Matthew Cox Net Worth and His Success in Maritime Logistics

Matthew J. Cox is the Chairman and CEO of Matson, Inc., a leading provider of transportation and logistics services in the Pacific. With decades of experience in the shipping and logistics industry, Cox has played a pivotal role in Matson’s growth and modernization.

Under his leadership, the company has achieved significant milestones, expanding its fleet and enhancing its global reach. Many are curious about the financial standing of the man at the helm. Exploring Matthew Cox’s net worth provides insights into the wealth he has amassed through his strategic leadership and extensive career at Matson.

Who Is Matthew Cox?

Matthew J. Cox joined Matson in 2001 as Senior Vice President and CFO, and he quickly rose through the ranks, becoming President in 2012, CEO in 2017, and Chairman in 2018. His leadership has been instrumental in modernizing Matson’s fleet, expanding its global logistics network, and prioritizing sustainability.

Professional Background and Education

Cox holds a Bachelor’s degree in Economics and Political Science from the University of California, Berkeley. Before joining Matson, he gained extensive experience in maritime operations at American President Lines, preparing him for leadership in the logistics industry.

Key Achievements at Matson

As CEO, Cox has overseen major initiatives, including:

1. Fleet Modernization: Investing in fuel-efficient vessels and eco-friendly practices.
2. Global Expansion: Enhancing Matson’s logistics network in Asia, the Pacific, and the U.S. mainland.
3. Sustainability: Driving efforts to reduce emissions and improve environmental practices.

Estimated Net Worth

Image source: matson.gcs-web.com

As of 2024, Matthew J. Cox’s net worth is estimated to exceed $28 million, primarily attributed to his leadership role as Chairman and CEO of Matson, Inc., coupled with his significant stock holdings and executive compensation. Below is a detailed breakdown of the factors contributing to his net worth:

1. Stock Holdings

Matthew J. Cox is a significant shareholder in Matson, Inc., owning approximately 208,898 shares of the company’s stock. As of early 2024, Matson’s stock is valued at around $135 per share, making Cox’s equity in the company worth an estimated $28.2 million.

• Stock Value Estimate:
  • Shares Owned: 208,898
  • Stock Price (Approx.): $135/share
  • Total Value: $28,201,230
• Dividend Income:
  Matson, Inc. pays regular dividends to its shareholders. With a dividend yield of approximately 2.5%, Cox’s stock generates annual dividend income of around $705,000. These dividends provide a consistent passive income stream.

2. Executive Compensation

As Chairman and CEO of Matson, Cox’s compensation package includes a combination of base salary, bonuses, stock options, and other incentives. Public filings with the SEC provide transparency about executive earnings, and Cox’s package is considered competitive within the logistics industry.

• Base Salary:
  Cox’s annual base salary is reported to be approximately $1.1 million, reflecting his strategic importance to the company’s operations.
• Bonuses and Performance Incentives:
  Performance-based bonuses tied to company revenue and operational milestones can range from $800,000 to $1.5 million annually, depending on Matson’s financial performance.
• Stock Options and Restricted Stock Units (RSUs):
  Cox regularly receives stock options and RSUs as part of his compensation. These options allow him to purchase shares at favorable prices, significantly increasing his long-term wealth. Annual stock option grants typically range between $750,000 and $1.2 million, depending on performance targets.

3. Retirement and Deferred Compensation

As a long-serving executive, Cox likely participates in Matson’s retirement and deferred compensation programs. These programs provide additional financial security and benefits, including contributions tied to his salary and bonuses.

• Deferred Compensation Plan:
  Cox may defer a portion of his earnings into tax-advantaged plans, ensuring wealth accumulation for his post-retirement years. Annual contributions are estimated at $200,000 to $300,000.

4. Other Investments and Assets

Although most of Cox’s wealth is tied to Matson, he may hold additional investments, including real estate or diversified stock portfolios. While details about his private holdings are not disclosed, executives of his stature often invest in properties and private equity funds.

• Real Estate Assets:
  Cox is likely to own luxury residential properties, potentially valued in the range of $3 million to $5 million, based on his financial profile and industry peers.
• Additional Investments:
  Other potential assets include investments in mutual funds, index funds, and alternative ventures. These could add an estimated $1 million to $2 million to his overall net worth.

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