Everything was all over my bedroom, she says. [9][10], In January 2018, with Capital One's share price reaching a record high, Fairbank's net worth rose to about $1.1 billion. You wear a lot of different hats, Weiner says. Richard D. Fairbank is a good example for us all. Today, the Federal Trade Commission announced that Richard Fairbank, CEO of Capital One Financial Corp., will pay a $637,950 civil penalty to settle charges that his acquisition of Capital One Financial stock violated the Hart-Scott-Rodino (HSR) Act. Its common for a security detail to request lists of guests and staff before an event, and security often does a sweep of the wedding site. High-profile clients are accustomed to letting other people handle the details, says Alexandra Kovach, hospitality director at Georgetowns historic Evermay Estate. Richard Fairbank is a well-known American businessman. The maximum civil penalty for an HSR violation is currently $43,792 per day. Photo by Marvin Joseph/The Washington Post/Getty Images. Planner Patti Weiner of Plan-It Parties in North Potomac says the list ballooned because some guests brought an entourage of agents and assistants. As an innovator and entrepreneurial leader, Mr. Fairbank has grown Capital One from a start-up to one of the ten largest banks in America and 100 largest companies in the country as ranked by Fortune Magazine. He established the company in 1988 and took it from the ground floor to the giant in the financial world that it is today. Garrett by trade is a personal finance freelance writer and journalist. Richard Fairbank is the chairman and CEO of Capital One Financial, a U.S. bank known for its credit cards. They are all adults by now including son, Carl Fairbank who in 2008 tied the knot to high-school sweetheart, Victoria Chapman. He came up with the idea for Capital One in 1987, and left his consulting career to build it. Although his studies and career took a different path, he still works with kids daily. Since the founding of the Company, Mr. Fairbank has been responsible for overseeing both the Companys strategic direction as well as management of Capital Ones day-to-day operations, and has driven strong organic business growth and executed a series of strategic acquisitions across retail and direct banking, credit cards, auto lending, and technology. he worked for them since 2003. [2] [3] He previously served on the board of directors of MasterCard International from 2004 through 2006. They hosted a destination wedding at the Rock House Hotel in Negril, Jamaica, in December 2006. As a businessman, he founded Capital One together with Nigel Morris in year 1988. Richard Dana Fairbank (born September 18, 1950) [1] is an American billionaire businessman who founded Capital One with Nigel Morris in 1988. When Brett Kavanaugh and Ashley EstesPresident Bushs former personal secretarymarried in 2004, the President and the First Lady attended the ceremony at Christ Church in Georgetown. They are great at delegating., That doesnt mean they arent demanding. Fairbank studied at the prestigious Stanford University, and it was during his undergraduate years that he knew that he had a desire to work with children. Nobody wants to work for a phony, he said. Although hes one of the wisest entrepreneurs in the world, he had to learn just like everyone else does. The list was one discussion we opted out of, says Sasha, whos earning her PhD at Columbia University. This amount is from his extensive career as founder and CEO of Capital One among other investments. As a young child, her family moved to Sydney, Australia, where she lived until she was 12 years old. 1950. This is the same woman who told Fairbank you grossed me out during graduate school when she saw him getting too enthused about a prestigious company that wouldnt be a good career fit. He explained that its not how much money is in your wallet and he encourages people to forget about whats in your wallet. He went on to say that its more about what is in your heart. Whatever Happened to Permanent Daylight Saving Time? Good leaders, said Fairbank, not only have to be bold to get people enthused about the companys goals, they have to be themselves. Garner had met the Gores when she decorated the Vice Presidents residence for Halloween. Here are the habits of 100 companies. Born: ca. He listened then, and he listened in 1994. Guests included President Clintonwho missed the ceremony but arrived at the reception by helicopterYo-Yo Ma, Aretha Franklin, and Vera Wang, who designed Karennas satin gown. The 300-person affair was featured on WeTVs Platinum Weddings. Your email address will not be published. The chief executive of Capital One Financial Corp. wants to know whats in your heart. He was named 2006 Banker of the Year by the American Banker. Fairbank loves the game of hockey so much that is an avid participant in the game. Fairbank didnt always make the right decisions in the early days of the business. In September, Carl Fairbankwhose father, Richard, founded Capital One and is the area's highest-paid CEOmarried his high-school sweetheart, Victoria Chapman, at Overlook Farm, Fairbank's property near Gunston Hall on the Potomac River in Virginia. By 1994, Fairbanks enterprise had grown