Gary Gensler Annual Salary
Gary Gensler’s salary is $0.278 million per year and gets a monthly salary of $76,667, he is an American government official and former investment banker serving as the chair of the U.S. Securities and Exchange Commission.
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Gary Gensler Net Worth 2023
Gary Gensler has a net worth of $52 million dollars as of 2023. He has accumulated his net worth with the versatility he has shown in each field he has worked in.
His main source of earnings comes from his career as an investment banker and politician.
Gensler joined Goldman Sachs in 1979 and worked there for 18 years. At the age of 30, Gensler became one of the firm’s youngest partners at the time.
He spent the 1980s as a top mergers and acquisitions banker, having taken over responsibility for Goldman’s media advisory efforts. He later moved to Tokyo to work in trading and finance, where he oversaw the firm’s fixed income and currency trading.
Gensler led a team at Goldman Sachs that advised the National Football League on the then-most lucrative television deal in history, a $3.6 billion deal selling television sports rights.
Gensler’s most recent position at Goldman Sachs was co-head of finance, where he was in charge of controllers and treasury around the world.
After 18 years at Goldman, Gensler was nominated by President Bill Clinton and confirmed by the United States Senate to be the Assistant Secretary of the Treasury.
From 2001 to 2009, Gensler served on the board of the for-profit university Strayer Education, Inc. Since the 1990s, Gensler has held a variety of government positions.
From 1997 to 1999, Gensler was Assistant Secretary of the Treasury for Financial Markets, and from 1999 to 2001, he was Undersecretary of the Treasury for Domestic Finance.
As Assistant Secretary, Gensler assisted the Secretary of the Treasury in developing and implementing federal government policies for debt management and the sale of U.S. government securities.
Under then-Treasury Secretary Lawrence Summers, Gensler lobbied for the passage of the Commodity Futures Modernization Act, which exempted over-the-counter derivatives from regulation, in 1999 and 2000.
Gensler served as Undersecretary of the Treasury for Domestic Finance, advising and assisting Treasury Secretaries Robert Rubin and Lawrence Summers on domestic finance issues such as financial institutions, public debt management, capital markets, government financial management services, federal lending, fiscal affairs, government sponsored enterprises, and community development.
Gensler received the Treasury Department’s highest honor, the Alexander Hamilton Award, for his service while working there.
Gensler was born in Baltimore, Maryland, to a Jewish family as one of five children to Jane (née Tilles) and Sam Gensler.
Sam Gensler was a cigarette and pinball machine vendor to local bars, and he gave Gensler his first taste of the real-world side of finance by taking him to Baltimore’s bars to count nickels from vending machines.
Gensler graduated from Pikesville High School in 1975 and was later honored as a Distinguished Alumnus. After three years at the University of Pennsylvania’s Wharton School, Gensler earned a bachelor’s degree in economics, summa cum laude, followed by a master’s degree in business administration the following year. Gensler’s identical twin brother attended the University of Pennsylvania as well.
As an undergraduate, Gensler joined the University of Pennsylvania crew team as a coxswain, reducing his weight to 112 pounds to keep the boat balanced.
Wife and Kids
Gensler and his three daughters, Anna, Lee, and Isabel, live in Baltimore. From 1986 until her death from breast cancer in 2006, Gensler was married to filmmaker and photocollagist Francesca Danieli.
Gensler is a runner who has completed nine marathons as well as one 50-mile ultramarathon. He is also a mountaineer, having climbed Mt. Rainier and Mt. Kilimanjaro.