Gary Cohn Net Worth – $500 million
What is Gary Cohn’s net worth? Who is Gary Cohn’s wife?
Introduction
Gary Cohn is the former White House chief economic adviser and Goldman Sachs president.
Biography
He was born on August 27, 1960, in Cleveland, Ohio, USA, as Gary David Cohn.
Gary was diagnosed with dyslexia during his childhood.
In 1982, Cohn earned a business degree from American University. After college, Cohn worked at the U.S. Steel for a while.
In 1990, he began a career in finance at The Goldman Sachs Group, Inc.
In 2003, Cohn was named co-head of Equities.
From 2006 to 2016, Mr. Cohn was President and Chief Operating Officer of The Goldman Sachs Group, Inc.
National Economic Council
On January 20, 2017, he took office as Director of the National Economic Council.
Trump said in a statement: ”As my top economic advisor, Gary Cohn is going to put his talents as a highly successful businessman to work for the American people.”
Cohn resigned from the administration in March 2018 amid a disagreement with Trump’s tariff policies, who announced plans to impose a 10% tariff on aluminum imports and a 25% tariff on steel imports.
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”He is a rare talent, and I thank him for his dedicated service to the American people,” Trump said in a statement to The New York Times.
”I am grateful to the President for giving me this opportunity and wish him and the Administration great success in the future,” Cohn said in a statement provided by the White House.
In October 2018, Gary joined Spring Labs as an advisor. The company is developing the Spring Network, a protocol designed to transform how data and information are shared worldwide.
”I have been very interested in blockchain technology for a number of years, and Spring Labs is developing a network that could have profound implications for the financial services sector, among others,” he told Bloomberg.
In January 2019, Mr. Cohn joined the board of directors of Machine Zone, a global market leader in mobile gaming. ”I’m excited about the strength of MZ’s mission to unite people around the globe in real-time through gaming, which is one of the fastest-growing sectors in entertainment,” he said at the time.
He served as a Visiting Fellow at the Institute of Politics at the Harvard Kennedy School in 2019.
In October 2019, Gary joined Hoyos Integrity Corporation as an investor and member of its Board of Advisors. Hoyos is an American technology company that provides secured communications technologies.
”Hoyos is a unique company in the world of secure voice and data communications and the use of biometrics,” Gary said in a press release.
Gary was appointed to the Risk & Governance Advisory Board at Starling Trust Sciences in April 2020.
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In August 2020, Cohn launched Cohn Robbins Holdings Corp alongside Clifton S. Robbins. Cohn Robbins Holdings Corp. operates as a blank check company. Board members include – Anne Sheehan, Alex T. Robertson, C. Robert Kidder, and Kathryn A. Hall.
IBM
On January 5, 2021, Cohn was appointed vice-chairman of IBM.
”I am honored to be joining IBM, one of the world’s most important companies, providing technology that helps organizations be agile and resilient in unpredictable times,” he said.
In 2021, Cohn appeared on the mini-series documentary ”Trump Takes on the World.”
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Wife
Gary Cohn is married to Lisa Pevaroff-Cohn.
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Gary and Lisa have served as co-chairs of the annual Hamptons Paddle & Party for Pink event.
The two are also founding board members of the NY University Child Study Center.
Children
The couple has three daughters.
Quotes
”A weak dollar makes U.S. exports cheap and may create an opportunity to encourage foreign investment in the U.S.”
”The stock market only reflects the performance of the largest businesses, who increase their market share every time another small business closes.”
”Our small businesses in this country – they are key to our success, they are key to our economic growth, and they are key to jobs.”
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Gary Cohn – Net Worth
So, how much is Gary Cohn worth?
Cohn earned most of his wealth from working at Goldman Sachs since 1990.
In 1994, Cohn became a partner. In 2006, Gary was promoted to Goldman’s second-in-command position.
In early 2017, Cohn received a $285 million severance package from Goldman Sachs. Also in 2017, he sold a stake ($16 million) in the Industrial and Commercial Bank of China.
He served as Assistant to the President for Economic Policy and Director of the National Economic Council. He only took an annual salary of $30,000.
Mr. Cohn serves on the boards of Spring Labs, Hoyos Integrity, and Gro Intelligence. He is the Chairman of the Board of Pallas Advisors and a co-founder of Cohn Robbins Holdings Corp.
Cohn appeared on Fareed Zakaria GPS, 60 Minutes, Face the Nation, Erin Burnett OutFront, Sunday Morning Futures with Maria Bartiromo, Good Morning America, and The Story with Martha MacCallum.
Therefore, American business leader Gary Cohn has an estimated net worth of $500 million.
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