Rich Fairbank Net Worth (Updated 2026).
Richard Fairbank, a name that has become synonymous with the banking industry, began his career in an unassuming yet significant role. In the early 1980s, he joined First National Bank of Maryland as a management trainee, marking the start of his journey in the financial sector. This was a pivotal moment for Fairbank, as it exposed him to the intricacies of the banking world and laid the foundation for his future innovations.
Fairbank’s rise to fame, however, is not a result of a meteoric rise within an established institution. Instead, it was his entrepreneurial spirit that catapulted him into the limelight. In 1985, he co-founded Capital One, a financial services company that would revolutionize the banking industry. Fairbank’s innovative approach to credit card marketing and customer segmentation, coupled with his strategic vision, transformed Capital One into a major player in the financial sector, making him a household name in the process.
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Rich Fairbank’s Current Net Worth (2025)
As of 2025, Rich Fairbank’s current net worth is estimated to be around $1.5 billion. This significant wealth accumulation is primarily attributed to his successful career in the financial services industry.
Career
Rich Fairbank is the co-founder and former CEO of Capital One, a leading credit card issuer and bank holding company. He co-founded the company in 1988 and served as its CEO until 2004. Under his leadership, Capital One grew from a small startup to a Fortune 500 company. After stepping down as CEO, he remained as the company’s chairman until 2010.
Other Ventures
In addition to his work at Capital One, Fairbank has been involved in various other ventures. He is a co-founder and chairman of the board of directors of the Financial Services Roundtable, a trade association representing the financial services industry. He also serves on the board of directors of several other companies, including Amazon and American Express.
Assets
Fairbank’s assets include a significant stake in Capital One, as well as investments in other companies and real estate. He owns a luxurious estate in McLean, Virginia, valued at over $10 million. Additionally, he has a diverse investment portfolio, including stocks and bonds, which contribute to his overall net worth.
Annual Income
As of 2025, Rich Fairbank’s annual income is estimated to be around $20 million. This includes his salary, dividends from his investments, and other sources of income. His annual income has fluctuated over the years, but it has consistently remained in the tens of millions of dollars.
Frequently Asked Questions about Rich Fairbank
**Frequently Asked Questions about Rich Fairbank**
1. What is Rich Fairbank’s net worth?
Rich Fairbank’s net worth is estimated to be around $2.5 billion.
2. How did Rich Fairbank make his fortune?
Rich Fairbank co-founded Capital One, a financial services company, in 1988. He served as the CEO until 2010 and as the chairman until 2020. His wealth is primarily from his stake in Capital One and its success.
3. What is Rich Fairbank’s background?
Rich Fairbank graduated from Duke University in 1973 with a degree in economics. He then earned an MBA from the Stanford Graduate School of Business in 1977. Before founding Capital One, he worked at Bankers Trust and NCR Corporation.
4. When was Capital One founded?
Capital One was founded in 1988.
5. How many shares of Capital One does Rich Fairbank own?
As of 2021, Rich Fairbank owns approximately 1.2 million shares of Capital One.
6. What is Rich Fairbank’s role at Capital One now?
Rich Fairbank is the former chairman of Capital One. He stepped down from the role in 2020 but remains a significant shareholder.
7. What is Rich Fairbank’s philanthropic work like?
Rich Fairbank and his wife, Rhiannon, have been involved in various philanthropic activities. They have donated to causes related to education, healthcare, and community development through their Fairbank Foundation.
8. Does Rich Fairbank have any children?
Yes, Rich Fairbank has three children with his wife, Rhiannon.
9. Where does Rich Fairbank live?
Rich Fairbank lives in McLean, Virginia, near Washington, D.C.
10. What is Rich Fairbank’s investment style?
Rich Fairbank is known for his data-driven approach to business and investing. He has used advanced analytics and marketing strategies to drive Capital One’s growth and success.
