Richard McVey Net Worth 2023
Richard M McVey is a highly successful American entrepreneur and CEO of MarketAxess, which is an electronic trading platform for corporate bonds and fixed-income products.
As of December 8, 2022, his estimated net worth is at least $466 million. He has accumulated his wealth through his successful career in the finance industry and by founding and leading MarketAxess since 2000.
Mr. McVey owns over 24,515 units of MarketAxess stock worth over $253,849,444 and has sold over $208,557,700 worth of MKTX stock over the last 18 years.
In addition, he earns an annual salary of $3,222,710 as the Chairman of the Board and CEO of MarketAxess.
On the other hand, Lara Spencer, Richard M McVey’s wife, has an estimated net worth of $20 million dollars as of 2022. Her wealth is mainly attributed to her successful media personality career.
She has displayed her versatility in several fields she has worked in, and she continues to make strides in her career. Lara Spencer earns an annual salary of $3 million, and she is an American television presenter who currently works as a correspondent for Nightline and ABC News.
Her salary is quite impressive, and it is projected that as she progresses in her career, her net worth will continue to rise.
Richard McVey Bio
Rick McVey is an accomplished American entrepreneur born on January 2, 1959, in Painesville, Ohio. He is widely recognized as the founder, chairman, and CEO of MarketAxess, a leading electronic trading platform for corporate bonds and fixed-income products.
Since its inception in April 2000, Rick has been at the helm of the company, steering it to unprecedented growth and success.
Under his leadership, MarketAxess has become a prominent player in the electronic trading industry, offering innovative trading solutions to investors and financial institutions globally.
Prior to founding MarketAxess, Rick McVey worked for fourteen years at JP Morgan, where he held several senior positions in fixed income and foreign exchange trading.
With his exceptional business acumen, Rick has become a notable figure in the financial services sector, and his contributions to the industry have earned him numerous accolades and recognition.
Richard McVey Age and Education
Rick McVey was born on January 2, 1959, in Painesville, Ohio, which makes him 64 years old as of 2023. He spent his childhood in a suburb of Cleveland where his father was involved in the oil business and invested in stocks.
McVey graduated with a Bachelor of Arts degree in finance from Miami University in Ohio. He later went on to pursue a Master of Business Administration degree from the Kelley School of Business at Indiana University, which he obtained in 1983.
Career
Richard McVey began his career in 1991 when he joined JP Morgan as a part of the North America Futures and Options Business team.
He managed various aspects of the institutional brokerage, research, operations, finance, and compliance. McVey’s exceptional work led him to be promoted to the position of managing director at JP Morgan.
In 1995, he relocated to New York and took over the North American Fixed Income Sales business. During his tenure, he managed the institutional distribution of fixed-income securities to investors, a position he held until the year 2000.
McVey conceptualized the idea for MarketAxess while at JP Morgan’s Lab Morgan program, which supported executives’ ideas for using web-based technology.
He launched MarketAxess as an independent venture in April 2000 after securing $24 million in capital from JP Morgan and Bear Stearns, among other market participants.
McVey has been the chairman and CEO of MarketAxess since its inception in 2000. He led the company’s initial public offering in November 2004, which helped the company grow significantly.
Richard McVey First Wife, Daughters Name
Richard McVey has been married twice in his life, but the name of his first wife is not publicly known. From his previous marriages, he has three daughters whose names have not been disclosed.
In September 2018, McVey got married for the second time to Lara Spencer, a television personality who co-anchors ABC’s “Good Morning America.”
The couple tied the knot in a beautiful ceremony held in Vail, Colorado, surrounded by family and close friends. The couple had announced their engagement earlier in January 2018, and since then, they have been seen attending various red carpet events together.
With this marriage, Spencer became a stepmother to McVey’s three daughters from his previous marriages. The couple has kept their personal life relatively private and away from the media spotlight.