Who is Larry Bossidy and what is his net worth? Larry Bossidy is an American businessman who served as the CEO of AlliedSignal from 1991 to 2000 and Honeywell International from 1995 to 2000 after the merger of AlliedSignal and Honeywell. As of 2023, Larry Bossidy's net worth is estimated to be around $490 million.

Larry Bossidy is well-known for his leadership and management skills, which helped turn around the performance of both AlliedSignal and Honeywell. He is also known for his work on the "Honeywell Operating System," which is a set of management practices that have been adopted by many other companies.

Bossidy was born in Pittsfield, Massachusetts, in 1935. He earned a bachelor's degree in mechanical engineering from Northeastern University and an MBA from Harvard Business School. He began his career at General Electric, where he held various management positions. In 1979, he joined AlliedSignal as president and CEO.

Under Bossidy's leadership, AlliedSignal's sales grew from $2 billion to $14 billion, and its profits increased from $200 million to $1 billion. In 1999, AlliedSignal merged with Honeywell, and Bossidy became the CEO of the combined company.

Bossidy retired from Honeywell in 2000. He has since served on the boards of several companies, including The Coca-Cola Company, Merck & Co., and United Technologies Corporation.

Larry Bossidy Net Worth

Larry Bossidy's net worth is estimated to be around $490 million as of 2023. Key aspects that contribute to his net worth include:

Salary
Bonuses
Stock options
Investments
Real estate
Art collection
Other assets

Bossidy's salary as CEO of Honeywell was $1.5 million in 2000. He also received bonuses and stock options, which contributed to his net worth. In addition, Bossidy has made wise investments over the years, which have also increased his net worth. He is a collector of art, and his collection is estimated to be worth millions of dollars. Bossidy also owns several properties, including a home in Florida and a vacation home in Colorado.

1. Salary

Salary is a major component of Larry Bossidy's net worth. As CEO of Honeywell, Bossidy's salary was $1.5 million in 2000. This salary was likely much higher in subsequent years, as Bossidy led Honeywell through a period of significant growth and profitability.

Base Salary
Base salary is the fixed amount of money that an employee receives for their work, regardless of performance or other factors. Bossidy's base salary as CEO of Honeywell was likely a significant portion of his total compensation.
Bonuses
Bonuses are payments that are made to employees in addition to their base salary, typically for good performance or other achievements. Bossidy likely received bonuses for his success in leading Honeywell.
Stock Options
Stock options give employees the right to buy a certain number of shares of company stock at a set price. Bossidy likely received stock options as part of his compensation package. If the value of Honeywell's stock increased, Bossidy would have profited from these stock options.
Other Benefits
In addition to salary, bonuses, and stock options, Bossidy likely received other benefits as CEO of Honeywell, such as health insurance, life insurance, and a retirement plan.

Bossidy's salary and other compensation as CEO of Honeywell have contributed significantly to his net worth. His success in leading Honeywell has resulted in a substantial financial reward.

2. Bonuses

Bonuses are a significant component of Larry Bossidy's net worth. As CEO of Honeywell, Bossidy likely received substantial bonuses for his success in leading the company. Bonuses are typically paid out in addition to salary and other forms of compensation, and they can be a major factor in determining an executive's overall pay package. In Bossidy's case, his bonuses likely contributed significantly to his net worth, which is estimated to be around $490 million as of 2023.

Bonuses are often tied to performance, and Bossidy's success in leading Honeywell resulted in significant financial rewards. Under his leadership, Honeywell's sales grew from $2 billion to $14 billion, and its profits increased from $200 million to $1 billion. This growth and profitability likely resulted in substantial bonuses for Bossidy.

Bonuses can be a valuable tool for attracting and retaining top talent. By offering bonuses, companies can incentivize executives to perform at a high level and achieve the company's goals. In Bossidy's case, his bonuses likely helped to motivate him to lead Honeywell to success.

3. Stock options

Stock options are a significant component of Larry Bossidy's net worth. As CEO of Honeywell, Bossidy likely received substantial stock options as part of his compensation package. Stock options give employees the right to buy a certain number of shares of company stock at a set price. This can be a valuable perk, especially if the company's stock price increases.

Value appreciation
One of the primary ways that stock options can contribute to Larry Bossidy's net worth is through value appreciation. If the value of Honeywell's stock increases, the value of Bossidy's stock options will also increase. This can result in a substantial financial gain for Bossidy, especially if he exercises his options and sells the shares at a profit.
Tax benefits
Stock options can also provide tax benefits. When Bossidy exercises his stock options, he will be taxed on the difference between the exercise price and the fair market value of the shares. However, if he holds the shares for at least one year after exercising the options, he will be eligible for the long-term capital gains tax rate, which is typically lower than the short-term capital gains tax rate.
Incentive compensation
Stock options can also serve as a form of incentive compensation. By offering stock options to executives, companies can align their interests with the interests of the company's shareholders. This can motivate executives to make decisions that are in the best interests of the company and its shareholders, which can ultimately lead to increased shareholder value and, therefore, increased value for Bossidy's stock options.

Overall, stock options are a valuable component of Larry Bossidy's net worth. They provide him with the opportunity to share in the success of Honeywell and to benefit financially from the company's growth and profitability.

4. Investments

Investments are a significant component of Larry Bossidy's net worth. He has made wise investments over the years, which have contributed to his financial success. Bossidy's investment strategy is focused on long-term growth and value creation. He invests in a variety of asset classes, including stocks, bonds, and real estate.

One of Bossidy's most successful investments was his investment in The Coca-Cola Company. He purchased Coca-Cola stock in the early 1990s, and he has held onto it for over 20 years. During that time, the value of Coca-Cola stock has increased significantly, and Bossidy's investment has grown substantially.

