What Is Mike Schroepfer’s Net Worth?
Among the hottest Businessmen in the world is Mike Schroepfer. He is the chief technology officer at Facebook. He has been in the company for 13 years and has made an estimated $21.8 million in salary. His net worth is estimated at $100 million. Nevertheless, his true net worth might be less than the amount estimated.
Before becoming Facebook’s CTO, Mike Schroepfer was a software engineer at Puffin Designs. He later co-founded a software consulting firm called Reactivity. This firm was acquired by Sun Microsystems. Schroepfer also worked as a partner at this company.
After his stint at Reactivity, Schroepfer moved to a company called CenterRun. He was the company’s chief architect, as well as a partner. He earned a bachelor’s degree in computer science and a master’s degree in computer science from Stanford University.
Mike Schroepfer’s salary and net worth have been in the news for several months. The rumors that he is stepping down from his role as Facebook’s CTO are true. In September, Schroepfer announced that he would be leaving the company sometime this year. He was going to be replaced by Andrew Bosworth, Facebook’s vice president of augmented and virtual reality. Schroepfer will move to a new part-time position at a company created specifically for him. He will be paid up to seventy-five percent of his base salary. However, Schroepfer will forfeit 232,000 restricted stock units, which is roughly a third of Facebook’s shares.
As the Chief Technology Officer, Schroepfer had to oversee a wide range of departments within the company. He had to recruit, develop, and manage technology talent. Schroepfer also had to lead the development of the Firefox web browser at Mozilla. As a result, his salary at Facebook was estimated to be $21.8 million per year.
When Facebook went public in 2012, Schroepfer sold a total of $460,628,064 of his stock. Before the IPO, Schroepfer earned a total of $24.4 million in stock awards and a total of $141,344 in bonus money. His net worth before the IPO is estimated to be $554 million.
When Schroepfer joined Facebook, he was the vice president of engineering. He will take on a new part-time role, called “senior fellow,” at Facebook, where he will be responsible for developing artificial intelligence investments and recruiting technical talent. He will start this new position next year. The salary will likely be a premium one.
Mike Schroepfer is known for keeping his personal life low-profile. His past relationships have not been reported, and he has reportedly not been married. However, there are rumors that Schroepfer is getting married to a wealthy businesswoman from his background. However, it is not clear whether these two are friends or dating.
Mike Schroepfer is currently living in the San Francisco Bay Area. He graduated from Spanish River Community High School in Palm Beach County, Florida. He has a bachelor’s degree in computer science from Stanford University and a master’s degree in computer engineering from Stanford University. He has also visited Cambridge University.
