Jeffrey Sprecher Net Worth, Financial Disclosures And Personal Life

Jeffrey Sprecher Net Worth Quick Facts

Net Worth: $1 Billion

Date of Birth: February 23, 1955 (69 years old)

Place of Birth: Madison, Wisconsin, U.S.

Occupation: Chairman and CEO of Intercontinental Exchange, Chairman of New York Stock Exchange.

 Jeffrey Sprecher Net Worth.
Jeffrey Sprecher Net Worth.

A Look at Jeffrey Sprecher Net Worth

Jeffrey Sprecher, an American businessman and entrepreneur, boasts a net worth of $1 billion.

He gained renown as the chairman of the New York Stock Exchange, a position within the company he founded in 2000, Intercontinental Exchange (ICE).

Sprecher’s wealth also played a significant role in making his wife, Kelly Loeffler, the wealthiest member of Congress during her tenure as a Senator.

Loeffler was appointed to the United States Senate in December 2019 by the Governor of Georgia following Senator Johnny Isakson’s resignation due to health reasons.

She assumed office in January 2020 but ultimately lost her bid for reelection.

Also Read: Ken Griffin Net Worth, Art Collection And Role At Citadel

Financial Disclosures

Upon joining the Senate, Kelly’s federal financial disclosures indicated that the Loeffler/Sprecher fortune ranged from a minimum of $500 million to potentially $800 million – $1 billion, depending on the market value of their stake in ICE.

In January 2021, it was confirmed that Sprecher’s net worth had officially surpassed $1 billion for the first time.

In mid-2020, the company’s market cap plummeted to around $30 billion.

By January 2021, it had soared to over $63 billion, propelling Jeffrey into billionaire status.

Also Read: Suhail Rizvi Net Worth, Early Life And Career

Early Life

Born in Madison, Wisconsin, in February 1955, Jeffrey Sprecher graduated from the University of Wisconsin-Madison and earned his MBA from Pepperdine University.

He initially worked at Trane before joining Western Power Group, a power plant development firm.

In the mid-1990s, while employed at Western Power Group in Los Angeles, Sprecher became acquainted with a Georgia-based company called Continental Power Exchange, then owned by MidAmerican Energy Holdings.

In 1997, Sprecher orchestrated the acquisition of Continental Power Exchange for $1 plus the assumption of its debt.

Jeffrey Sprecher Net Worth: Intercontinental Exchange

In 2000, he rebranded the company as Intercontinental Exchange (ICE), partnering with seven prominent bank and oil companies, including BP, Goldman Sachs, and Morgan Stanley.

ICE aimed to establish an online exchange for natural gas trading using the World Wide Web.

Following Enron’s collapse in 2001, ICE emerged as a leader in commodity exchanges, expanding through mergers and acquisitions.

By 2005, ICE went public, with Jeffrey’s stake valued at $10 million on the first day of trading.

Today, ICE operates 12 regulated exchanges, including the New York Stock Exchange, and holds a market cap exceeding $60 billion.

Personal Life

In 2002, ICE hired Kelly Loeffler, who later became Jeffrey’s wife.

They married in 2004, and Kelly ascended the ranks at ICE to head marketing, communications, and investor relations.

The couple owns various properties, including a $10.5 million mansion in Atlanta’s Tuxedo Park neighborhood and multiple residences in Florida.

In 2010, Kelly acquired the Atlanta Dream WNBA team.

In 2020, amidst allegations of insider trading, the couple reportedly sold $20 million worth of stock in pandemic-vulnerable companies, a claim Loeffler has refuted.

Leave a Comment