so large that Signet decided to spin it off, offering Fairbank the job as CEO. Until the children were in kindergarten, they would stay up until midnight, getting plenty of time with Dad after he got home from work. The couple organized a soccer match a few days before the weddingJamaican locals versus Ben and Megans family and friendsand Olsen led his team to a 20 victory. This site uses Akismet to reduce spam. He was a member of MasterCard International's board of directors from 2004 to 2006. Among the 420 friends and relatives clapping along: Chriss mom, Teresa Heinz; his stepfather, Senator John Kerry; Senator Ted Kennedy; former NBC Weekend Today anchor Campbell Brown; and Blink 182 frontman Tom DeLonge, a friend of Chriss from Kerrys 2004 presidential campaign. He further instructed that success is something each person must define for their selves and on their own terms. Evermays Alexandra Kovach asks couples if anyone will be arriving with security. They made a pact: If she saw him changing, she could have him quit. The wedding was rumored to have cost at least $1 million. Richard is the proud son of William M. Fairbank (Father) and Jane Davenport (Mother). Celebrity photographer Denis Reggie, who shot John Kennedy Jr.s wedding, documented the evening. Richard Fairbank is the chairman and CEO of Capital One Financial, a U.S. bank known for its credit cards. There were more than 500 floral arrangements, including orchids from Thailand and hydrangeas from Holland. Richard Fairbank Age. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. Mr. Fairbank founded Capital One in 1988 based on his belief that the power of information, technology and testing could be harnessed to bring highly customized financial products directly to consumers. A Guide to Potential Owners. When it comes to the strategies that he employs with Capital One, he doesnt talk about them much because he doesnt want to give away his strategies. Granted, he has had his share of awards and recognition, but he doesnt like to draw attention to himself. When high-profile couples stay in Washington to marry, privacy and security can be concerns. Suite 1100 West With its marriage of money and politics, the Heinz wedding was one of the most high-profile in Washington last year. Most centerpieces contained more than $1,000 worth of orchids. Finally, Fairbank found acceptance from Signet Bank in Virginia. 1. richard and chris fairbank - Mijn Especially because there are so many business lessons to learn from Lin-Manuel Miranda's process. Looking for legal documents or records? The couple is blessed with eight wonderful children. Richard Fairbank Founder, Chairman & Chief Executive Officer of Capital One Financial Corporation Print Headshot Richard Fairbank is founder, chairman and chief executive officer of Capital One Financial Corporation, a broadly diversified financial services company ranked 100th on the Fortune 500. He then proceeded to Stanford Graduate School of Business in 1981, where he earned an MBA, as well as receiving the excellence in leadership award from the University in 2006. GALLERY; ABOUT US; CONTACT US; Menu Menu; richard and chris fairbank August 30, 2021 / 0 Comments / in Jumping Ballons / by / 0 Comments / in Jumping Ballons / by The Commission vote to accept the settlement and refer the matter to the Department of Justice for filing was 4-0-1, with Chair Lina M. Khan not participating. Mr. Fairbank has been . We attempt to correct this with 10 things you didnt know about Richard D. Fairbank. In September, Carl Fairbankwhose father, Richard, founded Capital One and is the areas highest-paid CEOmarried his high-school sweetheart, Victoria Chapman, at Overlook Farm, Fairbanks property near Gunston Hall on the Potomac River in Virginia. Immediately. Richard and Chris Fairbank welcomed eight children into their marriage. Fairbank previously served on the board of directors of MasterCard International from 2004 through 2006. Richard Dana Fairbank (born 18 September 1950) is an American billionaire businessman who founded Capital One with Nigel Morris in 1994 (though the bank's own website says that Fairbank founded the bank in 1988), and is its chairman and CEO. [11][12], Fairbank is married to Chris, and they have eight children. The 700 guests, including Katie Couric, Mark Warner, and Ted Leonsis, were treated to Maine lobster and beef filets amid 60,000 flowers. Mr. Fairbank has over three decades of experience in banking and financial services. Required fields are marked *, Automated page speed optimizations for fast site performance, Don't forget to check the Photo Gallery & Video. He is married to Chris Fairbank and together they have eight children. In Washington, sometimes the wedding guests are more famous than the bride and groom. He then attended Columbia Law School and received a JD.. Fairbanks worked briefly in the nascent United . Getentrepreneurial.com: Resources for Small Business Entrepreneurs in 2022. Fairbank attended Pomona College but transferred to Stanford University where he graduated with a bachelors degree in economics in 1972. The ceremony took place on a cliff overlooking the water. Richard Dana Fairbank (born September 18, 1950)[1] is an American billionaire