Arne Sorenson is a former president and CEO of Marriott International in the United States. Arne Sorenson was a member of the Microsoft Corporation and Walmart boards of directors, as well as the Brookings Institution.
How much is the Net Worth of Arne Sorenson in 2022?
His net worth was reported to be around $181 million at the time of his death. He holds over 100,000 Marriott International stock units valued over $137,218,648 and has sold MAR shares worth $30,616,122 during the last 16 years. He also makes $13,435,900 at Marriott International as President, Chief Executive Officer, and Director.
Wikis of Arne Sorenson
|Celebrated Name||Arne Sorenson|
|Nick Name||Arne Sorenson|
|Birth Name||Arne Morris Sorenson|
|Place Of Birth||Tokyo|
|College / University||Luther College|
|University||University of Minnesota Law School|
|Children||4; Astri, Esther, Isaac, and Lars|
|Net Worth||$142 Million|
|Source of Wealth||Being an hotel executive|
|Hair Color||Salt and Pepper|
|Eye Color||Dark Brown|
|Cause Of Death||Pancreatic Cancer|
|Death Date||15th February 2021|
Arne Sorenson-Age, Birthday & Parents
Arne Sorenson was born on October 13, 1958, in Tokyo, Japan. He is of Japanese-white heritage and descends from Japanese-Americans. Similarly, his zodiac sign is Libra, and he practices Christianity. His father, Morris Bo Sorenson, Jr., was a Lutheran pastor in Japan when he was born.
Dorothy Austin, his mother, was a public school teacher. Arne’s family relocated to the United States when he was seven years old. Sorenson was born and raised in Saint Paul, Minnesota.
Arne Sorenson Education
In terms of his schooling, he graduated from Luther College in 1980 with degrees in business and religion. In 1983, he completed his J.D. at the University of Minnesota Law School. Arne formerly worked as the chief operational officer of Marriott and studied at Latham & Watkins in Washington, D.C.
Arne Sorenson Height And Weight
His exact height and other bodily dimensions are not known to the general public. He has dark brown eyes and black hair as well.
Arne Sorenson Wife, Marriage
Arne Sorenson was a married man when it came to his love and private life. Ruth Christenson and he married in the year 1984. Ruth worked at her family’s ice cream store in Decorah, Iowa, while Sorenson was at Luther College. Astri, Esther, Isaac, and Lars were their four children. Furthermore, until his death, Arne was not involved in any scandal or rumors.
Arne Sorenson Death
Arne was diagnosed with stage II pancreatic cancer in 2019 and was undergoing treatment at Johns Hopkins Hospital. On February 2, 2021, the corporation stated that he would reduce his working hours to allow for treatment and family time. Sadly, Sorenson died of pancreatic cancer on February 15, 2021, at the age of 62.
Career and Professional Life
Arne Sorenson began his career as a partner at the law firm Latham & Watkins in Washington, D.C., where he specialized on mergers and acquisitions. Then, as a senior vice president, Sorenson was responsible for company development as well as mergers and acquisitions.
He also oversaw the $1 billion purchase of Renaissance Hotels by the firm. He was appointed to the positions of chief financial officer and chief operating officer. He also becomes president and chief executive officer in the year 2012. This individual was the company’s first CEO who was not a member of the Marriott family.
Similarly, he was named CEO of the company following the $13 billion acquisition of Starwood Hotel Resorts Worldwide, which transformed it into the world’s largest hotel chain with more than 30 hotel brands including Sheraton, W Hotels, Ritz-Carlton, Westin, and others.
In 2018, a security breach exposed the personal information of approximately 300 million people, including credit card numbers, passport numbers, and other identifying information. He further stated that during the COVID-19 pandemic, he would not accept any pay.
Chief Executive Magazine named him for ‘CEO of the Year’ in 2019. Sorenson was also awarded the ‘CEO for All Leadership Award’ by Great Place to Work for the year 2020.