Lloyd Blankfein is a business executive who is best known as the CEO as well as chairman of Goldman Sachs. Blankfein succeeded the former CEO known as Henry Paulson. It happened after Paulson was made the United States Secretary of the Treasury. Let’s find out how much is Lloyd Blankfein’s net worth in 2018.
Lloyd Blankfein Early Life
Blankfein was born in 1954 on 15th September. His birthplace was The Bronx, New City. He is the son of Seymour Blankfein. His mother’s and father’s careers are a receptionist and a clerk with U.S. Postal Service, respectively.
He schooled in public schools of the New York City Department of Education. In 1971, Blankfein was the Valedictorian at Thomas Jefferson High School. He then joined Harvard College and majored in History. The man earned his A.B. in 1975. Three years later, in 1978, he received a J. D. degree from Harvard Law School.
Blankfein married Laura Jacobs in 1983. She is an attorney. Her father is Norman S. Jacob who is the editor-in-chief of the Foreign Policy Association Publications.
God blessed the couple with two sons and a daughter. Their names are Jonathan, Alexander, and Rachel.
The two live in Upper West Side of Manhattan. Their other homes are Bridgehampton, New York, and Sagaponack, New York.
Lloyd Blankfein Career
At first, Blankfein worked for Proskauer Rose. Then, he worked for Donovan, Leisure Newton & Irvine. In 1982, Blankfein joined the commodities trading firm known as J. Aron & Co. He was its valuable metals’ salesman in London office. Goldman later gained the company.
Between 1994 and 1997, he worked as either the manager or assistant manager of the Currency and Commodities Division of Goldman Sachs. He was the vice-chairman from April 2002 to January 2004. In addition to that, Blankfein was in charge of Fixed Income, Currency and Commodities Division (FICC) as well as the Equities Division.
Since 2006, he has been both the chairman and executive officer of the Goldman Sachs. In his tenure, the company has performed very well. In 2006, its net earnings were $95 billion.
The company has also had low moments under his leadership. Both the pundits and the lawmakers have been criticizing the firm. Even accusations of being involved in fraudulent operations. Investigations have been carried out regarding its operation.
As a Philanthropist, he served on the board of a charitable organization called Robin Hood Foundation. Currently, he serves both the board of directors of the Partnership for New York City and the board of overseas of the Weill Cornel Medical College. He formerly served as the Gala Chairman of the Rockefeller Family’s Asia Society, New York.
Awards & Achievements
Financial Times awarded him its 2009 Person of the Year in the mentioned year.
Net Worth of Lloyd Blankfein
Lloyd Blankfein has an estimated net worth of about $1.2 billion. Lloyd’s primary source of income is his job as the Chairman and C.E.O. of Goldman Sachs Group. In 2006, he made total earnings of $54.4 million. His total compensation was around $53 million in 2007. Blankfein received $24 million and $23 million in 2014 and 2015, respectively.
Before that, he had been a salesman as well as the vice chairman of Goldman Sachs. All the above has contributed to his current net worth.
Lloyd Blankfein is a very successful business executive. Before starting his work at the Goldman Sachs, he worked for Proskauer Rose. Blankfein worked for J. Aron & Co. which was purchased by Goldman Sachs. At first, he was a manager and then a vice-chairman and eventually he was made the C.E.O and Chairman. Blankfein is a Democrat and a philanthropist.