After Elon Musk announced he would be stepping down as the CEO of Twitter in a matter of weeks, reports suggest Linda Yaccarino is in talks for the role and if it turns out to be true, her net worth will likely spike by millions in just a year.
The Twitter boss said on his platform that the unnamed CEO, who also happens to be a woman, will be taking over his position in about six weeks.
Meanwhile, the Tesla owner will move into a product and technical role. “My role will transition to being exec chair & CTO, overseeing product, software & sysops,” he tweeted.
As we know, the person who will accept the reputed position at Twitter will earn an impressive salary, just like the previous CEOs have. So, let’s see how the new role can add to Linda’s fortune, should she replace Elon Musk.
How Linda Yaccarino’s mysterious net worth will spike with the new role
Although Linda’s net worth isn’t publicly known, NCERT reports that she currently earns a salary of $4 million a year.
That is tiny in comparison to the total compensation Twitter’s former CEO, Parag Agarwal, earned, which was a staggering $30 million a year.
While he received an annual salary and bonus of over $1 million, he got an additional $29 million in stock compensation. Moreover, Twitter also paid for his security services, totaling $64,000.
So, it’s safe to assume that Linda’s salary and subsequently, her net worth, will go up if she is appointed Twitter’s new CEO.
Meet the rumored new Twitter CEO
Linda is currently serving as the Chairman of Global Advertising and Partnerships, looking over the strategic and operational bridge across the entirety of NBC Universal’s global networks, properties, and business units.
She heads a global team of 2000 members, who work toward connecting different brands with millions of television viewers.
Since she joined NBCU in 2011, her team has generated more than $100 billion in ad sales, which explains why Elon is considering her to replace him if the reports are true.
Linda has accomplished much more in the course of her career with NBCU and prior to that, she gained the experience of working with WarnerMedia’s TV operations.
As for her personal life, Linda is married to Claude Peter Madrazo and the couple shares two children together – Christian and Matthew.
She admires Elon Musk
Variety reports Linda has been working with Twitter for the past several months, helping the company rehabilitate its “reputation with advertisers”.
NBCU is said to have reached an agreement with Twitter that will make content related to the forthcoming Paris Olympics available on the platform.
She is believed to have fostered professional ties to Twitter’s vice president of global sales and marketing, Chris Riedy, and has been an admirer of Elon for a long time.
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