Richard Fairbank Biography
Richard Fairbank is an American prominent billionaire businessman. He founded Capital One with Nigel Morris in 1994. Fairbank is a non-executive director of MasterCard International and the chairman of its U.S. region board of directors.
Furthermore, he is a member of the Stanford Business School advisory council, the Financial Services Roundtable, and the board of directors of the BITS Technology Forum.
Fairbank has been awarded Washingtonian’s “Business Leader of the Year”, Worth’s list of the top 10 CEOs and “50 Best CEOs”, Future Banker’s list of “influential personalities in financial services”, Credit Card Management’s “Entrepreneur of the Year”; and The Gartner Group’s “Excellence in Technology.”
Richard Fairbank Age
Born Richard Dana Fairbank on September 18, 1950. He is 73 years old as of 2023.
Richard Fairbank Wife | Kids
He is married to Chris Fairbank and together they have eight children.
Richard Fairbank Net worth
His net worth, including current equity holdings, is about $1.1 billion USD, according to the Bloomberg Billionaires Index.
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Richard Fairbanks Foundation
The Richard M. Fairbanks Foundation, Inc. was established in 1986 by Richard M. (“Dick”) Fairbanks, the founder, and owner of Fairbanks Communications, Inc., a privately held company.
Fairbanks Foundation continues to focus its grantmaking in Indianapolis and in the area of Health as well as the Vitality of Indianapolis that emerged during Dick Fairbanks’s tenure as President of the Foundation. The funding themes within each focus area continuously evolve to reflect lessons learned from prior grants and the changing local and national environment.
Richard Fairbanks photo
Richard Fairbanks School Of Public Health
The Council on Education for Public Health (CEPH) fully accredited The Fairbanks School of Public Health. The school is dedicated to the pursuit of health for all people. Also, they are committed to ensuring that their programs are rigorous, intellectually challenging, and rewarding to all.
Education
In 1972, Fairbank earned a bachelor’s degree in economics from Stanford University. Later he earned an MBA from the Stanford Graduate School of Business in 1981, where he graduated first in his class. Again, Richard received the excellence in leadership award from the University in 2006.
Career
Richard Fairbank founded Capital One in 1988 with his colleague, Nigel Morris, the company’s current Vice-Chairman.
Mr. Fairbank shaped the idea that would ultimately become Capital One’s hallmark – its Information-Based Strategy (IBS). Moreover, Mr. Fairbank and Mr. Morris implemented IBS by integrating the traditionally separate functions of marketing, credit, risk operations, and information technology into one flexible decision-making structure. Therefore it enables Capital One to offer financial services tailored to fit each customer’s individual needs.
In 2009 while a CEO of Capital One Financial he earned a total of $6,076,805, which included no base salary, no cash bonus, $2,000,019 in stock awards, $4,000,001 in option awards, and $76,785 in other compensation.
Fairbank’s total compensation was $22.6 million in 2012. Since 1997, he has received a base salary of zero dollars. However, in January 2018, Capital One’s share price reached a high record. As a result, Fairbank’s net worth rose to about $1.1 billion.
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Last Updated On:6th January 2023