London Daily

Focus on the big picture.
Thursday, Sep 04, 2025

New York Stock Exchange owner, Kelly Loeffler's husband, now a billionaire

New York Stock Exchange owner, Kelly Loeffler's husband, now a billionaire

Jeffrey Sprecher, CEO of Intercontinental Exchange, oversees a $63B company

Jeffrey Sprecher, husband of Sen. Kelly Loeffler, R-Ga., is now a billionaire, according to Bloomberg, as his Intercontinental Exchange (ICE) saw its stock rise more than 22% in 2020.

Sprecher is the CEO of ICE, which owns the New York Stock Exchange, and he owns approximately 1% of the company.

The company's market value is more than $63 billion (market capitalization or market value is a common method of measuring the size of a publicly-traded company and it is calculated by multiplying the current stock price by the number of shares outstanding).



As a result of its rising value, ICE continues to grow. Earlier this year it purchased Ellie May, which processes more than 40% of all new U.S. residential mortgages. With the explosion in housing sales during the pandemic and borrowing costs at record lows, Ellie May has been a booming business for ICE.

"I really don’t know how to manage a company that isn’t growing,” Sprecher said on an ICE podcast in May. “Part of managing a growing company is like the duck with your legs moving very quickly underneath. I wouldn’t really know how to float around.”

ICE's stock closed Wednesday at more than $113 per share. At its low point in 2020, it was approximately half that. ICE declined to comment on Sprecher's reported billionaire status.

Loeffler is in the middle of a hotly contested Senate race against Raphael Warnock with elections coming Jan. 5. The outcome of the race could determine which party controls the Senate. She first took office after Sen. Johnny Isakson retired in 2019 and Gov. Brian Kemp appointed her to take his place.

During her campaign, Loeffler has faced criticism from Democrats for her and her family's wealth. She faced investigations by the Justice Department and the Senate Ethics Committee after she and Sprecher sold stock shares following a briefing on the coronavirus before the pandemic led to a market crash. Those sales included transactions in shares later affected by the global pandemic.



The briefing took place on Jan. 24, and Loeffler sold stock that same day. Between Jan. 24 and Feb. 14, she and Sprecher made more than 20 stock sales between $1.275 million and $3.1 million. In addition, the couple's portfolio saw stock purchases in two companies, one of which was Citrix, which produces teleworking software.

During the pandemic, several companies involved in teleworking and teleconferencing have witnessed rising stock prices. Citrix stock is up more than 16% year to date

Loeffler claimed that her stock trades were made by a third-party financial adviser. Both the Senate and Justice Department eventually dropped their investigations without finding wrongdoing.

Newsletter

Related Articles

0:00
0:00
Close
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Queen Camilla’s Teenage Courage: Fended Off Attempted Assault on London Train, New Biography Reveals
Scottish Brothers Set Record in Historic Pacific Row
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Court of Appeal Allows Asylum Seekers to Remain at Essex Hotel Amid Local Tax Boycott Threats
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Nvidia Reveals: Two Mystery Customers Account for About 40% of Revenue
Woody Allen: "I Would Be Happy to Direct Trump Again in a Film"
Pickles are the latest craze among Generation Z in the United States.
Deadline Day Delivers Record £125m Isak Move and Donnarumma to City
Nestlé Removes CEO Laurent Freixe Following Undisclosed Relationship with Subordinate
Giuliani Seriously Injured in Accident – Trump to Award Him the Presidential Medal of Freedom
EU is getting aggressive: Four AfD Candidates Die Unexpectedly Ahead of North Rhine-Westphalia Local Elections
Lula and Putin Hold Strategic BRICS Discussions Ahead of Trump–Putin Summit
WhatsApp is rolling out a feature that looks a lot like Telegram.
Investigations Reveal Rise in ‘Sex-for-Rent’ Listings Across Canada Exploiting Vulnerable Tenants
Chinese and Indian Leaders Pursue Amity Amid Global Shifts
European Union Plans for Ukraine Deployment
ECB Warns Against Inflation Complacency
Concerns Over North Cyprus Casino Development
Shipping Companies Look Beyond Chinese Finance
Rural Exodus Fueling European Wildfires
China Hosts Major Security Meeting
Chinese Police Successfully Recover Family's Savings from Livestream Purchases
Germany Marks a Decade Since Migrant Wave with Divisions, Success Stories, and Political Shifts
Liverpool Defeat Arsenal 1–0 with Szoboszlai Free-Kick to Stay Top of Premier League
Prince Harry and King Charles to Meet in First Reunion After 20 Months
Chinese Stock Market Rally Fueled by Domestic Investors
×