Joe Moglia Net Worth is a topic of much interest for those curious about this multifaceted individual’s financial standing. As an accomplished American entrepreneur, former football coach, and author, Joe Moglia boasts a net worth of approximately $75 million. He gained significant recognition as the former chairman and CEO of TD Ameritrade and also made his mark as the head football coach at Coastal Carolina University between 2012 to 2016 and again in 2018. During his tenure, Coastal Carolina successfully transitioned from the NCAA Division I Football Championship Subdivision to the NCAA Division I Football Bowl Subdivision, achieving four Big South Conference Championships. Joe Moglia has also penned books such as ‘The Perimeter Attack Offense’ and ‘Coach Yourself to Success: Winning the Investment Game.’
Salary
At the height of his corporate career, Joe Moglia was earning an impressive $20 million annually in total compensation from TD Ameritrade. Between 2001 and 2009, he accumulated over $100 million in salary alone. Interestingly, when he took on the role of head coach at Coastal Carolina, he chose a symbolic salary of just $1, declining the full $177,000 he was entitled to.
What is Joe Moglia net worth?
| Name | Joe Moglia |
|---|---|
| Category: | Richest Celebrities › Authors |
| Net Worth: | $75 Million |
| Birthdate: | Apr 1, 1949 (76 years old) |
| Birthplace: | New York City |
| Gender: | Male |
| Profession: | Writer, Businessperson, Coach, American Football coach |
| Nationality: | United States of America |
Early Life and Career Beginnings
Born Joseph Hugh Moglia on April 01, 1949, in New York City, he attended Fordham Preparatory School in the Bronx from 1963 to 1967. He later pursued higher education at Fordham University, earning a bachelor’s degree in economics, followed by a master’s degree in secondary education from the University of Delaware.
Moglia’s early career saw him spend 16 years coaching football, culminating as the defensive coordinator at Dartmouth College from 1981 to 1983. Following the 1983 season, he made a significant career pivot by joining the Merrill Lynch MBA training program on Wall Street. Notably, he was the only football coach among the 26 trainees, who were all MBA graduates.
Corporate Career
At Merrill Lynch, Joe Moglia dedicated 17 years and served on executive committees for various private client and institutional sectors. He managed insurance, investment products, the middle-market business, and the (401) k sector. His corporate journey took a pivotal turn in 2001 when he became CEO of Ameritrade Holding Corp, now known as TD Ameritrade.
Under Moglia’s leadership, TD Ameritrade’s client assets skyrocketed from $24 billion to over $300 billion, while market capitalization surged from $700 million to $12 billion. The company enjoyed record earnings and capitalized on major mergers and acquisitions, including significant deals with TD Waterhouse in January 2006 and Datek Online Holdings four years prior.
March 2008 marked Moglia’s announcement to step down as CEO to pursue other interests. His successor search extended into the summer, eventually leading to Fred Tomczyk, former COO at TD Bank Financial Group, assuming the role in September. Moglia then transitioned to chairman, succeeding J. Joseph Ricketts. In 2012, he co-founded Fundamental Global Investors with Kyle Cerminara and has served as chairman since. By July 2020, they also co-founded FG New America Acquisition Corp, a special purpose acquisition company where he remains chairman and partner. Moglia stepped down as chairman of TD Ameritrade later that year when it merged with Charles Schwab Corporation.
Return to Football Coaching
After leaving his CEO role, Moglia joined the University of Nebraska as an executive advisor to Bo Pelini, the then-head football coach. By November 10, 2010, he was named head coach of the Virginia Destroyers, a new United Football League franchise, and soon after became the president and head coach of the Omaha Nighthawks.
As financial challenges plagued the UFL, Moglia transitioned to Coastal Carolina. In his first season, he earned the title of 2012 Big South Conference Coach of the Year, leading the team to the championship. Following the 2015 season, Coastal Carolina began its transition to the FBS, the highest level in college football. The university joined the Sun Belt Conference for non-football sports in July 2016 and completed the FBS transition in 2017. On July 28 of the same year, Moglia took medical leave but was cleared to return to coaching by January 5, 2018.
Retirement and Legacy
On January 18, 2019, Moglia announced his departure as head coach of the Coastal Carolina Chanticleers, handing over the position to his offensive coordinator and interim coach, Jamey Chadwell. Though his contract extended until 2021, Moglia felt stepping aside was best for the program’s future. He retired with an impressive record of 56-22, securing four Big South Conference titles and two Big South Coach of the Year awards.
In 2021, Moglia made a noteworthy financial donation to Coastal Carolina University. This gift aimed to initiate the design of a $15 million indoor football practice facility, expand football amenities, and launch a proposed south end zone project. It also aimed to complete funding for a $5 million soccer stadium. While the exact donation amount remains undisclosed, CCU President Michael Benson announced that a future academic and athletic facility will be named The Joe Moglia Center. Additionally, it was revealed that Jack Coffey Field, at his alma mater, would be named Joe Moglia Stadium during the homecoming football game on October 7, 2023.
What is Joe Moglia’s current net worth?
As of 2021, Joe Moglia’s current net worth is estimated to be around $20 million. This successful businessman and former football coach has accumulated his wealth through various ventures, including his time as CEO of TD Ameritrade. He also owns a stake in the Omaha Nighthawks football team. Moglia’s financial success serves as a testament to his strong leadership skills and business acumen
How did Joe Moglia make his fortune?
Joe Moglia made his fortune through a combination of hard work, determination, and strategic decision-making. He started as a football coach and then transitioned into the business world, eventually becoming the CEO of TD Ameritrade. He also invested in various companies and served on multiple boards, utilizing his leadership skills and financial expertise to grow his wealth
What is Joe Moglia’s salary as CEO of TD Ameritrade?
According to SEC filings, Joe Moglia’s salary as CEO of TD Ameritrade was $11.7 million in 2019, including a base salary of $1 million and stock awards worth $10.7 million. This reflects his significant contributions to the company’s growth and success, as well as his extensive experience in the financial industry. Additionally, Moglia has a strong track record of increasing shareholder value and driving innovation within the company
How much did Joe Moglia’s net worth increase during his time at TD Ameritrade?
During his time as CEO of TD Ameritrade, Joe Moglia’s net worth increased significantly. According to Forbes, his net worth went from $16 million in 2001 to over $200 million in 2008. This impressive growth can be attributed to his successful leadership and strategic decisions at the company
What other sources of income does Joe Moglia have besides his role at TD Ameritrade?
In addition to his role as Chairman of TD Ameritrade, Joe Moglia has multiple sources of income including serving on the board of directors for several companies, investing in real estate, and being a motivational speaker. He also has a successful career as a college football coach
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