Richard Fuld Net Worth is$160 Million
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Profession: Businessperson, Banker
Date of Birth: Apr 26, 1946
Nicknames: Richard Severin Fuld, Jr., Dick S. Fuld Jr., Dick Fuld, Richard Fuld Jr., Digital Mind Trader, The Gorilla
Country: United States of America
Richard "Dick" Fuld is an executive and American Banker with a net worth of $160 million. Richard Fuld made his net worth through his career with Lehman Brothers as the CEO and his position on the board of directors for the Federal Reserve Bank of New York, as well as his positions with the World Economic Forum, Middlebury College and New York Presbyterian Hospital. He was born in New York, New York in 1946.
Richard Severin Fuld, Jr. (born April 26, 1946) is an American investment banker and business executive best known as the final Chairman and Chief Executive Officer of Lehman Brothers. Fuld had held this position since the firm's 1994 spinoff from American Express until 2008. Lehman Brothers filed for bankruptcy protection under Chapter 11 on September 15, 2008, and subsequently announced a sale of major operations to parties including Barclays Bank and Nomura Securities.
Fuld was nicknamed the "Gorilla" on Wall Street for his competitiveness.Cond'e Nast Portfolio ranked Fuld number one on their Worst American CEOs of All Time list, stating he was "belligerent and unrepentant".
Fuld was born in New York City, to Jewish parents, Richard Severin Fuld, Sr. and Elizabeth Schwab. He is also a second cousin of Tampa Bay Rays outfielder Sam Fuld.
He received both a B.A. and B.S. from the University of Colorado at Boulder in 1969 and his M.B.A. from New York University's Stern School of Business in 1973. While attending Colorado, Fuld participated in the Naval Reserve Officer Training Corps program and was president of the school's chapter of the Alpha Tau Omega social fraternity.
Fuld's first career as an Air Force pilot came to an end when he got into a fistfight with a commanding officer. He was said to have been defending a young cadet who was being taunted by the senior officer.
He then began his career with Lehman Brothers in 1969, the year the firm's senior partner Robert Lehman died, and stayed at the company until its bankruptcy. He began as a commercial paper trader[citation needed] and rose rapidly.
At the time of his departure, Fuld worked for Lehman for nearly 40 years. During this time, Fuld witnessed and participated in the numerous changes which the organization endured, including its merger with Kuhn, Loeb & Co, its acquisition by American Express, its merger with E.F. Hutton, and its ultimate spin-off from American Express in 1994, once a

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Richard Fuld Latest News

Liquidity, Money Supply, and Insolvency

Think of the cold shoulder Lehman’s Dick Fuld got in September 2008 when he spent an entire weekend calling everyone but Elvis with regards to securing a venture saving loan. He didn’t get one. Not ev...
Posted: January 13, 2019, 11:50 am

SEC reportedly considered public exoneration of Lehman Brothers

The Securities and Exchange Commission considered publishing a report explaining why no charges were made against Lehman Brothers or its executives ... Lehman itself or its former chief executive, Ric...
Posted: September 9, 2013, 6:09 am

Classic Wall Street Villain to Haters: "Bite Me"

Dick Fuld was the head of the investment bank Lehman Bros. in 2008 when the bank collapsed in the biggest bankruptcy in history, kicking off the worst part of the financial crisis. Who can say if Dick ...
Posted: May 29, 2015, 7:12 am
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