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Marcelo Claure Net Worth

What is Marcelo Claure’s Net Worth in 2024?

Marcelo Claure is an investor and billionaire in the IT industry with a net worth of $1.3 billion. Marcelo Claure is the CEO and founder of Claure Group. He has held senior positions at numerous businesses, including Shein, SoftBank Group, and Sprint, among many others. Claure is also active in the sports sector. He co-owns Girona FC, a Spanish professional football team, and owns Club Bolívar, a Bolivian professional football team.

The most well-known aspect of Marcelo Claure’s career was his work at Masayoshi Son’s Softbank during WeWork and its founder Adam Neumann’s collapse. For $1.3 billion, Softbank acquired 57% of its telecom startup Brightstar in 2013, valuing the company at $2.2 billion overall. At that estimate, the remaining 42% of Claure was valued on paper at almost $1 billion. Marcelo oversaw Brightstar’s complete acquisition by Sprint a year later. Then, he was appointed CEO of Sprint. Brightstar was the biggest Hispanic-owned company in the US at the time of this transaction, bringing in $10 billion annually.

Softbank Salary Of Marcelo Claure

Marcelo was regularly among Japan’s top-paid business leaders at Softbank. Usually, he made about $20 million a year. According to reports, Marcelo asked for a multi-year contract in December 2021 that would have paid him up to $2 billion. Softbank allegedly made a counteroffer worth tens of millions of dollars. It should come as no surprise that he established the Claure Group, his own company, a few months later. He was given a severance deal of an estimated $94 million upon leaving, which included a payout of $47 million and possible incentive payments in the future.

Early Life Of Marcelo Claure

On December 9, 1970, Raul Marcelo Claure Bedoya was born in Guatemala to Bolivian parents. He and his family relocated to Morocco when he was two years old and later to the Dominican Republic. After a while, the family made their home in La Paz, Bolivia, where Claure was raised for the most part. He received his education in the American Cooperative School of La Paz, where he graduated in 1989, and at the Instituto Domingo Savio. Claure attended the University of Lowell in Lowell, Massachusetts, for his undergraduate studies before moving to Bentley College in Waltham. He earned a bachelor’s degree in economics and finance from Bentley.

Life Of Marcelo Claure

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Career Beginnings Of Marcelo Claure

Claure returned to La Paz after completing his undergraduate education and took a position as the Bolivian Football Federation’s chief of business operations. Returning to the US in 1995, he bought the USA Wireless cell phone store, built it up, and sold it the following year. After that, Claure was appointed president of Small World Communications, a communications firm headquartered in California. He served in that capacity for two years before the company relocated to Miami, Florida.

Brightstar and Sprint Of Marcelo Claure

In 1997, Claure established Brightstar, a wireless communications company, in Miami, and became CEO. At first, he focused on the Latin American market. Motorola and Brightstar signed a distribution contract in 2001 for all of Latin America; in 2007, the two firms expanded their distribution arrangement to include the entire world.

Claure sold Softbank 57% of Brightstar in 2013 for a $2.2 billion valuation. He oversaw Brightstar’s sale to Sprint Corporation a year later. On August 11, 2014, following several months of service on the board of directors, he was appointed president and CEO of Sprint. Through 2018, Claure was acknowledged for spearheading a company turnaround that resulted in the addition of more than two million customers and the first positive net profitability for Sprint in more than ten years. Following his tenure as CEO, Claure oversaw Sprint’s merger with T-Mobile while serving as executive chairman from 2018 to 2020. He later was elected to the combined company’s board of directors.

Sports Team Ownership

Football is one of the sports in which Claure is heavily active. He founded an organization in 2008 that acquired Club Bolívar, the professional football team in Bolivia. Afterward, in 2012, Claure joined forces with David Beckham and Simon Fuller to form Miami Beckham United, which became the new home of Inter Miami CF, a Miami Major League team. In addition, Claure is a co-owner of Girona FC, a professional football team in Spain.

Philanthropy Of Marcelo Claure

Regarding philanthropy, in 2008, Claure helped Nicholas Negroponte launch the nonprofit organization One Laptop Per Child. The organization aimed to give underprivileged elementary school pupils inexpensive laptop computers. To provide disadvantaged children in the US with accessible computer and Internet access, Claure established the 1Million Project Foundation in 2016 in collaboration with Sprint. Project 10Million was the new name for the effort after Sprint and T-Mobile merged.

Personal Life Of Marcelo Claure

Jordan Engard and Claure were married in 2005. They have two sons and four daughters together. Claure’s previous marriage produced a son and a daughter as well.

Conclusion

In conclusion, Marcelo Claure’s net worth reflects his remarkable journey from a young entrepreneur to a titan of industry. His relentless pursuit of excellence and commitment to making a difference serve as inspiration to aspiring entrepreneurs worldwide.

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