Bossidy has also made successful investments in real estate. He owns several properties, including a home in Florida and a vacation home in Colorado. These properties have appreciated in value over time, and they have contributed to Bossidy's net worth.

Bossidy's investment strategy is based on a few key principles. First, he focuses on long-term growth. He believes that the best investments are those that will appreciate in value over time. Second, he invests in businesses that he understands. He does his research and only invests in companies that he believes have a strong future. Finally, he is patient. He is willing to hold onto his investments for the long term, even if there are short-term fluctuations in the market.

Bossidy's investment strategy has been successful in building his net worth. He has made wise investments over the years, and he has benefited from the long-term growth of the stock market and the real estate market.

5. Real estate

Real estate plays a significant role in Larry Bossidy's net worth. He owns several properties, including a home in Florida and a vacation home in Colorado. These properties have appreciated in value over time, and they have contributed to Bossidy's net worth.

Investment
Real estate can be a valuable investment. Properties can appreciate in value over time, and they can also generate rental income. Bossidy's investment in real estate has been a major factor in his financial success.
Diversification
Real estate can also be used to diversify an investment portfolio. By investing in real estate, Bossidy has reduced his risk exposure to the stock market and other asset classes.
Tax benefits
Real estate can also provide tax benefits. For example, mortgage interest and property taxes are often tax deductible. Bossidy has likely benefited from these tax benefits, which have helped to increase his net worth.
Estate planning
Real estate can also be used for estate planning purposes. By owning real estate, Bossidy can ensure that his assets will be distributed according to his wishes after his death.

Overall, real estate is a significant component of Larry Bossidy's net worth. It has helped him to build his wealth, diversify his investments, and plan for the future.

6. Art collection

Larry Bossidy's art collection is another significant component of his net worth. He is a passionate art collector, and his collection includes works by some of the world's most famous artists, including Pablo Picasso, Claude Monet, and Vincent van Gogh. Bossidy's art collection is estimated to be worth millions of dollars.

Investment
Art can be a valuable investment. The value of art often appreciates over time, and some works of art can be sold for millions of dollars. Bossidy's art collection has likely increased in value over the years, and it is now worth a significant amount of money.
Diversification
Art can also be used to diversify an investment portfolio. By investing in art, Bossidy has reduced his risk exposure to the stock market and other asset classes.
Tax benefits
Art can also provide tax benefits. For example, donations of art to museums and other non-profit organizations can be tax deductible. Bossidy has likely benefited from these tax benefits, which have helped to increase his net worth.
Personal enjoyment
In addition to its financial value, Bossidy's art collection also provides him with personal enjoyment. He is passionate about art, and he enjoys collecting and displaying works of art that he loves.

Overall, Larry Bossidy's art collection is a significant component of his net worth. It has helped him to build his wealth, diversify his investments, and enjoy his passion for art.

7. Other assets

In addition to the assets mentioned above, Larry Bossidy likely has other assets that contribute to his net worth. These assets may include:

Cash and cash equivalents
Private equity investments
Venture capital investments
Intellectual property
Personal belongings

The value of these assets can vary depending on a number of factors, such as market conditions and the performance of the underlying investments. However, these assets can be a significant component of Bossidy's net worth.

For example, Bossidy may have invested in private equity funds that have generated strong returns. He may also have invested in venture capital funds that have invested in successful startups. These investments could have increased in value over time, and they could now be worth a significant amount of money.

Bossidy may also own intellectual property, such as patents or trademarks. This intellectual property could be licensed to other companies, which could generate royalties for Bossidy. These royalties could contribute to his net worth.

Finally, Bossidy's personal belongings, such as jewelry, cars, and artwork, could also contribute to his net worth. These belongings may have sentimental value to Bossidy, but they could also be sold for a profit if necessary.

Overall, "other assets" can be a significant component of Larry Bossidy's net worth. These assets can include a variety of different investments, personal belongings, and intellectual property. The value of these assets can vary depending on a number of factors, but they can contribute significantly to Bossidy's overall wealth.

FAQs on Larry Bossidy Net Worth

Here are some frequently asked questions about Larry Bossidy's net worth:

Question 1: How much is Larry Bossidy's net worth?

Answer: As of 2023, Larry Bossidy's net worth is estimated to be around $490 million.

Question 2: How did Larry Bossidy build his net worth?

Answer: Larry Bossidy built his net worth through a combination of salary, bonuses, stock options, investments, real estate, and art collection.

Question 3: What is Larry Bossidy's biggest asset?

Answer: Larry Bossidy's biggest asset is likely his stock options in Honeywell International. He also has a valuable art collection and several real estate properties.

Question 4: How has Larry Bossidy's net worth changed over time?

Answer: Larry Bossidy's net worth has grown significantly over time. His net worth was estimated to be $150 million in 2000, and it has since increased to $490 million as of 2023.

Question 5: What is Larry Bossidy's financial outlook?

Answer: Larry Bossidy's financial outlook is positive. He is a successful businessman with a diverse investment portfolio. He is likely to continue to grow his net worth in the years to come.

These are just a few of the most frequently asked questions about Larry Bossidy's net worth. For more information, please consult a financial advisor.

Transition to the next article section: Larry Bossidy's Legacy

Conclusion

Larry Bossidy's net worth is estimated to be around $490 million as of 2023. He has built his wealth through a combination of salary, bonuses, stock options, investments, real estate, and art collection. Bossidy's success in business and investing has made him one of the wealthiest people in the world.

Bossidy's journey to wealth is a testament to his hard work, dedication, and financial acumen. He is a role model for aspiring entrepreneurs and investors. His story shows that it is possible to achieve great financial success through hard work and smart investing.