Ken Lewis, born Kenneth D. Lewis, began his career in the banking industry in the early 1970s. After graduating from the University of North Carolina at Chapel Hill with a degree in business administration, he started as a management trainee at the now-defunct Bankers Trust Company in New York City. Lewis quickly climbed the ranks, demonstrating exceptional leadership and strategic thinking, which eventually led to his appointment as the bank’s CEO in 1998.

In 2008, Lewis made headlines when he orchestrated one of the most significant mergers in banking history. He led Bank of America’s acquisition of Merrill Lynch, making it the world’s largest wealth manager. This deal, however, was finalized just days before the collapse of Lehman Brothers, thrusting Lewis and Bank of America into the heart of the 2008 financial crisis. Despite the challenges that followed, Lewis’ reputation as a formidable dealmaker and industry leader had already been solidified.

Ken Lewis’s Current Net Worth (2025)

As of 2025, Ken Lewis’s current net worth is estimated to be around $150 million, according to the latest available information.

Career

Ken Lewis is a prominent figure in the banking industry, known for his tenure as the CEO of Bank of America from 2001 to 2009. He played a significant role in the bank’s acquisition of Merrill Lynch in 2008, which was one of the largest financial deals at the time. Before joining Bank of America, Lewis held various executive positions at other major financial institutions.

Other Ventures

After retiring from Bank of America, Lewis has been involved in several other ventures. He currently serves on the board of directors for several companies, including General Dynamics and Duke Energy. He also co-founded and serves as the chairman of a private equity firm, Lewis Group, which focuses on investments in the financial services industry.

Assets

Lewis’s assets include a significant stake in Bank of America, as well as investments in various other companies. He also owns several properties, including a home in Charlotte, North Carolina, valued at over $3 million. Additionally, Lewis is known to have a collection of vintage cars, which are estimated to be worth millions of dollars.

Annual Income

As a retired CEO and board member of several companies, Lewis’s annual income comes from various sources. His compensation as a board member for General Dynamics and Duke Energy was over $400,000 in 2020. Additionally, he likely receives income from his investments and Lewis Group. However, the exact figure of his annual income is not publicly disclosed.

Frequently Asked Questions about  Ken Lewis

Frequently Asked Questions: Ken Lewis Net Worth

1. What is Ken Lewis’ net worth?

Ken Lewis’ net worth is estimated to be around $100 million.

2. How did Ken Lewis make his money?

Ken Lewis made his fortune primarily through his career in banking. He served as the CEO and Chairman of Bank of America from 2001 to 2009, during which time he oversaw the company’s acquisition of Merrill Lynch.

3. What is Ken Lewis’ background?

Ken Lewis was born in 1946 and graduated from the University of North Carolina at Chapel Hill with a degree in business administration. He began his career at Bank of America in 1969 and worked his way up the ranks over the next four decades.

4. What are some of Ken Lewis’ notable achievements?

Some of Ken Lewis’ notable achievements include leading Bank of America through the financial crisis of 2008 and overseeing the company’s acquisition of Merrill Lynch, which was one of the largest mergers in banking history at the time.

5. What is Ken Lewis’ current role at Bank of America?

Ken Lewis retired from Bank of America in 2009 and is no longer involved with the company.

6. What is Ken Lewis’ political affiliation?

Ken Lewis is a registered Democrat.

7. What is Ken Lewis’ stance on the 2008 financial crisis?

Ken Lewis has been criticized for his role in the 2008 financial crisis, particularly for his decision to acquire Merrill Lynch on the eve of the crisis. However, he has maintained that the acquisition was in the best interests of Bank of America’s shareholders.

8. What is Ken Lewis’ philanthropic work like?

Ken Lewis is known for his philanthropic work, particularly in the areas of education and healthcare. He has donated millions of dollars to various charitable causes over the years.

9. What are some of Ken Lewis’ hobbies and interests?

Ken Lewis is an avid golfer and has been known to play with former President Barack Obama. He is also a fan of the University of North Carolina Tar Heels basketball team.

10. What is Ken Lewis’ family life like?

Ken Lewis is married and has two children. He has kept his family life relatively private and does not often discuss it in public forums.