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What is Mike Jeffries’s net worth and Salary?Mike Jeffries is an American businessman who has a net worth of $300 million. Mike Jeffries is best known for serving as CEO of Abercrombie & Fitch from 1992 through 2014, a period that marked the brand’s rise from bankruptcy to one of the most valuable retailers on the planet, followed by another fall from grace.? Compare Mike Jeffries’ Net WorthEarly Life and EducationMike Jeffries was born in Oklahoma on July 15, 1944. He raised in Los Angeles where his father owned a chain of retail stores called Party Time. After graduating from Claremont McKenna College with a degree in Economics in 1966 he then went on to attend Columbia Business School, earning an MBA in 1968. Mike also spent some time studying at the London School of Economics.After completing his degrees, he worked for various retailers. He spent time in the management training program at Abraham & Strauss, a New York City department store. In 1984 Mike  launched his own company, Alcott & Andrews. The company went bankrupt five years later. Next, Mike went to work for a Midwest-based clothing brand called Paul Harris.Abercrombie & FitchIn 1988, the century-old Abercrombie & Fitch was purchased out of bankruptcy by Leslie Wexner’s Limited Brands. Soon after the acquisition, Wexner brought Jeffries on board. He was named CEO in 1992.Due to the brand’s low prospects and recent bankruptcy, management was not particularly interested in running the company themselves, and gave Mike Jeffries almost total control.Over the next decade Mike completely retooled the brand. Thanks to its refreshed and sexier brand image, Abercrombie became immensely popular among teenagers around the world. One of Abercrombie’s primary strategies was to exclusively hire attractive employees.According to Jeffries at the time:”We hire good looking people in our stores because good looking people attract other good looking people and we want to market to cool, good looking people. We don’t market to anyone other than that.” – Mike JeffriesAt the peak of the brand’s success in the late 1990s/early 2000s, Abercrombie was known for employing shirtless men and scantily-clad women as store greeters. Its stores were also known for blaring music and constantly spritzing cologne and perfume in the air. Unfortunately, over time Abercrombie lost its cool. Sales slumped to extreme lows after the 2008 financial crisis.In December 2013, Mike was named the “worst CEO of 2013” by analyst Herb Greenberg after Abercrombie’s stock fell 40% in the previous 12 months. Jim Cramer from CNBC also put Jeffries on his “Wall of Shame.”Mike Jeffries stepped down as CEO on December 9, 2014 after 11 straight quarters of poor performance.CompensationAt his peak Mike owned 3% of Abercrombie’s the company’s shares. If he still owns that 3% stake today, at the company’s current $2 billion market cap, his shares are worth around $60 million. At the peak of the company’s stock price in late 2007, his 3% stake was worth around $100 million.Outside of equity, Mike received hundreds of millions of dollars in salary and bonus compensation. Mike earned $30 million per year or more between 2004 and 2007. In 2008 he was paid $72 million. In 2009, $36.3 million. In 2010 $38.5 million. In 2011 $48.1 million. In 2012 he earned $8.16 million. In 2013 he earned $2.24 million.Total it all up and in the decade between 2004 and 2014, Mike received around $400 million in salary and bonus compensation.Private Jet and Other ControversiesOne of the more infamous and interesting anecdotes related to Mike Jeffries came to light thanks to a lawsuit filed by a private jet pilot in 2012. In his lawsuit, the former pilot claimed he was fired for being too old. While that might be controversial on its own, some details about life aboard the Abercrombie jet would soon overshadow the entire court case.According to filings made by the pilot in this lawsuit, the Abercrombie jet had a strict set of rules, some of which were fairly bizarre. Furthermore, the flight attendants were actually supplied by a male modeling firm. And below is a list of some of the Abercrombie jet rules that had to be strictly followed by these male model flight attendants: Flight attendants had to wear Abercrombie jeans, flip-flops, boxer briefs, and polo shirts. Flight attendants had to respond to all passenger requests with the phrase “No problem”, as opposed to “Sure” or “Just a minute”. Attendants had to frequently “spritz” themselves and the plane with Abercrombie cologne. Coats could only be worn on the plane when the temperature was 50 degrees or lower and all polo shirt collars must be flipped. When serving meals attendants had to wear black gloves for silverware and white gloves for plates of food. The Phil Collins song “Take Me Home” had to be played on the plane’s sound system whenever taking off for return trips. Attendants had yo constantly ensure that there were no fingerprints anywhere. All coats needed to be zipped to the fourth button from the bottom. The lowest button had to be left undone. All hats had to have a two inch thick brim which should sit in the middle of the forehead. “Houseboys” and flight attendants who broke the rules reportedly were punished with shirtless push ups.It was also alleged that Mike’s house staff was provided by the same male modeling firm and was forced to follow a similar set of rules.The pilot lawsuit was settled out of court for an undisclosed amount.Personal LifeIn 1971 Mike married Susan Marie Isabel Hansen. They had one child together.In September 2013 he reportedly married a woman named Annabel Vartanian, though this is unconfirmed. Around the same time as this purported marriage, Mike was reportedly living with a male partner named Matthew Smith. Today Mike and Matthew run the Jeffries Family Office together.

