Herb Kelleher Net Worth is$2.5 Billion
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Profession: Lawyer, Businessperson
Date of Birth: Mar 12, 1931
Nicknames: Herbert D Kelleher
Country: United States of America
Herbert D. Kelleher is the co-founder, and Chairman Emeritus and former CEO of Southwest Airlines, with a net worth of $2.5 billion. Herbert Kelleher has earned his net worth from his Texas law firm and later from the creation of Southwest Airlines. He was born in Haddon Heights, New Jersey; he earned a bachelor's degree from Wesleyan University and a Juris Doctor from New York University.
Herbert "Herb" Dwight Kelleher (born March 12, 1931) is the co-founder, Chairman Emeritus, and former CEO of Southwest Airlines (based in the United States).
Kelleher was born in Trenton, New Jersey on March 12, 1931 and raised in Audubon, New Jersey, where he graduated from Haddon Heights High School. He has a bachelor's degree from Wesleyan University where he was an Olin Scholar and where his major was English and his minor Philosophy, and a Juris Doctor from New York University where he was a Root-Tilden Scholar. At Wesleyan he was a member of Delta Kappa Epsilon fraternity. He is married to the former Joan Negley and they have four children.
The Kellehers moved to Texas intending to start a law firm or a business. Kelleher and one of his law clients, Texas businessman Rollin King, created the concept that later became Southwest Airlines on a cocktail napkin in a San Antonio, Texas restaurant. From its birth in 1971 - after overcoming a year's worth of legal challenges from competitors who tried to keep it grounded - Southwest succeeded by daring to be different: offering low fares to its passengers by eliminating unnecessary services and avoiding the "hub-and-spoke" scheduling system used by other airlines in favor of building traffic in such secondary airports as Albany, Chicago-Midway (instead of Chicago-O'Hare) and Orange County.
Some of the notable characteristics of Southwest during its early years included an innovative 10 minute turnaround, airhostesses in hotpants, and free bottles of alcohol with every ticket.
During his tenure as CEO of Southwest, Kelleher's colorful personality created a corporate culture which made Southwest employees well-known for taking themselves lightly-often singing in-flight announcements to the tune of popular theme songs-but their jobs seriously. Southwest has never had an in-flight fatality. Southwest is consistently named among the top five Most Admired Corporations in America in Fortune magazine's annual poll

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Herb Kelleher Latest News

American pilots expose frailty of CEO's $1 billion labor bet

Workers invested in the success of their company take better care of customers, who, in turn, reward shareholders by providing repeat business, he has said, espousing a philosophy championed by Southwest Airlines Co. co-founder Herb Kelleher. Having the ...
Posted: December 5, 2017, 3:36 pm

Treating Customers Right Starts By Treating Employees Right

You are genuine and what you see is what you get. One of the role-models in this strategy is Herb Kelleher of Southwest Airlines. If you’ve been reading the Shepard Letter or any of my past books, you know there has always been an emphasis on internal ...
Posted: March 1, 2011, 9:17 am

Remarks To The Annual Government-Business Forum On Small Business Capital Formation, SEC Chairman Jay Clayton

[2] We were excited to take this year’s Forum outside of the nation’s capital, and we have received a warm welcome and generous support from the Herb Kelleher Center at the McCombs School of Business at The University of Texas at Austin. I want to ...
Posted: November 30, 2017, 8:05 am
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