Steven Rattner, a prominent figure in the financial world, is known for his successful career as an investor, media commentator, and writer. In addition to his financial success, he is also recognized for his philanthropic endeavors and involvement in public policy matters.
This article will provide an overview of Steven Rattner net worth, early life, career, and personal achievements.
Quick Facts
| Full Name | Steven Rattner |
| Popular Name | Steven Rattner |
| Gender | Male |
| Birth Date | July 5, 1952 |
| Age | 70 years |
| Parents | George Rattner (father), Selma Rattner (mother) |
| Siblings | N/A |
| Birth Place | Great Neck, New York |
| Nationality | American |
| Ethnicity | Jewish |
| Education | Brown University |
| Marital Status | Married |
| Sexual Orientation | N/A |
| Wife/Spouse | Maureen White |
| Children | 4 |
| Dating | N/A |
| Net Worth | $188 million – $608 million |
| Source of Wealth | Investment banking, media, writing |
What is Steven Rattner Net Worth and Salary in 2023?
Steven Rattner, a renowned writer and investment asset manager, has an estimated net worth that ranges between $188 million and $620 million as of 2023. This significant wealth is a result of his successful career in the financial sector, including his role as the lead adviser to the Presidential Task Force on the Auto Industry in 2009 for the Obama administration.
He also serves as the chairman and chief executive officer of Willett Advisors LLC, which manages billionaire former New York mayor Michael Bloomberg’s personal and philanthropic assets.
Steven Rattner Biography Overview
Early Life
Born on July 5, 1952, in Great Neck, New York, Steven Rattner grew up in a Jewish family. His father, George Rattner, was the president of Paragon Paint and Varnish Corporation, while his mother, Selma Rattner, was an architecture preservationist and vice president of the Victorian Society of America.
He graduated from St. Louis’ Ladue Horton Watkins High School in 1974. Karsh received an A.B. in economics from Duke University in 1977, where he graduated summa cum laude and was named to Phi Beta Kappa.
He acquired his J.D. from the University of Virginia School of Law in 1980, where he was awarded the Order of the Coif. He was the notes editor for the Virginia Law Review while at the University of Virginia.
Career and Awards
Steven Rattner, is a renowned American investor, media commentator, and former journalist. He currently holds the position of Chairman and Chief Executive Officer at Willett Advisors LLC, a private investment firm that manages the personal and philanthropic assets of billionaire and former New York mayor Michael Bloomberg.
Rattner’s career spans various sectors, from journalism to investment banking, and he has made significant contributions in each.
As a graduate of Brown University, Rattner received his A.B. with honors in economics in 1974 and was awarded the prestigious Harvey Baker Fellowship. His academic achievements set the foundation for his successful career.
In addition to his role at Willett Advisors, Rattner is also a Contributing Opinion Writer for The New York Times and serves as the Economic Analyst for Morning Joe on MSNBC.
Career Highlights
Rattner began his career as an economic reporter for The New York Times before transitioning into investment banking. He held prominent positions at Lehman Brothers, Morgan Stanley, and Lazard Freres & Co., where he rose to the rank of deputy chairman and deputy chief executive officer.
In 2000, Rattner co-founded Quadrangle Group, a private equity investment firm specializing in the media and communications industries. He later served as the lead adviser to the Presidential Task Force on the Auto Industry in 2009.
In terms of public service, Rattner has been actively involved in politics, supporting Democratic candidates and serving as an advisor on economic matters.
He played a crucial role in the Obama Administration’s rescue of the auto industry during the 2008-2010 crisis, a feat he detailed in his New York Times best-selling book, Overhaul: An Insider’s Account of the Obama Administration’s Emergency Auto Rescue.
Awards and Recognition
Throughout his career, Rattner has received several accolades for his work. His most notable award is the Harvey Baker Fellowship, which he received during his time at Brown University. His contributions to the field of economics and his role in saving the auto industry have earned him widespread recognition and respect.
Philanthropy
Karsh and his wife established the Karsh Family Foundation in 1998, a nonprofit organization that has given or promised more than $200 million to education and scholarships at all levels.
Teach for America and KIPP are two of their beneficiaries. Karsh is a co-founder of The Painted Turtle, a non-profit organization that runs a camp in Los Angeles for children with life-threatening conditions.
The pair gave $10 million to Howard University in January 2020 (the largest contribution in the university’s history) for the Bison STEM Scholars Program, which was renamed the Karsh STEM Scholars Program.
Recent News (2023)
In recent news, Rattner has been vocal about economic issues, particularly those related to technology and productivity. In July 2023, he expressed concerns about the slow pace of technological development and its impact on productivity.
As an economic analyst, he continues to provide valuable insights into various economic issues, contributing to discussions on interest rates, inflation, and overall economic growth.
Personal Life
In 1986, Rattner married Maureen White, a former State Department official. They have four children together and reside in a Manhattan apartment. The couple also owns a horse farm in North Salem, New York, and spends their summers on Martha’s Vineyard.
Rattner is actively involved in various civic and philanthropic organizations, serving as a board member or trustee for institutions such as the Metropolitan Museum of Art, Brown University, and the Mayor’s Fund to Advance New York City. He is also a member of the Council on Foreign Relations.
Social Media Accounts
As of now, there is no information available about Steven Rattner’s social media accounts.
FAQs about Steven Rattner
What is Steven Rattner’s role in the automotive industry bailout?
Steven Rattner served as the head of the Obama administration’s Auto Task Force, which was responsible for overseeing the restructuring and bailout of the U.S. automotive industry during the financial crisis.
Has Steven Rattner been involved in philanthropy?
Yes, Steven Rattner and his wife, Maureen White, have been involved in philanthropic activities. They have supported various charitable causes, including education, healthcare, and the arts.
Are there any controversies associated with Steven Rattner or his work?
Steven Rattner faced legal and regulatory issues related to his involvement in a pension fund scandal at Quadrangle Group. He later settled with the SEC without admitting or denying wrongdoing.
Conclusion
Steven Rattner’s remarkable career trajectory, from journalist to investment banker to influential advisor, has solidified his position as a prominent figure in the financial world. With a net worth ranging between $188 million and $608 million, he has achieved significant financial success. However, Rattner’s contributions extend beyond his wealth, as he actively engages in philanthropy and public policy matters. Thank you for reading.
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