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UnitedHealth Group is one of the largest and most diversified health care companies in the world, serving more than 142 million people in 130 countries The company operates through two main segments: UnitedHealthcare, which provides health insurance and benefits services, and Optum, which provides health information technology, data analytics, pharmacy care, and health care delivery services
The chief executive officer (CEO) of UnitedHealth Group is Sir Andrew Philip Witty, a British business executive who has been leading the company since February 2021 He is also a member of the UnitedHealth Group Board of Directors.
In this article, we will explore some of the aspects of Andrew Witty’s life and career, such as his salary, net worth, partner, age, family, personal life and bio. We will also answer some of the most frequently asked questions about him.
Salary and Net Worth
As the CEO of UnitedHealth Group, Andrew Witty is responsible for the strategic direction and overall performance of the enterprise and its long-term growth agenda He is also one of the highest-paid executives in the health care industry.
According to the company’s proxy statement filed with the Securities and Exchange Commission (SEC) on April 9, 2021, Witty received a total compensation of $23.8 million in 20203 This amount includes:
- A base salary of $1.5 million
- A non-equity incentive pay of $2.8 million
- A stock award of $19.4 million
- Other compensation of $104,334
Witty’s total compensation increased by 10% from his 2019 level of $21.6 million His base salary remained unchanged, while his non-equity incentive pay decreased by 11%. His stock award increased by 14%, reflecting his performance and the company’s strong results in 2020. His other compensation includes personal use of company aircraft, security services, tax preparation fees, and matching contributions to his retirement plan.
Witty’s compensation is aligned with the company’s pay-for-performance philosophy, which aims to reward executives for delivering superior value to shareholders, customers, employees, and society The company’s performance metrics include revenue growth, earnings per share growth, return on equity, customer satisfaction, quality of care, employee engagement, and social responsibility
According to Wallmine.com, a financial website that tracks insider trading activity, Witty has an estimated net worth of $56.9 million as of September 21, 2021 This figure is based on his ownership of 78,573 units of UnitedHealth Group stock worth over $41.2 million and his sale of UNH stock worth over $13.5 million in the last six years.
Partner and Family
Witty is married to Caroline M. Hall, a former executive at GSK Consumer Healthcare who now runs her own consulting firm called CMH Consulting Ltd. They have two children together: a son named James and a daughter named Alice.
Witty and his wife are both passionate about philanthropy and social causes. They have supported various charities and organizations that focus on education, health care, environmental sustainability, and human rights. Some of the causes they have supported include:
- The University of Nottingham: Witty served as the chancellor of his alma mater from 2013 to 2017 and donated £1 million to establish a scholarship fund for students from low-income backgrounds.
- The World Health Organization (WHO): Witty took an unpaid leave from UnitedHealth Group from April to December 2020 to serve as a special envoy at the WHO, co-leading the effort to accelerate responses to COVID-19.
- The UN High-Level Panel on Access to Medicines: Witty was a member of this panel from 2015 to 2016, which aimed to address the challenges of ensuring access to affordable and quality medicines for all people
- The UNAIDS-Lancet Commission for Defeating AIDS and Advancing Global Health: Witty was a member of this commission from 2013 to 2015, which proposed strategies for ending the AIDS epidemic by 2030 and improving global health outcomes9
- The Singapore Prime Minister’s Research, Innovation and Enterprise Council: Witty is a member of this council since 2009, which advises the Singapore government on policies and initiatives related to research, innovation and enterprise development. He was awarded the honorary citizenship of Singapore in 2017 for his contributions to the country’s growth and development.
Age and Personal Life
Witty was born on August 22, 1964, in Warrington, England. He is 57 years old as of 2021. He grew up in Nantwich, Cheshire, and attended Malbank School. He then studied economics at the University of Nottingham, where he graduated with a bachelor’s degree in 1985.
Witty has been interested in business and entrepreneurship since his childhood. He started his own business selling greeting cards when he was 12 years old. He also worked as a paperboy, a waiter, and a sales assistant at a local pharmacy.
Witty joined Glaxo UK in 1985 as a management trainee and rose through the ranks to become the CEO of GlaxoSmithKline (GSK) in 2008. He led GSK for nine years until his retirement in 2017. During his tenure, he transformed GSK into a more innovative, diversified, and socially responsible company. He also championed initiatives to improve access to medicines in developing countries, such as reducing prices, sharing patents, and investing in research and development.
Witty is known for his visionary leadership, strategic thinking, and global perspective. He has been recognized with various awards and honors for his achievements and contributions to the health care industry and society at large. Some of the accolades he has received include:
- Knight Bachelor: Witty was knighted by Queen Elizabeth II in 2012 for services to the UK economy.
- Honorary Doctorates: Witty has received honorary degrees from several universities, including Exeter, Manchester, and Nottingham.
- Business Leader of the Year: Witty was named the Business Leader of the Year by the Pharmaceutical Research and Manufacturers of America (PhRMA) in 2012 for his outstanding leadership and vision in advancing global health.
