Carrie Tolstedt Net Worth (Updated 2025).

Carrie Tolstedt, born in 1960, began her career in the financial sector after graduating from the University of California, Berkeley with a degree in Economics. She started her professional journey at Wells Fargo in 1994, joining the company’s credit card division as a senior vice president.

Tolstedt’s rise to prominence began when she was appointed as the head of the credit card division in 2001. Under her leadership, the division experienced significant growth, transforming Wells Fargo into one of the largest credit card issuers in the United States. Her strategic vision and innovative approach to the industry earned her widespread recognition, culminating in her promotion to the role of Executive Vice President in 2007.

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Carrie Tolstedt’s Current Net Worth

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As of 2025, Carrie Tolstedt’s current net worth is estimated to be around $50 million, according to the latest available information.

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Career

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Carrie Tolstedt is a prominent figure in the banking industry, known for her role as Senior Executive Vice President of Retail Banking at Wells Fargo. She served in this position from 2009 until her retirement in 2016. Prior to this, she held various leadership roles within the company, demonstrating her long-standing commitment and success in the field.

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Other Ventures

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After retiring from Wells Fargo, Tolstedt has not been actively involved in other major business ventures. However, she has served on the board of directors for a few companies, including First Republic Bank and Visa Inc. She has also been involved in philanthropic efforts, supporting education and community development initiatives.

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Assets

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Tolstedt’s assets include a significant stake in Wells Fargo stock, which she acquired during her tenure. She also owns properties in California, including a home in the prestigious Los Altos Hills. Additionally, she has investments in various financial instruments and real estate, contributing to her overall net worth.

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Annual Income

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During her time at Wells Fargo, Tolstedt’s annual income was substantial. In 2015, her total compensation was over $19 million, including salary, bonuses, and stock awards. However, since her retirement in 2016, her annual income has significantly decreased, primarily consisting of her investments’ dividends and any board compensation she may receive.

Frequently Asked Questions about  Carrie Tolstedt

Frequently Asked Questions: Carrie Tolstedt Net Worth

1. What is Carrie Tolstedt’s net worth?

Carrie Tolstedt’s net worth is estimated to be around $50 million.

2. How did Carrie Tolstedt make her fortune?

Carrie Tolstedt made her fortune during her 28-year career at Wells Fargo, where she served as the head of the community banking division. She retired in 2016 with a reported severance package worth over $124 million.

3. What was Carrie Tolstedt’s role at Wells Fargo?

Carrie Tolstedt served as the head of Wells Fargo’s community banking division, overseeing the bank’s branch network and retail banking operations.

4. Why did Carrie Tolstedt leave Wells Fargo?

Carrie Tolstedt retired from Wells Fargo in 2016 amid a scandal involving the creation of millions of fake bank accounts by employees to meet unrealistic sales targets. Although she was not directly involved in the misconduct, her division was at the center of the scandal.

5. What is Carrie Tolstedt doing now?

After leaving Wells Fargo, Carrie Tolstedt has kept a low profile. She has not taken on any new executive roles and has not been involved in any major public projects or initiatives.

6. How old is Carrie Tolstedt?

Carrie Tolstedt was born on August 19, 1961, making her 60 years old as of 2021.

7. Where did Carrie Tolstedt grow up?

Carrie Tolstedt grew up in Minnesota and graduated from the University of Minnesota with a degree in accounting.

8. Is Carrie Tolstedt married?

Yes, Carrie Tolstedt is married. She has been married to her husband, Mark Tolstedt, since 1983.

9. Does Carrie Tolstedt have any children?

Yes, Carrie Tolstedt has two children with her husband, Mark Tolstedt.

10. What is Carrie Tolstedt’s stance on the Wells Fargo scandal?

Carrie Tolstedt has not made any public statements about the Wells Fargo scandal since her retirement. In her farewell email to employees, she expressed regret for the misconduct and apologized to customers who were affected.