Bill McDermott Net Worth

$55 million

Bill McDermott Net Worth: Born on 1961, August 18, in New York, William R. McDermott is a businessman and ServiceNow CEO. Previously William was the CEO of SAP SE, a German multinational software company popular for its ERP software. While working for SAP SE, the market value of the company increased by $117 billion.

How Bill McDermott made his Net Worth

Bill McDermott has been a CEO of various big companies, mainly the SAP SE, where he was the best-paid official. Also, Bill is a businessman.

Early Life

He was born and raised by his parents Bill and Kathleen McDermott, in Amityville, Long Island. He has three siblings and Bobby McDermott, a Naismith Memorial Basketball Hall of Fame player is his grandfather. When McDermott was sixteen years old, he purchased the Amityville Country Delicatessen in his home area at $7000.

Career

Bill started working at Xerox, where he stayed for 17 years, and in 2000 he was appointed president of the Gartner. In 2001 and 2002, he worked at Siebel Systems as the Executive Vice President of global sales and operations.

SAP appointed Bill as the Chief Executive Officer of SAP America, and in 2008 he was designated to the company’s executive board. In 2010 February, Bill was appointed co-CEO of SAP AG, and in 2014 he became the first American Chief Executive Officer of SAP, currently knowns as SAP SE.

Bill left SAP in October 2019 and was appointed CEO of ServiceNow at the end of 2019.

Personal Life

Bill McDermott is married to Julie, and they have two sons. He suffered a fall in 2015 and lost one eye, but he went back to SAP in October 2015.

Bill’s wife was diagnosed with breast cancer and survived the disease after a remission. But Bill’s mom succumbed to pancreatic cancer, and therefore he founded Kathleen McDermott Foundation to assist in researching new medicine for the disease.

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Common Asked Questions about Bill McDermott

Is Bill McDermott Married?

Bill is a married man, and together with his wife, they have been blessed with two sons.

Why Bill McDermott left SAP?

Bill says several factors fueled his departure, and these included the upcoming expiration of his contract and the years he has spent being a CEO in the company.

Conclusion

Bill McDermott is a classic example of people who have grown from rags to riches. Growing up in extreme poverty, he points out that his father lived hand to mouth even after taking advantage of every overtime shift available.

Bill’s childhood years were rough. But even in that situation, he took care of his college needs, and today the German Stock Market recognizes him as the top-paid CEO. His net worth is majorly from his CEO Job, although he is also a businessman.