Herb Kelleher Net Worth
Herb Kelleher Net Worth: Herb Kelleher is the co-founder, Chairman Emeritus, and former CEO of Southwest Airlines who has a net worth of $2.5 billion dollars. Herb Kelleher was born March 12, 1931 in Camden, New Jersey 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 a member of the Delta Kappa Upsilon fraternity, and a Juris Doctor from New York University. After law school he 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 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, and Orange County. 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 is consistently named among the top five Most Admired Corporations in America.