Jack Welch Welch in 2012 Born John Francis Welch, Jr. (1935-11-19) November 19, 1935 Peabody, Massachusetts, U.S. Residence Boston, Massachusetts, U.S. Alma mater University of Massachusetts Amherst University of Illinois at Urbana Champaign Occupation Chairman & CEO of General Electric (1981 - 2001) Home town Salem, Massachusetts, U.S. Net worth $US 750 million (May 2012) Political party Republican Spouse(s) Carolyn B. Osburn (1959-87) Jane Beasley (1989–2003) Suzy Wetlaufer (2004–present)