| Celebrated Name: | Bill McDermott |
| Real Name/Full Name: | William R. McDermott |
| Gender: | Male |
| Age: | 60 years old |
| Birth Date: | 18 August 1961 |
| Birth Place: | Flushing, Queens, New York, U.S. |
| Nationality: | American |
| Height: | 1.60 m |
| Weight: | 71 Kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Julie McDermott |
| Children/Kids (Son and Daughter): | No/Yes (name) |
| Dating/Girlfriend (Name): | N/A/Yes (name) |
| Is Bill McDermott Gay?: | No |
| Profession: | Businessman |
| Salary: | N/A |
| Net Worth in 2024: | $55 Million |
| Last Updated: | December 2024 |
Bill McDermott Net is a renowned business from America who is currently the CEO of ServiceNow. Previously, Bill had been the CEO of SAP SE, a technology company Bill is applauded for having increased SAP’s market value from $39 billion to $156 billion during his tenure. Additionally, Bill received a gold medal for a business memoir of the year having written a memoir Winners Dream: A Journey from Corner Store to Corner Office together with Joanne Gordon.
Maybe you know about Bill McDermott very well, but do you know how old and tall is he and what is his net worth in 2024? If you do not know, we have prepared this article about details of Bill McDermott’s short biography-wiki, career, professional life, personal life, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.
Early Life & Biography
Bill McDermott, whose birth name is William R. McDermott, was born on the 18th of August 1961 in Flushing, Queens, New York, the U.S. he grew up in Amityville on Long Island among his three siblings. His parents are Kathleen and Bill McDermott.
For an amount of $7,000, he bought the Amityville Country Delicatessen at the age of 16 years in Long Island.
Bill went to Dowling College, where he studied business management. Bill furthered his studies at the North-western University’s Kellogg School of Management and earned his MBA. Additionally, he went to the Wharton School of Business to complete the Executive Development Program. While in his undergraduate, Bill used his deli business to fund his schooling.
Personal Life
Presently, Bill McDermott is a married man. He is married to his wife, Julie. Together they have been blessed with two sons.
Having suffered a fall that cost him his left eye in July 2015, the bill stayed till September to return to the office.
Bill’s wife suffered breast cancer for six months, and after remission, she survived the disease. However, pancreatic cancer took Bill’s mother’s life thus, he set up a Kathleen McDermott Foundation that helps in finding new treatments for the disease.
Age, Height, and Weight
Being born on 18 August 1961, Bill McDermott is 60 years old as of today’s date 7th December 2024. His height is 1.60 m tall, and his weight is 71 kg.
Career
Bill’s career started at Xerox, where he worked for a total of 17 years. Later on, in 200, he became the president of Gartner. Additionally, he served as the Executive Vice President of Worldwide Sales and Operations between 2001 and 2002 at Siebel Systems.
SAP appointed Bill as the CEO for SAP America in 2002, and by 2008, he was got designated to the SAP Executive Board. Later on, he became the co-CEO of SAP AG in February 2010. Four years later, Bill made it the first American to become the CEO of SAP. Throughout his tenure till 2018, Bill managed to raise the value of SAP from $39 billion to $144.7 billion.
This catapulted him to being the best-paid executive above big companies in German stock index DAX. His earning included a remuneration of €11.6 million. Bill left SAP SE on October 10, 2019.
Immediately after leaving SAP SE, Bill was appointed as the CEO of ServiceNow succeeding John Donahoe, who was finishing his tenure. Bill indicated that the reasons for him joining ServiceNow as the CEO included its strength in cloud computing and enterprise software in addition to the challenge of building a presently vibrant company.
Besides, Bill McDermott is featured as one of the members of the Business Roundtable. Furthermore, he is a member of the European Roundtable of Industrialists (ERT).
Additionally, Bill is an accomplished author with the memoir Winners Dream: A Journey from Corner Store to Corner Office that indicates is struggles to be at the top. Having been published in 2014 by Simon & Schuster, it got a huge win in addition to winning a gold medal.
Awards & Achievements
Through Bills Career, he has received different awards for his phenomenal work. In 2016, the German Business Daily Handelsblatt named Bill, the Manager of the Year. Other awards that he has received include the GENYOUth’s Vanguard Award and Children’s Aid Society’s Promise Award. Other awards he has received include The We Are Family Foundation’s Visionary Award and City Year’s Idealist of the Year. Furthermore, Glassdoor recognized Bill as a top CEO in the United States, Canada, Germany, and in the United Kingdom.
Net Worth & Salary of Bill McDermott in 2024
As of December 2024, Bill is estimated to have a net worth of about $55 Million. The amount of his net worth is mainly from him being the CEO of different leading companies, especially while at SAP SE, where he topped as the best-paid executive above big companies in German stock.
Bill McDermott’s story is a classic tale of rags-to-riches. Having lived under abject poverty, Bill indicates that his father had to live from paycheck to paycheck despite taking every overtime shift available. Having to put himself through college, Bill had the roughest childhood but has grown his status to the Highest-Paid CEO on the German Stock Market. His allowed him to earn money that helps him fend for his family.