Reid Drescher Net Worth

What is Reid Drescher's net worth?

Reid Drescher is an American investment banker, entrepreneur, and philanthropist who has a net worth of $10 million. Reid Drescher is best known as the president and CEO of Spencer Clarke LLC, a boutique investment banking firm he founded in 1997. With more than 30 years of experience in finance, Reid has built a career advising small and mid-sized companies on capital raising, mergers, and acquisitions. He is also known for his marriage to television personality Aviva Drescher, with whom he has appeared on several reality shows.

Early Life and Education

Reid Howard Drescher was born and raised in New York. He attended Great Neck North High School on Long Island before earning a bachelor's degree in Business Administration with a focus on Management and Marketing from the University of Miami in 1989. Growing up in a family with entrepreneurial instincts, Reid showed an early interest in the mechanics of business and finance. Reid's first cousin is Fran Drescher.

Early Career

After graduating, Reid began his career on Wall Street, where he worked as a Senior Vice President of Investments for Prudential Securities and later at PaineWebber. These formative years gave him experience in private placements, PIPEs (Private Investment in Public Equity), and reverse mergers—areas that would become the foundation of his later ventures.

By his early thirties, Reid decided to strike out on his own, founding Spencer Clarke LLC in 1997. Named after his two middle names, the firm was envisioned as a nimble, relationship-driven investment bank focused on middle-market clients rather than billion-dollar conglomerates.

Spencer Clarke LLC

Under Reid's leadership, Spencer Clarke LLC evolved into a full-service investment banking and brokerage firm headquartered in New York City, with a later expansion to Miami Beach. The firm specializes in capital raising, mergers and acquisitions, and private placements, often serving emerging companies in sectors like consumer goods, healthcare, and technology.

Reid has also been a partner and portfolio manager at Cape One Financial, a private hedge fund that complements his firm's investment activities. Over nearly three decades, he has helped numerous small-cap companies secure financing and navigate growth strategies. His reputation as a savvy yet approachable banker has made Spencer Clarke a respected name within its niche, even if it operates far from Wall Street's spotlight.

Getty

Philanthropy and Public Appearances

Beyond finance, Reid is deeply involved in philanthropy. He serves as treasurer and board member of Cancer Schmancer, a cancer prevention nonprofit founded by his cousin, actress Fran Drescher. The family connection between Reid and Fran also played an unexpected role in television: it was Fran who encouraged Aviva to join "The Real Housewives of New York City," seeing it as a chance for her to inspire amputees and raise awareness for disability inclusion.

In 2015, Reid appeared alongside Aviva on "Marriage Boot Camp: Reality Stars." The couple's on-screen arguments and eventual reconciliation revealed their chemistry and shared sense of humor. Despite the occasional dramatics, they left the show with their relationship strengthened.

Aviva and Reid Drescher Net Worth / by Craig Barritt/Getty Image

Real Estate

Reid and Aviva have owned several luxury homes in New York and Florida. During their years in Manhattan, they lived in an Upper East Side apartment that Aviva later sold in 2022 for about $2.5 million. Around the same time, the couple relocated to Miami, where they purchased a home as part of a broader lifestyle and business shift—Reid also expanded Spencer Clarke with a Miami Beach office. The move reflected both professional strategy and a desire for warmer, family-friendly surroundings.

Personal Life

Reid married Aviva Drescher in 2006 after meeting her in a Bed Bath & Beyond store—a serendipitous encounter that has since become part of Housewives lore. He has one daughter, Veronica, from a previous marriage, and two children with Aviva, Hudson and Sienna. Known for his calm temperament and business focus, Reid has been described as a steadying influence in Aviva's high-profile life. Together, they have built a solid partnership that blends entrepreneurship, philanthropy, and family values, maintaining an enviable balance between financial success and personal stability.

Who's Richer?

Reid
Drescher

Compare!

Aviva
Drescher