Richard Fuld - Famous Banker

Richard Fuld Net Worth


Richard Fuld, also known as Dick Fuld, is a famous American banker with a net worth of $250 million. He is best known as the final Chairman and Chief Executive Officer of Lehman Brothers, a position he lost when the company filed for bankruptcy in 2008 during the financial crisis. Fuld’s compensation at Lehman included around $900 million in potential earnings, making him briefly a billionaire before the collapse.

Key facts:

  • Richard Fuld was the Chairman and CEO of Lehman Brothers, a renowned investment bank.
  • Fuld led Lehman Brothers through 14 consecutive years of profits and turned the firm into a major player on Wall Street.
  • Despite his initial success, Fuld underestimated the impact of the subprime mortgage crisis, which ultimately led to Lehman Brothers filing for bankruptcy.
  • Following the collapse of Lehman Brothers, Fuld joined Matrix Advisors, where he helped the firm grow and expand its assets under management.
  • Fuld has been featured in the media, appearing as himself in the documentary 'Inside Job' and being portrayed by actors in fictionalized accounts of the financial crisis.

Basic Information About Richard Fuld

CategoryBusiness β€Ί Wall Street
ProfessionsBusinessperson, Banker
Net worth$250,000,000
Date of birth1946-04-26 (77 years old)
Place of birthNew York City
NationalityUnited States of America
Social Mediaβ†—οΈŽ Wikipedia

Richard Fuld: The Rise and Fall of a Wall Street Legend

Richard Fuld is an American banker who is best known for his role as the final Chairman and Chief Executive Officer of Lehman Brothers. His story is one of success, fortune, and eventual downfall amidst the financial crisis of 2008. In this article, we will delve into the details of Richard Fuld’s net worth, his biography, and some of his notable achievements.

Net Worth Details

Richard Fuld has a net worth of $250 million. Throughout his career at Lehman Brothers, Fuld accumulated significant wealth, reaching a peak where he was briefly considered a billionaire. However, the collapse of Lehman Brothers wiped out much of his fortune, leaving him with a net worth of $250 million.


What is Richard Fuld Known For?

Richard Fuld is known for his 14-year tenure as the CEO and Chairman of Lehman Brothers. He played a significant role in cultivating the firm’s success, leading it through mergers and acquisitions, and posting 14 consecutive years of profits.

Early Life and Education

Richard Fuld Jr. was born on April 26, 1946, in New York City to Jewish parents. He attended Wilbraham & Monson Academy in Massachusetts before enrolling in the University of Colorado Boulder. Fuld participated in the Naval Reserve Officer Training Corps program and graduated with both a BA and BS in 1969. He later pursued an MBA from New York University’s Stern School of Business, graduating in 1973.

Career Beginnings

Fuld began his career as a U.S. Air Force pilot, but after a dispute with a commanding officer, he lost his job. In 1969, he joined Lehman Brothers as a successful fixed-income trader. Fuld witnessed and participated in significant moments in the firm’s history, including its spin-off from American Express in 1994.

Lehman Brothers Bankruptcy Aftermath

In 2008, Lehman Brothers filed for bankruptcy, marking the largest bankruptcy filing in U.S. history. Richard Fuld and the other executives faced scrutiny and were issued grand jury subpoenas related to federal criminal investigations alleging securities fraud at the firm. Fuld testified before the US House Committee on Oversight and Government Reform, and it was ultimately determined that Lehman’s manipulation of financial statements contributed to the crisis.

Post-Lehman Career

Following the collapse of Lehman Brothers, Richard Fuld joined the New York City firm Matrix Advisors. He also held positions at Legend Securities and served on the board of trustees of NewYork-Presbyterian Hospital. Fuld’s career continued despite the setback, and he played a role in the growth and success of Matrix Advisors.


Richard Fuld’s achievements include his successful leadership of Lehman Brothers, turning it into a profitable firm with 14 consecutive years of profits. Additionally, Fuld’s appearance in the documentary ‘Inside Job’ and his portrayal by actors in films such as ‘The Last Days of Lehman Brothers’ and ‘Too Big to Fail’ have solidified his place in popular culture.

In conclusion, Richard Fuld’s journey from success to financial collapse is a captivating story of ambition, accomplishment, and the consequences of misjudgment. While he faced criticism for his role in the 2008 financial crisis, Richard Fuld’s legacy as one of Wall Street’s most prominent figures remains undeniable.

– CNN: “Richard Fuld: The man who was the face of the financial crisis”
– Time: “The 25 People to Blame for the Financial Crisis”

Richard Fuld Famous Network

Male Business ♂️ With Net Worth Closest To $250,000,000

Female Business ♀️ With Net Worth Closest To $250,000,000

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Table of contents