Steve Eisman is one of the most renowned entrepreneurs worldwide.” Don’t you know about him? Did the name get you curious? Want to know more? Here goesโ Steve Eisman is a famous investor and an entrepreneur in finance. He is the managing director of Neuberger Berman.ย
Eisman holds exceptional expertise in the domain of finance and focuses primarily on the complexities of the CDO (collateralized debt obligations). He is popular for amassing immense wealth by profiting from the collapse of the US housing bubble (2002- 2009).
Eisman has also founded various finance firms in the past and gained success from them, solidifying his name as one of the most clever finance entrepreneurs in the world.
Fans of Steve Eisman have been curious to know more about his net worth, early life, education, wife, family sources of income, and more. Let’s take a deeper look into these phases of his life for more information:
Steven Eismanโs Bio
Born on July 8, 1962, Steven Eisman has had a finance background since the beginning of his life. He was born into a wealthy middle-class family, with his parents both working in the field of finance as brokers at Oppenheimer.
Eisman grew up in the bustling city of New York. Even though he was unhappy with his parent’s profession, he still had to work in the same field. His parents arranged a position for him as an equity analyst at Oppenheimer, and since then, his career in the field of finance has begun.
Steve Eismanโs parents were Americans. The names of his father and mother are Lillian and Elliot Eisman, respectively. They were both highly skilled individuals in finance, and it seems that Steveโs inbuilt talent for finance skills has been passed on to him through heredity.
Why is Steve Eisman famous?
Eisman gained popularity for his fortunate bet on subprime mortgages right before the Great Financial Crisis (GFC) of 2008.
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Steve Eisman Net Worthย
Steve Eisman is estimated to have a net worth of $2 billion in 2023, which is Rs 166,24 crores in INR (Indian National Rupee). The successful investor and businessman has accumulated a huge amount of wealth by working at the various funding agencies he has been a part of in his career.ย ย
Half of his net worth‘s wealth was achieved when he secured $1 million in funding for the first place where he worked, namely FronPoint Partners.
The remaining sum that he made came from the other two finance firms he founded in the past, namely โEmrys Partners’ and โNeuberger Bermanโ.
Steve Eismanโs Sources of Income
The most prominent source of Steve Eistenโs income is his current funding agency, Neuberger Berman’s. Any other business ventures (if any) are unknown, as the businessman hasn’t disclosed anything about them yet.
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Steve Eisman: Age, Height, and Education
Steven Eisman is 61 years old (as of 2023) and has completed his education from a kid to a high schooler at the Yeshiva schools. After completing high school, he enrolled himself at the University of Pennsylvania.
Steve Eisman further pursued his studies at Harvard Law School and earned his J.D. with honors. Eisman stands 5 feet 6 inches tall and weighs 90 kg. He is American by nationality and pure white by ethnicity.
Steve Eismanโs Career
Steve Eisman has been a part of many financial fund firms in his career. Let’s take a look at each of them with his achievements below:
FrontPoint Partners
Steven Eisman joined FrontPoint Partners, a unit of Morgan Stanley and Betting, after his studies.
By 2010, he had managed to increase the value of the company by accumulating more than $1 billion and gaining appreciation. However, he left the front point partners in 2011 for controversial reasons.
With his exceptional skills and hard work, he quickly rose to the high ranks of the companyโs Collateralized Debt Obligation team.
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Emrys Partners
After leaving FrontPoint Partners, Steve Eisman founded the funding firm Emrys Partners” with an investment of $ 23 billion.
The company, however, did not make as much profit as anticipated by Eisman in 2012 but made a good profit of 10.3 percent in 2013 before it was closed. The value of the funds was $185 million at the time of their closure.
Neuberger Berman
“Neuberger Berman is the present funding firm of Steve Eisman, of which he works as the managing director and portfolio manager.
He has profited from this firm through various educational institutions such as Corinthian Colleges, Education Management Corporation, and IT Educational Services.
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Book Based on Steve Eismanย
The book โ Big Short: Inside the Doomsday Machine centers around Steve Eismenโs real-life experience of the most significant achievement of the profit he gained with his skills at the time of the US housing bubble from 2007 to 2008.
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Steve Eisman: Wife & Children
.Steve Eisman married Valerie Feigan in 1989, and since then, he has been together with her. The records of his past girlfriends and fiancรฉs are unknown.
The couple had a son before, but he died when he was an infant when the night nurse rolled on top of him in her sleep. The incident was tragic for the couple, and after that, they didn’t plan on having or adopting another child.
Summing Up
Steve Eisman has had incredible talent in finance and has achieved milestones. His life story has acted as an inspiration for the youth who are aspiring to pursue a career in finance to an immense extent.
For more information about Steve Eisman, you can explore Wikipedia.
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FAQโs
Who is the wife of Steve Eisman?
Valerie Feigan is the wife of Steve Eisman.
What fund does Steve Eisman run?
The name of Steve Eismnโs fund is Neuberger Berman.
How many marriages did Steven Eisman have?
Steven Eisman has gotten married only once and is going strong.
Did Steven Eisman have any divorces?
No, Steven never had a divorce in his life.
How old is Steve Eisman?
Steve Eisman is 61 years old (in 2023).
