He is an American tycoon who has taken America’s economy from one level to another. Steve Eisman is a businessperson and investor well known to have benefited from the collapse of the United States housing bubble, which took place from 2007 to 2008. He is not only wealthy, but he has the brains. To know more about the net worth of Steve Eisman in 2020, read the following article.
Early Life & Biography
Steve Eisman was born on July 8th, 1962 and was raised in New York. He went to school at the Jewish institution commonly referred to as Yeshiva Schools. He graduated from the University of Pennsylvania with a great Latin honor in 1984. He attended the Harvard Law School where he graduated with the honors degree in law.
He is a husband to Valerie Feigen who is a famous American Actress featured in the film entitled ‘The Big Short.’ His wife played the role of Cynthia in the movie. The couple has been married for twenty-nine years now.
Career, Awards & Nomination
After completing his education, he started working with the Front Point Partners, a unit of Morgan Stanley, which is a betting agency. He became successful on the collateralized debt obligation in the company.
He made over one million US dollars in 2010 for the Front Point that enabled him to become recognized by many all over the world. He was even profiled by an American non-fiction author called Michael Lewis in the book ‘The Big Short: Inside the Doomsday Machine’ and later his name was changed to Mark Baum in the movie adaptation of the book ‘The Big Short.’ He later left the agency in 2011.
In the following year, he founded the Emrys Partners with $23,000,000 capital. However, the fund did not perform as expected as in 2012 it only returned 3.6% therefore, poorly in the market.
In 2013, it was a little encouraging as it returned 10.8% but not so well in the market. Unfortunately, in 2014 Steve announced that he was dissolving the fund, the reason being that it is not a viable philosophy investment to decide on the investment by looking at the importance of an individual company. The fund had an estimated value of about $185 million in assets at the time of its closure.
He then joined Neuberger Berman to help him as a Managing Director in the business that was owned by some tycoons in the industry such as Elliott, Lillian Eisman, and Steve’s parents. During his time in the company, he was against profit-making education institutions such as Education Management Corporation, Corinthian Colleges, and Thing ITT Educational Services. He said that such firms resembled that of Mortgage Brokers.
So far, Steve Eisman has not yet won an award but has achieved so much in making America a better place regarding its economic nature. His way of speaking against profit-making education institution has helped both the government and other citizens.
Net Worth & Earnings
Steve is a wealthy tycoon in America with an estimated net worth of $1.5 billion. With years of experience in financial matters, he has gained all his wealth from his job as a bet controller for various agencies. He also invested in other investment partnership that gives him great returns
The name Steve Eisman is well known in America because he showed patriotism be revealing loopholes despite him not being in the government. He was not discouraged after his capital fund failed to return profits as he had planned. Instead, he moved on and tried other ventures which eventually brought success his way.