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Edited by Lauren Brown
British-American CEO and businesswoman Jane Fraser knows a thing or two about phenomenal accomplishments, including shattering the proverbial “glass ceiling”. As CEO of Citigroup, Fraser is the first female Chief Executive Officer in the firm’s history. She became the first woman to run any major bank on Wall Street in 2021.
Jane Fraser at a glance
Estimated net worth: Estimated between $50 million and $120 million
Best known for: First woman to lead a major US bank as Citigroup’s CEO
Major liquidity event: Long-term equity compensation and stock awards tied to Citigroup performance
Core wealth drivers: Executive compensation, stock-based incentives, and long-term equity holdings at Citigroup
Investor style: Strategy-driven with a focus on restructuring, capital efficiency and long-term returns
In 2004, Fraser joined Citigroup as Head of Client Strategy. By 2007, she earned a promotion to Global Head of Strategy and Mergers and Acquisitions. Fraser held this position in the throes of the Global Financial Crisis, tasked with shepherding the firm through the storm, which she managed with aplomb. In February 2021, Citigroup announced that Fraser would assume the position of Chief Executive Officer of the firm. She also became Chair in late 2025, receiving an additional equity award of $25 million. Since becoming CEO she also led a multi-year restructuring effort at Citigroup, focusing on simplifying operations and improving returns.
Today, Jane Fraser is considered one of the most powerful women in the banking world. In both 2014 and 2015, Fortune included Fraser in its annual list of the “Most Powerful Women in Business,” holding the positions of #48 and #41, respectively. She was #3 on the list in 2025. In addition, Forbes included Fraser in its 2025 list of The World’s Most Powerful Women at #8. She first appeared on the Forbes list in 2021 at #14.
Taking into account the phenomenal growth of Citigroup since Fraser has been part of the executive team, not to mention her ascension through the banking world, for years people have speculated about the actual net worth of the CEO. Therefore, we here at Sophisticated Investor endeavored to answer the question, “What is Jane Fraser’s net worth?” To answer this question, we assembled all the publicly available information, and have provided estimations of her actual net worth.
 | Jane Fraser |
|---|---|
| Date of Birth | July 13, 1967 |
| Nationality | British-American |
| Title | Chief Executive Officer and Chair |
| Companies Founded | N/A |
| Best Known For | The first woman to lead a major American bank |
| Net Worth (USD) | $50 million to $120 million |
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Jane Fraser’s Net Worth: How Much Is The CEO Worth?
Based on public estimates, Jane Fraser has a net worth of between $50 million and $120 million. A portion of her wealth stems from an ownership stake in Citigroup, so her wealth fluctuates along with the bank’s share price.
What Is Jane Fraser’s Net Worth?
Jane Fraser is worth approximately $50 million to $120 million.
The Wall Street Journal reported that Fraser earned $22.5 million alone for her first year as the CEO of Citigroup. Since then, her pay has increased to earning $42 million in 2025.
Jane Fraser Biography
Jane Fraser was born on July 13, 1967, in St. Andrews, Scotland. She received a BA in economics from Cambridge University and her MBA from Harvard Business School. After college, Goldman Sachs, London, hired Fraser as a mergers and acquisitions analyst, a position she held for two years.
After receiving her MBA in 1994, Fraser worked in global strategy and financial services at McKinsey. Eventually she was elevated to the position of partner. In total, Fraser spent a decade at McKinsey, where she held several positions.
In 2004, Fraser joined Citigroup as Head of Client Strategy. Three years later, she was promoted to Global Head of Strategy and Mergers and Acquisitions, shepherding Citigroup through the Global Financial Crisis. Over the subsequent years, Fraser ascended the ranks of the firm until her eventual promotion to Chief Executive Officer in 2021.
In 2014 and 2015, Fortune included Fraser in its annual “Most Powerful Women in Business” list at #48 and #41, respectively. In 2025, She ranked #3. In addition, Forbes included Fraser in its 2021 list of The World’s Most Powerful Women at #14. Today she appears as #8.
How Did Jane Fraser Build Her Wealth?
Jane Fraser accumulated her wealth mainly via her positions held at Citigroup. According to the firm’s 2026 proxy statement, she owns approximately 935,831 shares and stock units of the bank.
Additionally, given her former position as a partner of the global think tank, McKinsey, Fraser would have consistently received annual eight-figure compensation packages.
How Is Jane Fraser’s Net-Worth Calculated?
In essence, Jane Fraser’s net worth calculation is assets subtracted by liabilities. For several years she has collected eight-figure annual compensation from the various corporate positions she has held on Wall Street.
Who Else Invests Like Jane Fraser?
Not all investors have the same style. To compare investors like Jane Fraser, check out these investor profiles:
Want to Invest Like Jane Fraser?
Having a net worth similar to that of Jane Fraser may not be a reality for the average investor. Yet, despite not having investment capital similar to Fraser’s, savvy investors can still adopt an aggressive investment strategy of portfolio diversification.
A diversified portfolio that appreciates in value on a tax-free or tax-deferred basis is definitely a wise trajectory. To build and protect your wealth, have a look at our reviews for Precious Metals IRAs, in addition to the Top 5 Crypto IRA companies.
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FAQ About Jane Fraser’s Net Worth
How did Jane Fraser make her money?
Jane Fraser built her wealth through a long career in banking with most of her income coming from salary and stock-based compensation.
What is Jane Fraser’s net worth in 2026?
Estimates place Jane Fraser’s net worth between $70 million and $120 million as of 2026. The exact figure varies depending on Citigroup’s stock performance.
What is Jane Fraser’s role at Citigroup?
Jane Fraser serves as Chief Executive Officer and Chair of Citigroup.
Is Jane Fraser the first female bank CEO on Wall Street?
Yes. Jane Fraser became the first woman to lead a major US bank when she became CEO of Citigroup in 2021.
How much does Jane Fraser earn as CEO?
In 2025, Jane Fraser’s total compensation from Citigroup was approximately $42 million, including salary, bonuses, and stock awards.
Does Jane Fraser own stock in Citigroup?
According to Citigroup’s latest proxy filings, Jane Fraser holds a significant equity stake in the bank through a combination of shares and deferred stock units tied to her compensation.
What is Jane Fraser known for in banking?
Jane Fraser is known for leading Citigroup through a multi-year restructuring effort. She has focused on simplifying the bank’s operations, exiting non-core businesses, and improving overall efficiency.
