non-executive director of MasterCard International. Fairbank is the chairman of the U.S. region board of directors for MasterCard International.
He is also a member of the Stanford Business School Advisory Council. Richard Fairbank is a member of the board of directors of the BTIS Technology forum and a member of the Financial Services Roundtable. He earned more than $6 million as CEO of Capital One in 2009 and in 2012 his total compensation was $22.6 million. Starting in 1998 he receives a base salary of zero dollars but, as we just mentioned, his total compensation is typically more than $15 million per year. He was named Washingtonian's Business Leader of the Year. Capital One's stock price has grown more than 2,200% since going public in 1994. Richard has sold $500 million worth of his shares since 2004.
