All About Dave Calhoun: Net Worth, Education, Wife, Family & More

Dave Calhoun is one of the most successful and wealthiest CEOs in the world. He was the President and Chief Executive Officer (CEO) of Boeing. He held top positions in Boeng from January 2020 to August 7, 2024. However, his timeline will end by the end of 2024. Kelly Ortberg will succeed him. 

Joined as the Director of Boeing in 2008, Dave was announced to succeed Dennis Muilenburg as the CEO in 2018. Dennis was fired amid safety concerns with Boeing 737 MAX after two crashes that claimed 346 lives and crew onboard. 

Despite stepping down from Boeing’s top positions, you will be amazed to know Dave Calhoun’s net worth. So, let’s take a look into his personal and professional life, including his family details, salary, net worth, and more. 

Quick Facts About Dave Calhoun

Dave Calhoun Education and Early Life

Save Calhoun is a native of Pennsylvania and was born on April 18, 1957. He studied at Parkland High School in South Whitehall Township in the city. He has had a passion for games since childhood and was one of the captains of the varsity basketball team in high school. He also loves to play golf. After high school, he enrolled at Virginia Tech University to complete a degree in accounting. 

Dave Calhoun’s Net Worth in 2024

Dave Calhoun’s net worth is estimated to be around $58 million as of 2024. The primary source of this wealth remains his salary from Boeing. He received a $7 million performance-based bonus in 2023. Additionally, he got $5.29 million worth of restricted stock units. With this, he ranks among the highest paid CEOs in the world. 

Meanwhile, he holds a significant number of shares of different companies. He owns around 130,994 shares of Boeing worth $22 million, 44,579 shares of Caterpillar Inc. worth $16 million, and 506,921 shares of Nielsen Holdings PLC worth $14 million. 

Dave Calhoun’s Career Timeline and Journey 

After graduating with a degree in accounting, Dave Calhoun joined General Electric (GE) and started working in Lehigh Valley in Pennsylvania. He worked for the company for over 26 years, overseeing several departments, such as aircraft engines, transportation, reinsurance, lightning, and other GE units. In 2005, he was appointed the vice chairman and was included in the GE’s Board of Directors. 

However, Calhoun left GE in 2006 to join VNU as CEO. Under his leadership, the company underwent transformative changes that also included its rebranding to Nielson Holdings. The company went public in 2011 and was included in the S&P 500 index in 2013. 

In 2014, he was appointed as the executive chairman of Nielsen and also joined The Blackstone Group. He served as the senior Managing Director and member of the management committee. 

In 2009, Calhoun was appointed the Director of Boeing and was promoted to lead independent director in 2018. He was appointed the non-executive chairman of Boeing in 2019. After that, he held the role of CEO of Boeing from 2024 to 2024. 

Current Positions of Dave Calhoun

Dave Calhoun’s Wife and Kids

Dave Calhoun is happily married to his wife, Barbara. They have been together for many years and share a strong bond. The couple has five children: Corey, Devon, Jessica, and Amy. Their children have grown up and pursued their own paths.

Dave and Barbara currently live in a beautiful condo located on the 16th floor of the Palmolive building in the Gold Coast area of Chicago. This luxurious condominium offers them a comfortable and stylish living space with stunning city views.

Despite his busy career, Dave always makes time for his family. He values the moments spent with his wife and kids and cherishes the love and support they provide. 

Surprising Facts about Dave Calhoun

• Dave Calhoun was born on April 18, 1957, in Allentown, Pennsylvania. He grew up in the same area and attended Parkland High School.
•  In high school, Dave was not just a student but also an athlete. He was one of the varsity basketball team’s captains and played golf.
• He graduated from Virginia Tech in 1979 with a degree in accounting. This educational background laid the foundation for his future business career.
• Dave worked at General Electric (GE) for 26 years. During his time there, he oversaw various units, including transportation, aircraft engines, and lighting.
• After leaving GE, Dave became the CEO of Nielsen Holdings. Under his leadership, the company rebranded itself and returned to the public markets. 
• In addition to his role at Nielsen, Dave also joined The Blackstone Group as a Senior Managing Director and head of Private Equity Portfolio Operations.
• Dave became the CEO of Boeing in January 2020, during a challenging time for the company. He was appointed after his predecessor was fired due to safety concerns with the Boeing 737 MAX.
• As CEO of Boeing, Dave had to navigate the company through the aftermath of the 737 MAX crashes and the COVID-19 pandemic.
• Dave has been open about Boeing’s mistakes, especially regarding the 737 MAX. He acknowledged that expecting pilots to correct software problems immediately was a “fatal mistake.”
• In March 2024, Boeing announced that Dave would step down as CEO by the end of the year¹².

FAQs

Where Does Dave Calhoun Live?

Dave Calhoun, the CEO of Boeing, has multiple residences. He owns a condo in the Palmolive building in Chicago’s Gold Coast neighborhood. Additionally, he spends time at his waterfront mansion on New Hampshire’s Lake Sunapee and a gated resort community in South Carolina.

How Much Does the CEO of Boeing Make?

In 2023, Dave Calhoun, the CEO of Boeing, earned a total compensation of approximately $32.8 million. This included a base salary of $1.4 million, nearly $30.2 million in stock awards, and around $1.1 million in other compensation.

Who is the Next CEO of Boeing?

Kelly Ortberg has been named the next CEO of Boeing, effective August 8, 2024. Ortberg brings over 35 years of aerospace experience and has previously held leadership positions at Rockwell Collins and RTX.

How did Dave Calhoun Become CEO of Boeing?

Dave Calhoun became the CEO of Boeing in January 2020 after the previous CEO, Dennis Muilenburg, was fired amid safety concerns related to the Boeing 737 MAX crashes. Calhoun, who was previously Boeing’s chairman, was appointed to steer the company through this crisis.

How Much is Dave Calhoun Paid?

Dave Calhoun’s total compensation for 2023 was $32.8 million. This included a base salary of $1.4 million, nearly $30.2 million in stock awards, and around $1.1 million in other compensation.

Where is David Calhoun From?

David Calhoun was born in Philadelphia, Pennsylvania, and grew up in Allentown, Pennsylvania.

Who was the CEO of Boeing Before Dave Calhoun?

Dennis Muilenburg was the CEO of Boeing before Dave Calhoun. Muilenburg was fired in December 2019 due to the fallout from the Boeing 737 MAX crash.

Who Originally Owned Boeing?

Boeing was originally founded by William E. Boeing in Seattle, Washington, on July 15, 1916. He was a wealthy lumber entrepreneur who became fascinated with airplanes.

Who is David Calhoun’s Wife?

David Calhoun is married to Barbara Calhoun. The couple has been married for many years and has five children together.