A very successful investment banker from the United States, Gary Cohn has also served as the National Economic Council’s director. He has also been appointed as President Trump’s chief economic adviser. He has held many important positions in his career and has worked in the White House. He is a Democrat but has also made financial contributions to the Republicans. To know more about the net worth of Gary Cohn in 2020, read the following article.
Early Life & Biography
Gary David Cohn was born in August 1960, in Cleveland, Ohio. His parents were Ellen and Victor Cohn. He comes from a Jewish family. His father was a real estate developer who also worked as an electrician. At a very young age, he was known to have dyslexia. He grew up in Shaker Heights, Ohio.
He went to Gilmour Academy and has been to many other schools by the time he was in his sixth grade. After completing his high school, Cohn went to American University’s Kogod School of Business. In 1982, he received his B. Sc. Degree in Business Administration.
Gary Cohn has been successfully married to his wife Lisa A Pevaroff. After their wedding, his wife adopted his family’s surname. He currently lives in New York along with his wife and three daughters. He is also involved in philanthropy and has financed for many causes. He is a member of Palm Beach County’s Jewish Federation. Despite that, Cohn has been a subject of the Paradise Papers controversy.
Career, Award & Nominations
At the beginning of his career, Gary Cohn used to work with the home products of U.S. Steel in Cleveland. Later, he quit the job and started working in the New York Mercantile Exchange. In there, he was a dealer. After having many experiences in the finance sector, he joined Goldman Sachs in the year 1990. With an amazing performance in his job, he became the head of the commodities department in 1996.
Further, he was named as the Fixed Income, Currency, and Commodities division’s head in 2002. He held many important positions in Goldman Sachs and in 2017, he was appointed as the National Economic Council’s director. He was named as the “economic policy powerhouse” by the Wall Street Journal in 2017. He worked under the Trump administration and has supported globalism. He resigned from his post of White House in March 2018 and got substituted by Larry Kudlow.
His style of work has been known as prone to risk. In addition to these, Gary Cohn also serves as a member of Securities Industry and Financial Markets Association’s Treasury Borrowing Advisory Committee. While working under Donald Trump, he has received many nicknames like “Carbon Tax Cohn” and “Globalist Gary”. In 2013, he was honoured at the Bid for Kids for his charity work.
Net Worth & Earnings
How much will be the wealth of a person who has held many important positions during his entire career? During his time in Goldman Sachs, he headed much important division and was known to receive a remuneration of $21 million in 2015. He has got an estimated net worth of over $350 million. In 2014, his salary was $22 million. During the Trump administration, his salary was $30,000. As per his financial disclosure documents, his assets are valued at up to $611 million in the form of stocks, bonuses, interests, and dividends.
Gary Cohn is indeed a very successful person who has also done a lot for charity. He has got many years of experience in the banking industry. His knowledge in finance has also made him serve in one of the most important positions in the United States.