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Sony Group has revealed a significant leadership transition, as Jim Ryan, who has held key positions as the long-standing gaming chief and CEO, is set to retire in March 2024. Before joining Sony, Jim possessed qualifications as a Chartered Accountant and a Certified Professional Accountant accredited by the Canadian Institute of Chartered Professionals. He also holds a degree in business from Brock University's Goodman School of Business.
Having been affiliated with Sony for three decades, Jim Ryan has undoubtedly amassed substantial wealth. This article will try to delve into how much his net worth is.
What is Jim Ryan's Net Worth?
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While an updated estimate of his net worth is still pending, as of the most recent available information from various online sources, Jim Ryan's net worth in 2021 was reported to be a whopping $250 million.
It's worth noting that Jim Ryan's professional involvement extends beyond Sony Interactive Entertainment. He also serves as a board member of several other companies, including JPJ Group PLC, Gaming Realms PLC, Pala Interactive LLC, and Fralis LLC.
Why is Jim Ryan retiring?
Sony has disclosed that Jim Ryan has expressed his desire to maintain his residence in the UK rather than relocate for a job in the US. Sony released a statement regarding his retirement (Transcript via Reuters):
"Jim no longer wants to manage the tradeoff between having a job in the U.S. and a home in the UK."
Jim, who assumed the role of CEO in 2019, will retire after successfully guiding the company through the challenges posed by the COVID-19 pandemic and overseeing the successful launch of the PlayStation 5.
Sony also stated:
"He has been an inspirational leader, guiding SIE though the global COVID pandemic while leading the launch of PlayStation 5 and making it PlayStation's most successful platform."
What has Jim said?
Jim has also issued an official statement through the Sony Interactive website, reflecting on his journey and expressing gratitude to the community members who have been part of his career.
He wrote:
"I feel humbled at having the opportunity to lead a company delivering products that touch millions of lives. From award-winning games to the incredibly immersive technical achievements delivered with PlayStation 5, I’m immensely proud of what we have achieved and very optimistic for the future of Sony Interactive Entertainment."
He also added:
"I am still amazed by the excitement and passion of the PlayStation community. It is thanks to you that we have been able to keep innovating and delivering even greater experiences."
For those wondering about the new CEO, both Sony and Jim have confirmed that Hiroki Totoki, the current COO, will assume the role of interim CEO (from April 1, 2024) until the search for a permanent successor for that position is completed.
