Meet John Stankey: Biography, Net Worth, Age, Wiki, Wife and Birthday

Meet John Stankey: Biography, Net Worth, Age, Wiki, Wife and Birthday

Stankey is a prominent American entrepreneur who is most known for his roles as the current Chief Executive Officer of AT&T Inc. and as a member of the board of directors for the corporation.

john stankey

As of the year 2022, the net worth of John Stankey is around $25 million.

John Stankey Biography: Birthday, Age and Siblings

In the month of December in 1962, John T. Stankey was born in the city of Los Angeles, in the state of California. Unfortunately, the identities of his parents have not been made public; nonetheless, we are known that his father worked in the insurance industry as an underwriter and that his mother was a homemaker.

In the meanwhile, Stankey has two older siblings, and he is the youngest of the three. The identities of his elder siblings, including their names and genders, are unknown to the general public.

We are aware of the fact that he was brought up in a Jewish family on the Palos Verdes Peninsula, which is located south of Los Angeles. Although it is not specified which high school Stankey graduated from, it is known that he worked as a sales associate at an Oshman’s sports goods store while he was pursuing his education.

Stankey, who attained the rank of Eagle Scout, received his Bachelor of Business Administration in Finance from Loyola Marymount University in the 1980s. After that, in 1991, he got his Master of Business Administration from UCLA.

The Net Worth of John Stankey and His Career

Stankey made his debut in the telecommunications industry in 1985, when he joined the Pacific Bell Telephone Company in a job that was considered an entry-level role. 13 years later, the business was purchased by SBC Communications, which was owned by Ed Whitacre.

The successful entrepreneur worked his way up through the ranks of the company, finally reaching the position of Executive Vice President of Industry Markets in 1998. Three years later, he was promoted to the position of Executive President of Industry Markets.

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Stankey was given the role of President and Chief Executive Officer of SBC Southwest in the year 2001. Soon after that, in 2005, when the merger between SBC and AT&T Corporation was finally finalized, he was appointed chief information officer of the “new AT&T.”

After having served in a number of top executive roles inside the organization, Stankey was promoted to the post of chief strategy officer and group president of AT&T in January of 2012.

According to a story in The New York Times, Stankey made a total of $22.5 million from AT&T in 2019, followed by $21 million in the next year.

Business Dealings

Under Stankey’s direction, AT&T completed the sale of a third of its holdings in DirecTV to TPG Capital in February of 2021 for a total price of $16.25 billion. When the business acquired DirectTV in 2015, it did so for a total price of 67 billion dollars.

During this same time period, Stankey was also responsible for overseeing the sale of WarnerMedia to Discovery Inc. for around 102 billion dollars including stocks. AT&T completed its acquisition of WarnerMedia in 2018 for a price of $85 billion.

In the same year, WarnerMedia chose Stankey to serve as its new Chief Executive Officer. A little over half a year later, while he was still employed by Warner, he was promoted to the position of Chief Operating Officer at AT&T.

Notably, Stankey and other executives received some negative attention in 2021 after it was confirmed that they received significant stock awards in 2020 despite the COVID-19 pandemic, massive layoffs, poor service, continued subscriber losses, and middling stock returns. This attention was brought about by the revelation that they had received these awards in 2020.

Personal Life

To begin, Stankey does not currently maintain any accounts on any social networking platforms at this moment. Second, he is currently living a happy married life with Shari Stankey, although the date of their wedding is unknown to us.

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Nevertheless, it has been shown that they are the happy parents of three offspring. We are unable to provide any information at this time on their identities, including their names and/or genders.

We are given the impression that Mr. Stankey and his wife possess luxurious properties in both the Dallas area of Texas and Palm Desert in the state of California.

The wealth amassed by John Stankey

The sum of $25 million that makes up John Stankey’s net worth is the result of his decades-long tenure as the chief executive officer of several successful companies, the most notable of which being AT&T. Stankey has done fairly well for himself, pulling in around $20 million in annual revenue as of the late 2010s. This is in spite of the lackluster success of his firm when he was in charge of it.

According to a recent article in The Wall Street Journal, Stankey’s earnings during 2018 and 2019 were between $16.5 and $22.5 million.

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