MARRIOT Hotels CEO Arne Sorenson has died of cancer at the age of 62.
But what was his net worth and who is his wife? Here is everything you’ll need to know…
Who was Marriott CEO Arne Sorenson?
Arne Morris Sorenson was born in October 1958 in Japan where his father was a Lutheran pastor.
His family returned to the United States when he was seven and settled in Saint Paul, Minnesota.
After graduating from Luther College in Iowa in 1980, he earned his J.D degree from the University of Minnesota Law School in 1983.
In 1992 he represented Marriott before being recruited to work in-house for the company a few years later.
During his time, the company’s share price jumped by more than 240%.
While serving as the Marriott chief, Sorenson spoke out in support of LGBTQ rights and against the travel imposed by former President Donald Trump from certain Muslim countries.
What was Arne Sorenson’s net worth?
According to Wallmine, it is estimated that Sorenson was worth at least $143million as of December 2020.
Sorenson owned over 100,000 units of Marriott International stock and made over $13million a year as the President, CEO, and Director of Marriott International.
Who’s his wife Ruth and do they have children?
Sorenson met his wife, then Ruth Christenson, while he was studying at Luther College where she was working at her family’s ice-cream shop.
The pair married in 1984 and went on to have four children – Astri, Esther, Isaac and Lars.
How did Arne Sorenson die?
Sorenson died on February 15, 2021, at his home in Washington DC from pancreatic cancer.
In 2019 he underwent treatment for stage two of pancreatic cancer at Johns Hopkins Hospital while continuing to head Marriott Hotels.
The company announced in February that he would take a temporary reduction in work hours to spend more time with his family.
Marriott executive chairman JW Marriott Jr said in a statement announcing Soreson’s death: “Arne was an exceptional executive – but more than that, he was an exceptional human being.
“Arne loved every aspect of this business and relished time spent touring our hotels and meeting associates around the world.
“He had an uncanny ability to anticipate where the hospitality industry was headed and position Marriott for growth.”
View more information: https://www.the-sun.com/news/2350124/who-marriott-ceo-arne-sorenson-net-worth-wife-ruth/