Richard C. Adkerson net worth and biography

Richard Adkerson Biography and Net Worth

Richard C. Adkerson is Chairman of the Board and Chief Executive Officer of Freeport-McMoRan Inc.

He graduated from Mississippi State University with a B.S. degree in Accounting with highest honors and an M.B.A. degree. In 2010, he received an Honorary Doctor of Science degree from Mississippi State. He also completed the Advanced Management Program of the Harvard Business School in 1988. Prior to joining Freeport-McMoRan in 1989, he was Partner and Managing Director in Arthur Andersen & Co. where he headed the Firm’s Worldwide Oil and Gas Industry Practice. From 1976 to 1978, he was a Professional Accounting Fellow with the Securities and Exchange Commission in Washington, D.C.

Mr. Adkerson currently serves as Chair of the International Council on Mining and Metals. He has been a member of ICMM since 2005 and previously served as Chair from 2008 – 2011. He is a member of The Business Council, the Business Roundtable, the Council on Foreign Relations and serves as Chairman of the Advisory Council of the Kissinger Institute on China and the United States. He also serves on Greater Phoenix Leadership and the Dean's Council of 100 for the Arizona State University W. P. Carey School of Business.

He serves as Chairman Emeritus of the Board of Trustees of the National WWII Museum and as a member of the Board of Visitors of the M.D. Anderson Cancer Center in Houston, Texas, and was Campaign Chair of the Banner M.D. Anderson Cancer Center Cancer Has Met Its Match Campaign in Phoenix. He currently serves as the Honorary Chair of the Phoenix Zoo’s Join the Journey - Share our Pride Campaign. He is a member and past President of the Mississippi State University Foundation Board of Directors, serves on the Executive Advisory Board for the College of Business, and chaired Mississippi State's State of the Future capital campaign.

He was named National Alumnus of the Year of Mississippi State University in 2011. He was inducted into the American Mining Hall of Fame in 2010, received The American Institute of Mining, Metallurgical and Petroleum Engineers Charles F. Rand Memorial Award in 2011 and was named Copper Man of the Year 2009 by The Copper Club. He was named Executive of the Year by the W. P. Carey School of Business Dean's Council at Arizona State University in 2011. For ten years, Mr. Adkerson was named The Best CEO in Metals and Mining by Institutional Investor magazine. Mr. Adkerson has served on the FCX Board since 2006 and as Chairman of the Board since February 2021.

What is Richard C. Adkerson's net worth?

The estimated net worth of Richard C. Adkerson is at least $101.79 million as of December 4th, 2020. Mr. Adkerson owns 3,724,573 shares of Freeport-McMoRan stock worth more than $101,792,580 as of October 1st. This net worth evaluation does not reflect any other assets that Mr. Adkerson may own. Additionally, Mr. Adkerson receives a salary of $6,130,000.00 as CEO at Freeport-McMoRan. Learn More about Richard C. Adkerson's net worth.

How old is Richard C. Adkerson?

Mr. Adkerson is currently 75 years old. There are 3 older executives and no younger executives at Freeport-McMoRan. Learn More on Richard C. Adkerson's age.

What is Richard C. Adkerson's salary?

As the CEO of Freeport-McMoRan Inc., Mr. Adkerson earned a total compensation package of $19,111,894.00 in 2021. Mr. Adkerson earned a salary of $1,766,667.00, stock awards of $8,483,475.00, options awards of $1,335,040.00, non-equity compensation of $3,569,400.00, and other compensation of $793,779.00. Learn More on Richard C. Adkerson's salary.

How do I contact Richard C. Adkerson?

The corporate mailing address for Mr. Adkerson and other Freeport-McMoRan executives is 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004. Freeport-McMoRan can also be reached via phone at (602) 366-8100 and via email at [email protected] Learn More on Richard C. Adkerson's contact information.

Has Richard C. Adkerson been buying or selling shares of Freeport-McMoRan?

Richard C. Adkerson has not been actively trading shares of Freeport-McMoRan in the last ninety days. Most recently, Richard C. Adkerson sold 202,701 shares of the business's stock in a transaction on Monday, December 6th. The shares were sold at an average price of $36.71, for a transaction totalling $7,441,153.71. Learn More on Richard C. Adkerson's trading history.

Who are Freeport-McMoRan's active insiders?

Freeport-McMoRan's insider roster includes Richard Adkerson (CEO), Gerald Ford (Director), Hugh Grant (Director), Sara Grootwassink Lewis (Director), Ryan Lance (Director), Dustan McCoy (Director), Kathleen Quirk (CFO), Maree Robertson (CFO & Sr. VP ), and C. Whitmire, Jr. (VP). Learn More on Freeport-McMoRan's active insiders.

Are insiders buying or selling shares of Freeport-McMoRan?

In the last year, Freeport-McMoRan insiders bought shares 3 times. They purchased a total of 46,300 shares worth more than $1,575,875.00. In the last year, insiders at the natural resource company sold shares 7 times. They sold a total of 442,571 shares worth more than $17,385,351.61. The most recent insider tranaction occured on August, 29th when Director Ryan Michael Lance bought 31,000 shares worth more than $988,280.00. Insiders at Freeport-McMoRan own 0.7 % of the company. Learn More about insider trades at Freeport-McMoRan.

Information on this page was last updated on 8/29/2022.

Richard C. Adkerson Insider Trading History at Freeport-McMoRan

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
12/6/2021Sell202,701$36.71$7,441,153.71View SEC Filing Icon  
12/4/2020Sell467,887$25.17$11,776,715.793,724,573View SEC Filing Icon  
6/6/2019Buy172,000$10.14$1,744,080.00View SEC Filing Icon  
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Richard C. Adkerson Buying and Selling Activity at Freeport-McMoRan

This chart shows Richard C Adkerson's buying and selling at Freeport-McMoRan by year and by quarter.

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Freeport-McMoRan Company Overview

Freeport-McMoRan logo
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
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Today's Range

Now: $27.33
Low: $27.29
High: $28.42

50 Day Range

MA: $29.78
Low: $26.50
High: $33.23

2 Week Range

Now: $27.33
Low: $24.80
High: $51.99

Volume

16,081,621 shs

Average Volume

19,156,482 shs

Market Capitalization

$39.06 billion

P/E Ratio

8.31

Dividend Yield

1.06%

Beta

2