American business leader Greg Becker is well known for heading Silicon Valley Bank. In 1993, he started working for the company as a loan officer. Greg Becker’s net worth is projected to be around $35 million as of 2023.
Who is Greg Becker?
|Full Name||Gregory W Becker|
|Date of Birth||1971|
|Age||52 years old|
|Born Place||United States|
|Net Worth||$35 million|
The chief executive of Silicon Valley Bank and the SVB Financial Group is Greg Becker. Before being named CEO in 2011, he held a number of executive positions. Prior to that, he established SVB Capital, which oversees some of the best venture and direct investment funds in the world.
Greg Beck was born in the United States in 1971. About his parents, childhood, and early life, not much is known. He completed his studies at Indiana University’s Kelley School of Business, where he earned a B.S. in business.
Greg Becker Net Worth & Career
As a banker, Greg Becker joined SVB Financial Group in 1993. In May 1993, he was appointed Silicon Valley Bank’s COO and Chief Banking Officer. Prior to December 2007, Becker served as the COO for more than ten years.
He was appointed president of Silicon Valley Bank and the SVB Financial Group in March 2008. Up until April 2011, he served as president for more than three years. In April 2011, he began serving as president and CEO of Silicon Valley Bank and SVB.
The Silicon Valley Bank has experienced phenomenal growth under his direction and continues to surpass other banks. One of the American public corporations with the fastest growth rates is SVB. The bank also started to speak out in favor of its clients’ investors, business owners, and corporations on the global market for innovation.
He was recognized as a top global finance influencer by World Magazine in 2017. He was also voted the top bank CEO for midcap banks by Institutional Investor Magazine. He oversaw the Venture Capital Group throughout his early years at the organization.
In venture capital and private equity businesses all around the United States, Becker was in charge of cultivating relationships and making investments. Also, he was a managing director of SVB Capital, which he co-founded. He oversaw co-investment funds in addition to managing the top venture fund-of-funds in the world during his time at SVB Capital.
Greg has also served on TechNet’s Executive Council and the Alliance’s Executive Advisory Board for Southern California Innovation. In addition, from 2014 to 2017, he presided over the Silicon Valley Leadership Group (SVLG) for three years.
Only two weeks before SVB’s spectacular collapse on Friday, March 10, Becker cashed out $2 million and sold $3.57 million of its stock. According to the reports, he sold 12,451 shares on February 27 for an average price of $287.42. Before the FDIC seized the bank’s assets on Friday, the price of the SVB stock fell to barely $39.49 in premarket trading.
He purchased the same amount of shares that he sold prior to utilizing stock options priced at $105.18 per share, according to filings with the Securities and Exchange Commission. According to reports, he carried out the trades using a trading strategy he established on January 26 and a trust that he manages.
Greg acknowledged the difficult 48 hours leading up to the bank’s collapse in a video statement he issued to workers on Friday. Greg personally called customers just 24 hours before the business failed to ensure them that their money was secure in the bank. On Friday, March 10, the SVB’s operations abruptly came to an end as California banking officials acted rapidly to close it down.
Greg Becker Wife & Personal Life
About his private life, Greg Becker has remained mum. He appears to be married. He hasn’t disclosed any information about his wife or children, though. Although, according to the sources, he has five adult children and enjoys cycling in his spare time. Becker is not accessible on any social media sites.
Regarding his share sale prior to the SVB’s abrupt collapse in early March 2023, Becker has not responded to inquiries. He used a revocable trust to sell his shares, but it doesn’t seem illegal. Just a week prior, the Silicon Valley Bank was attempting to raise $2 billion in capital when it failed in its plan and suffered significant losses.
Greg Becker Net Worth
As of 2023, Greg Becker’s estimated net worth was $35 million. On the Silicon Valley Bank website, he is identified as an advocate of the innovation economy. The Power 100 list of Worth Magazine’s most important figures in world finance also included Becker in 2015 and 2016.
Greg Becker social media
On March 10th, 2023, Greg had over 4,000 followers on LinkedIn, but he wasn’t using any social media sites at the time.
- In 2010, Greg, a competitive cyclist, rode 100 miles (160 km) in California and raised $500,000 for Best Buddies International, an American non-profit organization.
- Per SEC records, the mailing address of Greg is located at Tasman Drive in Santa Clara County, Sunnyvale, California, United States of America with the zip code 94089.
- In 2015 and 2016, Greg was acknowledged as one of the “Most Influential People in Global Finance” on Worth Magazine’s Power 100 list.
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