Charlie Baker is a well-known figure in American politics and business. He served as the 72nd governor of Massachusetts from 2015 to 2023 and is currently the president of the National Collegiate Athletic Association (NCAA). But how much is he worth and how did he earn his fortune? In this article, we will explore Charlie Baker’s net worth, sources of income, and financial history.
Charlie Baker’s Early Career and Education
Charlie Baker was born on November 13, 1956, in Elmira, New York. He grew up in Needham, Massachusetts, and attended Harvard University, where he graduated with a BA in 1979. He then obtained an MBA from Northwestern University’s Kellogg School of Management in 1986.
Baker began his career as a management consultant at Monitor Group, a global strategy consulting firm. He then joined the Massachusetts state government in 1991 as the undersecretary of health and human services under Governor Bill Weld. He was promoted to secretary of health and human services in 1992 and secretary of administration and finance in 1994. He served in these roles until 1998, overseeing a range of policy areas such as health care, welfare, education, transportation, and budget.
Charlie Baker’s Business Ventures and CEO Roles
After leaving the public sector, Baker joined Harvard Vanguard Medical Associates, a large physician group practice, as its CEO in 1998. He then became the CEO of Harvard Pilgrim Health Care, a nonprofit health benefits company, in 1999. Under his leadership, Harvard Pilgrim improved its financial performance, customer satisfaction, and quality ratings. It was ranked as the top health plan in America for six consecutive years by the National Committee for Quality Assurance.
Baker stepped down from Harvard Pilgrim in 2009 to run for governor of Massachusetts as a Republican candidate. He lost the 2010 election to Democratic incumbent Deval Patrick by six percentage points. He then joined General Catalyst Partners, a venture capital firm, as an executive-in-residence in 2011. He also served on the boards of several companies and organizations, such as Oxfam America, MassINC, and the Massachusetts High Technology Council.
Baker ran for governor again in 2014 and narrowly defeated Democratic nominee Martha Coakley by two percentage points. He was reelected in 2018 with 67% of the vote, the largest vote share in a Massachusetts gubernatorial election since 1994. He was widely regarded as one of the most popular governors in the nation, with high approval ratings across party lines. He focused on issues such as economic development, education reform, opioid crisis response, transportation improvement, and clean energy.
In December 2021, Baker announced that he would not seek reelection in 2022. He said he wanted to spend more time with his family and pursue other opportunities. In March 2023, he was elected as the president of the NCAA, succeeding Mark Emmert. He said he was honored to lead the organization that oversees college sports in the US and vowed to promote academic excellence, athletic integrity, and student-athlete well-being.
Charlie Baker’s Net Worth and Salary
According to various sources, Charlie Baker’s net worth is estimated to be between $20 million and $30 million as of 2023. His main sources of income are his salary as the NCAA president, his investments in various companies and funds, and his assets such as his home in Swampscott, Massachusetts.
According to Forbes, Baker’s salary as the NCAA president is $250,000 per year. This is a significant increase from his salary as the governor of Massachusetts, which was $185,000 per year. However, Baker did not accept his full salary as governor and instead donated part of it to charity or returned it to the state treasury.
Baker also has a substantial portfolio of investments in various companies and funds. According to his financial disclosure forms, he owns shares in Apple , Amazon , Google , Facebook , Netflix , Tesla , Berkshire Hathaway , Vanguard , BlackRock , and many others. He also has stakes in several venture capital funds such as General Catalyst Partners , Accomplice , NextView Ventures , Founder Collective , and Flybridge Capital Partners . Some of these funds have invested in successful startups such as Airbnb , Stripe , HubSpot , DraftKings , Udemy , and Skillshare .
Baker also owns a home in Swampscott, Massachusetts, where he lives with his wife Lauren Schadt and their three children. The property is valued at around $1.5 million and has six bedrooms, four bathrooms, and a swimming pool.
Conclusion
Charlie Baker is a prominent figure in American politics and business. He has served as the governor of Massachusetts and the president of the NCAA, as well as the CEO of Harvard Pilgrim Health Care and Harvard Vanguard Medical Associates. He has also been involved in various business ventures and philanthropic activities. His net worth is estimated to be between $20 million and $30 million, mainly derived from his salary, investments, and assets. He is widely respected for his leadership, vision, and bipartisanship. He is one of the richest and most influential people in Massachusetts and the US.