Richard Fuld Net Worth
Richard Fuld net worth and salary: Richard Fuld is an American banker who has a net worth of $250 million. Richard "Dick" Fuld, was born in New York City, NY in April 1946. He is best known as the final Chairman and Chief Executive Officer of Lehman Brothers. He graduated from the University of Colorado Boulder and received his M.B.A. from New York University's Stern School of Business in 1973. He participated in Naval Reserve Officer Training Corps and became an Air Force pilot. In 1969 Fuld started at Lehman Brothers as a commercial trader. He became CEO of Lehman Brothers in 1994 and held the position until the company filed for bankruptcy in 2008. The same year he transferred his Florida mansion that he bought for over $13 million to his wife for $100 to protect it from legal action. He joined hedge fund Matrix Advisors in 2009. In 2010 he joined Legend Securities but left in 2012. In 2006 Fund was the #1 CEO in the Brokers & Asset Managers according to Institutional Investor magazine. He received a $22 million bonus in 2006. In 2007 he received $34 million, and in 2008 $40.5 million. During his time at Lehman, Dick Fuld was paid approximately $485 million in various forms of compensation. He was named by Conde Nast Portfolio as their #1 World American CEO of All Time for being "belligerent and unrepentant". He was also nicknamed the Gorilla of Wall Street for being ultra-competitive. Time magazine named him one of their "25 People to Blame for the Financial Crisis". Fuld is married to Kathleen Ann Bailey and has three children.