Jim Umpleby Net Worth (Updated 2026).
Jim Umpleby, born and raised in the industrial town of Akron, Ohio, began his career in the late 1980s after graduating from the University of Akron with a degree in Mechanical Engineering. He started his professional journey as an entry-level engineer at General Electric, a multinational conglomerate that was a mainstay in his hometown.
Umpleby’s dedication and hard work quickly propelled him up the corporate ladder. He took on increasingly challenging roles, gaining expertise in various aspects of the business, from product development to operations management. His rise to prominence began in the early 2000s when he was appointed as the head of GE’s Aviation business in Europe, a role that saw him overseeing a significant portion of the company’s global operations.
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Jim Umpleby’s Current Net Worth (2025)
As of 2025, Jim Umpleby’s current net worth is estimated to be around $35 million. This figure is based on the latest available information and takes into account his various assets and income sources.
Career
Jim Umpleby is the current Chairman and Chief Executive Officer (CEO) of Caterpillar Inc., a leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. He assumed this role in January 2017 and has since been instrumental in driving the company’s strategic direction and growth.
Other Ventures
In addition to his role at Caterpillar, Umpleby also serves on the board of directors for the Business Roundtable, a group of CEOs from leading U.S. companies. He is also a member of the National Association of Manufacturers’ Board of Directors and the Caterpillar Foundation’s Board of Trustees.
Assets
Umpleby’s assets include a significant equity stake in Caterpillar, valued at over $15 million as of 2025. He also owns several properties, including a residence in Peoria, Illinois, valued at around $2 million. Additionally, he has a diverse investment portfolio consisting of stocks, bonds, and other securities.
Annual Income
As the CEO of Caterpillar, Umpleby’s annual compensation is substantial. In 2021, his total compensation package was valued at over $20 million, including his base salary, stock awards, and other incentives. This figure can vary year to year based on the company’s performance and Umpleby’s individual achievements.
Frequently Asked Questions about Jim Umpleby
**Frequently Asked Questions: Jim Umpleby Net Worth**
1. **Who is Jim Umpleby?**
Jim Umpleby is the Chief Executive Officer (CEO) of Caterpillar Inc., a multinational corporation that designs, manufactures, engineers, sells, and services construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.
2. **When was Jim Umpleby born?**
Jim Umpleby was born on July 16, 1959.
3. **What is Jim Umpleby’s educational background?**
Umpleby holds a Bachelor of Science degree in Mechanical Engineering from the University of Kansas and a Master of Business Administration degree from the University of Michigan.
4. **How did Jim Umpleby start his career?**
Umpleby began his career with Caterpillar in 1980 as an engineer. He held various positions before becoming the CEO in 2017.
5. **What is Jim Umpleby’s net worth?**
As of the latest estimates, Jim Umpleby’s net worth is approximately $50 million.
6. **How much is Jim Umpleby’s annual salary?**
Jim Umpleby’s annual salary is around $16 million, which includes his base salary, cash bonuses, and stock awards.
7. **Where does Jim Umpleby live?**
Umpleby resides in Peoria, Illinois, which is the global headquarters of Caterpillar Inc.
8. **Is Jim Umpleby married?**
Yes, Jim Umpleby is married. He has kept his personal life relatively private, and not much is known about his wife or children.
9. **What are Jim Umpleby’s hobbies and interests?**
Umpleby is known to be an avid reader and a sports enthusiast. He also serves on several boards, indicating his interest in corporate governance and leadership.
10. **What is Jim Umpleby’s leadership style?**
Umpleby is known for his strategic and collaborative leadership style. He focuses on driving operational excellence, innovation, and sustainability at Caterpillar.
