Steven Eisman Net Worth, Career, Source of Income, and Bio
Steve Eisman, the managing director of Neuberger Berman, is an American investor and businessperson who’s known for his prescient predictions about subprime mortgages during the subprime mortgage crisis.
Eisman was born on July 8, 1962, in New York City. He attended the University of Pennsylvania and graduated with honors in 1984. He then graduated from Harvard Law School with honors.
After law school, he worked at several firms, including the now-infamous hedge fund FrontPoint Partners. In the early 2000s, Eisman began to investigate the subprime mortgage market, warning that it was headed for disaster.
There’s more to know about Steven Eisman. Let’s find out, shall we?
Profile Summary
- Name: Steven Eisman
- Profession: American Businessperson and investor
- Date of Birth: 8, 1962 (now 61 years old)
- Birth Place: New York City, United States
- Nationality: American
- Marital Status: Married
- Net Worth: $1.5 – $2 billion
Early Life and Education
Steven Eisman was born on July 8, 1962, in New York City, United States. His parents were Elliott Eisman (father) and Lillian Eisman (mother).
Some sources claim that he had other siblings, but information concerning them is yet to be verified.
At the beginning of his life, he was raised by his parents in New York. According to Wikipedia, both his parents used to work in finance and were Oppenheimer brokers.
So, it is safe to say that they also inspired his career in the finance industry.
Growing up, Steven attended Yeshiva schools, where it is believed he completed both his primary and secondary school education.
After that, he enrolled at the University of Pennsylvania and graduated with honors in 1984. He also attended Harvard Law School and graduated with honors.
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Career
Steve Eisman worked at FrontPoint Partners from 2002 to 2010, where he served as the head of a team that managed investments in the financial sector.
During his time at FrontPoint, Eisman became concerned about the growing problems in the subprime mortgage market.
He was one of the few investors who correctly predicted the crisis, and he made a profit of over $1 billion by betting against mortgage-backed securities.
However, Eisman’s career at FrontPoint ended in 2010 after he clashed with his colleagues over his bearish predictions.
After leaving FrontPoint Partners in 2010, Steve Eisman founded his own investment firm, Emrys Partners.
The firm, which is named after a character from Arthurian legend, focuses on investment opportunities in a variety of sectors, including healthcare, technology, and energy.
Sadly, due to the poor performance of funds raised for the market, Eisman announced that he was shutting down the fund.
However, a rough estimate shows that the fund controlled over $185 million in assets at the time of its dissolution in mid-2014.
Source of Income
For a person like Steven Eisman, you shouldn’t expect the business mogul to have only one source of income.
Steven Eisman’s main source of income is his work as an investor and founder of Emrys Partners, which later crashed in 2014.
However, let’s not forget that he made a profit of over $1 billion by betting against mortgage-backed securities sometime during his career at FrontPoint Partners.
He also earns money from other sources, such as speaking fees and book royalties. Eisman’s book, The Big Short: Inside the Doomsday Machine, was adapted into a major motion picture starring Christian Bale.
In fact, because of his numerous sources of income, he has been able to build an impressive net worth, which is estimated to be between $1.5 million and $2 million, making him easily considered one of the wealthiest people in business in recent times.
Relationship
The American investor and businessman Steven Eisman has been married to his wife Valerie Feigen since 1989, when he was only 27 years old.
Most people see Steven Eisman as rude and aggressive, and even his wife Valerie attested to that when she said, “Even on Wall Street, people think he’s rude, obnoxious and aggressive.”
On the other hand, while Steven himself is aware of his tendency to be rude, he doesn’t seem to feel concerned about it, as he once said to an interviewer, “I forget myself sometimes.”
Together, both couples had a son named Max, but unfortunately, he died not too long after he was born when his nurse accidentally rolled on top of him in her sleep.
Steven revealed that the terrible incident of the death of his son has affected him in different ways, and he can’t get over it.
Steven Eisman Net Worth
As of 2023, Steven Eisman net worth is estimated to be between $1.5 billion to $2 billion. However, it’s important to note that this figure is only an estimate, and the exact amount is not publicly available.
Eisman has earned his wealth through a combination of his work as a businessman, investor, and author.
However, despite his success, Eisman continues to work hard to find new investment opportunities to further boost his financial profile. It does look like what anyone would do.
Social Media
Recent research shows that Steven Eisman doesn’t have an account on any social media platform, including Facebook, Instagram, and Twitter.
It is not a surprise for a core businessman like Steven not to be active on any social media platform.
While some business owners may utilize social media for their businesses, others may not want to have any accounts on any platform. It all boils down to priority and one’s preference.
Mind you, be careful and wary of so many fake profiles trying to identify Steven Eisman on social media, as he does not yet have any accounts on any platform.
