How rich is David L. Sokol?
David L. Sokol net worth:
People also search for
David L. Sokol net worth, biography & wiki:
David L Sokol Net Worth $200 Million Dollars
David Sokol Net Worth: Prior to his fall from grace, Sokol held the positions of Chairman, President and CEO at NetJets and Chairman at MidAmerican Energy Holdings Company. These being merely two of the several primary Berkshire Hathaway components where the company holds a 100% and 89.8% stake appropriately. A young man that was dedicated to getting his salary above his age at that time of his graduation in 1978, he started his career as a structural engineer at HDR, Inc. It was in the early 1990’s that he started to work for Buffet’s Berkshire Hathaway Inc. earning more and more recognitions with each accomplishment that he made. Most notably, David Sokol was the one that turned around Johns Manville, an insulated slumping company, at the same time as he did due diligence for Berkshire on BYD, a Chinese battery company in which Berkshire invested. Notably appreciated for his work at NetJets and MidAmerican Energy Holdings Company, Sokol is now receiving $1 million annually from the organization in retirement payments. Despite the fact that he was seen to be a leading candidate to take over from Mr. Buffett, Sokol had no other option but to resign from Berkshire Hathaway on March 28, 2011 following charges for breaking insider-trading rules.