Phebe Novakovic Net Worth (Updated 2026).

Phebe Novakovic, born in 1964, began her career in the finance sector, graduating from the University of Chicago with a degree in economics. She started her professional journey at Goldman Sachs, where she honed her skills in mergers and acquisitions. Her talent and dedication caught the attention of her superiors, leading to her becoming a partner at the firm, one of the youngest at the time.

In 2013, Novakovic made a significant shift in her career when she was appointed as the CEO of General Dynamics, a major aerospace and defense company. Her appointment was notable as she was the first woman to lead a top-five U.S. defense contractor. Her leadership at General Dynamics has been marked by strategic acquisitions and a focus on innovation, further cementing her reputation in the industry.

Phebe Novakovic’s Current Net Worth (2025)

As of 2025, Phebe Novakovic’s net worth is estimated to be around $100 million, according to Forbes. This significant wealth can be attributed to her successful career in the defense industry.

Career

Phebe Novakovic is the current CEO of General Dynamics, a leading aerospace and defense company. She joined General Dynamics in 2004 and has since held various leadership roles. In 2012, she became the first woman to lead a major defense contractor when she was appointed CEO.

Other Ventures

In addition to her role at General Dynamics, Novakovic serves on the board of directors for several other companies, including the National Association of Manufacturers and the Peterson Institute for International Economics. She is also a member of the Council on Foreign Relations.

Assets

Novakovic’s assets include a significant stake in General Dynamics stock, valued at over $50 million as of 2025. She also owns several properties, including a home in McLean, Virginia, valued at around $2 million.

Annual Income

As the CEO of General Dynamics, Novakovic’s annual income is substantial. In 2020, she received a total compensation of $21.5 million, including her base salary, stock awards, and other incentives. Her annual income has consistently been in the tens of millions of dollars during her tenure as CEO.

Frequently Asked Questions about  Phebe Novakovic

Frequently Asked Questions: Phebe Novakovic Net Worth

1. What is Phebe Novakovic’s net worth?

Phebe Novakovic’s net worth is estimated to be around $200 million.

2. How did Phebe Novakovic make her money?

Phebe Novakovic made her fortune as the CEO of General Dynamics, a leading aerospace and defense company. She also serves on the boards of several other prominent corporations.

3. When was Phebe Novakovic born?

Phebe Novakovic was born on September 21, 1958.

4. What is Phebe Novakovic’s educational background?

Novakovic holds a Bachelor of Arts degree in Economics from the University of Michigan and a Master of Business Administration degree from the Stanford Graduate School of Business.

5. How long has Phebe Novakovic been the CEO of General Dynamics?

Phebe Novakovic has been the CEO of General Dynamics since January 1, 2013.

6. What other companies does Phebe Novakovic serve on the board of?

Novakovic serves on the boards of The Boeing Company, The Walt Disney Company, and the Federal Reserve Bank of Richmond.

7. What awards has Phebe Novakovic received?

Novakovic has received several awards, including the “CEO of the Year” award from the National Association of Manufacturers in 2019 and the “Women’s Leadership Award” from the Women’s Forum of New York in 2018.

8. What is Phebe Novakovic’s philanthropic work like?

Novakovic is known for her philanthropic work, particularly in the areas of education and healthcare. She serves on the board of trustees of her alma mater, the University of Michigan, and has made significant donations to the university.

9. What is Phebe Novakovic’s leadership style?

Novakovic is known for her strategic and inclusive leadership style. She emphasizes collaboration, innovation, and a strong focus on long-term growth.

10. What are Phebe Novakovic’s interests outside of her professional career?

Outside of her professional career, Novakovic enjoys reading, hiking, and spending time with her family. She is also an avid supporter of the arts and serves on the board of the Kennedy Center for the Performing Arts.