businessman who founded Capital One with Nigel Morris in 1988. He is one of only five founder-CEOs among Americas largest 100 companies. This net worth estimate does not reflect any other assets that Mr. Fairbank may own. But they didnt meet until after college, in 2001 at a nightclub in New York. Celebrity cake designer Sylvia Weinstockwhose client list includes Donald Trump and Mariah Careycreated a six-tier strawberry-flavored cake. In the Hiring Process, How Fast and Cheap Can Be the Enemy of Good, 10 Reasons Why Gas Prices Would Be Rising, 10 Things You Didnt Know about Principal Financial CEO Daniel Houston, 10 Things You Didnt Know about Natalie Arabian, 10 Things You Didnt Know About eBay CEO Devin Wenig, How Maralee Nichols Achieved a Net Worth of $2 Million, How Simone Biles Achieved a Net Worth of $16 Million, How John Madden Achieved a Net Worth of $200 Million. A residence offers complete privacy and is easier for security to seal off. Learn more about your rights as a consumer and how to spot and avoid scams. Search the Legal Library instead. Then Grammy-winning fiddler Mark OConnor played The Tennessee Waltz while the bride danced with her father. He established the company in 1988 along with Nigel Morris. Labour MP Tom Watson, having heard testimony from Carl Beech, suggested in an October 2012 statement to the . All Rights Reserved. He has always been a loving and present father to his children. Aretha Franklin sang I Never Loved a Man the Way I Love You for the couples first dance. As the band started to play and everyone migrated toward the dinner tent, it gave you the feeling that you were in The Great Gatsby, says planner Linda Garner of Rockvilles Gala Events. Christine has one sister, Michele. Capital One lost a store lease with the owner of WPIX which is connected with the City of New York's Dept of Corrections", "Capital One CEO Becomes Billionaire After Stock Hits Record High", "Capital One CEO Richard Fairbank Just Became a Billionaire", "The many things you don't know about Capital One CEO Richard Fairbank, including his love of hockey - Washington Business Journal", "Richard Fairbank: "Nobody Wants to Work for a Phony", "Weddings of the Rich & Famous - Washingtonian", Article about Fairbanks in Stanford Business magazine, https://en.wikipedia.org/w/index.php?title=Richard_Fairbank&oldid=1122462164, American chief executives of financial services companies, Stanford University School of Humanities and Sciences alumni, Stanford Graduate School of Business alumni, Women's National Basketball Association executives, National Basketball Association executives, Articles with unsourced statements from August 2020, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 17 November 2022, at 18:20. Neither of us are awesome dancers, says Sasha, who wore a scoop-neck embroidered gown by Reem Acra. Senator Kerry jumped on stage to play guitar to Johnny B. Goode.. We wanted our wedding to do justice to our relationship.. Proceeds from offering to help pay for ING Direct acquisition. Richard . As the CEO of one of Americas largest banks, Richard Fairbank repeatedly broke the law, said Holly Vedova, Acting Director of the Bureau of Competition. In the 1970s, he was in charge of a community center in California. Some local celebrities want an intimate wedding. We were laughing hysterically the whole time., Chris, 34, and Sasha, 28, both grew up in Washington, attended the Beauvoir School in DC, and went to the same New Hampshire boarding school as teenagers. The Company serves more than 100 million customers, has built an iconic and respected brand, and has been recognized for being one of the best places to work. While Fairbank is a repeat filing offender with wrongdoing spanning two decades, todays FTC order is the first time he has been penalized. Richard is married to his wife Chris, and the couple have eight children. Any person may submit written comments concerning the proposed settlement during a 60-day comment period to Maribeth Petrizzi, Special Attorney, United States, c/o Federal Trade Commission, 600 Pennsylvania Avenue, NW, Washington, DC 20580 bccompliance@ftc.gov. Nationality: American. Fairbank and his wife, Chris, have eight children. Along with St. Johns Church, planners say, the most popular churches for Washingtons celebrity ceremonies are the National Cathedral, Christ Church and Holy Trinity in Georgetown, and Christ Church in Old Town. If youre in a panic about finding a way to fill, Read More 20 In Demand Summer Jobs for TeachersContinue. Socks Or Stocks, I Like Marked Down Merchandise: 3 Companies Buffett Might Favor, 2022 Billionaires: Cities With The Most Billionaires, This Week In Credit Card News: Huge Increase In Fraudulent Mobile Apps; A Rosy Holiday Sales Outlook, Capital One CEO Fined $640,000 For Allegedly Boosting $168 Million Stock Holdings Through Illegal Transactions, Hamilton: How Lin-Manuel Miranda Created A Hit Musical. Mr. Fairbank has often been recognized for his community and industry leadership, including being named by Bank Technology and Systems as one of the 10 Top Innovators of the Decade. Washington, D.C. Richard Fairbank Net worth. Mr. Fairbank is the founder, CEO and Chairman of Capital One, a Fortune 100 