Greg Becker Net Worth: How Rich is Silicon Valley Bank’s CEO?

Greg Becker is an American business executive best known for serving as the CEO of Silicon Valley Bank. He joined the company as a loan officer three decades ago, in 1993. As of 2023, Greg Becker net worth is estimated to be around $35 million.

Who is Greg Becker?

Greg Becker is the Chief Executive Officer of the SVB Financial Group and Silicon Valley Bank. He worked in a variety of leadership positions before being appointed CEO in 2011. Previously, he founded SVB Capital which manages some of the world’s top-rated venture and direct investment funds.

Greg Beck was born in the year 1971 in the United States. Not much is unveiled about his parents, upbringing, and early life. Regarding his education, he studied at Indiana University-Kelley School of Business and received a B. S. degree in Business.

Greg Becker Net Worth & Career

Greg Becker joined SVB Financial group in 1993 as a banker. He became the COO and Chief Banking Officer of Silicon Valley Bank in May 1993. Becker worked as the COO for over a decade until December 2007.

In March 2008, he became the President of Silicon Valley Bank and the SVB Financial Group. He worked as President for over three years until April 2011. Then, he worked as a President and CEO of the SVB and Silicon Valley Bank in April 2011.

Under his leadership, the Silicon Valley Bank has gained tremendous growth that even continued to outpace other banks. SVB has also been named one of the fastest-growing public companies in the United States. The bank also became an advocate for their investors, entrepreneurs, and corporate in the innovation section in the international market.

In 2017, World Magazine named him a top influencer in global finance. Moreover, the Institutional Investor Magazine named him the #1 bank CEO for midcap banks. In his initial days at the company, he ran Venture Capital Group.

Becker was responsible for building relationships and making investments in venture capital and private equity firms across the United States. He also co-founded and served as a managing director of SVB Capital. During his tenure at SVB Capital, he manages the world’s top-rated venture fund-of-funds and also managed co-investment funds.

Greg has also been a member of TechNet’s Executive Council and Southern California Innovation’s Executive Advisory Board of the Alliance. Likewise, he served as the Silicon Valley Leadership Group (SVLG) chairman for three years from 2014 to 2017.

Becker cashed out $2 million and sold $3.57 million of stock of SVB just two weeks before its dramatic collapse on Friday, March 10. As per the reports, he sold 12,451 shares at an average price of $287.42 on February 27. In a premarket Friday before the FDIC seized the bank’s assets, the price of the SVB stock plunged to just $39.49.

According to the Securities and Exchange Commission filings, he bought the same number of shares, he sold before using stock options priced at $105.18 each. He reportedly made the transactions through a trust he controls and using a trading plan he set up on January 26.

Greg sent a video message to employees on Friday acknowledging the challenging 48 hours leading up to the bank’s collapse. Just 24 before the company collapsed, Greg had personally called clients to assure them that their money with the bank was safe. The SVB’s operations abruptly came to a halt on Friday, March 10 as California banking regulators moved quickly to shut it down.

Greg Becker’s Wife & Personal Life

Greg Becker has not revealed any details about his personal life. He seems to be a married man. However, he has not shared any information about his wife and kids. Though, the sources revealed that he has five grown children and loves to cycle in his free time. Becker is neither available on social media platforms.

Becker has not responded to questions about his share sale before the SVB’s sudden collapse in early March 2023. He used a revocable trust to sell his shares, but it doesn’t seem illegal. The Silicon Valley Bank was trying to raise more than $2 billion in capital just a week back when it failed in its plan and suffered huge losses.

Greg Becker Net Worth

Greg Becker has earned an estimated net worth of $35 million as of 2023. he has been mentioned as a champion of the innovation economy by the Silicon Valley Bank’s website. Likewise, Becker was included in Worth Magazine’s Power 100 list of the most influential people in global finance in 2015 and 2016.