Top 5 Factors That Contributed to Irene Rosenfeld’s Net Worth: How She Built her Fortune?

Irene Rosenfeld, aka Irene Blecker Rosenfeld, is a businesswoman born in Westbury, New York, USA. She was the chairman and CEO of Mondelez International.

Having been involved in several business ventures throughout her career, what could be Irene Rosenfeld’s net worth? Let’s take a look at these factors contributing to her fortune.

Irene Rosenfeld’s Net Worth of $80 Million Is Due to Her Involvement In Various Companies

Irene is a renowned businesswoman of American nationality. Throughout her career, she has been involved with different companies where she has shown exemplary results.

While working in these companies, Rosenfeld earned considerably, and her fortune was on the rise. Talking of which, Irene Rosenfeld’s net worth, as stated by Celebrity Net Worth, is reported at $80 million.

Furthermore, Irene Rosenfeld’s fortune in multi-millions is due to her involvement in various companies. So, now let’s take a look at her career journey and wealth over the years.

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Started By Working on Consumer Research

Born to a Jewish family to Seymour Blecker and Joan Blecker, the businesswoman grew up with a younger sister, Linda Blecker. She attended W. Tresper Clarke High School and later went to study at Cornell University.

Rosenfeld earned degrees from Cornell, like a Bachelor of Arts/ Science, Master of Science, and Doctorate. There, she excelled at sports and often served as basketball, volleyball, and tennis team captain.

Irene started her career by working on consumer research at Dancer Fitzgerald Sample advertising agency. She continued working in the same role at General Foods.

Irene’s job in consumer research might have helped her earn a considerable amount. But the most important thing she received after working there was an insight into the food and beverage industry.

Career Turn Point at Kraft Foods

Irene’s diligence and experience attracted the attention of Frito-Lay, a division of PepsiCo. As a result, she became chairperson and CEO of Frito-Lay in 2004. There, she emphasized product promotion and worked on its health and wellness offerings.

A couple of years later, in 2006, Kraft Foods appointed Irene as their CEO. It was her second stint at General Foods, which later became part of Kraft Foods and was also the turning point of her career.

During her tenure at Kraft, the businesswoman led the turnaround and restructuring of some of its businesses in North America. Under her leadership, Cadbury was acquired by Kraft in February 2010.

The businesswoman also steered the promotion of various products like Trident, Oreo, and Ritz swiftly. As the one who reigned in the top position of a country, Irene might have earned significantly.

As per Celebrity Net Worth, Irene Rosenfeld’s salary in 2009 was $10.5 million, and in 2010, she made earnings worth $19.29 million.

The table shows Irene’s compensation in 2010.

Table Source: Forbes.com

Also, Irene’s earnings in 2010 placed her 48th on Forbes Executive Pay. All in all, Irene Rosenfeld’s net worth might have increased significantly over the years.

Earnings as a CEO of Mondelez International

In August 2011, Kraft Foods announced its plan to split into two publicly traded companies, with one focusing on its North American groceries business, including Oscar Mayer meats and Maxwell House coffee, and the other on its international snack brands like Oreo cookies and Trident gum, by 2012.

In December 2011, Kraft Foods announced its top executive leadership position for the upcoming two companies it planned to create in late 2012. Tony Vernon, who served as the president of Kraft Foods North American, became CEO of the $17 billion North American grocery business, which kept the Kraft Foods name.

Irene was widely anticipated to continue as chairman of the $31 billion global snacking company. It was later named Mondelez International Inc.

In 2012, Irene was awarded a 31% rise in compensation; as a result, her total annual earnings resulted in $28.8 million.

Irene continued working in the position until 2017. Then, in August, she shared her plan to step down as CEO of the company and remain chairman until March 2018, when Dirk Van de Put would replace her.

Exclusive: Mondelez CEO Irene Rosenfeld to step down https://t.co/FCmiQYoPhQ pic.twitter.com/ihuyh3cZRR

— FORTUNE (@FortuneMagazine) August 2, 2017

Irene, who retired in November 2017, might have made a considerable sum as the CEO of Mondelez International. Over her time in the company, Irene made commendable earnings.

As a result, Irene Rosenfeld’s fortune resulted in multi-millions, allowing her to enjoy a comfortable life.

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Board Members of Various Companies

Another contributing factor to Irene Rosenfeld’s wealth growth is because of her serving on boards. She served as the board of director for the Consumer Goods Forum and Grocery Manufacturers Association.

Furthermore, Rosenfeld also serves on the board of trustees at Cornell University, her alma mater. She has also been involved in several community and industry organizations like the Economic Club of Chicago, where she was named the chairman in March 2007.

As a result of being a board member of several companies, Irene Rosenfeld’s wealth has increased significantly. So, it is no wonder that Rosenfeld’s net worth is $80 million.

Hopefully, the businesswoman is living the best life. We wish her blissful days ahead.

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