What is Roger Altman's Net Worth?
Roger Altman is an esteemed American investment banker with a substantial net worth of $400 million. Born in Brookline, Massachusetts, in April 1946, Altman has had a significant impact on the financial and political realms of the United States.
Early Life and Education
Altman attended Georgetown University and later graduated from the University of Chicago, equipping him with a solid foundation for his future endeavors in finance and public service.
Career Highlights
He began his career in public service as the Assistant Secretary of the Treasury during the Carter administration from 1977 to 1981. His most notable position was as the United States Deputy Secretary of the Treasury under President Bill Clinton, serving from January 1993 to August 1994.
Founding Evercore
Altman is the founder and senior chairman of Evercore, a leading global independent investment banking advisory firm. His stake in Evercore skyrocketed from $90 million at the time of its public offering in 2006 to around $300 million today, despite facing considerable fluctuations during economic downturns.
Authorship and Thought Leadership
Beyond his executive roles, Altman has also contributed thought-provoking pieces on economic and geopolitical issues. His notable works include "The Great Crash, 2008: A Geopolitical Setback for the West", "Obama's Business Plan", "American Profligacy and American Power: The Consequences of Fiscal Irresponsibility", and "The Fall and Rise of the West: Why America and Europe Will Emerge Stronger From the Financial Crisis".
Challenges and Controversies
During his tenure with the Clinton administration, Altman resigned amid the Whitewater controversy, a significant political scandal of the 1990s. Despite this setback, he continued to excel in the private sector, solidifying his reputation as a leading financial expert.
Roger Altman's journey from a public servant to a financial mogul is a testament to his expertise and resilience in the face of challenges. He remains a key figure in the realms of finance and public policy.