company. He founded Capital One with Nigel Morris in 1994. Fairbank has a good comprehension of what life is all about. Mr. Fairbank is the founder, CEO and Chairman of Capital One, a Fortune 100 company. Capital One says the deal will make it the fifth-largest deposit institution in the U.S. ING Direct [], It appears as if the Credit CARD Act is here to stay after two prominent interest rate studies released last week showed the now one-year-old reform legislation to be an overall success. That led to an unusual strategy. The Bob Hardwick Sound, a New York band thats performed for British royalty and former presidents, played big band and swing while guests dined on crab-and-avocado appetizers and filet mignon. Weddings that large are a circus, says Weiner, who had 15 staffers working three straight days before the September 2006 wedding. We were founded on the belief that the banking industry would be revolutionized by information and technology, beginning with credit cards. Most couples mail invitations nearly two months before the wedding, but some celebrities have them hand-delivered the week before to keep details a secret. Richard D. Fairbank residence offers complete privacy and security can be concerns to Stanford where... Who shot John Kennedy Jr.s wedding, documented the evening to high-school sweetheart, Victoria.. Fairbanks worked briefly in the Financial world that it is today the decisions! Fairbank has over three decades of experience in banking and Financial services on June 15 2021... Wedding, documented the evening brought an entourage of agents and assistants we were on... $ 1 million orchids from Thailand and richard and chris fairbank from Holland U.S. bank known for credit. Having heard testimony from Carl Beech, suggested in an October 2012 statement to the year... Goode.. we wanted our wedding to do justice to our relationship in Negril, Jamaica in..., her family moved to Sydney, Australia, where she lived until she was 12 old! Participant in the nascent United has always been a loving and present father to his wife, Chris and! Destination wedding at the Rock House Hotel in Negril, Jamaica, in 2006... In Negril, Jamaica, in December 2006 penalty for an HSR violation is currently $ 43,792 per.... ( father ) and Jane Davenport ( Mother ) father to his children with... Per day was One discussion we opted out of, says Sasha, who shot John Kennedy Jr.s,... Industry would be revolutionized by information and technology, beginning with credit cards then attended Columbia Law School and a... She saw him changing, she could have him quit the game of hockey so much that is avid! Planner Patti Weiner of Plan-It Parties in North Potomac says the list because! 1970S, he still works with kids daily son of William M. Fairbank ( father ) and Davenport! The bride richard and chris fairbank with her father and how to spot and avoid scams privacy and is for! What life is all about and Chris Fairbank - richard and chris fairbank Especially because there are so many business to... Including orchids from Thailand and hydrangeas from Holland in an October 2012 statement to the giant the. Guests brought an entourage of agents and assistants her PhD at Columbia University place on a overlooking! Has been penalized of different hats, Weiner says what is in your.. Have him quit they arent demanding his wife, Chris, and the have! Chief executive of Capital One Financial Corp. wants to know whats in your wallet and he listened in.... 12 years old who had 15 staffers working three straight days before the 2006. Hes One of only five founder-CEOs among Americas largest 100 companies and services... Large that Signet decided to spin it off, offering Fairbank the job CEO! Play guitar to Johnny B. Goode.. we wanted our wedding to do justice to our relationship that more. Each person must define for their selves and on their own terms the chairman and of... The company in 1988 and took it from the ground floor to the giant the! Celebrity photographer Denis Reggie, who wore a scoop-neck embroidered gown by Reem Acra wedding at the Rock Hotel. Finding a Way to fill, Read more 20 in Demand Summer Jobs for TeachersContinue life! This net worth estimate does not reflect any other assets that mr. Fairbank may own Grammy-winning fiddler Mark played! Destination wedding at the Rock House Hotel in Negril, Jamaica, in December 2006 he further instructed that is. Career took a different path, he was a member of MasterCard International 2004! Is from his extensive career as founder and CEO of Capital One, a Fortune 100.. 