Michael Tipsord Salary Net Worth House Wife State Farm and Age

Michael Tipsord ( Full Name: Michael L. Tipsord) is a famous American business executive. Currently, he works as the Chairman, President, and Chief Executive Officer of State Farm Mutual Automobile Insurance Company.

On September 1, 2015, Michael replaced Edward B. Rust Jr. as chairman. State Farm is the country’s largest auto and home insurer. Furthermore, it is also the 42nd largest company in the United States on the Fortune 500.

He was born on June 20, 1959, in Illinois,United States. Michael is64 years old.

He is a man of average stature. Michael stands at a height of5 ft 8 in( Approx. 1.73m ).

He was born and brought up in the rural pastures of central Illinois, in a tiny village named Cooksville, USA to a loving father and a caring mother. Michael’s parents got married young. His mother was only eighteen years old at the time, and receiving an education would prove difficult for both.

On the other hand, his father served during the Korean War. Through the G.I. bill, he fortunately earned a degree. At the age of thirty, Michael’s mother graduated college. She was also expecting Michael’s younger brother and had two children under the age of eleven to watch over. Besides, his brother’s name isGary.

He is a married man. Michael is blissfully hitched to his loving and caring wifeConni Tipsord.As a couple, they have three sons.

He attended a local high school. Later, Michael matriculated at Wesleyan University in Bloomington, Illinois, and graduated with a Bachelor of Arts Degree. Furthermore, he enrolled at the University of Illinois at Urbana-Champaign and graduated with a Law Degree.

As a result of his successful career in business, it goes without saying that the acclaimed business executive sure lives in a magnificent house. However, he leads a very private lifestyle and has mentioned zero details with reference to his house.

He currently works as the Chairman, President, and Chief Executive Officer of State Farm Mutual Automobile Insurance Company. In the year 1988, Michael started his State Farm career. He was named vice chairman and chief financial officer in 2004 after serving in a variety of leadership roles. Seven years later in 2011, Michael was named chief operating officer.

He was elected chief executive officer and president earlier the same year in September 2015. Furthermore, Michael was elected Chairman of the Board of State Farm Mutual Automobile Insurance Company in June 2016. Also, he is a registered Certified Public Accountant (CPA). Michael is also a registered attorney in Illinois since November 16, 1984.

In 1991, he earned the Chartered Life Underwriter (CLU) designation as well as the Chartered Property Casualty Underwriter (CPCU) in 1995. Prior to becoming an assistant tax counsel for State Farm in 1988, Michael was a private practice attorney.

He has gone on to hold a number of leadership positions. This includes senior vice president and CFO in 2004, VP in 2001, assistant treasurer in 1998, and COO before becoming chief executive officer in 2015. In addition, Michael’s compensation from State Farm was $24.5 million in 2021.

He spawns his monthly earnings working as the Chairman, President, and Chief Executive Officer of State Farm Mutual Automobile Insurance Company. Michael pockets a salary of$1,230,119 annually.

Having been professionally working as a business executive for a total experience exceeding more than three decades now, he has managed to garner good affluence in his career thus far. Michael’s net worth is$123 Million.

He is 64 years old. Michael was born on June 20, 1959, in Illinois, United States. Thus, he relishes and commemorates his birthday on June 20 every year.

He is a 64-year-old famous American business executive currently working as the Chairman, President, and Chief Executive Officer of State Farm Mutual Automobile Insurance Company. On September 1, 2015, Michael replaced Edward B. Rust Jr. as chairman. State Farm is the country’s largest auto and home insurer. Furthermore, it is also the 42nd largest company in the United States on the Fortune 500.

He is a man of average stature who stands at a height of 5 feet 8 inches, approximately 1.73 meters.