Published On: Fri, Jul 17th, 2015

Lloyd Blankfein Is Now a Billionaire

Goldman Sachs CEO Lloyd Blankfein Speaks At Economic Club Of Washington

Goldman Sachs Group Inc. made hundreds of partners rich when it went public in 1999. Its performance since then has turned Lloyd Blankfein into a billionaire.

The chief executive officer of the Wall Street bank for the past nine years, Blankfein has seen his net worth surge to about $1.1 billion as the firm’s shares quadrupled since the initial public offering, according to the Bloomberg Billionaires Index. As the largest individual owner of Goldman Sachs stock, he has a stake in the company worth almost $500 million. Real estate and an investment portfolio seeded by cash bonuses and distributions from the bank’s private-equity funds add more than $600 million… READ MORE

  Michael J Moore and Pamela Roux

 

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