Roger Altman’s impressive net worth has been shaped by a multifaceted career, spanning roles in government finance and the private sector. From serving in the U.S. Treasury to founding Evercore, Altman has left a mark on Wall Street that extends beyond his financial gains.
As an investment banker, he’s not only accumulated wealth but also wielded influence in both political and economic spheres. This article, authored by Ando Money, will analyze Roger Altman net worth, achievements, and professional milestones.
Roger Altman Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Roger Charles Altman |
| Popular Name | Roger Altman |
| Gender | Male |
| Birth Date | April 2, 1946 |
| Age | 78 |
| Parents | Father: Food Broker, Mother: Librarian |
| Siblings | One brother |
| Birthplace | Brookline, Massachusetts, USA |
| Nationality | American |
| Ethnicity | Catholic heritage |
| Education | The Roxbury Latin School, Georgetown University, The University of Chicago |
| Marital Status | Married |
| Spouse | Jurate Kazickas (m. 1981) |
| Children | Three |
| Dating | N/A |
| Net Worth | Estimated $400 million |
| Source of Wealth | Evercore, investment banking |
| Height | N/A |
What is the Net Worth of Roger Altman in 2024?
Roger Altman’s net worth in 2024 is estimated at $400 million, a testament to his strategic financial moves and the expansion of Evercore. Compared to other influential figures on Wall Street, Altman’s financial standing reflects both his prowess in investment banking and his impactful roles in government.
Here are some notable figures associated with Altman’s circle in the financial sector:
- Peter G. Peterson
- Lloyd Bentsen
- Bill Clinton
- David Rubenstein
- Gene Sperling
- Larry Summers
- John Kerry
- Ed Koch
- Frank Newman
- Michael Dukakis
For a broader look at the most successful financiers on Wall Street, you may want to check out the richest Wall Street personalities.
Roger Altman Salary and Finance Overview
Early Life and Education Background
Altman’s career foundation is rooted in his Boston upbringing, where he was raised by a single mother.
From his early years at Roxbury Latin School to his education at Georgetown University and University of Chicago, Altman’s academic achievements helped him cultivate connections with future influential figures, including Bill Clinton.
Key Roles in U.S. Treasury
Altman’s journey in public finance began as Assistant Secretary of the Treasury under President Jimmy Carter, where he worked on policies to stabilize the economy, including a pivotal role in the Chrysler bailout.
Later, as Deputy Secretary of the Treasury in the Clinton administration, Altman contributed to landmark legislation like the Omnibus Budget Reconciliation Act of 1993 and the North American Free Trade Agreement (NAFTA), positioning him as a key figure in fiscal policy.
Investment Banking Career and Contributions
Starting at Lehman Brothers, where he became the youngest partner in the firm’s history, Altman quickly rose through the ranks.
His tenure at Blackstone Group saw him excel in mergers and acquisitions, further cementing his reputation in finance. His work at these top firms set the stage for his entrepreneurial success.
Founding and Growth of Evercore
Altman co-founded Evercore in 1995 with a mission to offer independent investment advice. Over the years, Evercore has grown exponentially, advising on significant transactions and managing assets worth billions.
His leadership at Evercore saw the firm go public in 2006, where his stake alone rose in value to over $90 million on the first day of trading. Today, Evercore’s advisory services continue to thrive under Altman’s guidance, with annual transactions reaching into the trillions.
Key Political and Economic Advising Roles
Altman’s influence extends into politics, where he advised figures like John Kerry and Hillary Clinton on economic policy.
His experience in the Clinton administration and close involvement with U.S. Treasury policy allowed him to provide valuable insights, helping shape economic reforms and offering a seasoned perspective on fiscal management.
Public and Non-Profit Sector Engagements
A respected figure beyond finance, Altman serves on the boards of notable institutions such as New York-Presbyterian Hospital and the American Museum of Natural History.
He also holds an advisory role with Conservation International and is involved with The Hamilton Project, a think tank dedicated to economic policy innovation.
Publications and Thought Leadership
In addition to his public roles, Altman has authored influential articles on economic crises and global fiscal policies, including works like The Great Crash, 2008 and American Profligacy and American Power.
Through his writing, Altman advocates for responsible fiscal policies, earning him a voice in economic thought leadership.
Wealth Accumulation and Financial Influence
Altman’s financial milestones are a testament to his strategic decisions in investment banking. With stakes in Evercore valued at approximately $300 million today, Altman has secured a solid financial standing through strategic investments and advisory roles.
His portfolio demonstrates a consistent rise in assets, with returns on investment marking him as one of Wall Street’s most influential financiers.
Associations and Networking in High-Influence Groups
As a member of exclusive groups like the Bilderberg Group and the Council on Foreign Relations, Altman has built a network with top financial and political leaders, allowing him to stay at the forefront of global economic discussions. His networking efforts have consistently contributed to his influence in finance.
FAQs About Roger Altman
Where was he born?
He was born in Brookline, Massachusetts, USA.
What is his educational background?
He attended Georgetown University for his undergraduate degree and obtained an MBA from the University of Chicago Booth School of Business.
Who is he married to?
He is married to Jurate Kazickas.
What roles has he held in government?
He served as Assistant Secretary of the Treasury under President Carter and Deputy Secretary of the Treasury under President Clinton.
Which notable company did he found?
He co-founded Evercore, an independent investment banking advisory firm.
Conclusion
I hope this article has provided a thorough look into Roger Altman’s financial achievements and influence. For more engaging content on high-profile finance professionals, visit www.andomoney.com. Your thoughts and shares help us continue to deliver in-depth analyses!