- CEO of the Year: Witty was named the CEO of the Year by Scrip Intelligence, a leading pharmaceutical news and analysis service, in 2013 for his strategic direction and performance of GSK.
- Harvard Business Review’s Best-Performing CEOs in the World: Witty was ranked among the top 100 best-performing CEOs in the world by Harvard Business Review in 2014 and 2015 for his long-term financial results and social responsibility.
Bio
Here is a summary table of Andrew Witty’s bio:
| Name | Sir Andrew Philip Witty |
|---|---|
| Date of Birth | August 22, 1964 |
| Place of Birth | Warrington, England |
| Nationality | British |
| Education | Bachelor’s degree in economics from the University of Nottingham |
| Occupation | CEO of UnitedHealth Group |
| Previous Occupation | CEO of GlaxoSmithKline |
| Salary | $23.8 million (2020) |
| Net Worth | $56.9 million (2021) |
| Partner | Caroline M. Hall |
| Children | James and Alice |
| Honors | Knight Bachelor, Honorary Doctorates, Business Leader of the Year, CEO of the Year, Best-Performing CEOs in the World |
Conclusion
Andrew Witty is a remarkable leader who has made a significant impact on the health care industry and society at large. He is the CEO of UnitedHealth Group, one of the largest and most diversified health care companies in the world. He is also a former CEO of GlaxoSmithKline, one of the leading pharmaceutical manufacturers in the world.
Witty has a wealth of experience, knowledge, and skills that enable him to drive innovation, growth, and value creation for UnitedHealth Group and its stakeholders. He is also a passionate philanthropist who supports various causes that aim to improve access to medicines, education, health care, environmental sustainability, and human rights.
Witty is married to Caroline M. Hall and has two children. He is 57 years old and has an estimated net worth of $56.9 million.
Frequently Asked Questions
Here are some of the most frequently asked questions about Andrew Witty:
Q: How much does Andrew Witty make per hour?
A: Based on his annual salary of $1.5 million in 2020, Andrew Witty makes about $721 per hour assuming he works 40 hours per week for 52 weeks.
Q: How much does Andrew Witty make per day?
A: Based on his annual salary of $1.5 million in 2020, Andrew Witty makes about $5,769 per day assuming he works 40 hours per week for 52 weeks.
Q: How much does Andrew Witty make per month?
A:
Based on his annual salary of $1.5 million in 2020, Andrew Witty makes about $5,769 per day assuming he works 40 hours per week for 52 weeks.
Q: How much does Andrew Witty make per year?
A: Based on his total compensation of $23.8 million in 2020, Andrew Witty makes about $65,205 per day or $23.8 million per year.
Q: How much is Andrew Witty worth?
A: According to Wallmine.com, a financial website that tracks insider trading activity, Witty has an estimated net worth of $56.9 million as of September 21, 2021.
Q: Who is Andrew Witty’s partner?
A: Andrew Witty is married to Caroline M. Hall, a former executive at GSK Consumer Healthcare who now runs her own consulting firm called CMH Consulting Ltd.
Q: How old is Andrew Witty?
A: Andrew Witty was born on August 22, 1964. He is 57 years old as of 2021.
Q: Where does Andrew Witty live?
A: Andrew Witty lives in London, England. He also has a residence in Singapore, where he was awarded the honorary citizenship in 2017.
Q: What is Andrew Witty’s nationality?
A: Andrew Witty is British. He was knighted by Queen Elizabeth II in 2012 for services to the UK economy.
Q: What is Andrew Witty’s education?
A: Andrew Witty studied economics at the University of Nottingham, where he graduated with a bachelor’s degree in 1985. He also received honorary doctorates from several universities, including Exeter, Manchester, and Nottingham.
Q: What are some of Andrew Witty’s achievements and awards?
A: Some of the achievements and awards that Andrew Witty has received include:
- Leading UnitedHealth Group as the CEO since February 2021 and delivering strong financial and operational results
- Serving as a special envoy at the World Health Organization from April to December 2020 and co-leading the effort to accelerate responses to COVID-19
- Transforming GlaxoSmithKline into a more innovative, diversified, and socially responsible company as the CEO from 2008 to 2017
- Championing initiatives to improve access to medicines in developing countries, such as reducing prices, sharing patents, and investing in research and development
- Being a member of various panels and commissions that advise on policies and strategies related to global health, such as the UN High-Level Panel on Access to Medicines and the UNAIDS-Lancet Commission for Defeating AIDS and Advancing Global Health
- Being a member of the Singapore Prime Minister’s Research, Innovation and Enterprise Council since 2009 and contributing to the country’s growth and development
- Being named the Business Leader of the Year by PhRMA in 2012, the CEO of the Year by Scrip Intelligence in 2013, and one of the Best-Performing CEOs in the World by Harvard Business Review in 2014 and 2015
Q: What are some of Andrew Witty’s hobbies and interests?
A: Some of the hobbies and interests that Andrew Witty enjoys include:
- Reading books, especially biographies and history
- Playing golf and tennis
- Traveling and exploring different cultures
- Supporting various charities and causes that focus on education, health care, environmental sustainability, and human rights
