Emil Michael Net Worth 2023: Income Source And Family
Emil Michael has reached celebrity status in the business world. Named “100 Most Creative People in Business” in 2014. He is revered for his ability to raise large sums for startups and his negation savvy when selling a company. He has also served in influential positions in the U.S. government. However, the general public mostly knows him for his time at Uber.
Emil Michael’s net worth is said to be 5 million, although many dispute the number as being far too low. The businessman has built three successful companies and is an advisor for many startups worldwide. He’s also a keen investor, including in AI-based software.
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Emil Michael’s Net Worth
Emil Michael has a passion for building, especially when it comes to startups. He has assisted and invested in over 50 startups over his career. Entrepreneurship is his passion, and he mentors and coaches many CEOs, hoping they, too, will find success.
Thus, people get a sense that for Michael, business isn’t just about making money but creation. But the money’s good, too.
Emil Michael doesn’t reveal much about his wealth, but his net worth has been estimated at 5 million. But the man has a gift for raising money for businesses. He raised 250 million in venture capital for Tellme Networks, so it’s hard to believe he hasn’t used that talent for himself.
In addition, he revealed to CNBC early in 2023 that he held on to his Uber stock and is also known to have many investments. So, while the claim is that his net worth is 5 million, there are plenty of rumors he’s worth over a billion. Like many things, the truth may be somewhere in the middle.
Emil Michael Bio
| Born | September 19, 1972 |
| Parents | Camellia and George Michael |
| Place of Birth | Cairo, Egypt |
| Religion | Coptic Christian |
| Languages | English, Arabic |
| Citizenship | United States |
| High School | New Rochelle |
| University | Harvard (B.A.), Stanford Law School (J.D.) |
| Wife | Julie Anne Herrin (Married January 20, 2018) |
| Children | Daughter, Collette |
| Goldman Sachs | Associate in the Investment Banking Division 1998-1999 |
| Telleme Networks | Executive 1999-2008, sold to Microsoft in 2007 for $800 million |
| Pentagon | Special Assistant to Secretary of Defense, 2009-2011 |
| Klout | Chief Operating Officer – Sold in 2014 for $200 million |
| Uber | Chief Business Officer, 2014 – 2017 |
Where Does Emil Michael’s Richness Come From?
Emil Michael’s richness has come from being instrumental in the building up of three companies and working as an advisor and investor in over 50 more.
However, for all his fancy education, he believes the biggest teacher in business is working, taking chances, and learning from mistakes.
In a 2022 interview for News Anyway, he claimed his biggest mistake was going to law school rather than working straight away for a tech company. That said, he credits his time at Goldman Sachs as a valuable insight into how to lead in business.
After waving goodbye to Goldman Sachs, he became Tellme Networks V.P. of field operations in 1999. His fundraising there made him a name in the business world and caught Microsoft’s attention. They bought the company in 2007 for $800 million.
From there, Michael’s career took a unique turn, and he found himself working at the Pentagon. As a special assistant to the Secretary of Defense, he was part of a substantial budget-cutting effort while leading projects in Iraq, Pakistan, and Afghanistan.
While he left the position in 2011, it gained him the respect of certain people in D.C. Consequently, in 2016, he was vetted and considered for the Trump administration’s Secretary of Transport.
Klout was Michael’s next career move after the Pentagon. He became their Chief Operating Officer in 2021, as well as a member of their board of directors. He remained there until 2013, and shortly after, the company was sold for 200 million dollars to Lithium.
Michael’s next role as Senior V.P. of Business at Uber projected his name beyond the business world and into the public sphere. He and Travis Kalanick raised an estimated 15 billion dollars in investments during their time there, more than any other private startup had ever raised.
Michael was also instrumental in developing the UberMilitary program, which helped veterans and current members of the armed services find earning opportunities through the company. He was also crucial in getting Uber into China. The success led to Uber in China merging with Didi Chiuxing, their main competitor.
Since leaving Uber, he has been working as a private consultant for many companies, such as Dr. B, a virtual health service. He also makes guest appearances, mentors, and coaches, as well as keeping a constant eye out for new startups worth investing in.
Emil Michael Family Background
Emil Michael is married to Julie Anne Herrin. They wed on January 20, 2018, in Miami Beach and the Faena Hotel. The couple met in 2012 in Last Vegas at the Hyde Nightclub at the Bellagio Hotel. Their daughter Collette was born in early 2020. It is Emil’s first marriage, but Julie’s second, her previous having ended in divorce.
At the time of their marriage, the University of San Diego was 37 years old and working for IfOnly as Head of Sales. She contracted over 4.2 million dollars of business for them in 2018 and was named top salesperson from 2014-2019. She now freelances. Her parents are Alice S. Herrin and Christopher P. Herrin, who live in Beaverton, Oregon.
Fatherhood fed into his outlook on modern working. He told News Anyway that he prefers working from home and believes that companies will offer more remote options and childcare solutions in the future because “a workplace this is hospitable to everyone [will ensure] they can do their best work.”
Wrap-Up
Emil Michael is a money maker, raising funds for three major companies, one of which became a household name. While he is no longer dedicated to a single company’s vision, his appetite for helping startups succeed shows no signs of waning. It is a fair bet to say his wealth has yet to reach its peak.
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