Jon Corzine is an American financial executive and retired politician. In this article, Covemarkets will explore Jon Corzine net worth in 2023, his career achievements, personal life, and answer some frequently asked questions about him.
Quick Facts
| Full Name | Jon Corzine |
| Popular Name | Jon Corzine |
| Gender | Male |
| Birth Date | January 1, 1947 |
| Age | 76 (as of 2023) |
| Parents | Not mentioned |
| Siblings | Not mentioned |
| Birth Place | Taylorville, Illinois |
| Nationality | American |
| Ethnicity | Not mentioned in the context |
| Education | University of Chicago Booth School of Business, University of Illinois at Urbana-Champaign |
| Marital Status | Married |
| Sexual Orientation | Not mentioned |
| Wife/Spouse | Joanne Dougherty Corzine (1969-2003), Sharon Elghanayan (since 2010) |
| Children | Jeffrey Corzine, Jennifer Corzine, Josh Corzine |
| Dating | Not mentioned in the context |
| Net Worth | $200 million (as of 2023) |
| Source of Wealth | Financial executive, investments |
| Height | 6’3″ |
What is Jon Corzine Net Worth and Salary in 2023?
As a former investment banker, US Senator, Governor, and business executive, Jon Corzine has accumulated significant wealth over his career. Here are some details on his net worth and salary:
- Net Worth: As per reports, Jon Corzine has a net worth of around $200 million as of 2023. His main sources of wealth have been his career at Goldman Sachs, stock investments, real estate holdings, salaries as Senator and Governor, and other business ventures.
- Goldman Sachs: Corzine worked at Goldman Sachs for over two decades and was the CEO from 1994 to 1999. His salary and stock holdings at the company contributed significantly to his wealth.
- MF Global Salary: As CEO of MF Global from 2010 to 2011, Corzine had an annual salary of around $12 million along with bonuses and stock options. This added to his net worth.
- Political Salaries: During his political career, Corzine earned over $1 million in salary as Senator and Governor combined.
- Other Income: Corzine also earns income from consulting, speaking engagements, board positions, investments, etc. that help maintain his high net worth.
Overall, his shrewd business skills, high-paying corporate roles, stock investments, and political career allowed Corzine to amass a personal fortune of around $200 million.
Jon Corzine Biography Overview
Early Life
Jon Corzine was born on January 1, 1947, in Taylorville, Illinois. He grew up on his family’s farm in Wiley Station, Illinois. After completing his education, he joined Goldman Sachs and quickly rose through the ranks, gaining recognition for his expertise in finance.
Corzine attended the University of Illinois at Urbana–Champaign and graduated in 1969 with a Bachelor’s degree in History. He later enrolled at the University of Chicago Booth School of Business and earned an MBA degree in 1973.
Career and Awards
After business school, Corzine began working for Continental Illinois National Bank. In 1975, he moved to Goldman Sachs as a bond trader and rose through the ranks to become the company’s senior partner and CEO. During his leadership, Goldman Sachs became a public company and grew significantly.
Corzine entered politics in 2000 when he was elected US Senator from New Jersey. He served one term until 2006 when he ran for Governor and defeated the incumbent to become the Governor of New Jersey.
As Governor, Corzine focused on various reforms in areas like property taxes, government spending, education, healthcare, etc.
After losing his re-election bid in 2009, Corzine became the CEO of MF Global, a futures brokerage firm. The company filed for bankruptcy in 2011 after risky bets on European sovereign debt. This led to Corzine resigning from MF Global. Since then, he has been involved with various businesses and teaches at universities.
Awards and Honors
Some of the key awards and honors received by Jon Corzine over his illustrious career include:
- Woodrow Wilson Award for Public Service in 2005
- Horatio Alger Award in 1997
- American Institute of Certified Public Accountants Public Service Award
- Named in Time Magazine’s ‘Time 100 Most Influential People’ list in 2007
- Financial World CEO of the Year Award in 1998
- Named as one of the Top 50 Business Intellectuals by Accenture Institute for Strategic Change
- Inducted into DeMolay Hall of Fame in 1999
Recent News and Controversies
Jon Corzine has been in the news recently due to some controversies surrounding his career:
- His daughter Brielle Biermann was involved in a major car accident in 2018 that left her seriously injured.
- In 2011, when MF Global collapsed, around $1.6 billion in customer funds went missing. Corzine faced investigations but denied any wrongdoing.
- He was ordered to pay $5 million as penalty to CFTC in 2017 for his role in MF Global’s unlawful use of customer funds.
- In 2013, Corzine reached a settlement agreement and paid $5 million to the MF Global trustee to resolve a lawsuit against him.
Despite his successes, these controversies have somewhat tainted Corzine’s legacy and reputation. However, he continues to be an influential figure in US business and political circles.
Personal Life
Jon Corzine has been married twice. His first marriage was to Joanne Dougherty Corzine, which lasted from 1969 to 2003. They have three children together: Jeffrey Corzine, Jennifer Corzine, and Josh Corzine. After his divorce from Joanne, Corzine married Sharon Elghanayan in 2010.
Social Media Accounts
FAQs about Jon Corzine
How much did Corzine earn as CEO of Goldman Sachs?
As the CEO of Goldman Sachs from 1994 to 1999, Corzine had an annual salary of over $2 million along with substantial stock awards and options that added millions more to his wealth.
What was Corzine’s salary as Governor of New Jersey?
During his tenure as Governor of New Jersey from 2006 to 2010, Jon Corzine earned an annual salary of around $175,000.
Did Corzine earn money from MF Global before its bankruptcy?
Yes, as CEO of MF Global from 2010-11, Corzine had an annual salary of approximately $12 million plus bonuses and stock incentives worth millions.
What have been Corzine’s major sources of wealth?
The main sources of Jon Corzine’s $200 million net worth have been his long career at Goldman Sachs, stock investments, salaries as Senator and Governor, real estate holdings, and earnings from post-political business ventures.
Conclusion
Jon Corzine is a prominent figure known for his successful business ventures and political career. Through his strategic decision-making and financial acumen, he has amassed a net worth of $200 million. Corzine’s accomplishments in both the corporate and political arenas make him a respected figure in society. With his ongoing investments and dedication to philanthropy, his influence continues to grow. Thank you for reading.
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