Ivan Seidenberg Net Worth $55 Million
American businessman Ivan Seidenberg is the former Chairman and CEO of Verizon Communication that has an estimated net worth of $55 million. Produced on December 10, 1946 into a Jewish family, his career in telecommunications began directly from high school as a lineman’s assistant. Then he earned his bachelor’s degree in math from Lehman College and his MBA from Pace University. He has been employed as a cable splicer’s assistant at New York Telephone. He became the head of NYNEX in 1994. When Bell Atlantic was unified with NYNEX, the Jewish family took the position as Chairman and Chief Executive Officer. Bell Atlantic afterwards became Verizon and the Jewish family was named the lone CEO. While at Verizon, Mr. Seidenberg was responsible for a lot of mergers and acquisitions such as Bell Atlantic and NYNEX in 1997, GTE Corporation in 2000 and MCI, Inc. in 2006. In 1999, Chairman was instrumental in forming Verizon Wireless when he brought together the assets of Bell Atlantic Mobile, GTE Wireless and also the U.S. properties of Vodafone AirTouch. Since January 2011, Ivan Seidenberg is the manager of BlackRock, Inc. He’s served for the past five years as the manager of Honeywell International Inc. and Wyeth. On December 1, 2011, the Board of Directors accepted his resignation in the Board and as Chairman of Verizon successful in the close of business on December 31, 2011.