Henry M. Paulson, Jr. was born on the 28th March 1946 in Palm Beach, Florida USA, and is a businessman and politician, perhaps most noted in business for having held the position of the Chairman and CEO of the bank Goldman Sachs. A member of the Republican Party, he was appointed the Secretary of the Treasury in the administration of President George W. Bush from 2006 to 2009, among other political appointments held. Paulson has been active in politics and business since 1970.
How much is the net worth of Henry Paulson? It has been estimated by authoritative sources that the total size of his wealth is as much as $700 million, as of the data presented in the middle of 2016.
Henry Paulson Net Worth $700 Million
To begin with, Paulson spent his childhood in Barrington, Illinois, and subsequently graduated from Dartmouth College in 1968 with a degree in English literature, and continued with postgraduate studies at Harvard Business School.
Concerning his professional career, he was an assistant to the Assistant Secretary of Defence at the Pentagon (1970 – 1972), and a member of the Privy Council of the White House under the presidency of Richard Nixon (1972 to 1974). He joined the investment bank Goldman Sachs office in Chicago in 1974, and subsequently led the Midwest branch of the bank group from 1982 to 1988; from 1990 to 1994, he co-led the investment department. In 2006, he was appointed by President Bush to succeed John W. Snow as Secretary of the Treasury, confirmed by the Senate and taking office on the 3rd July 2006. He was noted for his opposition to any public bailout of the Lehman bank, the collapse of which is seen as precipitating the GFC, At the beginning of 2009, he was succeeded by Tim Geithner.
In addition, Paulson is known for his commitment to nature conservation. As a long standing member of the Nature Conservancy he was temporarily a chairman and currently is the member of the Asia Pacific Council. In his capacity, Paulson closely worked with the former president of the People’s Republic of China, Jiang Zemin , taking measures to save the Tiger Leaping Gorge in the province of Yunnan, in the Southwest China. He also donated $100 million dollars of his Goldman Sachs stock package for nature conservation and environmental education. Paulson is a member of the advisory board of the Peregrine Fund, which stands for the protection of birds of prey. He was a founding member and chairman of the School of Economics and Management of Tsinghua University in Beijing.
In 2015, his book “Dealing with China: An Insider Unmasks the New Economic Superpower” was published. It should also be noted, that the character of Henry Paulson was brought to the television series “Too Big to Fail: Debacle on Wall Street” (2011); his character was played by the actor William Hurt, and then the character of Paulson was seen in the documentary “Hank: Five Years From the Brink” (2013). All his activities have contributed to his net worth.
Finally, in the personal life of the politician and businessman, he has been married to his college sweetheart Wendy Judge since 1969 – their two children are journalist Amanda Paulson and sports team owner Henry Merritt Paulson III. In 2007, Henry Paulson became a grandfather.
