Lloyd Blankfein Net Worth 2023
Lloyd has a net worth of $1.2 billion as of 2023. He has accumulated his net worth with the versatility he has shown in each field he has worked in.
His main source of earnings is from his career as an investment banker.
Lloyd Blankfein Salary 2023
|Year||Salary Per Year||Salary Per Month|
|2023||$55 Million||$4.5 Million|
|2022||$50 Million||$4.2 Million|
Lloyd Blankfein Biography
Lloyd Blankfein is an American investment banker who has worked as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from the year 2006 until the end of the year 2018.
Previous to leading Goldman Sachs, Blankfein was the company’s president and chief operating officer (COO) from 2004 to 2006, working under then-CEO Henry Paulson.
Born and raised in New York City, he attended Harvard University for his undergraduate and law school studies before briefly entering private law practice. In 1982, Blankfein became a precious metals salesman at J. Aron & Co., a small commodities trading firm that was acquired by Goldman in the year 1981.
After leading Goldman’s currency and commodities divisions from the year 1994 to 1997 he was named heir apparent. Blankfein served as the president and chief operating officer from 2004 to his ascension to the chief executive.
Almost immediately after he assumed the head of the company, the financial crisis of 2007–08 hit the banking industry. His role as well as his handling of the crisis was widely praised and criticized by media outlets, making him a public figure.
After the Federal Reserve implemented dovish monetary policies and the U.S. Treasury bailed out the company, he took advantage of low-interest rates to undercut competition from other investment banks as well as established Goldman Sachs as the second largest investment bank in the U.S. as others either went bankrupt or fell to acquisition.
He was twice named one of the most influential people in the world by Time magazine and won the Financial Times Person of the Year award in the year 2009.
According to Bloomberg News, his net worth is estimated to be US$1.1 billion as of July 2015. His salary at Goldman Sachs in the year 2018 was estimated to be $24 million.
Lloyd Blankfein Wiki
Birth name: Lloyd Craig Blankfein
Date of birth: September 20, 1954
Place of birth: New York, New York, United States
Lloyd Blankfein’s age: 68 years (as of 2022)
Birth sign: Virgo
Height: 5′ 6″
Spouse: Laura Jacobs Blankfein (m. 1983)
Education: Harvard Law School (1978), Harvard College (1975), Harvard University
Profession: Investment banker
Salary: $55 Million per year
Net worth: 1.2 billion (2023)
Lloyd Blankfein Age
Blankfein is 68 years old as of 2022, he was born on September 20, 1954, in New York, New York, United States. He normally celebrates his birthday with his family and close friends every year on September 20. His zodiac sign is Virgo.
|Lloyd Blankfein Age||68 years||69 years|
Lloyd Blankfein Height
Blankfein stands at an average height of 5 feet 6 inches approximately 1.68 m.
Lloyd Blankfein Parents and Siblings
Lloyd was born in The Bronx borough of New York City to a low-income, Jewish family. His dad, Seymour Blankfein, was a clerk with the U.S. Postal Service branch in Manhattan while his mother was a receptionist. Lloyd was raised in the Linden Houses, a housing project in the East New York section of Brooklyn.
However, information regarding Blankfein’s family members including his mother, and siblings are not available. We will update his parents’ details once confirmed and available to the public.
Lloyd Blankfein Education
Blankfein received primary and secondary education in New York City’s public schools graduating valedictorian at Thomas Jefferson High School in the year 1971. He went on to attend Harvard College where he lived in Winthrop House as well as graduated with an A.B. in history in the year 1975. After graduating college, Blankfein attended Harvard Law School where he received a J.D. degree in the year 1978.
He first worked for the law firms Proskauer Rose and then Donovan, Leisure, Newton & Irvine. In 1982, Blankfein joined the commodities trading firm J. Aron & Co. as a precious metals salesman in its London office, after J. Aron was acquired by the investment bank, Goldman Sachs.
Lloyd Blankfein Wife
Lloyd is married to Laura Jacobs, an attorney and the daughter of Norman S. Jacobs, the editor-in-chief of the Foreign Policy Association publications. The pair have two sons, Alexander and Jonathan, and a daughter, Rachel.
On September 22, 2015, Lloyd was diagnosed with a form of lymphoma. Lloyd received multiple rounds of treatment of chemotherapy and by October 2016 was in remission.
Lloyd Blankfein Goldman Sachs
Lloyd joined J. Aron & Co. in 1982 after it had been acquired by Goldman Sachs in the year 1981 when then chairman Stephen Friedman appointed Henry Paulson as his successor, Lloyd was soon tasked with managing or co-managing the company’s currency and commodities divisions from the year 1994 to 1997.
After Paulson consolidated control of Goldman, Lloyd identified Blankfein as his heir apparent, despite Blankfein ranking third in the corporate hierarchy behind two co-presidents. In 2004, he was promoted to president and chief operating officer, a position he served in until June 2006.
As president, Lloyd oversaw the 2000s commodities boom and positioned Goldman to take advantage of rising commodity prices. On May 30, 2006, U.S. President George W. Bush nominated Paulson to work as the 74th United States Secretary of the Treasury which prompted Paulson to establish a succession plan. Shortly after Paulson was sworn in, Lloyd was asked to serve as chairman and chief executive officer in July 2006.