Ursula Burns, the groundbreaking businesswoman and the first Black woman to lead a Fortune 500 company, has seen a significant bump in her fortunes this year thanks to a substantial increase in her stake in Uber Technologies.
Cementing her position as one of the wealthiest Black executives in corporate America, Burns has witnessed a remarkable $3.4-million surge in the market value of her Uber shares since the beginning of the year, marking her prominence in the world of finance and technology.
As a prominent figure on the boards of several companies, including Endeavor Group Holdings Inc., ExxonMobil Corporation, Plum Acquisition Corp I, and Teneo Holdings LLC, Ursula Burns’ strategic investments have played a pivotal role in bolstering her financial standing.
However, it is her stake in Uber Technologies that has experienced significant growth in recent times, with the ride-sharing giant’s shares witnessing a remarkable surge of more than 90 percent on the New York Stock Exchange since Jan. 1, soaring from $24.73 to $47.12 as of July 20.
The meteoric rise in Uber’s share price has propelled the company’s market capitalization to over $90 billion, resulting in lucrative gains for its investors, including Ursula Burns.
With her 0.0077-percent stake in the multinational ride-sharing company, amounting to a total of 155,540 shares, Burns has experienced an impressive $3.48-million increase in the market value of her holdings since the start of the year.
Her stake in Uber, which was valued at $3.84 million at the start of the year, has now reached an impressive $7.33 million at the time of this report.
Beyond her interest in Uber as a director and investor, Burns holds a minority 0.0009-percent stake in ExxonMobil Corporation, the renowned American multinational oil and gas corporation.
As a trailblazer in the world of finance and technology, Burns’ equity holdings include shares in Endeavor Group Holdings, Inc., and IHS Holding, a prominent telecom infrastructure firm led by American-Nigerian telecom tycoon Sam Darwish.
Ursula Burns’ extraordinary career and financial success are a testament to her visionary business acumen and her enduring legacy as a pioneering Black woman in corporate leadership. Her influence and achievements will undoubtedly inspire aspiring entrepreneurs and future generations as she continues to make waves in the business world.