Cummins Inc., a name synonymous with dependable power, traces its roots back to 1919 when it was founded by Clessie L. Cummins in Columbus, Indiana. Born into a family of inventors, Cummins’ passion for engines was ignited at an early age, leading him to study mechanical engineering at the University of Illinois. After graduation, he worked for various companies, gaining valuable experience in engine design and manufacturing.

In 1919, Cummins decided to venture out on his own, establishing the Cummins Engine Company. His first major breakthrough came in 1933 when he developed the Model H, a high-speed diesel engine that revolutionized the industry. This engine, known for its durability and reliability, propelled Cummins to fame and laid the foundation for the company’s future success.

Cummins’s Net Worth in 2025

As of 2025, Cummins’s net worth is estimated to be around $1.5 billion, according to the latest available information.

Cummins’s Career

Cummins, born in 1951, is an American businessman and philanthropist. He co-founded the software company Qualcomm in 1985 and served as its CEO from 1985 to 2005. He then became the executive chairman until 2014 and has been the chairman of the board since then.

Other Ventures

Cummins is also an active investor in various tech startups. He co-founded the venture capital firm Venrock in 1969 and has invested in companies like Uber, Airbnb, and Snapchat. Additionally, he serves on the boards of several public companies.

Assets

Cummins’s assets include a significant stake in Qualcomm, which he co-founded. He also owns a variety of real estate, including homes in La Jolla, California, and Vail, Colorado. His art collection is another notable asset, featuring works by artists like Roy Lichtenstein and David Hockney.

Annual Income

As of 2021, Cummins’s annual income is estimated to be around $10 million. This includes his salary as the chairman of Qualcomm, as well as income from his investments and other business ventures.

Frequently Asked Questions about  Cummins

What is Cummins’ net worth?

Cummins’ net worth is estimated to be around $25 billion.

Who is the founder of Cummins?

Clarence Cummins founded the company in 1919.

Where is Cummins headquarters located?

The company’s headquarters is in Columbus, Indiana, USA.

What does Cummins produce?

Cummins produces engines, related components, and power generation products.

Which industries does Cummins serve?

Cummins serves a wide range of industries including truck and bus, mining, marine, rail, and power generation.

How many employees does Cummins have?

Cummins employs over 54,000 people worldwide.

What is Cummins’ revenue?

Cummins’ annual revenue is approximately $23.8 billion.

Is Cummins a public company?

Yes, Cummins is a public company listed on the New York Stock Exchange (NYSE) under the ticker symbol CMI.

What are some of Cummins’ notable products?

Some of Cummins’ notable products include the Cummins B Series and C Series engines, as well as their power generation products like the Cummins Power Generation C Series.

Where are Cummins’ manufacturing facilities located?

Cummins has manufacturing facilities in various countries around the world, including the United States, United Kingdom, India, and China.