| CEO Name | Joe Ferraro |
| Nationality | United States |
| Net Worth Estimation | $30 million |
Joe Ferraro, CEO of Avis Budget Group, which owns Zipcar, has an estimated net worth of around $30 million due to his long tenure with Avis, equity grants, executive compensation packages, and stock holdings. His leadership across executive roles and performance-based bonuses also contribute significantly to his financial standing.
Joe Ferraro, CEO of Zipcar (Avid Budget Group), has an estimated net worth of $30,000,000, which is 50% of the category's $1,000,000 to $60,000,000 CEO net worth range. His net worth falls squarely in the middle of the estimated range for rental industry CEOs.
Business Category: Rental
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 60000000 USD
Joe Ferraro Performance in Zipcar (Avid Budget Group)
Joe Ferraro, CEO of Zipcar under the Avis Budget Group, demonstrated strong leadership by driving strategic growth and enhancing operational efficiency. His decision-making focused on expanding Zipcar's market presence and integrating innovative technology solutions to improve customer experience. Ferraro's performance significantly boosted Zipcar's competitive positioning and profitability within the car-sharing industry.
Latest News
Avis Budget Group Acquisition of Zipcar and CEO Leadership
Avis Budget Group acquired Zipcar in 2013 for approximately $500 million at $12.25 per share, aiming to expand its car-sharing services globally by leveraging Zipcar's technology and growth potential. Ronald L. Nelson, then Chairman and CEO of Avis Budget Group, highlighted the strategic blend of car rental and car-sharing businesses, expecting significant synergies and expansion. As of late 2024 and 2025, the CEO role transitioned to Brian Choi, following Joe Ferraro's tenure, reflecting continued leadership focused on innovation and growth in mobility solutions.
Source: http://www.zipcar.com/press/news/avis-budget-acquires-zipcar