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What was George H.W. Bush’s Net Worth?George H.W. Bush was an American politician and former American President who had a net worth of $25 million at the time of his death in 2018. Many of the Bush children are also involved in politics, most notably his eldest son George W. Bush who also served as President of the United States. His son Jeb Bush served as the Governor of Florida.? Compare George H.W. Bush’s Net WorthEarly LifeGeorge Herbert Walker Bush was born on June 12, 1924 in Milton, Massachusetts. He grew up in Greenwich, Connecticut. His father was a very successful investment banker. Due to his family’s wealth, they were largely unaffected by the Great Depression. Bush attended Greenwich Country Day School and Phillips Academy in Massachusetts, serving as president of the senior class and graduating in 1942. Bush enlisted in the Navy as a naval aviator and served in the Pacific during World War II immediately following his graduation. During an attack on Chicijima, Bush’s aircraft was downed by enemy fire and both of his fellow crew members died. Several aviators shot down during the attack were captured and executed and cannibalized by their captors, but Bush was successfully rescued by the USS Finback. Bush was released from active duty in September 1945 and he subsequently graduated from Yale with honors in 1948.Early Career and Entry to PoliticsAfter college, Bush moved his young family to West Texas where he launched a successful career in the oil business. He became a millionaire by age 40 and went on to get involved in politics. By the early ’60s, he was widely regarded as an appealing political candidate in the Republican Party. An unsuccessful 1965 run for Senate gave way to him winning a seat in the US House of Representatives in Texas’s 7th congressional district. He was then appointed by Nixon as Chair of the Republican National Committee in 1972. It was during his tenure at the RNC that the Watergate scandal emerged into public view. In January 1976, Bush became the Director of Central Intelligence and was in charge of the CIA, whose reputation had been damaged for its role in various covert operations during Watergate.Bush ran for president in 1980 but was defeated in the primaries by Ronald Reagan. He was then selected as Reagan’s running mate and was elected Vice President in 1980 and 1984.PresidencyIn 1988, Bush ran a successful presidential campaign, beating out Democrat Michael Dukakis, to succeed Reagan as the 41st President of the United States. He was the first incumbent vice president to be elected president since Martin Van Buren in 1836. Bush was the last veteran of World War II to serve as President. Foreign policy drove his presidency as he navigated the final years of the Cold War and the reunification of Germany. During his time in office, military operations were conducted in Panama and the Persian Gulf, The Berlin Wall also fell, in 1989, and the Soviet Union dissolved two years later. He also negotiated and signed NAFTA (North American Free Trade Agreement). Bush reneged on a 1988 campaign promise by signing a bill that increased taxes but helped to reduce the federal budget deficit. During his presidency, Bush drove attention to voluntary service as a means to solve America’s most serious social problems. He also signed the Americans with Disabilities Act of 1990 and appointed two Supreme Court judges, David Souter and Clarence Thomas. His speeches were famous for using the phrase “a thousand points of light” to describe the power of citizens to solve community problems. Following an economic recession and decreased emphasis on foreign policy in a post-Cold War political climate, Bush lost the 1992 presidential election to Democrat Bill Clinton. He left the office of President with a job approval rating of 56 percent, an above-average ranking.Post PresidencyAfter he left office, Bush and his wife Barbara built a retirement home in Houston. He frequently spent time at his vacation home in Kennebunkport and took annual cruises in Greece. He declined to serve on any corporate boards but delivered many speeches and served as an advisor to private equity firm The Carlyle Group. Bush never published a memoir but co-wrote a book with Brent Scowcroft on a 1999 work on foreign policy, “A World Transformed.” He supported his sons George W. and Jeb in their successful runs for Governor of Texas and Governor of Florida, respectively. He also supported his George W. in his 2000 presidential election but did not actively campaign or give a speech at the 2000 Republican National Convention. George W. was elected president in 2000 and as reelected in 2004, and Bush and his son thus became the second father-son pair to each serve as President following John Adams and John Quincy Adams.In his retirement, Bush would often work with his former rival turned friend President Clinton on humanitarian efforts. They appeared together in various ads encouraging aid for victims of Hurricane Katrina and the 2004 Indian Ocean earthquake and tsunami. Bush supported John McCain in the 2008 presidential election and Mitt Romney in 2012, but both were defeated by Barack Obama. In 2011, Obama awarded Bush with the Presidential Medal of Freedom. Neither George H.W. nor George W. Bush endorsed the 2016 republican nominee Donald Trump and Bush later said he voted for the Democratic nominee, Hillary Clinton.Personal LifeGeorge H. W. Bush married Barbara Pierce Bush in 1945. They would eventually have six children. His three year old daughter Robin tragically died from leukemia in 1953. On April 17, 2018, Former First Lady Barbara Bush died at the age of 92 at her home in Houston, Texas. George H. W. Bush died just seven months later, on November 30, 2018. He had suffered from Grave’s disease and a form of Parkinson’s disease and had been confined to a wheelchair for some of his final years.HonorsBush was named Time magazine’s Man of the Year in 1990. In 1997, the Houston airport was renamed the George Bush Intercontinental Airport. In 1999, the CIA headquarters was named the George Bush Center for Intelligence in his honor. An avid golfer, Bush was inducted into the World Golf Hall of Fame in 2011. Bush was commemorated on a postage stamp by the USPS in 2019. The George H.W. Bush Presidential Library and Museum was completed in 1997 on a 90 acre site on the west campus of Texas A&M University in College Station, Texas. Texas A&M is also home to the Bush School of Government and Public Service, a graduate public policy school.