David Cote Net Worth (Updated 2025).
David Cote, a name that has become synonymous with success in the world of business, began his career in an unassuming yet strategic manner. Born and raised in a middle-class family, Cote’s journey began at the prestigious Harvard Business School, where he earned his MBA. Upon graduation, he didn’t immediately seek out the limelight or the most lucrative offers. Instead, he chose to start at the bottom, taking on an entry-level position at General Electric, a decision that would later prove to be a pivotal step in his rise to fame.
Cote’s climb up the corporate ladder was steady, marked by a series of promotions that saw him take on increasingly challenging roles. He honed his skills in various departments, from finance to operations, always seeking out new challenges and learning opportunities. His dedication, coupled with his sharp mind and strategic thinking, didn’t go unnoticed. He caught the attention of the then CEO, Jack Welch, who took Cote under his wing, mentoring him and providing him with opportunities to prove himself. This mentorship would prove invaluable, as it was Welch who would later recommend Cote for the position that would catapult him to fame: the CEO of Honeywell International.
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David Cote’s Current Net Worth (2025)
As of 2025, David Cote’s net worth is estimated to be around $120 million, according to the latest available information. This significant wealth is largely attributed to his successful career in the business world, particularly his tenure as the CEO of Honeywell International.
Career
David Cote, born in 1954, is a prominent American businessman. He served as the Chairman and CEO of Honeywell International from 2002 to 2017. Under his leadership, Honeywell’s market capitalization grew from $20 billion to $120 billion. Prior to Honeywell, Cote held various executive positions at General Electric.
Other Ventures
Beyond Honeywell, Cote has been involved in several other ventures. He is a co-founder of the investment firm Serent Capital and serves on the board of directors for various companies, including Apple Inc. He is also a philanthropist, having established the David C. Cote Foundation to support education and community initiatives.
Assets
Cote’s assets include a significant stake in Honeywell International, as well as investments in other companies. He owns multiple properties, including a residence in Darien, Connecticut, valued at around $7 million. Cote also has a diverse investment portfolio, consisting of stocks, bonds, and other securities.
Annual Income
During his time at Honeywell, Cote’s annual income was substantial. In 2016, his total compensation was $23.5 million, including salary, stock awards, and other incentives. However, his current annual income is not publicly disclosed, as he is no longer an active CEO. His income from other ventures and investments is also not publicly available.
Frequently Asked Questions about David Cote
**Frequently Asked Questions: David Cote Net Worth**
1. **What is David Cote’s net worth?**
David Cote’s net worth is estimated to be around $100 million.
2. **How did David Cote make his money?**
David Cote made his fortune through his successful career in business. He served as the CEO of Honeywell International from 2002 to 2017, where he significantly increased the company’s value.
3. **What is David Cote’s annual salary?**
As of his last year at Honeywell, David Cote’s annual salary was reported to be around $21 million.
4. **What other businesses has David Cote been involved in?**
After leaving Honeywell, Cote has been involved in several other businesses. He currently serves on the boards of several companies, including General Electric and Duke Energy.
5. **Does David Cote have any philanthropic endeavors?**
Yes, David Cote is known for his philanthropic work. He has donated to various causes, including education and healthcare, and has also been involved in initiatives to promote economic development.
6. **Where does David Cote live?**
David Cote resides in New Jersey, USA.
7. **Is David Cote married?**
Yes, David Cote is married. He has kept his personal life relatively private, so not much is known about his spouse or family.
8. **What is David Cote’s educational background?**
David Cote holds a Bachelor of Science degree in Mechanical Engineering from the University of Pennsylvania and a Master of Business Administration from the Harvard Business School.
9. **What awards has David Cote won?**
David Cote has received several awards for his contributions to business, including the Chief Executive Leadership Award and the Thomas Edison Award for Innovation.
10. **What is David Cote’s nationality?**
David Cote is an American national.
