Timothy J. Sloan is an American banker who served as Chief Executive Officer and President of Wells Fargo & Company, one of the largest banking and financial services institutions in the United States, from October 2016 until his resignation in March 2019. A 31-year veteran of the company, Sloan rose through the ranks from the Loan Adjustment Group to lead Wells Fargo’s Wholesale Banking, serve as Chief Financial Officer, Chief Operating Officer, and ultimately CEO. His tenure was dominated by the fallout from the bank’s massive fake accounts scandal. After retiring from Wells Fargo in June 2019, Sloan joined Fortress Investment Group in March 2020, where he currently serves as Vice Chairman and Global Head of Real Estate.

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Wells Fargo Competitors

Wells Fargo operates in the highly competitive U.S. banking and financial services sector. During Tim Sloan’s tenure and to this day, the key competitors of Wells Fargo include:

• JPMorgan Chase – The largest U.S. bank by assets ($4+ trillion); competes across retail, commercial, and investment banking
• Bank of America – Major competitor in consumer banking, wealth management, and global markets ($3+ trillion in assets)
• Citigroup – Global institutional banking leader; strong in international markets and wealth management
• Goldman Sachs – Premier investment bank and financial services firm
• U.S. Bancorp – Regional banking powerhouse and direct competitor in consumer and commercial banking
• PNC Financial Services – One of the largest diversified financial services companies in the U.S.
• Morgan Stanley – Major competitor in wealth management and investment banking

Tim Sloan – Quick Facts

Tim Sloan Net Worth 2026 – Former Wells Fargo CEO Salary

As of 2026, Tim Sloan’s net worth is estimated at approximately $60–140 million USD, based on reported stock holdings across Wells Fargo and California Resources Corp, as well as compensation earned during his 31-year banking career. According to SEC filings, Sloan held roughly $65 million in Wells Fargo stock alone as of early 2024. He currently serves as Vice Chairman at Fortress Investment Group, a major global investment firm, where his compensation is not publicly disclosed.

Tim Sloan Compensation History at Wells Fargo

Wells Fargo Net Worth 2026 – Company Financials

Wells Fargo & Company remains one of America’s most profitable banks. Under current CEO Charlie Scharf, the company has undergone significant restructuring. Here are the latest financial figures:

Wells Fargo Financial Summary (FY2024)

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Contact Tim Sloan – Email Address & More

Tim Sloan is no longer at Wells Fargo. Below are the known contact details and current affiliations:

Career & Education – Company, University, & College

Tim Sloan spent over three decades at Wells Fargo, rising from an entry-level position to the CEO’s office. His career also includes early stints at Continental Illinois National Bank and a summer job as a bank teller. Below is his complete career timeline:

Tim Sloan Career Timeline

Tim Sloan joined Wells Fargo in 1987 as part of its Loan Adjustment Group. Over the next two decades, he held numerous leadership positions within the Wholesale Banking division, including overseeing Commercial Banking, Real Estate, and Specialized Financial Services. In 2010, he was named Chief Administrative Officer, overseeing Corporate Communications and Government Relations. He then served as Chief Financial Officer before heading the Wholesale Banking business in 2014.

In November 2015, Sloan was promoted to President and COO, overseeing the company’s four main business segments: Community Banking, Wholesale Banking, Consumer Lending, and Wealth and Investment Management. When CEO John Stumpf resigned in October 2016 amid the fake accounts scandal, Sloan was named his successor.

After stepping down as CEO in March 2019 and officially retiring in June 2019, Sloan joined Fortress Investment Group in March 2020 as a Senior Advisor, later being promoted to Vice Chairman and Global Head of Real Estate. He also serves on the Caltech Board of Trustees and the Michigan Ross Advisory Board.

Education

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Tim Sloan Wiki – Age, Family, & More

Former Wells Fargo CEO Tim Sloan (age approximately 66) was born in 1959 or 1960 and grew up in Detroit, Michigan. His parents are Jerry and Jeanne Sloan. He is married to Lisa Sloan, and the couple has three children. The family resides in San Marino, a suburb of Los Angeles, California.

Sloan is known for his deep roots in banking — he started as a summer bank teller during his student years at the University of Michigan and spent over three decades climbing the ranks at Wells Fargo. He serves on the Caltech Board of Trustees and is a member of the Michigan Ross Advisory Board, maintaining strong ties to his alma mater.

The Fake Accounts Scandal & Resignation

Tim Sloan’s tenure as CEO was overshadowed by the fallout from Wells Fargo’s massive fake accounts scandal, in which employees created millions of unauthorized accounts to meet aggressive sales targets. Although Sloan was largely exonerated in a 2017 board investigation, he faced persistent criticism that, as a longtime insider, he was not the right person to lead the bank’s reform efforts. Under intense pressure from Congress and federal regulators, Sloan announced his resignation on March 28, 2019, effective June 30, 2019.

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About Wells Fargo & Company

Wells Fargo & Company is an American multinational financial services corporation headquartered at 420 Montgomery Street, San Francisco, California. Founded on March 18, 1852, by Henry Wells, William Fargo, and Johnston Livingston during the California Gold Rush, Wells Fargo has grown into the fourth-largest bank in the United States by total assets (~$1.96 trillion). The company serves more than 70 million customers across 35+ countries and employs approximately 217,000 people.

Wells Fargo’s primary business segments include:

• Consumer Banking & Lending – Retail banking, mortgage lending, auto lending, credit cards, and personal lending
• Commercial Banking – Financial solutions for businesses with annual revenues typically from $5 million to over $2 billion
• Corporate & Investment Banking – Capital markets, advisory services, treasury management, and institutional banking
• Wealth & Investment Management – Financial planning, private banking, trust services, and brokerage through Wells Fargo Advisors

Wells Fargo trades on the New York Stock Exchange under the ticker symbol WFC. As of early 2026, the company has a market capitalization of approximately $271 billion.

Frequently Asked Questions (FAQ)

Who is Tim Sloan?

Timothy J. Sloan is an American banker who served as CEO and President of Wells Fargo from October 2016 to March 2019. A 31-year Wells Fargo veteran, he rose from the Loan Adjustment Group to the top job. He currently serves as Vice Chairman and Global Head of Real Estate at Fortress Investment Group.

Why did Tim Sloan resign from Wells Fargo?

Sloan resigned on March 28, 2019, under mounting pressure from U.S. bank regulators and members of Congress who argued that, as a longtime insider, he was not the right person to reform the bank following the fake accounts scandal. He did not receive severance, and his $15 million performance share award was canceled.

What is Tim Sloan’s net worth in 2026?

Tim Sloan’s net worth is estimated at $60–140 million as of 2026, based on reported stock holdings in Wells Fargo and California Resources Corp. He held approximately $65 million in Wells Fargo stock alone as of early 2024, according to SEC filings.

What was Tim Sloan’s salary at Wells Fargo?

At his peak in 2018, Tim Sloan earned $18.4 million in total compensation, including a $2.4 million base salary, $14 million in stock awards, and $2 million in incentive awards. In 2019, his final year, he received only his base salary of approximately $1.57 million with no bonus or stock awards.

Who is the current CEO of Wells Fargo?

The current CEO of Wells Fargo is Charlie Scharf, who was appointed in October 2019 and became Chairman of the Board in October 2025. Read our full profile on Charlie Scharf here.

Where does Tim Sloan work now?

Since March 2020, Tim Sloan has served as Vice Chairman and Global Head of Real Estate at Fortress Investment Group, a global investment firm. He is a member of the firm’s Leadership Committee, several investment committees, and the ESG Committee. He is based in Los Angeles, California.

Article last updated:March 2026March 3, 2026