Net Worth Ranker
What Is Joe Moglia’s Net Worth?
Joe Moglia, an accomplished American entrepreneur, former football coach, and author, boasts a net worth of $75 million. This financial standing reflects his successful career in the corporate world, particularly his tenure as the chairman and CEO of TD Ameritrade, as well as his endeavors in football coaching and investments.
Joe Moglia’s Financial Success: From Wall Street to Football Field
Moglia’s financial journey began with a significant corporate career. Before venturing into coaching at Coastal Carolina University, Joe Moglia served as the CEO of Ameritrade Holding Corp, which later became TD Ameritrade, starting in 2001. Under his leadership, the company experienced substantial growth. Client assets surged from $24 billion to over $300 billion, and the market capitalization increased dramatically from $700 million to $12 billion. This growth was fueled by strategic acquisitions and mergers, including deals with TD Waterhouse in January 2006 and Datek Online Holdings four years prior.
During his peak years at TD Ameritrade, Joe Moglia earned an impressive $20 million per year in total compensation. Between 2001 and 2009 alone, his salary totaled over $100 million. These figures underscore his success in the financial sector, where his strategic leadership and business acumen led to significant wealth accumulation.
In March 2008, Joe Moglia announced his transition from CEO. After the succession search Fred Tomczyk, the former COO at TD Bank Financial Group, took over in September. Joe Moglia then transitioned to the role of chairman, succeeding J. Joseph Ricketts. In 2012, he co-founded Fundamental Global Investors with Kyle Cerminara, where he has served as chairman since. Later, in July 2020, they co-founded FG New America Acquisition Corp, a special purpose acquisition company where he serves as chairman and partner. Moglia stepped down as chairman of TD Ameritrade when the company merged with Charles Schwab Corporation. These ventures reflect his continued engagement in the financial world and contribute to his overall net worth.
Joe Moglia’s Coaching Career and Contribution to Coastal Carolina University
While Joe Moglia’s corporate career provided a solid foundation for his net worth, his transition to football coaching showcased a different side of his professional life. When he became the head football coach at Coastal Carolina University, he opted to receive a symbolic salary of $1, turning down the full $177,000 he was entitled to. This decision underscores his passion for coaching and his commitment to the university’s football program.
Moglia’s coaching career at Coastal Carolina spanned from 2012 to 2016 and again in 2018. During this time, he led the team through its transition from the NCAA Division I Football Championship Subdivision to the NCAA Division I Football Bowl Subdivision. He also secured four Big South Conference Championships.
In 2021, Joe Moglia made a significant financial contribution to Coastal Carolina University. His donation was intended to support the design of a $15 million indoor football practice facility, expand the university’s football facilities, and fund a proposed south end zone project. It also aimed to complete funding for a $5 million soccer stadium. In recognition of his generosity, Coastal Carolina University announced that a future academic and athletic facility would be named The Joe Moglia Center. Additionally, during the homecoming football game at his alma mater on October 7, 2023, Jack Coffey Field was renamed Joe Moglia Stadium.
Early Life and Career Beginnings
Joseph Hugh Moglia was born on April 01, 1949, in New York City. He attended Fordham Preparatory School in the Bronx from 1963 to 1967. He later attended Fordham University, where he earned a bachelor’s in economics. Joe also earned a master’s degree in secondary education from the University of Delaware. Moglia spent 16 years coaching football, wrapping up his career as the defensive coordinator of Dartmouth College from 1981 to 1983.
After the 1983 season, Joe Moglia made a career transition to Wall Street, joining the Merrill Lynch MBA training program. He spent 17 years at Merill Lynch serving on the executive committees for various private client and institutional businesses.
