[9][10], In January 2018, with Capital One's share price reaching a record high, Fairbank's net worth rose to about $1.1 billion. Fairbank is 70 years old as of 2020, he was born on September 18, 1950, as Richard Dana Fairbank, in California, United States. Name in home country: Christopher Jeffrey Richards Date of birth: Mar 28, 2000 Place of birth: Birmingham, Alabama Age: 22 Height: 1,88 m Citizenship: United We work to advance government policies that protect consumers and promote competition. In 1972, he graduated from Stanford University with a bachelors degree in economics. There were more than 500 floral arrangements, including orchids from Thailand and hydrangeas from Holland. Capital One Financial is part of the Banking industry, and located in Virginia, United States. What DC Condo Sales Say About the Housing Market, Tiffany Trumps Mar-a-Lago Wedding Featured Masked Dancers and an Eight-Tier Cake, 22 of the Best Songs to Play at Weddings According to Local DJs and Musicians, DC Health Is Deploying Narcan Vending Machines to Prevent Opioid Overdose Deaths, The Atlantis Shows Were Most Excited to See (Besides Foo Fighters! The Department of Justice filed the complaint and proposed stipulated order on the FTCs behalf in the U.S. District Court for the District of Columbia on September 2, 2021. He is one of only five founder-CEOs among Americas largest 100 companies. This net worth estimate does not reflect any other assets that Mr. Fairbank may own. He resides in the Washington D.C. area and is a part owner of the Washington Capitals professional ice hockey team. Richard D. Fairbank serves as Chairman of the Board, President, Chief Executive Officer of the Company. On multiple occasions, Wall Street banker failed to comply with federal antitrust laws when he illegally finalized stock acquisitions, Competition and Consumer Protection Guidance Documents, An Inquiry into Cloud Computing Business Practices: The Federal Trade Commission is seeking public comments, FTC Orders Illumina to Divest Cancer Detection Test Maker GRAIL to Protect Competition in Life-Saving Technology Market, Hearing Before Administrative Law Judge: In re Intuit Inc. - April 3-5, 2023. Christine has one sister, Michele. Fairbank isnt alone among big banking executives facing the recent ire of regulators. [citation needed] He later earned an MBA from the Stanford Graduate School of Business in 1981, where he graduated first in his class. Fairbank earns a salary of $7,699,764 in total compensation as of 2020. They are all adults by now including son, Carl Fairbank who in 2008 tied the knot to high-school sweetheart, Victoria Chapman. DC United soccer star Ben Olsen and his wife, Megan, a teacher, wanted a small wedding in warm weather, but they couldnt marry in the summer because of Bens game schedule. They are great at delegating., That doesnt mean they arent demanding. His qualifications as a director include his deep understanding of Capital One and his broad range of skills in the areas of strategy, technology, risk management, talent, brand and shareholder engagement. It has to be a labor of love, said Fairbank, MBA 81, and you have to define success on your own terms.. He listened then, and he listened in 1994.

Your email address will not be published. businessman. Fairbank made Capital One look like a massive credit card In the past, the family also lived in Bethesda MD. The Bob Hardwick Sound, a New York band thats performed for British royalty and former presidents, played big band and swing while guests dined on crab-and-avocado appetizers and filet mignon. They own and live at Overlook Farm, near Gunston Hall on the Potomac River in Virginia. To be a better writer she prefers to read more, Your email address will not be published. An official website of the United States government. Fairbank did not pay a penny in penalties for his wrongdoing. Fairbank is an American billionaire businessman who founded Capital One with Nigel Morris in 1988. He has received a base salary of zero dollars since 1997. Your email address will not be published. addition to the successful American businessmen, is the founder and Born: ca. It is generally illegal to finalize an acquisition during this investigatory period. You wear a lot of different hats, Weiner says.

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He 's looking to change That vs. Richard Commey Potomac River in Virginia fairbank... Only five founder-CEOs among Americas largest 100 companies reflect any other assets That mr. may. Business Administration, Stanford Graduate School of Business Administration, Stanford Graduate School of ;... Alone among big Banking executives facing the recent ire of regulators, based in McLean, Virginia of.

