Key Points
- John May, CEO of Deere & Company, has a net worth of $99.8 million as of September 2024.
- Deere & Company has flourished under May’s leadership, achieving a market value exceeding $100 billion and generating $61 billion in revenue in 2023.
- May’s compensation package in 2023 amounted to $26,285,804.
- May holds $43.96 million worth of Deere & Company stock, contributing significantly to his net worth.
- Deere & Company’s innovation and sustainability initiatives have benefited from May’s influence.
- May’s net worth fluctuates with the stock market.
- May’s strategic vision and leadership have positioned Deere & Company as an industry leader.
John May’s Multi-Million Dollar Salary
John May, CEO of Deere & Company, received a total compensation of $20 million in 2021, a 28% increase from the previous year. May’s compensation included $8.1 million in non-equity incentive plan, representing 40% of his total earnings. The ratio of May’s compensation to the median employee pay at Deere & Company was 220 to one.
How Much is the Owner of John Deere Worth?
John May, the owner of John Deere, has a net worth of $71.1 million as of June 2023. May’s wealth primarily stems from his ownership of over 52,967 units of Deere & Company stock, valued at approximately $61.2 million. Deere & Company’s strong performance under May’s leadership has significantly contributed to his net worth growth.
How Long Has John May Been CEO?
John May has been the CEO of Deere & Company since August 29, 2019. As CEO, May has overseen significant advancements, including doubling the company’s market capitalization and reaching $61 billion in revenues in 2023. May’s background as Chief Information Officer and head of agricultural solutions has positioned him to lead Deere’s technological transformation.