Businesspersons
Richard Fuld Net Worth
Richard Severin Fuld Jr.'s Net Worth as of 2024
$200 Million
Richard Severin Fuld Jr. is a New York City-born American business personality as well as a banker, who is perhaps best known for being the final chairman and CEO of Lehman Brothers. Born on 26 April 1946, Fuld is also known by the nickname “Gorilla” on Wall Street for his competitiveness. He has been active in his career as a businessperson since 1969.
One might wonder how rich is Fuld? As estimated by sources, Richard counts his net worth at an amount of $200 million, as of early 2017, acquired mainly from his career as the CEO of Lehman Brothers. He was considered as the number one CEO by Institutional Investor magazine in 2006, as he helped the company to recover from its yearly loss. Being the CEO of Lehman brothers, he helped the company gain a net $4.2 billion in 2007 after fourteen years of continuous profits. The company however filed for bankruptcy a year later, after which he was replaced by Bart McDane.
Richard Fuld Net Worth $200 million
Raised in New York in a Jewish family, Fuld is a second cousin of Sam Fuld, an Oakland Athletics outfielder. He received his BA and BSc from the University of Colorado, Boulder, in 1969, and then completed his MBA at New York University’s Stern School of Business four years later; he was also president of the Alpha Tau Omega fraternity. Fuld started his career as an Air Force pilot, but he quit after he got into a fistfight with his commanding officer.
For his time as the CEO of Lehman Brothers from 1994, where he started his career in 1969, Fuld was praised at first for his capability to manage the mortgage crisis of his company well. However, he was later criticized for not completing deals that if carried out properly, could have eventually rescued the company from bankruptcy. After Lehman, in 2009 Fuld joined Matrix Advisors, but a year later was registered as employed by Legend Securities in New York, but he quit the firm in early 2012. In July 2015, Matrix Company had grown with Fuld as the leader of the firm, which focused on small and medium-sized enterprises. His firm provides advice to private enterprises in various fields of business strategies. His firm became such a success that it added millions of dollars to his net worth over the years.
Fuld has also been portrayed in different films and dramas, including television film “The Last Days OF Lehman Brothers” which starred James Cromwell, Ben Daniels and Corey Johnson among others, and “Too Big To Fall” starring William Hurt and Edward Asner and many more. He also appeared in the 2010 documentary “Inside Job”, and a theatrical film “Margin Call” released in October 2011 portrayed a character inspired by Fuld. The bank shown in the movie also resembled Lehmann Brothers to some extent. Following the financial crisis of 2007-8, he was ranked as the worst American CEO of all time in 2009 by Conde Nast Portfolio.
In his personal life, Richard is married to Kathleen Ann Bailey, and they have three children. Fuld had his 71 acres of Sun Valley Estate for auction, valued at around $50 million but sold for just over $20 million.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Alexis Ohanian Net Worth
Alexis Ohanian was born on 24 April 1983 in New York City USA, of Armenian and German heritage. He is perhaps best known as a co-founder of the social news and networking website Reddit. He has also helped in launching the online travel company Hipmunk and created Breadpig, a company which sells “geeky” merchandise and gives a lot of its profit to charities.
So how rich is Alexis Ohanian? Sources estimate his current net worth to be $4 million. Most of his wealth has been accumulated by working on Reddit and Breadpig.
Alexis Ohanian Net Worth $4 Million
Alex Ohanian studied at the University of Virginia and after graduating in 2005 he, together with Aaron Swartz and Steve Huffman created Reddit. The company was bought by Conde Nast Publications, but Ohanian still had great influence as one of the people in Reddit’s Board of Directors. Of course, Alexis’ net worth rose significantly.
Alexis created another company, with the strange name Breadpig in 2007. This company mostly concentrates on selling “geeky” merchandise and has an unusual approach to business, claiming to be an “uncorporation”, which means that they try to use the earned money to support charities and other projects. Alexis decided to leave the Reddit’s team in 2009. A year later Ohanian became an advisor to the Hipmunk website and helped to launch it.
Apart from being known as a businessman leading great internet websites which have built most of his net worth, Ohanian is also known as a social activist. Between 2010 and 2012, the Internet users were threatened by the SOPA (Stop Internet Piracy Act) and PIPA (Protect IP Act). Ohanian was an outspoken activist against these acts and was one of the key people who helped to vote down these bills. After these events, Ohanian was chosen as the first on The Daily Dot’s list of “Most influential activists of 2012”. While these social acts did not necessarily help to directly raise his net worth, they certainly helped to raise Ohanian’s popularity and earned him a lot of fans on the Internet.
In 2013, Ohanian published his first book, entitled “Without Their Permission: How the 21st Century Will Be Made, Not Managed” which made it to #5 on the Hardcover Business best sellers list in the Wall Street Journal. In the same year, Ohanian started his own web series, called “Small Empires with Alexis Ohanian”.
Ohanian has also been a part of two radio podcast shows: NYRD Radio in 2014 and Upvoted which started in 2015, and is strongly related to Reddit as it examines some of the stories found on that website. All of these endeavors have helped to increase Ohanian’s net worth.
In his personal life, Alexis Ohanian is not married yet. During the time-off from his businesses and projects, Alexis speaks at lectures and conferences in various universities, also on some of the most influential companies such as Google, Kraft, Johnson & Johnson and others.
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