What is David Long Net Worth 2024: Sources of Wealth, Income/Salary & More

Ever wondered about David Long’s net worth? At World of CEOs, we dive deep into the financial whirlwind surrounding this notable figure.

From major assets to savvy investments, we cover it all. Stay tuned as we break down the figures and explore what makes David Long a financial icon.

Quick Facts

What is the Net Worth Of David Long in 2024?

David Long’s exact net worth in 2024 is not publicly available. However, considering his significant earnings as CEO of Liberty Mutual and his substantial bonuses, it is likely to be substantial.

What is the Salary/Income of David Long in 2024?

There is no publicly available information on David Long’s specific salary or income for 2024 as he retired at the end of 2022.

During his tenure, he earned significant compensation, with his salary in 2017 reported to be $19.7 million.

David Long Finance Overview

Career Journey and Major Contributions

David Long‘s career at Liberty Mutual began in 1985 when he was hired as a financial analyst. Over the years, he climbed the corporate ladder, holding positions in underwriting, mergers and acquisitions, international operations, and commercial markets.

Long’s leadership saw him become president, executive vice president, and eventually CEO and chairman of Liberty Mutual.

One of Long’s significant contributions was his involvement in numerous acquisitions, such as Golden Eagle, Peerless Insurance, Summit, Colorado Casualty, and Indiana Insurance.

These strategic moves were pivotal in expanding Liberty Mutual’s market presence and boosting its profitability.

Financial Decisions and Investments

David is known for making notable financial decisions during his tenure. In 2012, he spent $4.5 million on renovating his 1,335-square-foot office at Liberty Mutual’s headquarters in Boston.

This move, while controversial, underscored his commitment to creating a conducive working environment.

Additionally, Long’s real estate investments include a $2.3 million home on Nantucket Island. This 5,700-square-foot property is a testament to his personal wealth and investment acumen.

Retirement and Its Financial Implications

Long retired from Liberty Mutual at the end of 2022, passing the baton to Timothy M. Sweeney. His retirement marked the end of a significant era for Liberty Mutual, with Long having played a crucial role in the company’s growth and stability.

Post-retirement, Long continues to be involved in various advisory roles and board memberships, which likely contribute to his ongoing financial stability.

Philanthropy and Civic Engagement

David Long’s financial success is complemented by his philanthropic efforts. He has made substantial contributions to educational institutions such as Hartwick College and Boston College, supporting scholarships and other initiatives.

Additionally, Long is actively involved in civic and non-profit organizations, including Massachusetts General Hospital, where he supports various programs and initiatives.

FAQs about David H. Long

Who is David H. Long?

David H. Long is an American and British businessman. He was the Chairman and CEO of Liberty Mutual Insurance Group.

Born in 1961 in Liverpool, he started at Liberty Mutual in 1985. He retired as CEO in 2022 but remains Executive Chairman of the Board.

What is David H. Long’s educational background?

He has a BA in mathematics from Hartwick College (1983) and a master’s in finance from Boston College (1989). His education in math and finance set the stage for his successful career in insurance and business.

When did David H. Long become CEO of Liberty Mutual?

David became CEO of Liberty Mutual in June 2011. He was elected President in June 2010 and Chairman in June 2013. He led the company for over a decade.

What are some of David H. Long’s achievements at Liberty Mutual?

David led Liberty Mutual to become the sixth-largest global property and casualty insurer. The company’s assets grew by 33% to $156 billion, and revenues increased by 39% to $48.2 billion under his leadership.

He also drove key acquisitions and the company’s ESG transformation.

What was David H. Long’s compensation as CEO?

In 2017, David earned about $19.7 million, including incentives. This marked a significant increase, reflecting his contributions despite profit fluctuations.

What is known about David H. Long’s personal life?

He is married to Stephanie Isgur Long, a fellow Hartwick College graduate. They own a home on Nantucket Island and are active in philanthropy. David serves on several boards, including Eversource Energy and Massachusetts General Hospital.

What roles has David Long held at Liberty Mutual?

He has held various positions in his 37-year career at Liberty Mutual. His roles included underwriting, financial operations, mergers and acquisitions, and international operations. He was President before becoming CEO.

What is David Long’s role after retiring as CEO?

After retiring as CEO, he continues as Executive Chairman of Liberty Mutual’s Board of Directors. He remains involved in strategic decisions and company oversight.

How did David Long impact Liberty Mutual’s workplace culture?

David enhanced Liberty Mutual’s culture by focusing on diversity, equity, and inclusion (DEI). He set DEI goals and launched annual ESG reports, earning awards for the company’s inclusive and supportive environment.

What is David H. Long’s involvement in philanthropy?

He is deeply involved in philanthropy, contributing nearly $600 million through the Liberty Mutual Foundation. He created the Liberty Torchbearers program, boosting employee participation in community service and charitable giving.

What are David H. Long’s future plans?

David will continue to influence Liberty Mutual’s strategic direction as Executive Chairman. He is likely to stay active in various charitable and community-focused initiatives.

Conclusion

Curious about where David Long stands in the top wealth rankings? His strategic choices and financial prowess paint a vivid picture of his wealth.

For more exclusive insights, visit our detailed analysis at worldofceos.com, where leaders’ fortunes are our top focus.