Carly Fiorina’s Net Worth
Occupation: Former CEO of Hewlett-Packard
Most Money Made In: CEO of HP
Estimated Net Worth as of 2015: 59 Million
According to Forbes Carly Fiorina made over $100 Million working at HP. Her major in college? Philosophy and Medieval History. Philosophy and Medieval History! She later got her MBA in marketing but I wonder if her life turned out as she had planned it when she was going into college. There’s a lesson here, your major shouldn’t hold you back. Maybe she’s finding it useful in the grand melee called the Republican debates.
Carly Fiorina’s net worth is provided by the press release that she gave alongside her personal financial disclosure. Her personal financial disclosure was taken from the Center for Responsive politics webpage: opensecrets.org. The disclosure itself is quite interesting. Fiorina holds small amounts of hundreds of individual stocks, bonds, and partnerships. I don’t really know what to make of it. Someone is actively managing these positions. I don’t quite understand how it makes sense to have a $4,000 position in Monster Beverage, representing 6 ten thousandths of her portfolio. Moreover it doesn’t look like these positions were bought in order to simply have a low cost way of emulating the index. It appears to me that someone is trading them. So I’m left scratching my head. That’s like the average person spending time trying to decide whether to invest $40 of a half million dollar portfolio in a single stock. Carly Fiorina probably has more financial acumen than I will honestly believe myself to possess, but it’s a mystery.
Her incentives are mostly aligned with the very rich and the upper middle class. The very rich earn most of their money from capital gains and dividends. Here is an example of a way her wealth might incentivize her to vote. One proposal to increase government revenue is to increase taxes on capital gains and dividends to match earned income. This would cost Carly a great deal of money (as much as an additional 20% of her income) without benefitting her directly. That doesn’t necessarily mean she wouldn’t support such a proposal, or if she opposes it that she does so out of greed. It’s just that the negative effects are easier to envision and empathize with when you have to experience them yourself.