Introduction
Roger Altman is a renowned American investment banker, the founder and senior chairman of Evercore, and a former Deputy Secretary of the Treasury in the Clinton Administration. His career spans over four decades, during which he has amassed significant wealth. This article will delve into the details of Roger Altman’s net worth as projected for the year 2024.
| Attribute | Detail |
|---|---|
| Estimated Net Worth: | $3.5 billion |
| Age: | 75 |
| Born: | April 2, 1946 |
| Country of Origin: | United States |
| Source of Wealth: | Investment Banking, Evercore |
Early Life and Education
Roger Altman was born on April 2, 1946, in Brookline, Massachusetts. He attended the University of Chicago, where he earned a Bachelor’s degree in Economics. He later pursued a Master’s degree in Business Administration from the University of Chicago’s Booth School of Business.
Professional Career
Altman began his career at Lehman Brothers, where he worked for two decades, eventually becoming the co-head of overall investment banking. In 1987, he joined the Blackstone Group before serving in the Clinton administration as Deputy Secretary of the Treasury from 1993 to 1994.
Evercore and Wealth Accumulation
In 1996, Altman founded Evercore, an independent investment banking advisory firm. Under his leadership, Evercore has grown into a global firm with a market capitalization of over $5 billion. His wealth has significantly increased due to his stake in Evercore and the firm’s success.
Net Worth Analysis
As of 2021, Roger Altman’s net worth is estimated to be around $2.5 billion. This wealth comes primarily from his stake in Evercore and his salary as the senior chairman of the firm.
Projected Net Worth in 2024
Given the steady growth of Evercore and the increasing demand for investment banking services, it is projected that Altman’s net worth will continue to grow. By 2024, his net worth is estimated to reach $3.5 billion.
Investments and Assets
Altman’s wealth is not only tied to Evercore. He has made several personal investments over the years, contributing to his net worth. He also owns several properties, including a luxurious home in The Hamptons.
Philanthropy
Altman is also known for his philanthropic efforts. He has donated to various causes, including education and healthcare, further demonstrating his financial prowess.
Impact of Economic Trends on Altman’s Net Worth
The global economy’s state significantly impacts the wealth of individuals like Altman. The demand for investment banking services tends to increase during periods of economic growth, positively impacting Evercore’s performance and, consequently, Altman’s net worth.
Future Economic Predictions
Given the expected economic recovery following the COVID-19 pandemic, it is likely that Altman’s net worth will continue to grow in the coming years.
Conclusion
In conclusion, Roger Altman’s net worth is a testament to his successful career in investment banking and his entrepreneurial acumen. His wealth is primarily tied to Evercore, the firm he founded and has led to global success. With the projected growth of Evercore and the expected economic recovery, Altman’s net worth is estimated to reach $3.5 billion by 2024. His story is a powerful example of how expertise, leadership, and strategic investments can lead to significant wealth accumulation.
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