Coty CEO Sue Nabi’s stake falls below $230 million as shares decline
This follows a prior loss of $48.44 million from Sept. 27 to Oct. 17, when her stake declined from $303.06 million to $254.62 million.
This follows a prior loss of $48.44 million from Sept. 27 to Oct. 17, when her stake declined from $303.06 million to $254.62 million.
Algerian-born executive Sue Nabi's net worth takes a hit as her stake in Coty slumps below $255 million.
Algerian-born executive Sue Nabi's net worth takes a hit as her stake in the beauty giant plummets below $300 million.
Despite this setback, Sue Nabi remains a pivotal figure in the beauty industry.
This follows a decline of $83.6 million between February 27 and April 16, when her stake dropped from $401.8 million to $318.2 million.
Despite the decline, Nabi remains a key player in the beauty industry. As Coty’s CEO, her visionary leadership continues to significantly impact the global beauty landscape.
This strategic move, driven by Coty’s robust balance sheet and strong cash flows, reaffirms the company’s commitment to enhancing shareholder value over time.
The wealthy executive remains a top figure in the dynamic beauty sector and stands as one of the richest African-born executives globally.
Nabi’s extraordinary leadership not only secured her a substantial $149.43-million compensation but also solidified Coty’s standing as a global powerhouse in fragrance.