SmileDirectClub, Inc. CEO David Katzman Salary & Net Worth
Who Is David Katzman?
David Katzman is the CEO of SmileDirectClub, which is a teledentistry company that provides people with clear aligners through the Internet as well as a number of physical locations. Currently, the company has revenues in the hundreds of millions. However, it is interesting to note that Katzman doesn't seem to be compensated much when compared with the CEOs of other notable companies.
What Is David Katzman's Salary?
In 2019, Katzman received a total compensation of $6,630,512. Less than a tenth of this came from his cash-based compensation, which consisted of $269,231 in base salary plus $304,110 in bonus. Most of the rest came from his equity-based compensation of $5,855,410. Out of that, $2,499,985 consisted of stocks while $3,355,425 consisted of options. Just $201,761 came from other forms of compensation.
Katzman seems to have received even less compensation in 2020. There is one source that claims that he received a total of $1,145,190 in that year. His base salary increased to $579,066. However, his bonus was $300 while his equity-based compensation was $176,803.
What Is David Katzman's Net Worth?
There are some estimates out there that say that Katzman's net worth is at least in the tens of millions. These are based on the SmileDirectClub stocks that he owns plus the SmileDirectClub stocks that he has sold. As such, people should have no problem guessing that these estimates are quite incomplete, meaning that they aren't particularly useful even for their intended purpose of providing a general idea of the man's wealth.
Having said that, there are other estimates that say that Katzman's net worth is much higher. For example, one says that he is worth approximately $800 million. In contrast, another says that he is worth approximately $1 billion. This is a huge range to say the least. However, it is somewhat understandable because this kind of information is private.
In any case, these estimates are higher because Katzman is believed to have made his fortune before his involvement in SmileDirectClub. He is known to have founded his own company before. After which, he went on to become an investor. Thanks to this, Katzman is known to be very well-off, as shown by his one-time role as a part owner of the Cleveland Cavaliers.
What Do We Know about David Katzman's Personal Life?
Not too much is known about Katzman's personal life. He once went to Michigan State University where he studied accounting as well as finance, which are related fields. After which, he went on to study law at the Detroit College of Law.
Still, it is known that Katzman has a son. This is because his son Jordan Katzman and one of his son's friends were the ones who co-founded SmileDirectClub in the first place. Katzman himself didn't become involved until later, though his importance can be seen in how he is now the person responsible for overseeing its revenue-earning operations. CEOs are still answerable to the shareholders, but CEOs cannot become CEOs unless they possess some measure of real power.