Hugh McColl is a retired American banker and businessman who served as the CEO and chairman of Bank of America from 1991 to 2001. As of 2023, Hugh McColl’s net worth is estimated to be around $1.2 billion, making him one of the wealthiest former bankers in the United States.
McColl’s wealth stems from his successful career in banking. He joined Bank of America in 1965 and quickly rose through the ranks, eventually becoming CEO in 1991. Under McColl’s leadership, Bank of America grew into one of the largest banks in the United States, and its stock price increased significantly. McColl also played a key role in the merger of Bank of America and NationsBank in 1998, which created the largest bank in the United States at the time.