Hubert Joly Net Worth (Updated 2025).
Hubert Joly began his career in France, where he earned an MBA from HEC Paris before diving into the world of consulting. He joined McKinsey & Company in the early 1980s, quickly establishing himself as a sharp strategist with a knack for turning around struggling businesses. His reputation grew as he took on leadership roles at Vivendi and EDS, where he honed his ability to revitalize companies through operational efficiency and customer-centric approaches. By the time he became CEO of Carlson, a global hospitality and travel giant, Joly had already built a track record of transforming organizations with pragmatic, people-first leadership.
Joly’s fame skyrocketed when he took the helm at Best Buy in 2012, stepping in to save the electronics retailer from near-collapse. Instead of focusing solely on cost-cutting, he championed a bold strategy called “Renew Blue,” which empowered employees, improved customer service, and leveraged Best Buy’s physical stores to compete with online rivals. His unconventional yet effective methods not only saved the company but also turned it into a retail success story. Joly’s hands-on leadership and emphasis on purpose-driven business practices earned him widespread acclaim, solidifying his legacy as a visionary turnaround expert.
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Hubert Joly’s Net Worth in 2025
As of 2025, Hubert Joly’s estimated net worth is around $50 million. This figure reflects his earnings from his executive roles, board positions, and investments. While exact details of his finances aren’t public, his wealth stems from decades of leadership in major corporations. His net worth highlights his success in turning around struggling businesses, most notably Best Buy.
Career
Hubert Joly is best known for his transformative tenure as CEO of Best Buy from 2012 to 2019, where he revitalized the company. Before that, he held leadership roles at Carlson and Vivendi. A Harvard Business School graduate, Joly specializes in corporate turnarounds and operational excellence. He now serves as a senior lecturer at Harvard and sits on multiple boards, including Johnson & Johnson.
Other Ventures
Beyond corporate leadership, Joly is active in academia and advisory roles. He teaches at Harvard Business School and serves on the boards of Ralph Lauren and the Business Roundtable. He’s also a sought-after speaker on leadership and business strategy. His book, “The Heart of Business,” outlines his philosophy on ethical leadership and corporate success.
Assets
Joly’s assets likely include real estate, stock holdings, and other investments tied to his corporate roles. While specifics aren’t public, his board positions and speaking engagements suggest diversified holdings. His Minnesota ties hint at property investments, but he maintains a private profile regarding personal assets.
Annual Income
Joly’s annual income varies based on board compensations, speaking fees, and academic roles. As a former Fortune 500 CEO and current director at major firms, he likely earns millions yearly. His Harvard salary and book royalties add to this, though exact figures remain undisclosed.
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Frequently Asked Questions about Hubert Joly
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What is Hubert Joly’s net worth?
Hubert Joly’s net worth is estimated to be in the range of $20 million to $50 million, primarily accumulated through his executive roles, including his tenure as CEO of Best Buy.
How did Hubert Joly make his money?
Hubert Joly earned his wealth through his successful corporate career, particularly as the former CEO of Best Buy, where he led a major turnaround. He also held executive positions at Carlson and other companies.
What was Hubert Joly’s salary at Best Buy?
During his time as CEO of Best Buy, Hubert Joly’s annual compensation package was reported to be around $10 million, including base salary, bonuses, and stock options.
Is Hubert Joly still involved with Best Buy?
No, Hubert Joly stepped down as CEO of Best Buy in 2019 but remained as Executive Chairman until June 2020. He has since focused on teaching, writing, and advisory roles.
What other companies has Hubert Joly worked for?
Before Best Buy, Hubert Joly held leadership roles at Carlson (now Radisson Hotel Group), Vivendi, and EDS (Electronic Data Systems). He also served on several corporate boards.
Does Hubert Joly have any business ventures outside of corporate leadership?
Yes, Hubert Joly is a senior lecturer at Harvard Business School, an author, and a speaker on leadership and corporate transformation. He also serves on the boards of companies like Johnson & Johnson.
Has Hubert Joly written any books?
Yes, Hubert Joly authored “The Heart of Business: Leadership Principles for the Next Era of Capitalism,” which discusses his leadership philosophy and the Best Buy turnaround.
What is Hubert Joly’s educational background?
Hubert Joly holds an MBA from HEC Paris and a degree in law and economics from the University of Paris. He also completed executive education programs at Harvard and Stanford.
What philanthropic efforts is Hubert Joly involved in?
Hubert Joly supports various educational and leadership initiatives. He is associated with Harvard Business School’s social enterprise programs and has contributed to nonprofit organizations.
What is Hubert Joly’s leadership philosophy?
Hubert Joly emphasizes purpose-driven leadership, employee empowerment, and customer-centric strategies. His approach focuses on long-term value creation over short-term profits.
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