| CEO Name | Michael G. Rhodes |
| Nationality | United States |
| Net Worth Estimation | $40 million |
Michael G. Rhodes' estimated net worth of around $40 million is primarily attributed to his executive compensation, bonuses, and long-term stock awards accrued during his leadership roles at Discover Financial Services and previous major financial institutions. His net worth also reflects substantial equity holdings and performance-based incentives tied to company growth and shareholder value.
Michael G. Rhodes, CEO of Discover Financial Services, has an estimated net worth of $40,000,000 USD. This places him at 50% of the maximum estimated net worth ($80,000,000 USD) within the finance business category.
Business Category: Finance
Minimum Net Worth (estimation): 0 USD
Maximum Net Worth (estimation): 80000000 USD
Michael G. Rhodes Performance in Discover Financial Services
Michael G. Rhodes, CEO of Discover Financial Services, demonstrates decisive leadership by driving strategic initiatives that enhance customer experience and digital innovation. His decision-making focuses on expanding product offerings and optimizing operational efficiency, resulting in sustained revenue growth and market share gains. Under Rhodes' performance-driven management, Discover has strengthened its competitive position and consistently delivered strong financial results.
Latest News
Discover Financial Services Reports Strong Q1 2025 Earnings Ahead of Capital One Merger
Discover Financial Services posted a net income of $1.1 billion for Q1 2025, up 30% year-over-year, with CEO leadership transitioning to interim CEO Michael Shepherd following Roger Hochschild's resignation amid regulatory scrutiny.
Source: http://investorrelations.discover.com/newsroom/press-releases/press-release-details/2025/Discover-Financial-Services-Reports-First-Quarter-2025-Net-Income-of-1-1-Billion-or-4-25-Per-Diluted-Share/default.aspx