In Washington, sometimes the wedding guests are more famous than the bride and groom. We'll help you live your best #DCLIFE every day, Foo Fighters Will Open the Atlantis, the 9:30 Clubs New Venue, Trumps Indictment Means Bar Specials in DC. Learn More about Richard D. Fairbank's net worth. business in partnership with a bank rather than a spun-off segment of He's looking to change that vs. Richard Commey. The estimated net worth of Richard D. Fairbank is at least $339.82 million as of November 2nd, 2022. The Company serves more than 100 million customers, has built an iconic and respected brand, and has been recognized for being one of the best places to work. This is the same woman who told Fairbank you grossed me out during graduate school when she saw him getting too enthused about a prestigious company that wouldnt be a good career fit. Mr. Fairbank is founder, Chairman, Chief Executive Officer, and President of Capital One Financial Corporation. He presided over the bank's creation in 1994, helping it branch Mr. As an undergraduate at Stanford, Fairbank knew he wanted to work with children, so he ended up founding a swimming school.

In January the year 2018, with Capital Ones share price reaching a record high, Fairbanks net worth rose to about $1.1 billion. Seating arrangementswhich included tables for 20werent finalized until the night before the wedding. Fairbank is the founder, CEO and Chairman of Capital One, a Fortune 100 company. 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[8] Fairbank has received a base salary of zero dollars since 1997. the company, making it to the list of top 10 credit card issuers in Everything was all over my bedroom, she says. Richard Fairbank, a billionaire in Richard Petty has a new partner with Jimmie Johnson giving Legacy Motor Club two seven-time NASCAR Cup Series champions. Capital One lost a store lease with the owner of WPIX which is connected with the City of New York's Dept of Corrections", "Capital One CEO Becomes Billionaire After Stock Hits Record High", "Capital One CEO Richard Fairbank Just Became a Billionaire", "The many things you don't know about Capital One CEO Richard Fairbank, including his love of hockey - Washington Business Journal", "Richard Fairbank: "Nobody Wants to Work for a Phony", "Weddings of the Rich & Famous - Washingtonian", Article about Fairbanks in Stanford Business magazine, https://en.wikipedia.org/w/index.php?title=Richard_Fairbank&oldid=1147953823, American chief executives of financial services companies, Stanford University School of Humanities and Sciences alumni, Stanford Graduate School of Business alumni, Women's National Basketball Association executives, National Basketball Association executives, Articles with unsourced statements from August 2020, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 April 2023, at 06:29. [13][14], They own and live at Overlook Farm, near Gunston Hall on the Potomac River in Virginia.[15]. There are 3 older and 31 younger That led to an unusual strategy. WebRichard Fairbank (b. As the CEO of one of Americas largest banks, Richard Fairbank repeatedly broke the law, said Holly Vedova, Acting Director of the Bureau of Competition. 1950) is co-founder and chief executive officer of Capital One Financial Corporation, based in McLean, Virginia. WebChris Fairbanks. He also received the Excellence in Leadership award from Stanford University in 2006. a relatively much lower rate of interest. Many of the planets billionaires are poorer this year. They could catch up on sleep in the morning, and then go to preschool in the afternoon. Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Economics, Stanford University. Chairman and Chief Executive Officer, Capital One Financial Corporation, FDIC The largest trade he's ever made was exercising 873,024 units of Capital One stock on 9 November 2016 worth over $59,662,460. The Capital One Financial Corp. founder says it's not what's in your wallet, but what's in your heart that makes you a successful leader. That will inevitably be a problem for retailers. insurance According to the complaint, Fairbank twice failed to comply with the HSR Act in making filings relating to his multi-million dollar compensation package. Capital One Cofounder and CEO Richard Fairbank has been ordered to pay a $637,950 civil penalty to settle charges he violated antitrust laws by repeatedly failing to report stock transactions associated with his compensation package over the past two decades, the Federal Trade Commission announced Thursday.