Chris Womack: The Wealthy CEO of Southern Company

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Key Takeaways

  • Chris Womack, CEO of Southern Company, boasts a net worth of $30.9 million.
  • His wealth stems from his substantial stock holdings in Essential Utilities Inc. and Southern Company, as well as his annual compensation of $23.52 million.
  • Womack’s leadership has contributed to the growth of Southern Company, likely leading to further wealth accumulation.

Chris Womack, the CEO of energy giant Southern Company, has accrued a significant fortune of $30.9 million. This wealth has been amassed through various sources, including stock holdings, compensation, and other investments.

Stock Holdings

Womack maintains a sizable investment in Essential Utilities Inc., owning over 4,028 units of stock worth approximately $3.3 million. Additionally, he holds 12,228 shares of Southern Company stock, valued at $873,201. These holdings indicate Womack’s confidence in the utility industry.

Compensation

As the CEO of Southern Company, Womack receives a generous compensation package of $23.52 million per year. This salary significantly contributes to his overall wealth.

Other Earnings

In addition to his salary and stock holdings, Womack has also generated wealth through stock sales. Over the past 16 years, he has sold over $17.6 million worth of WTRG stock.

Analysis

Womack’s wealth is a reflection of his success in the utility industry. His strategic stock investments and high compensation as an executive have played key roles in accruing his substantial fortune. As he assumes the CEO role, it is likely that Womack’s wealth will continue to grow.

Additional Factors

Other factors that contribute to Chris Womack’s wealth include:

  • His role as an Independent Director at Essential Utilities Inc., for which he receives an annual compensation of $90,007.
  • His educational background, which includes a bachelor’s degree in Political Science and a master’s degree from American University.

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