Age, Biography and Wiki

Jeffrey Sprecher is an American businessman and the founder, chairman, and CEO of Intercontinental Exchange (ICE), a Fortune 500 company that operates global exchanges, clearing houses, and data services. He is also the chairman of the New York Stock Exchange (NYSE). Sprecher was born on February 23, 1955 in Madison, Wisconsin. He graduated from the University of Wisconsin–Madison in 1977 with a degree in electrical engineering. He then went on to earn an MBA from the University of Southern California in 1979. Sprecher began his career in the energy industry in 1979, working for the Southern Company. He then went on to found the energy trading firm, Energy Exchange Corporation, in 1985. In 1997, he founded Intercontinental Exchange, which has since become one of the world’s leading exchanges. In 2013, Sprecher was appointed chairman of the NYSE, and in 2016, he was appointed to the board of directors of the Federal Reserve Bank of New York. As of 2021, Jeffrey Sprecher’s net worth is estimated to be roughly $1.2 billion.

Popular As Jeffrey Craig Sprecher
Occupation Chairman and CEO, Intercontinental Exchange Chairman, New York Stock Exchange
Age 69 years old
Zodiac Sign Pisces
Born 23 February 1955
Birthday 23 February
Birthplace Madison, Wisconsin, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 23 February. He is a member of famous Chairman with the age 69 years old group.

Jeffrey Sprecher Height, Weight & Measurements

At 69 years old, Jeffrey Sprecher height not available right now. We will update Jeffrey Sprecher's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
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Who Is Jeffrey Sprecher's Wife?

His wife is Kelly Loeffler (m. 2004)

Family
Parents Not Available
Wife Kelly Loeffler (m. 2004)
Sibling Not Available
Children Not Available

Jeffrey Sprecher Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Jeffrey Sprecher worth at the age of 69 years old? Jeffrey Sprecher’s income source is mostly from being a successful Chairman. He is from United States. We have estimated Jeffrey Sprecher's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Chairman

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Timeline

2020

On March 19, 2020, the public release of federal financial-disclosure documents revealed that Sprecher and his wife, U.S. Senator Kelly Loeffler, sold millions of dollars of stock the couple owned in companies vulnerable to the COVID-19 pandemic. The sales began the same day Loeffler and other senators received a private briefing from federal officials about the looming crisis. The documents also showed that the couple purchased stock in a company that would potentially benefit from the shelter-in-place orders that have since been implemented throughout the United States to prevent the spread of the virus. The company, Citrix, specializes in teleworking software. At least some of the stocks that Loeffler sold were owned jointly with Sprecher and would have required his knowledge and authorization to sell, documents show.

On March 20, 2020, the consumer advocacy group Common Cause filed complaints against Sprecher and Loeffler with the Securities and Exchange Commission, the Senate Ethics Committee, and the United States Justice Department, requesting from the latter a criminal investigation of the couple for violations of the STOCK Act.

2013

Sprecher was born in Madison, Wisconsin, where he attended James Madison Memorial High School. He was initiated to the Wisconsin Alpha Chapter of Sigma Alpha Epsilon. He received a bachelor's degree in chemical engineering from the University of Wisconsin–Madison in 1978 and a Master of Business Administration from Pepperdine University in 1984.

2004

Sprecher has been married to U.S. Senator Kelly Loeffler since 2004. They reside in Tuxedo Park, Atlanta in a $10,500,000, 15,000 square foot estate called Descante.

2000

Sprecher started Intercontinental Exchange (ICE) in 2000 as an online marketplace for energy trading in Atlanta.

Shortly after the company approached Enron to be a client, Enron started its own competing electricity trading platform, which dominated the market. Enron's market model was to buy from every seller and sell to every buyer. Wall Street bankers, particularly Goldman Sachs and Morgan Stanley, backed him and he launched ICE in 2000 (giving 80 percent control to the two banks who, in turn, spread out the control among Shell, Total, and British Petroleum). When Enron's exchange collapsed in 2001 in the Enron scandal, ICE's business exploded.

1996

In 1996 he bought the Continental Power Exchange in Atlanta, Georgia from MidAmerican Energy Holdings Company for $1 plus the assumption of debt, which became the foundation for Intercontinental Exchange (ICE).

1992

The Energy Policy Act of 1992 passed and deregulation in the electric industry started. Those working in the "electric industry realized the need for real-time, continentwide transactions", made possible by "Continental Power Exchange" technologies whereby "individual businesses and consumers may one day be able to select an energy provider in the same way that individuals shop for long-distance telephone service."

1990

In the 1990s energy trading was handled manually by "Continental Power Exchange, an electronic energy trading company. By 1997 Continental Power Exchange CPEX had "a federated software structure in place, CPEX... ready to expand to more servers as growth demands. CPEX's hardware and server architecture [were] capable of supporting foreseeable changes that may be necessary when the client load arrives. Continental [intended] to stay at least one step ahead of the marketplace."

1983

Sprecher's first job was at Trane, where he met William Prentice, who was developing power plants following deregulation. Prentice offered him a job at Western Power Group in 1983.

1955

Jeffrey Craig Sprecher (born February 23, 1955) is an American businessman, and the founder, chairman, and CEO of Intercontinental Exchange, and chairman of the New York Stock Exchange.