Last updated: 7 June 2024 at 3:54pm EST

Richard Sarnoff Net Worth




The estimated Net Worth of Richard Sarnoff is at least $806 Thousand dollars as of 9 December 2021. Mr. Sarnoff owns over 136,921 units of Chegg Inc stock worth over $397,983 and over the last 19 years he sold CHGG stock worth over $0. In addition, he makes $408,053 as Independent Co-Chairman of the Board at Chegg Inc.

Mr. Sarnoff CHGG stock SEC Form 4 insiders trading

Richard has made over 5 trades of the Chegg Inc stock since 2006, according to the Form 4 filled with the SEC. Most recently he exercised 136,921 units of CHGG stock worth $1,236,397 on 9 December 2021.

The largest trade he's ever made was exercising 138,334 units of Chegg Inc stock on 26 February 2014 worth over $1,043,038. On average, Richard trades about 11,556 units every 165 days since 2005. As of 9 December 2021 he still owns at least 207,283 units of Chegg Inc stock.

You can see the complete history of Mr. Sarnoff stock trades at the bottom of the page.





Richard Sarnoff biography

Richard Sarnoff serves as Independent Co-Chairman of the Board of the Company. Since July 2014, Mr. Sarnoff has served as the Managing Director and Head of the Media & Communications industry team for the Private Equity platform of Kohlberg Kravis Roberts & Company, a private equity firm, and since January 2018 has served as Partner and Chairman of that team. From 2012 to 2014, Mr. Sarnoff was a Senior Adviser to Kohlberg Kravis Roberts & Company. Prior to that role, Mr. Sarnoff was employed by Bertelsmann AG, a diversified media and services company, where he served as the Co-Chairman of Bertelsmann, Inc., from 2008 to 2011, the President of Bertelsmann Digital Media Investments from 2006 to 2011, and the Executive Vice President and Chief Financial Officer of Random House, a subsidiary of Bertelsmann, from 1998 to 2006. Mr. Sarnoff also served as a member of the supervisory board of Bertelsmann from 2002 to 2008 and served as a member of the Board of Directors of The Princeton Review from 2000 to 2009, of Audible Inc. from 2001 to 2008, and of Amdocs Limited from 2009 to 2011. Mr. Sarnoff currently serves on the Board of Directors of several privately held companies. Mr. Sarnoff holds a B.A. in Art and Archeology from Princeton University and an M.B.A. from Harvard Business School.

What is the salary of Richard Sarnoff?

As the Independent Co-Chairman of the Board of Chegg Inc, the total compensation of Richard Sarnoff at Chegg Inc is $408,053. There are 10 executives at Chegg Inc getting paid more, with Daniel Rosensweig having the highest compensation of $9,131,070.



How old is Richard Sarnoff?

Richard Sarnoff is 61, he's been the Independent Co-Chairman of the Board of Chegg Inc since 2018. There are 2 older and 12 younger executives at Chegg Inc. The oldest executive at Chegg Inc is Esther Lem, 65, who is the Chief Marketing Officer.

What's Richard Sarnoff's mailing address?

Richard's mailing address filed with the SEC is C/O CHEGG, INC., 3990 FREEDOM CIR, SANTA CLARA, CA, 95054.

Insiders trading at Chegg Inc

Over the last 11 years, insiders at Chegg Inc have traded over $202,552,786 worth of Chegg Inc stock and bought 308,805 units worth $3,430,422 . The most active insiders traders include Daniel Rosensweig, Ltd Ace Holdings Management..., and Jeffrey T Housenbold. On average, Chegg Inc executives and independent directors trade stock every 14 days with the average trade being worth of $123,051. The most recent stock trade was executed by Nathan J. Schultz on 12 December 2023, trading 1,350 units of CHGG stock currently worth $14,054.



What does Chegg Inc do?

about chegg: as the leading student-first connected learning platform, chegg's student hub makes higher education more affordable and more accessible, all while improving student outcomes. chegg is a publicly-held company based in santa clara, ca with offices in san francisco, new york, portland, india, israel, berlin, and ukraine. chegg student hub services includes; chegg study, tutoring, writing tools, math help, test prep, careers search, internship admissions, and college admissions. video shorts - life at chegg: https://jobs.chegg.com/video-shorts-chegg-services certified great place to work!: http://reviews.greatplacetowork.com/chegg for more information: https://jobs.chegg.com/ chegg is an equal opportunity employer



What does Chegg Inc's logo look like?

Chegg Inc logo

Complete history of Mr. Sarnoff stock trades at Activision Blizzard Inc and Chegg Inc

Date
#
Company
Insider
Trans.
Transaction
Shares Price per share Total value Shares after Source
9 Dec 2021 Richard Sarnoff
Director
Option 136,921 $9.03 $1,236,397
9 Dec 2021
207,283
13 May 2020 Richard Sarnoff
Director
Option 66,666 $7.88 $525,328
13 May 2020
126,746
15 Feb 2019 Richard Sarnoff
Director
Option 39,999 $2.68 $107,197
15 Feb 2019
90,767
26 Feb 2014 Richard Sarnoff
Director
Option 138,334 $7.54 $1,043,038
26 Feb 2014
131,492
7 Aug 2006 Richard Sarnoff
Director
Buy 11,000 $12.48 $137,280
7 Aug 2006
11,000


Chegg Inc executives and stock owners

Chegg Inc executives and other stock owners filed with the SEC include: