Texas Instruments CEO Richard Templeton Salary & Net Worth

Who Is Richard Templeton?

Richard Templeton is an electrical engineer who entered Texas Instruments after his graduation from Union College in 1980. Since that time, he has climbed up the corporate ladder, with the result that he is now both the Chairman and the CEO of the multi-billion-dollar tech company. Naturally, Templeton has been well-compensated, with the result that he is believed to be someone with a net worth measured in the hundreds of millions.

What Is Richard Templeton's Salary?

Templeton's compensation has been relatively consistent from 2018 to 2020. For those who are curious, he received a total of compensation of $17,576,224 in 2018, $18,431,219 in 2019, and $18,857,221 in 2020. As such, Templeton has been seeing steady increases in his compensation in each subsequent year, particularly since this pattern extends even further back.

As for what made up Templeton's compensation, these things have remained relatively consistent over time as well. To name an example, $5,349,000 of his 2020 compensation came from cash compensation, with $1,336,667 coming from his base salary and $4,012,333 coming from his bonus and other non-equity incentives. Meanwhile, $13,000,042 came from his equity-based compensation, which was split almost exactly into half stocks and half options. The remainder of $508,179 came from other forms of compensation. On the whole, the exact numbers might have changed from year to year. However, the proportions were quite similar from year to year.

What Is Richard Templeton's Net Worth?

There is an estimate that Templeton is worth at least $228 million as of February of 2021. This is based on a couple of things. One, he owned more than $121 million of Texas Instruments stocks. Two, he had sold more than $105 million of Texas Instruments stocks.

Chances are good that people can spot some of the problems with this estimate. For example, these figures don't take taxes into account. Similarly, these figures don't account for the other things that Templeton might have done with his money, which is quite important because the value of assets can see enormous change over time depending on what they are. Unfortunately, this estimate is the way that it is because that kind of information isn't available to the public for good reason, meaning that interested parties have to make do with the scraps that are available to them if they are curious about this matter. As such, people shouldn't assume this estimate to be anything other than a very rough guess at Templeton's net worth.

What Do We Know about Richard Templeton's Personal Life?

As mentioned earlier, Templeton studied to become an electrical engineer at Union College. However, he has other reasons for being attached to the institution as well. After all, Templeton met his future wife Mary Haanen when they were still students at Union College, with the result that they now have three children together. It is interesting to note that the couple made a $51 million donation to their alma mater in 2020, which is notable for a couple of things. One, it will be used to fund the Templeton Institute for Engineering and Computer Science, which will promote relevant STEM educations while also encouraging more women to sign up for such programs. Two, it is the single biggest gift ever made to Union College over the course of the institution's more-than-two-centuries-old existence.