By the age of 60, Mr. Cline was a popular business leader. He is the co-founder and independent chairman of Accolade. With a lot of experience and a clear vision, he has played a big role in helping Accolade grow and succeed. Therefore Michael Cline net worth has grown rapidly in the recent years. His leadership has been crucial in keeping the company innovative in the healthcare industry.
Accolade Inc and its related companies create and offer technology-based solutions to help people understand and use the healthcare system and workplace benefits in the United States. They provide a platform with cloud technology and support from health assistants and medical experts such as nurses and doctors.
They also offer second opinions and help with healthcare decisions. The company helps employers give their employees and their families a single place to manage their health and benefits. Accolade, Inc. was started in 2007 and is headquartered in Plymouth Meeting, Pennsylvania.
Michael Cline Net Worth
J. Michael Cline had a net worth of approximately $80.3 million. He made his money by buying shares in several companies such as EXULT INC, Accretive Health, Inc., Accolade, Inc., Trepont Acquisition Corp I, NEOMEDIA TECHNOLOGIES INC, and MANUGISTICS GROUP INC.
He also made his wealth by buying a property worth $20.75 million and selling Fandango to Comcast at a handsome profit. His net worth reflects his skill in building and growing successful businesses.
Insider Trading of Accolade?
Over the past four years, Accolade has had significant insider trading. Company insiders have traded over $9 million worth of stock that indicates they have confidence in the company’s future. Insiders also purchased 74 units worth $743. The most active traders include Edgar Jr. Bronfman, Jeffrey D. Jordan, and Don G. Lepore.
Accolade’s officers and independent directors trade the stock every five days on average with each trade averaging $19,485. The most recent trade was made on July 10, 2024 by Stephen H. Barnes, involving 770 units of ACCD stock, valued at approximately $2,980.
The Tragic Death of Michael Cline
J Michael Cline died tragically after falling from the 20th floor of Manhattan’s Kimberly Hotel on July 16. Police received a 911 call at around 10:19 a.m. about a man who was unconscious and had sustained injuries from a fall from a high place.
Although emergency services arrived quickly, Cline was pronounced dead at 10:30 a.m. Reports said he had left a note that shows it was a suicide. The New York Post first reported his death, which was later confirmed by police and other sources.