Wiki Biography of John Chambers
John Chambers is an American businessman and entrepreneur who is best known for being the executive chairman and former CEO of Cisco Systems, an American multinational technology firm that creates and sells networking equipment. He was born on August 23, 1949, in Cleveland, Ohio, USA. Since the 1980s, he has had a successful career. Aside from that, he is involved in politics.
Have you ever wondered what John Chambers’ net worth is right now, in early 2016? According to reliable sources, John’s net worth is now estimated to be around $1 billion. His effective involvement in the business area provides the majority of his income.
John Chambers has a $1 billion net worth.
John Chambers grew up in Kanawha City, West Virginia, with his parents, John “Jack” Chambers, an obstetrician, and June Chambers, a psychiatrist. He was diagnosed with dyslexia when he was nine years old, and with the help of counseling, he learned to cope with it. After graduating from high school, John attended Duke University’s School of Engineering from 1967 to 1968, before enrolling at West Virginia University to study Business and Law, and then earning an MBA from Indiana University’s Kelley School of Business.
John’s professional career began in the mid-1970s, when he joined IBM as a salesperson and stayed for seven years, during which time he gained valuable expertise and, more importantly, increased his financial worth. In 1983, he joined another IT firm, Wang Laboratories, and quickly rose through the ranks to Vice-President of U.S. Operations, significantly increasing his net worth. Wang Laboratories, on the other hand, began to crumble slowly, and its profit dropped from $2 billion to $700 million in just one year.
After that, John chose to quit and went to work for Cisco, where he was promoted to senior vice president of worldwide sales and operations. After successfully completing his obligations, John was promoted to executive vice president, and a year later, in 1995, he became the company’s CEO, and transformed the company from a $70 million profit per year to one of the best technology companies in the world, with revenues of more than $45 billion per year – of course, his net worth has been steadily increasing since he became the CEO. In addition, in 2006, John was appointed Chairman of the Board, further increasing his wealth. On July 27, 2015, however, John stepped down as CEO of the corporation, and Chuck Robbins was selected as his replacement.
John has received numerous notable accolades and recognitions as a result of his outstanding career, including the Clinton Global Citizen Award, the Woodrow Wilson Award for Corporate Citizenship, and the Franklin Institute’s Bower Award for Business Leadership. He was also named one of CNN’s Top 25 Most Powerful People and one of Time Magazine’s “100 Most Influential People,” among numerous other honors.
When it comes to his personal life, John Chambers is married to Elaine and has two children with her. He lives in the city of San Jose, California. He is a highly active philanthropist in his spare time.
|Net Worth||$1 Billion|
|Date Of Birth||1949-08-23|
|Education||Kelley School of Business|
|Spouse||Elaine Chambers (EX-spouse)|
|Children||John Chambers, Lindsay Chambers|