Blair LaCorte Net Worth 2026: Former AEye and XOJET CEO

No reputable outlet has published an estimate of Blair LaCorte's net worth, so the $27 million figure that used to appear here, which had no source, has been removed. LaCorte is a Silicon Valley executive best known for running private jet company XOJET and then lidar maker AEye, which he took public through a $2 billion SPAC merger in 2021 before stepping down as CEO in February 2023.

What is Blair LaCorte's net worth?

There is no reliable figure. LaCorte has spent more than 35 years in senior roles at GE, Sun Microsystems, private equity firm TPG, XOJET and AEye, so he has clearly earned well, but no outlet has reported his total holdings. Pay in any one year does not add up to a net worth, and AEye shares later traded below $1, which would have cut the value of any AEye equity he kept.

The earlier version of this page also listed a $980,000 annual income, a height and weight, and an age of 70. None had a source, and the age was wrong: Business Jet Traveler gave his age as 49 in April 2012.

Early life and education

LaCorte told The New York Times in 2012 that he was born prematurely with infant respiratory distress syndrome and had exercise-induced asthma as a child, which kept him out of sports until he took up running at about 10. He grew up in Beverly, Massachusetts, where he set a cross-country course record at his high school.

His parents divorced when he was young, and both households ran businesses: his father a family recruiting firm, his mother and stepfather a small regional airline in Massachusetts. He graduated from the University of Maine with a business degree in 1985, then earned an MBA from Dartmouth's Tuck School of Business in 1990.

Career

The Sun Microsystems accident

LaCorte has said his move into technology was partly a misunderstanding. When a former boss mentioned a job at Sun, he assumed it meant Sun Oil and accepted without asking more; the offer letter came from Sun Microsystems, he told the Times.

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XOJET

LaCorte joined XOJET, a private jet operator backed by TPG, as president in 2009, became interim CEO in 2010 and full CEO a year later, according to Business Jet Traveler. Tuck's alumni profile says that during his three years in charge, XOJET's market share rose from 9 to 23 percent while the private aviation market shrank by 30 percent, making it the world's second-largest private aviation business. He then stepped away to take a break before returning to work part time.

AEye and the SPAC deal

AEye, a Dublin, California, company that makes lidar sensors and software for driver assistance and self-driving systems, named LaCorte CEO in October 2020, with founder Luis Dussan becoming president and CTO. In February 2021 AEye agreed to go public by merging with CF Finance Acquisition Corp. III, a blank-check company sponsored by Cantor Fitzgerald, in a deal valued at $2 billion that was expected to give AEye $455 million in cash, Bloomberg reported via Transport Topics. Backers included Continental, GM Ventures, Intel Capital and the Subaru-SBI Innovation Fund.

LaCorte told Bloomberg that AEye's growth would come from advanced driver-assistance systems rather than fully driverless cars. The merger closed in August 2021 and AEye began trading on Nasdaq as LIDR, according to Business Wire.

AEye began searching for his successor in December 2022. Former Intel and Verifone executive Matt Fisch became CEO on February 13, 2023, and LaCorte moved to the company's advisory board, citybiz reported. By 2025 AEye had received a Nasdaq notice for trading below the $1 minimum bid price.

Family

Business Jet Traveler reported in 2012 that he spent his free time with his wife and three sons and coached soccer. The earlier version of this page contained invented descriptions of his marriage, which have been removed.

Why no estimate exists

LaCorte's wealth comes from decades of executive pay, private equity roles at TPG and equity in private and public companies whose outcomes are only partly visible. The one visible public equity link, AEye, fell below Nasdaq's $1 minimum bid price by 2025. Without a reported figure from a reputable outlet, we do not publish one. For another executive profile on this site, see Larry Potterfield.