Carlos Rodriguez’s Net Worth is $2.3 billion. He has been able to get to the top of his career by honing his entrepreneurial skills. He is a business executive who currently serves as the CEO of ADP. He is also a member of ADP’s board since 2011. Carlos Rodriguez’s salary is mostly from his current company, ADP. He also received a fair bit of money through his smart investments. He is one of those top CEOs in the world who are also known for their down-to-earth nature. Those who wish to excel in the field of business and reach a top position should study Carloz Rodrguez’s career.
Carlos Rodrguez Net Worth in 2023
According to credible sources on the Internet, Carlos Rodriguez’s Net Worth in the year 2023 is $2.3 Billion. He has been associated with ADP since 1999. Actually, he was an employee of Vincam when ADP acquired the company.
|Full Name||Carlos A. Rodriguez|
|Year of Birth||1965|
|Known-For||CEO of Automatic Data Processing, Inc. (ADP)|
|Nationality||American and Cuban|
|Net Worth||$2.3 Billion|
Carlos Rodriguez Salary package and Compensation
The salary package of Carlos Rodriguez is amazingly impressive. According to reports, his salary is 335 times the median salary of Automatic Data Processing, Inc. (ADP). However, his salary is quite modest i.e. around $1,164,200. However, he receives a large number of compensations in the form of stock awards, option awards, etc.
Let’s take a look at Carlos Rodriguez’s salary breakup for the previous year.
|Value of Stock Awards||$9,813,507|
|Value of Option Awards||$5,799,969|
|Non-Equity Incentive Plan Compensation||$3,627,600|
|Change in Pension Value and Deferred Compensation Earnings||$0|
|All Other Compensation||$421,816|
If you are into trading then you might know that the value of stock awards and option awards depends on the market. So, his salary or compensation is also directly proportional to the value of ADP’s stocks.
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Carlos Rodriguez Biography
The global leader in the Human Capital Management industry, Carlos Rodriguez had a humble beginning. He was born in Cuba in a financially poor family. However, he is proud of his immigrant roots. He along with his family fled Cuba in the 1960s and settled in Miami, Florida. Carlos was only three years old back then.
Many of you will be surprised to know that he was the first member of his family to go to college. After his early education in Miami, he graduated from Christopher Columbus High School (Miami-Dade County) in 1982. Then, he went to the University to complete a Bachelor of Arts and a Master of Business Administration degree.
He Joined ADP in 1999 when it acquired Vincam. Initially, he served as CFO for a short period of time. In ADP, he served as the President of TotalSource. Under his guidance, TotalSource became the largest Professional Employer Organization (PEO) in the industry. He became the 6th CEO of ADP since its inception in 1949.
|Name||Carlos A Rodriguez|
|Place of Birth||Cuba|
|Education||Christopher Columbus High School (Miami-Dade County) and Harvard University|
|Height||5 Feet 10 Inches|
Key Positions Held by Carlos A Rodriguez
Throughout his professional career, Carlos Rodriguez has held some very important portfolios. A few of the important positions he has taken are as follows.
- Chief Executive Officer and President – Automatic Data Processing, Inc. (ADP) since November 2011.
- Board Member – ADP and Hubbell Inc
- Member – World 50, Business Roundtable
- Member – Economic Club of New York
- Board of directors – A-T Children’s Project
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Carlos Rodriguez’s Wife and Children
There is not much information about Carlos A Rodriguez’s wife and children available in the public domain. However, it is known that he is married and has kids too. They are said to be from the USA and they have not been seen in public.
Frequently Asked Questions
Question – 1: Who is going to take over as the CEO of ADP after Carlos Rodriguez?
Answer: Maria Black will succeed Carlos Rodriguez.
Question – 2: Is ADP a big company?
Answer: Yes, it is a big company. It has 58,000 employees worldwide with an annual revenue of more than $14.2 Billion.
Question – 3: Is Carlos Rodriguez retiring?
Answer: No, he will continue serving as executive chairman of the board of ADP.
Question – 4: Is Carlos Rodriguez involved in philanthropy?
Answer: Yes, he is on the Board of directors of A-T Children’s Project (a non-profit organization that raises funds to support and coordinate first-rate biomedical research projects).
We hope you enjoyed our article about the ADP’s head Carlos Rodriguez’s net worth. It’s amazing to see the investments this person has made. Coming from a family of immigrants to become a top CEO in the world is truly inspirational. Thank you for reading, we are always excited when one of our posts is able to provide useful information on a topic like this. Do let us know if you have any queries or doubts.