NEW YORK, Jan. 13, 2011 /PRNewswire/ -- Wealth-X, the world's leading wealth intelligence firm, today announced the publication of its analysis of the fortunes of Wall Street's ten wealthiest executives.
According to Wealth-X estimates, the top executives at the ten biggest banks and asset managers on Wall Street—including Lloyd Blankfein of Goldman Sachs, Larry Fink of BlackRock and Jamie Dimon of J.P. Morgan—have an average net worth of $210 million.
Their combined net worth is at least $2.1 billion when accounting for shares and options in their publicly-trade banks, residential and commercial property, art collections, cash and other investible assets. These ultra high net worth individuals (UHNW) have an average liquid net worth of $75 million.
The executives, the Wealth-X article says, are likely to get much richer in 2011 as large bonuses will remain the norm and financial stocks rise as the economy improves.
"Despite the ongoing public relations battle between Wall Street and Main Street, private wealth managers need continue to focus on financial executives in the coming months," says Wealth-X CEO Mykolas Rambus. "These executives have large, concentrated stock positions. As a result, wealth advisors will need deep insight into the challenges their portfolios represent."
"Wealth-X's online tool provides specialized, curated intelligence on thousands of ultra-high net worth individuals, including those on Wall Street," says David Friedman, EVP of Strategy for Wealth-X. "Each online profile includes information on an individual's net worth, liquidity, income, passions, hobbies, philanthropic tendencies, political affiliations, known associates and service providers. This insight empowers Wealth-X members to identify prospects, qualify potential clients, connect with and win new relationships with the world's wealthiest."
For individual net worth numbers on all of Wall Street's executives, please learn more about our service at www.wealth-x.net.
Key Stats on the Top Ten Financial CEOs On Wall Street:
Average Net Worth: $210 million
Combined Net Worth: $2.1 billion
Average Liquid Net Worth: $75 million
Combined Liquid Net Worth: $755 million
Wealth-X is the global leader in helping private wealth managers increase assets under management. The firm's member-only business development solution is the standard for advisors and bankers working with ultra-high-net-worth clients. Wealth-X provides its members with qualified prospects and intelligence on ultra high net worth individuals, along with the privately held-companies they control. Led by former Forbes executives, the Wealth-X research team is the authority on collecting and analyzing information about ultra high net worth individuals, including their wealth, income, passions, philanthropic interest, affiliations, politics, advisors, families and biographies. For more information, visit www.wealth-x.net.
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