With companies like Uber Technologies Inc., Slack Technologies Inc., and Pinterest Inc. going public this year, the question has been: How many millionaires will Silicon Valley mint? What’s not being asked is how much of that new wealth will go to women.
The answer, according to a study released Monday, is: not much. Carta, an equity management platform, crunched data from more than 300,000 employees at more than 10,000 companies and found four out of five paper millionaires are men.
The jobs that land the biggest equity packages tend to be held by men in C-suite roles, said Emily Kramer, Carta’s vice president of marketing. “As wealth goes up, the percentage of millionaires who are women go down because they are not CEOs, CFOs or founders,” she said. Chief marketing officers, the most common executive role held by women, have the lowest median equity award, 39 percent less than CFOs, which tend to get the most generous packages after CEOs.
Among the world’s 500 richest people, two are female technology billionaires, according to the Bloomberg Billionaires Index. MacKenzie Bezos, a shareholder of Amazon.com Inc., is worth $36 billion and Zhou Qunfei, founder of Lens Technology, is worth $5.9 billion.
