Timothy M. “Tim” Armstrong’s net worth comes to $400 million
The Story of Timothy M. “Tim” Armstrong
Timothy M. Armstrong, born on December 21, 1971, in Riverside, Connecticut, USA, is a business executive. He currently holds the positions of Chairman and CEO at AOL, also known as America Online. Armstrong has been involved in the mass media industry since 1993.
Tim Armstrong’s net worth has been estimated to be $400 million as of mid-2016. His annual salary is $6.48 million. He is a double major graduate in Sociology and Economics from Connecticut College and also a former student of Lawrence Academy.
After trying his hand at teaching and working for a mutual fund organization post-graduation, Armstrong ventured into the mass media industry, starting with the founding of a newspaper called BIB. He foresaw the potential of the Internet and leveraged it to expand his net worth through advertising.
Subsequently, he held various positions including Vice-President of Sales and Strategic Partnerships at Snowball Inc. before joining Google. He made significant contributions at Google, eventually being appointed as the President of Google’s Americas Operations. In 2009, he was brought in to revamp AOL’s situation by Jeff Bewkes. Armstrong championed changes in advertising and technology at AOL, contributing to its growth. He also played a pivotal role in AOL’s acquisitions, including Tech Crunch and Adapt.tv.
Verizon Communications acquired AOL for $4.4 billion in 2015, but Armstrong continued as CEO. He holds positions on various director boards and is the owner of the Boston Blazers team, competing in the National Lacrosse League, as well as being a founder of the United Football League.
In his personal life, Armstrong is married to Nancy Armstrong, a producer and director at MAKERS.
ncG1vNJzZmimlazAr7vWp6CgnaKerm%2B6xmiip6enYsGpsYynnK1lp6S%2FtbSMqJ1mrJmieqK%2BzKyrq6eenHqiu8tmmp6nXw%3D%3D