Tim Armstrong (AOL CEO)
CEOs

Tim Armstrong (AOL CEO) Net Worth

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in 2009. He has since grown the company's revenue from $2.2 billion to $2.7 billion. Armstrong has also earned a salary of $12 million per year since taking over at AOL. Tim Armstrong is an American businessman with a net worth of $450 million. He is the former President of Google America and current CEO and Chairman of AOL, Inc. Since taking over in 2009, Armstrong has increased the company's revenue from $2.2 billion to $2.7 billion and earns a salary of $12 million per year.
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Age, Biography and Wiki

Birth Day December 21, 1970
Birth Place United States
Age 53 YEARS OLD
Birth Sign Sagittarius
Net Worth: $450 Million
Gender: Male
Last Updated: 2019

💰 Net worth: $450 Million (2024)

in 2009. He is also a United Football League founder and the owner of the Boston Blazers LaCrosse team. Timothy M. Armstrong was born in December 1971. He graduated from Connecticut College in 1993 with a double major in Sociology and Economics. Tim's career started by cofounding and running a newspaper in Boston. He is a member of the board for the Interactive Advertising Bureau, the Advertising Research Foundation, and the Advertising Council. He is also a trustee at Lawrence Academy and Connecticut College. Armstrong was one of the founders of the United Football League and owns the Boston Blazers of the National Lacrosse League. He is the CEO and Chairman of AOL Inc. since 2009 and former President of Google's Americas operation. Armstrong also was one of the cofounders of Patch Media, a news website. In 2009 Armstrong took AOL public on the New York Stock Exchange. He has been involved in controversy, blaming President Obama and "distressed babies" for an over $7 million increase per year for AOL's healthcare costs. In 2013 Tim Armstrong was paid a salary of $1 million, but his total compensation was over $6 million.

Verizon Acquisition of AOL: Tim was instrumental in selling AOL to Verizon in 2015 for $4.4 billion. He remained at Verizon until 2019. Despite the fact that Verizon eventually wrote down 50% of the AOL acquisition value, Tim was paid $60 million when he left the company.

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.