How much is Jeffrey Sprecher’s net worth?
67 years old Jeffrey Sprecher is an American billionaire businessman. As of 2022, Jeffrey Sprecher’s net worth is estimated at $1 Billion.
|Net Worth in 2022||$1 Billion|
|Real Name||Jeffrey Craig Sprecher|
|Famous Name||Jeffrey Sprecher|
|Birth Place||Madison, Wisconsin, United States|
|Birthday||23 February 1955|
|Age/How old?||67 years old|
|Height/How tall?||5 feet 7 inches|
|Wife||Kelly Loeffler (m. 2004)|
|Info Updated||December 2022|
Who is Jeffrey Sprecher? Biography, Career, Net Worth
Jeffrey Sprecher is 67 years old American businessman. He is well known for being the chairman of the New York Stock Exchange and Intercontinental Exchange.
According to Forbes data, Jeffrey Sprecher’s net worth is estimated at $1 billion.
He is considered a visionary in the stock market industry.
In 1997, Sprecher acquired the Continental Power Exchange, which became the foundation of the Intercontinental Exchange (ICE). In 2005, ICE went public, and he traded his 4.5% stake for worth $10 million on its first day.
The company also owns six clearinghouses and the cloud-based mortgage finance platform Ellie Mae. Presently, the ICE has a market cap north of $60 billion.
Aside from this, Jeffrey is also known for being the husband of US Senator Kelly Lynn Loeffler since 2004.
Jeffrey Sprecher’s Age, Birthday & Education
Jeffrey was born on 23rd February 1955 in Madison, Wisconsin, United States, named Jeffrey Craig Sprecher.
According to his date of birth, Jeffrey Sprecher is 67 years old.
Who are Jeffrey Sprecher‘s Parents?
He was born in the family of an insurance broker Peter Sprecher and medical technologist Phyllis Willingham. He grew up with his two sisters, named Karen and Jill Sprecher.
Jeffrey’s sisters are working in the world of entertainment as filmmakers.
After graduation, Sprecher got his first job at Trane. He later joined a job at a power plant development firm, Western Power Group.
Jeffrey Sprecher attended James Madison Memorial High School. While attending the school, he got initiated into the Wisconsin Alpha Chapter of Sigma Alpha Epsilon.
In 1978, Sprecher received a Bachelor’s degree in chemical engineering from the University of Wisconsin-Madison.
He also completed his Master of Business Administration from Pepperdine University in 1984.
How much is Jeffrey Sprecher’s Net Worth & Salary
Jeffrey Sprecher has a net worth of $1 billion.
He has accumulated all his wealth by being the CEO of Intercontinental Exchange, the firm that owns the New York Stock Exchange.
In 1997, Sprecher paid $1,000 for a defunct computer-based platform for trading electricity, which turned into a $75 billion enterprise. According to an analysis of share transactions, Jeffrey has sold more than $450 million in stock since 2005.
According to Forbes, Jeffrey crossed the billion-dollar threshold even after the recent declines in the market in 2020.
Today his worth is estimated at $1 billion, which rose from $800 million in 2020.
In addition, Jeffrey makes $14.4 million as Chairman of the Board at Intercontinental Exchange Inc.
Jeffrey Sprecher‘s Net Worth Estimates (5 years Net Worth)
The graph of Jeffrey Sprecher’s Net Worth is shown below-
|Net Worth Year||Total Income|
|2022||$ 1 Billion|
How did Jeffrey Sprecher become a billionaire?
After graduation, Jeffrey Sprecher started working at Trane Technologies Inc. Later, he joined Western Power Group in 1983.
In 1996, Jeffrey bought the Continental Power Exchange in Atlanta for $1 plus the assumption of debt. The company later became the foundation for an American Fortune 500 company named Intercontinental Exchange (ICE) in 2000.
ICE got formed with the partnership of seven banks and oil companies, including Goldman Sachs, BP, Morgan Stanley, Deutsche Bank, Shell, Total, and Societe Generale.
It started as an energy trader in Atlanta using the World Wide Web to build an online exchange platform for natural gas trading. Eventually, Jeffrey evolved into owning commodity exchange, from oil and gas to financials and agriculture.
In 2000, Sprecher approached Enron, a market-dominated electricity trading company, as a client.
However, Enron collapsed into bankruptcy in the wake of a scandal, and ICE went public in 2005.
Fortunately, he earned $10 million from his 4.5% stake in the company after its first-day trading.
Since then, the company’s business expanded with the following acquisitions:
- Interactive Data Corporation (2015)
- SuperDerivatives (2014)
- Singapore Mercantile Exchange (November 2013)
- NYSE Euronext (2013)
- Climate Exchange (2010)
- The Clearing Corporation (2009)
- Creditex (2008)
- New York Board of Trade (2006)
- International Petroleum Exchange (2001)
Additionally, Jeffrey also formed Bakkt, an American company that deals with digital currency in the market, in 2018. In 2021, it got absorbed into a Special purpose acquisition company (SPAC).
During the COVID-19 pandemic, Sprecher and his wife sold $20 million worth of stock in companies. However, Kelly has denied all the allegations regarding the sale and violation of the federal law or Senate rules.
Recently, Jeffrey sold 86,745 units of ICE stock worth $10.8 million in February 2022. He still owns at least 1,295,470 units of ICE stock as of today.
Jeffrey Sprecher‘s Height, Weight, and Physical Stats
Do you want to know the physical appearance, height, and weight of Jeffrey Sprecher? Have a look below:
|Height||5 feet 7 inches (1.70 m)|
|Weight||67 kg or 148 lbs|
|Eye Color||Dark Brown|
|Shoe Size||8 (US)|
Jeffrey Sprecher’s Wife & Kids
Jeffrey Sprecher got married to Kelly Loeffler in 2004. There is no information about whether them having a child or not.
Kelly is a former Senator and an American businesswoman. She served as a senator for Georgia from 2020 to 2021. Moreover, she was CEO of Bakkt, a subsidiary of Intercontinental Exchange.
They live together in Tuxedo Park, Atlanta, in a $10.5 million, 15,000 square-foot estate named Descante.
Aside from this, they also own four additional homes and a condo. Their beach house in Georgia cost $4.3 million.
In addition, the couple donated $1 million to the Phoebe Foundation’s COVID-19 Relief Fund during the pandemic for personal protective equipment.
Jeffrey Sprecher is a Wisconsin-based businessman. He got famous for being the chairman and CEO of Intercontinental Exchange Inc.
He is also the chairman of the New York Stock Exchange, owned by Intercontinental Exchange.
Jeffrey rose from a humble background to be the wealthiest man in the United States. He is an inspiration to young entrepreneurs, looking forward to making it in the business world.
In 2004, Jeffrey got married to the United States, Senator Kelly Loeffler. Due to his wealth, Kelly became the wealthiest member of Congress.
As of May 2022, Jeffrey Sprecher has a net worth of $1 billion.
He has been married to former U.S. Senator Kelly Loeffler since May 2004.
As of May 2022, Jeffrey Sprecher’s net worth is roughly calculated at $450 million.
Born on 23 February 1955, Jeffrey Sprecher is 67 years old as of 14 May 2022.
The American businessman Jeffrey Sprecher stands at 5 feet 7 inches (1.71 m) tall.
Jeffrey Sprecher and his wife Senator Loeffler do not have children.