Fidelity National Information Services, Inc. CEO Gary Norcross Salary & Net Worth
Gary Norcross is the man in charge of FIS, a Fortune 500 company employing 62,000 people worldwide. All employees permanently work from home and have done so since March 2020. FIS is known for the development of financial technology, or FinTech, in the areas of banking, merchant, and capital market solutions. FinTech created by FIS moves over $9 trillion dollars annually by facilitating 75 billion transactions for its 20,000 clients worldwide. Norcross has been CEO of FIS since 2015.
Gary Norcross' Annual Salary
Norcross earned $17.9 million dollars in 2020 in his roles of President, Chairman, and Chief Executive Officer of FIS. His base salary was $1.2 million, and he did not receive any bonus payments. Norcross was awarded $12.385 million in FIS stock and $3.79 million in FIS options. He also was paid $569,000 in other compensation.
Norcross' 2020 salary was well below what he made the year before the pandemic. In 2019, Norcross made $27.6 million and was the highest-paid executive of a U.S. FinTech company.
Gary Norcross' Net Worth
The FIS Chairman and CEO has an estimated net worth of $378.9, which includes 765,900 shares of FIS stock. In his last 15 years at FIS, Norcross has sold an estimated $369.4 million in FIS stock.
There are two beautiful homes included in Norcross' net worth. He has a huge home near FIS headquarters in Jacksonville, a home befitting the Chairman and CEO of one of the world's largest companies. The Norcross family also has a beautiful vacation home in Michigan, on Walloon Lake. The Michigan home is called Holiday Inn, taken from the 1942 film because the Norcross's entertain family and friends virtually non-stop at their lake home.
Gary Norcross and His Personal Life
Norcross has said his original goal in life was to attend college and then return home to work on his family's farm in Tyronza, Arkansas. He went to college at the University of Arkansas-Fayetteville with the goal of developing relationships with other people from around the state. He enrolled in the Sam Walton College of Business while at Arkansas and, after graduation, accepted a job in business to gain experience before returning to the family farm. You know the rest of the story.
Norcross joined FIS in 1988, several years after graduating from college. In addition to his current position at FIS, Norcross is also on the Board of Directors of five different companies, including the Guardian Life Insurance Company.
Amy Norcross, Gary's wife, also graduated from Arkansas-Fayetteville, from the J. William Fulbright College of Arts and Sciences with a degree in Journalism. The two were college sweethearts and were married soon after graduation. The couple has three children, two sons, and one daughter.
Gary and Amy have endowed a fund at the Walton College of Business for underrepresented students enrolled at Walton who demonstrate financial need. The Office of Diversity and Community at the University of Arkansas manages the fund.
