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Douglas Hodge Net Worth: How Rich is the Businessman Actually?

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Douglas Hodge Net Worth

Douglas Hodge is an American businessman who is the former CEO of Pacific Investment Management Company. As of 2020, Douglas Hodge net worth is estimated to be $80 million.

Hodge was born in 1957 in New York City and grew up in suburban Boston and Connecticut. He went to Dartmouth College where he received an undergraduate degree in BA in Economics in 1979. He then received his Masters in Business Administration from Harvard Business School in 1984.

After graduating from Harvard Business School, Hodge worked as a bond trader at Salomon Brokers for five years. In 1989, he then joined the Pacific Investment Management Company (PIMCO). At first, he worked for the company as a senior account manager and as a global product manager. In 2002, he was in charge of the Asia-Pacific region and in 2009 he was named Chief Operating Officer.

Douglas Hodge was the chief operating officer from 2009 to 2014. In 2014, he became the Chief Executive officer of PIMCO. In 2014 only it was reported that he received an annual bonus of $45 million.

Hodge was also on the PIMCO’s executive committee, and on the global executive committee for Allianz Asset Management. He also served as an executive committee member and on the Board of Directors of the Securities Industry and Financial Markets Association.

In March of 2019, Hodge appeared in the US Federal District Court in Boston to face charges of mail fraud and honest services fraud, asserting that he allegedly paid over a half a million dollars in bribe so that three of his children would get admission into Georgetown University and the University of Southern California. He was released on a $500,000 bond. In February 2020, he was sentenced to nine months in federal prison for his involvement in the 2019 college admission bribery scandal.

Douglas Hodge Net Worth: $80 million

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