Lloyd Craig Blankfein, simply known as Lloyd Blankfein, is a famous American businessman, as well as a lawyer. Named “Person of the Year” in 2009 by the “Financial Times” newspaper, Lloyd Blankfein is perhaps best known as the CEO of an international investment banking company called “Goldman Sachs”. In 1869, Marcus Goldman and Samuel Sachs co-created the firm, which has headquarters in New York, but also sustains offices in many financial centers all around the world. The company provides investment advice, asset management, private deals and other business related advice. All around the world, “Goldman Sachs” is considered to be the most popular investment bank and is even referred to as the “Wall Street’s No. 1 dealmaker”.
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Lloyd Blankfein Net Worth $450 Million
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However, it did not manage to avoid various controversies. Most of those controversies are usually related to its improper practices and actions, especially during the financial crisis that occurred during 2007-2012, when “Goldman Sachs” was accused of misleading its investors and profiting from their collapses. The company was also criticized by its former employees, some of whom filed lawsuits for gender discrimination, while Steven George Mantis, a former investment banker, even published a book entitled “What Happened to Goldman Sachs: An Insider’s Story of Organizational Drift and Its Unintended Consequences”.
Yet even despite its controversies, “Goldman Sachs” remains one of the most profitable and well-known banks in the world. A famous business executive and a CEO of “Goldman Sachs”, how rich is Lloyd Blankfein? According to sources, Lloyd Blankfein’s net worth is estimated to be an impressive $450 million.
Lloyd Blankfein was born in 1954, in The Bronx, New York, where he initially studied at the New York City Department of Education, as well as Thomas Jefferson High School. Blankfein then continued his studies at Harvard College and received a Juris Doctor degree in Harvard Law School. Prior to becoming a Chief Executive Officer in “Golden Sachs”, Lloyd Blankfein worked in several law firms, such as “Donovan, Leisure, Newton & Irvine” and “Proskauer Rose”, and then moved on to work as a salesman in “J. Aron & Co”. Lloyd Blankfein became a CEO at “Goldman Sachs” in 2006 and that same year earned a salary of $54 million, which made him the highest paid CEO in Wall Street at the time. With Blankfein’s guidance, “Goldman Sachs” managed to collect a large sum of net earnings, which gained him the title of the “Most Outrageous CEO”. However, Lloyd Blankfein was as much criticized and controversial as “Goldman Sachs”, as he was verbally attacked by a former employee Greg Smith, who wrote an opinion editorial for “The New York Times” called “Why I Am Leaving Goldman Sachs”.
Nevertheless, despite all the criticism, Lloyd Blankfein is still considered to be among the most powerful people in the business, while “Goldman Sachs” remains one of the most popular banks in the world.
In addition to his involvement with “Goldman Sachs”, Lloyd Blankfein heavily partakes in charitable causes. He is the chairman of a non-profit organization called “Asia Society”, supports a medical unit “Weill Cornell Medical College”, and a charitable organization called “The Robin Hood Foundation”.
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