Billionaire Profile

Global Rank

#2272

Image: Public domain | via Wikimedia Commons

Larry Culp

CEO, GE Aerospace

Real-Time Net Worth

$1.7B

As of December 2025

Age

Source

General Electric, manufacturing

Industry

manufacturing

Citizenship

Biography

H. Lawrence "Larry" Culp, Jr. is the Chairman and CEO of GE Aerospace, a company that emerged from the restructuring of the former General Electric. With an estimated net worth of $1.7 billion, Culp's wealth stems from his leadership at General Electric, specifically in the manufacturing sector. Culp joined the GE board in April 2018 and was appointed CEO in October 2018. Under his leadership, GE has undergone a significant transformation, strengthening its balance sheet and focusing the company's portfolio. His career includes a 25-year tenure at Danaher Corporation, where he served as President and CEO from 2001 to 2014, during which the company increased its revenues and market capitalization fivefold.

Wealth Over Time

Portfolio Holdings

GE Aerospace

In-Depth Profile

Early Life

Information regarding Larry Culp's early life and education is limited. However, it is known that his interest in business was sparked from conversations around the family kitchen table.

Rise to Success

Culp's career trajectory is marked by significant achievements, particularly during his time at Danaher Corporation. From 2001 to 2014, as President and CEO, he led Danaher to a fivefold increase in both revenue and market capitalization. This success paved the way for his appointment as CEO of General Electric in 2018.

Key Business Strategies

At GE, Culp spearheaded a multi-year financial and operational transformation. He focused on strengthening the balance sheet and reducing debt by over $100 billion. His strategies included a focus on operational excellence through implementing lean principles, with an emphasis on safety, quality, delivery, and cost. This restructuring led to the creation of three independent, investment-grade public companies: GE HealthCare, GE Vernova, and GE Aerospace. Culp's approach has been described as a "relentless focus on Lean principles." He has also been lauded for taking the contrarian approach of focusing on American manufacturing.

Philanthropy

Specific details regarding Culp's philanthropic activities are limited based on the search results. However, the sources do not show any specific philanthropic amounts.

Career Milestones

2001-2014

President and CEO, Danaher Corporation

Led Danaher to a fivefold increase in both revenues and market capitalization.

2018

CEO, General Electric

Appointed CEO of GE and led the transformation of the company.

2024

Chairman & CEO, GE Aerospace

Assumed the role of Chairman & CEO of GE Aerospace after the company's split.

Philanthropy & Social Impact

REAL initiative

$XB

REAL description

Business Philosophy & Leadership

Notable Quotes

""His philosophy is first and foremost, make a high-quality product and take care of your customers.”"

Leadership Principles

Focus on Lean Principles

Emphasizing continuous improvement in safety, quality, delivery, and cost.

Strong Teams

Building an outstanding team and clear strategy.

Take the contrarian approach

Taking on the challenge to revive American manufacturing.