Brian Cornell is a well-known American businessman who has made a significant mark in the corporate world. He is currently serving as the CEO and Chairman of the retail giant, Target Corporation.
With his exceptional leadership skills and strategic vision, Cornell has driven the company toward success. Besides his professional accomplishments, there is much curiosity surrounding Brian Cornell Net Worth and his journey to achieving such financial stability.
Contents
Quick Facts
| Full Name: | Brian Cornell |
|---|---|
| Popular Name: | Brian Cornell |
| Gender: | Male |
| Birth Date: | 1960 |
| Age: | 63 |
| Parents: | Not available |
| Siblings: | Not available |
| Birth Place: | Los Angeles, California, United States |
| Nationality: | American |
| Ethnicity: | Not available |
| Education: | University of California, Los Angeles |
| Marital Status: | Married |
| Sexual Orientation: | Straight |
| Wife/Spouse: | Not available |
| Children: | Not available |
| Dating: | Not available |
| Net Worth: | $80 million |
| Source of Wealth: | Entrepreneurship, Corporate Career |
| Height: | 6 feet 2 inches |
| Weight: | Not available |
What is Brian Cornell Net Worth and Salary in 2023?
As of 2023, Brian Cornell’s estimated net worth is approximately $80 million. He has accumulated his wealth through his successful career as the chairman and CEO of Target Corporation. In 2020, Cornell received a total compensation valued at about $19,755,188, with the majority coming from a bonus and stock awards.
His base salary as an Executive Officer of Target Corp is $1,400,000. With his extensive experience and leadership skills, Cornell has played a significant role in driving Target’s growth and success in the retail industry.
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Why is Brian Cornell Famous?
Brian Cornell gained fame and recognition primarily through his remarkable achievements in the retail industry. As the CEO and Chairman of Target Corporation, he has led the company through various successful initiatives and strategic transformations. Under Cornell’s guidance, Target has witnessed significant growth and expansion.
His ability to understand consumer trends and adapt to the ever-changing retail landscape has placed him in a prominent position within the industry. Additionally, Cornell’s leadership skills and business acumen have earned him respect and admiration within the corporate world.
Biography Overview
Early Life
Brian Cornell was born in 1958 in Queens, New York City. Growing up in a fatherless household, Cornell was primarily raised by his maternal grandparents as his mother struggled with heart disease and relied on welfare. These early experiences shaped Cornell’s resilience and determination to succeed.
Education
Cornell graduated from the University of California, Los Angeles (UCLA) in 1981. He later attended the UCLA Anderson School of Management in 1991, further enhancing his business acumen and leadership skills.
Career and Awards
Brian Cornell, the dynamic leader at the helm of Target Corporation, has had an illustrious career in the retail industry. Cornell has been serving as the CEO and chairman of Target since August 2014, following the resignation of Gregg Steinhafel.
Prior to joining Target, he held escalating leadership positions at renowned retail and consumer-product companies for over 30 years. His work took him across continents, from North America to Asia, Europe, and Latin America, providing him with invaluable insights that he leverages at Target today.
Under his leadership, Target has grown into a leading omnichannel growth company in American retail, with nearly 2,000 stores covering all 50 American states, a headquarters location in India, and global supply chain and sourcing offices.
In 2022, Cornell earned total compensation of more than $17.6 million, according to SEC filings. He also owns about 440,887 units of Target Corp common stock, contributing to his estimated net worth of about $131.3M.
He has received several prestigious awards, including The Visionary award from the National Retail Federation for 2022, given each year to an outstanding retail industry leader.
The Network of Executive Women honored him with the William J. Grize Gender Diversity Award, and he also received the Yale Legend in Leadership Award. Most recently, Target received the Executive Leadership Council’s (ELC) 2022 Corporate Award for its longstanding commitment to diversity, equity, and inclusion.
In 2023, Target faced financial challenges, with a projected steep $500 million drop in profits, largely due to inventory shrinkage impacted by inflation and shoplifting. However, Cornell expressed optimism for the future, stating that he senses a new normal is on the horizon, and expects 2023 to be more like 2019 than the last three years.
n 2023, Target plans to invest $4 billion to $5 billion to expand its guest-centric services, operations network of stores and supply chain facilities, digital experiences, and other capabilities.
Personal Life
Brian Cornell is married to Martha Cornell, and they have a daughter and a son. Despite his busy schedule, Cornell emphasizes maintaining a healthy work-life balance. He has shared insights on how to give one’s best every day, including prioritizing self-care through nutritious meals and regular exercise.
Social Media Accounts
Although Brian Cornell is not known for having an active social media presence, his leadership and business achievements have attracted a significant following and admiration from professionals within the industry.
FAQs about Brian Cornell
What is Brian Cornell’s current position?
Brian Cornell is the chairman and CEO of Target Corporation.
What is Brian Cornell’s YouTube channel?
Brian Cornell does not have an official YouTube channel.
Does Brian Cornell have a Pinterest account?
Brian Cornell’s presence on Pinterest is not known.
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Conclusion
Brian Cornell’s remarkable journey from a business enthusiast to the CEO and Chairman of Target Corporation is a testament to his exceptional leadership skills and business acumen. As a well-respected figure within the industry, Cornell continues to make waves and contribute to the growth and success of one of the largest retail chains in the United States. For more information about Brian Cornell, visit Hereofamily.
