Billionaire Profile
L
Global Rank
#2259

Image: United States. Bureau of Land Management. New Mexico State Office Woodard, Larry L | Public domain | via Wikimedia Commons

Larry Culp

CEO, General Electric
UNITED STATES
Real-Time Net Worth
$1.762B
Estimated based on General Electric stock value as of March 6, 2026
-1.4% (24h)
Age
62
Source
General Electric, manufacturing
Industry
Manufacturing
Citizenship
UNITED STATES

Biography

H. Lawrence "Larry" Culp Jr. is an American business executive, currently serving as the Chairman and CEO of GE Aerospace. Born in 1963, Culp holds a Bachelor's degree from Washington College and an MBA from Harvard Business School. Culp's career includes leading Danaher Corporation from 2001 to 2014, where he grew the company significantly. He took the helm at General Electric (GE) in October 2018, becoming the first outsider to lead the company in its 126-year history. During his tenure at GE, Culp led a multi-year transformation, strengthening the balance sheet and reducing debt. His current estimated net worth is approximately $175 million. In 2024, his total compensation as GE Aerospace’s CEO was $87.4 million, including salary, bonus, and stock awards. Culp is known for his focus on operational excellence, which is exemplified by his dedication to continuous improvement and a focus on safety, quality, delivery, and cost.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Larry Culp was born in March 1963, in the Washington, D.C. area, the son of a small welding company owner. He earned a bachelor's degree from Washington College and an MBA from Harvard Business School.

Rise to Success

Culp joined Danaher Corporation in 1990 and became its CEO in 2001. Under his leadership, Danaher experienced significant growth. He then became the CEO of General Electric (GE) in October 2018, the first outsider to lead the company in its history. At GE, Culp led a multi-year transformation, strengthening its balance sheet, and reducing debt. He spearheaded the split of GE into three independent, investment-grade public companies: GE HealthCare, GE Vernova, and GE Aerospace.

Key Business Strategies

Culp's leadership style is characterized by a focus on lean management, accountability, and operational excellence. He emphasizes continuous improvement and a relentless focus on safety, quality, delivery, and cost. This approach helped in the successful transformation of both Danaher and GE.

Philanthropy

In May 2024, under Culp's leadership, GE Aerospace launched the GE Aerospace Foundation with over $24 million in commitments, focusing on STEM education. The Culp Family Foundation supports various initiatives.

Career Milestones

1990

Joined Danaher Corporation

Began his career at Danaher Corporation.

2001

CEO of Danaher Corporation

Became CEO of Danaher, leading significant growth and transformation.

2018

CEO of General Electric

Appointed CEO of GE, the first outsider to lead the company.

2022

CEO of GE Aerospace

Assumed the role of CEO of GE Aerospace.

2024

Chairman of GE Aerospace

Became Chairman of GE Aerospace.

Philanthropy & Social Impact

Education

GE Aerospace Foundation

$24M

Launched by GE Aerospace in May 2024, focused on STEM education.

Community Development

Culp Family Foundation

Unknown

Supports initiatives across Maryland, Massachusetts, and Virginia.

Business Philosophy & Leadership

Notable Quotes

"“I want to hear the bad news — facts.”"

"“We needed to drive not only better profitability, better cash for our investors, but better safety, quality delivery, and productivity performance for our own team, let alone for our customers.”"

Leadership Principles

Focus on Operational Excellence

Emphasizing continuous improvement, quality, and efficiency.

Transparency and Open Communication

Creating an environment where employees feel comfortable sharing bad news.

Focus on People

Putting people first, valuing hard work, and operational efficiency.

Controversies & Challenges

2021

Pay Package Criticism

Faced criticism from shareholder advisors regarding his compensation package at GE, including a large bonus.

2019

GE Fraud Accusations

A report alleging fraud at GE prompted the CEO to purchase stock in the company to instill confidence.