Laxman Narasimhan Net Worth, Age, Height, Career, Education, Biography, Family, Wife, Born, Wiki
Laxman Narasimhan, the former CEO of Starbucks, has a net worth of around $30 million. He is a successful Indian-American businessman who has gained a lot of recognition and wealth throughout his career. Currently, he is the CEO of Starbucks and has become very popular after assuming this role.
Prior to joining Starbucks, Narasimhan served as Chief Commercial Officer at PepsiCo and CEO of Reckitt. In 2022, he started as Starbucks’ interim CEO and, within a year, replaced Howard Schultz as full-time CEO.
Born in India, Narasimhan is popular worldwide and speaks six languages, which shows his exceptional skills. He lives happily with his wife and children.
Introduction About Laxman Narasimhan
| Attribute | Details |
|---|---|
| Real Name | Laxman Narasimhan |
| Date of Birth | 15 May 1967 |
| Age | 57 years old |
| Birth Place | Pune, Maharashtra, India |
| Height | 5′ 11″ / 1.80 m |
| Weight | 70 Kg / 154 pounds |
| Eye Color | Brown |
| Hair Color | Black |
| Parents Name | Bhama Narasimhan |
| Siblings | N/A |
| Education | University of Pennsylvania |
| Religion | Hindu |
| Nationality | Indian American |
| Zodiac Sign | Taurus |
| Gender | Male |
| Sexual Orientation | Straight |
| Marital Status | Married |
| Wife/Spouse Name | Vidhya Narasimhan |
| Kids/Children Name | Yes (2) |
| Profession | Businessman |
| Net Worth | $30 million |
| Last Updated | 2024 |
Education of Laxman Narasimha
Narasimhan holds a Bachelor’s degree in Mechanical Engineering from College of Engineering, Pune. He also holds a Masters in German and International Studies from the Lauder Institute of the University of Pennsylvania and an MBA in Finance from the Wharton School of the University of Pennsylvania.
Life of Laxman Narasimha
Narasimhan was born in 1967 and grew up in Pune. He faced a difficult time in his childhood. In an interview with The Sunday Times, he mentioned losing his siblings at a young age and struggling in his father’s business. Through hard work, he secured scholarships and jobs, which enabled him to study abroad.
Laxman Narasimhan Awards and Recognitions
Currently, there are no specific awards listed for Laxman Narasimhan. However, his influential roles at major global companies such as PepsiCo, Reckitt Benckiser and Starbucks highlight his strong leadership skills and success in driving growth.
Starbucks CEO Laxman Narasimhan is stepping down immediately after just a year in the role. He will be replaced by Chipotle CEO Brian Niccol. https://t.co/gn25DOmYjl
— CNN Breaking News (@cnnbrk) August 13, 2024
Laxman Narasimhan Age
Laxman Narasimhan is 56 years old in 2023.
Laxman Narasimhan Salary
The exact salary of Laxman Narasimhan is not known, but it is quite high as a CEO of a large international company.
Laxman Narasimhan Family: Wife and Children
Laxman Narasimhan is married and has two children. Despite his busy career, he balances work and family life well. He follows a strict routine and enjoys family dinners. The Narasimhan family lives in Greenwich, Connecticut, a peaceful place perfect for a quiet life away from the corporate world.
Laxman Narasimhan Net Worth
As of 2024, Laxman Narasimhan, CEO of Starbucks, has a net worth of around $30 million. This wealth mainly comes from its PepsiCo stock. He is a well-known businessman who has achieved great success by building a substantial financial empire over the years.
| Net Worth in 2024 | $30 Million |
| Net Worth in 2023 | $27 Million |
| Net Worth in 2022 | $24 Million |
| Net Worth in 2021 | $21 Million |
| Net Worth in 2020 | $19 Million |
| Net Worth in 2019 | $17 Million |
BREAKING:
— Globe Eye News (@GlobeEyeNews) August 13, 2024
Starbucks fired CEO Laxman Narasimhan due to declines in revenue. pic.twitter.com/vqBGauQRwP
Laxman Narasimhan’s House and Car Collection
Home: Originally from India, Laxman Narasimhan now lives in Greenwich, Connecticut. He has a beautiful house there.
Cars: Narasimhan owns several luxury cars including Mercedes Benz, Cadillac and Ford.
Career Highlights
Narasimhan worked at McKinsey for 19 years, eventually becoming a director in their New Delhi office. In 2012, he moved to PepsiCo, where he became Chief Commercial Officer.
In September 2019, he became CEO of Reckitt Benckiser and tried to revamp the company. However, in September 2022, he resigned unexpectedly due to personal reasons.
Later that year, Starbucks took over as CEO from Howard Schultz. He also trained as a barista for six months to gain a better understanding of the company. The New York Times noted that he was more open to Starbucks unionization than his predecessors.
In August 2024, Starbucks announced that Narasimhan would be leaving the company effective immediately, and would be replaced by Chipotle CEO Brian Nicol.
Criticisms and Disputes
Narasimhan’s time at Reckitt Benckiser was controversial due to a scandal involving a harmful ingredient in a product that caused the death of pregnant women in South Korea. He met with the survivors and apologized personally.
He faced criticism for abruptly leaving Reckitt Benckiser while working on a major turnaround plan.
