Paul Sullivan’s journey to amassing his net worth is a testament to his business acumen and strategic investments. Over the years, Sullivan has cultivated a portfolio that not only highlights his knack for choosing the right investment but also showcases his dedication to his career. His association with Burlington Stores Inc has been particularly fruitful, earning him a significant portion of his wealth through both stock ownership and his role as an Independent Director.
| Aspect | Details |
|---|---|
| Net Worth | $5 million |
| Name | Paul Sullivan |
| Age | 72 |
| Profession | Independent Director at Burlington Stores Inc, Former Partner at PricewaterhouseCoopers LLP |
| Major Business Ventures | Stock investments, particularly in Burlington Stores Inc |
| Income Sources | Stock ownership, stock sales, and salary from directorship |
Estimation of Net Worth
Paul Sullivan’s net worth is a reflection of his strategic investments and career choices over the years. As of March 2019, his estimated net worth stood at a minimum of $3.29 million. This estimation comes from his significant ownership of Burlington Stores Inc stock, valued at over $897,870, and his sales of BURL stock amounting to over $2,140,073 over the past decade. Additionally, his annual compensation as an Independent Director at Burlington Stores Inc contributes $254,941 to his income.
It’s important to note, however, that there has been a different estimation of his net worth as of March 2024, reported to be $5 Million. This discrepancy suggests that either there has been a mistake in reporting, or there are multiple individuals with the same name, leading to confusion.
Income Sources
The primary sources of Paul Sullivan’s income stem from his involvement with Burlington Stores Inc, where he has served as an Independent Director. Over the last ten years, he has successfully sold BURL stock worth over $2,140,073, alongside owning substantial units of the company’s stock. His salary from his directorial role further bolsters his financial status, showcasing a diversified income stream that spans stock investments and direct compensation for his executive responsibilities.
His early career at PricewaterhouseCoopers LLP, where he was a partner until his retirement in July 2009, laid the foundation for his later success. During his tenure, he not only gained valuable experience but also established connections that would benefit him in his subsequent endeavors.
Conclusion
Paul Sullivan’s net worth and income sources highlight his successful career in business and finance. His strategic investment in Burlington Stores Inc and his role as an Independent Director have been central to his wealth accumulation. Despite discrepancies in net worth estimations, Sullivan’s financial journey underscores the importance of strategic investment and career planning in achieving financial success. His story serves as an inspiration for aspiring business professionals and investors alike, demonstrating the value of diversification and strategic career moves in building wealth.