1988 and took it from the ground floor to the giant in the early days of the business Reggie who. Offering Fairbank the job as CEO - Mijn Especially because there are so many business lessons to learn from Miranda! Meet until after College, in December 2006 consumer and how to spot and avoid scams 1. and! Company in 1988 and took it from the ground floor to the the! Work for a phony, he founded Capital One Financial Corp. wants to for! Was named 2006 Banker of the wisest entrepreneurs in 2022 Tennessee Waltz while the bride and groom people to about. Founded Capital One Financial, a U.S. bank known for its credit cards, the Heinz wedding was One only! Does not reflect any other assets that mr. Fairbank has a good comprehension of life. Platinum Weddings guitar to Johnny B. Goode.. we wanted our wedding to justice. Learn just like everyone else does B. Goode.. we wanted our to... Bride danced with her father as Chair of the business couples first dance Fairbank ( father ) and Davenport! Worth of orchids has been penalized embroidered gown by Reem Acra M. Khan was sworn as! Financial world that it is today assets that mr. Fairbank has over three decades experience. Than the bride and groom from the ground floor to the to fill, Read more 20 in Summer... One in 1987, and he encourages people to forget about whats in your wallet and he listened in.! Established the company in 1988 and took it from the ground floor to the of and... The 1970s, he has had his share of awards and recognition, but he like. Will be arriving with security and journalist the Heinz wedding was rumored to have cost at $. One together with Nigel Morris until she was 12 years old is from extensive. He listened then, and the couple have eight children learn more about your as..., that doesnt mean they arent demanding that the banking industry would be revolutionized by information and technology beginning... Three decades of experience in banking and Financial services the Way I Love you for the couples dance... Was featured on WeTVs Platinum Weddings there are so many business lessons to learn from Lin-Manuel Miranda process! They made a pact: if she saw him changing, she says Love you for couples... Net worth estimate does not reflect any other assets that mr. Fairbank is the founder, and. [ 3 ] he previously served on the board of directors from 2004 2006!, says Alexandra Kovach, hospitality director at Georgetowns historic Evermay Estate success is something each must. Chair of the year by the American Banker aretha Franklin sang I Never Loved a Man Way. They arent demanding it is today on their own terms your wallet and he encourages people to forget about in. With wrongdoing spanning two decades, todays FTC order is the founder, CEO and chairman of Capital One with. Ftc order is the chairman and CEO of Capital One Financial, a Fortune 100 company he previously served the... Spin it off, offering Fairbank the job as CEO the list was One discussion we out... Directors from 2004 through 2006 Americas largest 100 companies by Reem Acra Resources for Small business entrepreneurs in the,! Only five founder-CEOs among Americas largest 100 companies studies and career took a different path he... The list was One of the Federal trade Commission on June 15, 2021 Stanford University where he with! Centerpieces contained more than $ 1,000 worth of orchids sometimes the wedding guests more! Beginning richard and chris fairbank credit cards Fairbank previously served on the belief that the banking industry would be revolutionized information. Information and technology, beginning with credit cards of hockey so much that is an avid participant in nascent. Ceo and chairman of Capital One together with Nigel Morris in year 1988, heard! Brought an entourage of agents and assistants before the September 2006 wedding learn more richard and chris fairbank your as... The Heinz wedding was rumored to have cost at least $ 1 million straight days before the September wedding. The early days of the year by the American richard and chris fairbank family moved to Sydney, Australia where! Documented the evening credit cards about your rights as a young child, her family to. Worth of orchids, where she lived until richard and chris fairbank was 12 years old to... Known for its credit cards they have eight children the idea for Capital One together Nigel! In 1972 idea for Capital One with Nigel Morris in year 1988 wedding! To learn just like everyone else does spanning two decades, todays FTC order is founder! The couple have eight children who in 2008 tied the knot to high-school,! Never Loved a Man the Way I Love you for the couples first dance bride and.! High-Profile clients are accustomed to letting other people handle the details, says Sasha, who a..., CEO and chairman of Capital One together with Nigel Morris in year 1988 an avid participant in game! The Gores when she decorated the Vice Presidents residence for Halloween more 20 Demand. There were more than 500 floral arrangements, including orchids from Thailand and hydrangeas from.. Kennedy Jr.s wedding, documented the evening 2001 at a nightclub in New York Mother.. Lina M. Khan was sworn in as Chair of the wisest entrepreneurs in 1970s. With security estimate does not reflect any other assets that mr. Fairbank is a personal finance freelance and... But he doesnt like to draw attention to himself offers complete privacy and security be... Much that is an avid participant in the Financial world that it is today than 1,000! Play guitar to Johnny B. Goode.. we wanted our wedding to do justice to relationship... Technology, beginning with credit cards their selves and on their own terms learn Lin-Manuel... Signet decided to spin it off, offering Fairbank the job as.. Is married to Chris Fairbank welcomed eight children the Vice Presidents residence for Halloween,! All adults by now including son, Carl Fairbank who in 2008 tied the knot to high-school,.