Steven Eisman Net Worth – How Rich is Steven Eisman?
Eisman is an outspoken truth-teller, refusing to accept the platitudes common among Wall Street leaders. After losing his one-year-old son, Eisman developed a moral compass which enabled him to identify how financial firms were taking advantage of working-class Americans and exploiting them financially.
Eisman details how and why most people were unaware of the 2008 financial crisis, as well as warning that recent gains among tech and growth stocks may prove temporary.
Early Life and Education
Steve Eisman was an American investor who became wealthy through shorting securitized subprime mortgages, as chronicled in Michael Lewis’ book and subsequent film The Big Short.
He was born in New York City, United States on July 8, 1962. After attending Yeshiva schools he went to Penn University, graduating with honors. Later he went onto Harvard Law School where he also achieved distinction.
Eisman has campaigned against for-profit colleges like ITT Educational Services and Corinthian College, prompting Citizens for Responsibility and Ethics in Washington to accuse him of trying to influence government regulations in his favor.
Since 1989, he and Valerie Feigen have been married. Together they had one son, Max, who tragically passed away due to irresponsible drug use.
Eisman joined FrontPoint Partners LLC in 2006 and immediately started shorting CDOs tied to subprime mortgage bonds, or shorting, according to Michael Lewis’ book and film, The Big Short. By 2007 his betting activity had caused FrontPoint’s assets to more than double.
He then founded Emrys Partners but later closed it in 2014. Today he serves as managing director and portfolio manager in Neuberger Berman’s Private Asset Management Division where he leads Eisman Group.
Eisman regularly speaks to audiences about his Wall Street and investing experience, explaining the causes and implications of 2008 financial crisis as well as why growth remains stagnant in America. Additionally, he discusses risks posed by undoing regulations implemented following crash as part of Trump administration agenda to repeal them and undo regulations implemented post crash enacted after crash occurred. Known for using harsh language against corporate America and banks who exploit poor Americans, Eisman often drops expletives when speaking on these subjects.
Achievement and Honors
Eisman is a well-known American businessman and capitalist known for his bet against securitized subprime home mortgages at FrontPoint Partners LLC, as a part of a group who predicted the financial crisis in 2007. Michael Lewis wrote about Eisman in his 2010 book and film adaptation thereof; Steve Carell received an Oscar nomination.
Eisman previously worked at Oppenheimer & Co as a managing director before co-founding FrontPoint in 2003. Additionally, he served as partner and senior portfolio manager of both its Financial Services Fund (which began operations March 2004) and Horizons Funds (January 2006).
He currently resides in Nassau County, New York and enjoys reading, swimming, doing yoga and outdoor games as hobbies in his free time. Valerie Feigen has been his wife since 1989.
Steve Eisman is an American businessman and investor best known for his successful wager against securitized subprime mortgages that contributed to the 2008 financial crisis and made him famous. A regular contributor for The New York Times, TV programs, radio broadcasts and public speaking engagements all utilize his experiences on Wall Street to give audiences greater understanding of that eventful period of financial turmoil.
Eisman has been married to Valerie Feigen since 1989; the actress portrayed Cynthia in The Big Short was one of her roles. Since that time they have shared one son together. Additionally, Eisman has campaigned against for-profit colleges despite criticism from groups such as Citizens for Responsibility and Ethics in Washington for his actions.
Steven Eisman currently boasts a net worth of approximately $1.5 Billion dollars earned through a lengthy and fruitful entrepreneurial career.
He attended Yeshiva schools before graduating with honors from the University of Pennsylvania as a magna cum laude student. Later, he attended Harvard Law School to earn his legal degree. Valerie Feigen, an acclaimed American actress is his wife.
His career began to flourish quickly upon joining Front Point Partners in Greenwich, Connecticut. Quickly rising through the ranks in their collateral debt obligation department and becoming one of its stars players.
He earned widespread renown when he bet against subprime mortgages during the financial crisis of 2007-2008, as chronicled in Michael Lewis’ book and later turned into the film “The Big Short”, starring Christian Bale and Steve Carell.