Marc Mezvinsky is an investment banker from the United States who is Better known as former President, Bill Clinton’s son-in-law, Marc is a co-founder of a hedge fund investment, Eaglevale Partners. He has lately been in the News for closing the company in December 2016 after it lost 90% of its value. Eaglevale Partners had raised $25 million to buy stocks in Greece but crashed-down, losing all of the investors’ money. Keep reading to know more about Marc Mezvinsky’s net worth in 2019.
Marc Mezvinsky was born on December 15, 1977, in Philadelphia. He belongs to a Conservative Jewish family f nine children. Both his parents have been Democratic members of the U.S. house of representative. His father, Edward Mezvinsky was imprisoned in 2001 for pleading guilty to bank fraud worth $10 million. His mother, Marjorie Margolies was a TV reporter and a representer of 1993 to 1995 Pennsylvania’s 13th District. Before Edward was convicted, they publicised their bankruptcy and got divorced.
Marc graduated in philosophy and religious studies from Stanford University in 2000.
Mezvinsky married Chelsea Clinton in 2010 after reportedly dating since 2005. They were family friends in the 1990s where they met in a Democratic political retreat in South Carolina. After their wedding, they lived in Gramercy Park of New York for three years and later purchased a condominium in Manhattan. They announced the arrival of their first child, Charlotte in 2014 who was born in September. They had their second child, Aidan in June 2016.
After his graduation, Marc worked at Goldman Sachs as an investment banker for eight years. He then joined 3G Capital, a private equity firm which he left again to start off his own hedge fund, Eaglevale Partners in 2011. He co-founded the company with his previous Goldman Sachs colleagues, Bennett Grau and Marc Mallon.
In May 2016, it was reported that Eaglevale Partners have lost its 90% Hellenic Opportunity fund over two years. Mezvinsky had tried to bet on the restoration of Greek economy that led to enormous loss of capital invested by several investors. As a result, Mezvinsky had to shut down Eaglevale Partners in December 2016.
It was reported by Bloomberg that he along with his partners are now trying to return investors their investments which they had lost. Lloyd C. Blankfein, Goldman Sachs’ CEO had also invested with the company.
A report by recode.net in May 2017 gave an account that Mezvinsky was hired as a Vice-Chairman by a Silicon Valley investment company, Social Capital. The company owned by Chamath Palihapitiya is making ventures, seed investments and a segment for nurturing start-ups and still looking to expand financial products.
Awards & achievements
Mezvinsky has had quite a roller coaster ride in his line of work. He has not been officially awarded yet. The 40-year-old financial investor is on his route to find stable business except that he is Clintons’ son-in-law.
Net worth of Marc Mezvinsky
Marc Mezvinsky has an estimated net worth of $18 million. Marc has earned his net worth while he worked as an investment banker at the Goldman Sachs and at 3G Capital, a hedge fund company.
Former U.S. President, Bill Clinton is a fan of his son-in-law. He mentioned that Mezvinsky is a great human being and he is the son he didn’t have. Mezvinsky can be mostly seen in pictures with Chelsea, portraying him a family man.
Having come from political backgrounds, Marc’s professional failure must have been a huge personal knock-off, even though his wife’s eminent parents. He has kept modest ever since Hillary’s loss in elections.
He currently resides with his wife and children in his $10.5 million condominium on North of Madison Square Park.