Home / Celebrity Net Worth / Business / Andrew Fastow Net Worth

Andrew Fastow Net Worth, Biography & Wiki in 2017

How rich is Andrew Fastow?

Andrew Fastow net worth:
$500,000

People also search for

Jeffrey Skilling

Kenneth Lay

Lea Fastow (Spouse)

Sherron Watkins

Lou Pai

Bethany McLean

Andrew Fastow Net Worth, Wiki & Biography in 2017

Andrew Stuart Fastow was born on 22 December 1961, in Washington, D.C., USA, and is of Jewish descent. Andrew is a businessman, best known for being the chief financial officer of the energy trading company Enron Corporation, from which he was fired after the company was declared bankrupt leading to a criminal case. However, all of his endeavors have helped put his net worth to where it is today.

How rich is Andrew Fastow? As of early-2017, sources estimate a net worth that is at $500,000, mostly earned through success in business. His wealth has significantly dropped due to the criminal case which revealed that he had defrauded tens of millions of dollars. However, as he continues his career, it is possible that his net worth could increase.

Andrew Fastow Net Worth $500,000

Fastow attended New Providence High School, being part of the student government, and playing in the school band as well as the tennis team. After matriculating, he attended Tufts University graduating in 1983 with a degree in Economics and Chinese, and would then get an MBA at Northwestern University. His net worth kicked-off when he worked at Continental Illinois National Bank and Trust Company, and taught Hebrew at Congregation Or Ami.

During his time at Continental, Andrew worked on the emerging “asset-backed securities” which was starting to spread across the banking industry. Thanks to his work there, he was eventually hired by Enron Finance Corp in 1990; the status of the US energy markets would provide Enron with trade opportunities – they would buy energy from cheap producers and sell it at floating prices. Fastow would soon make his skills known, especially on playing the market. In 1998, he would become the Chief Financial Officer of the company, and designed a web of companies that did business with Enron, but which was also used to hide losses of over $30 billion in their balance sheets, although it appeared that the company was debt free. He had a personal financial stake in the company’s funds and was starting to pressure other companies to invest in his company – the move was effective until Enron declared bankruptcy.

In 2002, Andrew was indicted on 78 counts including conspiracy, money laundering, and fraud. He served a ten year sentence after pleading guilty to two counts of wire and securities fraud. He also became an informant for the authorities in the prosecution of other Enron executives, leading to a reduced sentence of six years. In 2011, he was released to a halfway house to serve the remainder of his sentence.

A lot of books have been written about Fastow and Enron. “24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate America” was one. Another book was “The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron”. In 2005, the book “Conspiracy of Fools” featured Andrew as an antagonist.

For his personal life, it is known that Andrew has been married to Lea Weingarten since 1984, who he met while attending Tufts University; the two graduated with MBAs together. However, she was also arrested because she was involved with Enron as an assistant treasurer, and served a year sentence in a federal prison and a year of supervised release.

Andrew Fastow information

Andrew Fastow information

Andrew Fastow profile links

Andrew Fastow profile links


More about Andrew Fastow:

  • Filmography
  • Awards
  • Salaries
  • Facts
  • Quotes
  • Trademarks
  • Pictures


Thanks

Thanks

TitleYearStatusCharacter
Fun with Dick and Jane2005special thanks: Enron

Self

Self

TitleYearStatusCharacter
Independent Lens2005TV Series documentaryHimself

Archive Footage

Archive Footage

TitleYearStatusCharacter
Enron: The Smartest Guys in the Room2005DocumentaryHimself

Looks like we don't have Andrew Fastow awards information. Sorry!



Looks like we don't have Andrew Fastow salary information. Sorry!



Looks like we don't have Andrew Fastow interesting facts information. Sorry!



Looks like we don't have Andrew Fastow quotes information. Sorry!



Looks like we don't have Andrew Fastow trademarks information. Sorry!



Looks like we don't have Andrew Fastow pictures. Sorry!

Is Andrew Fastow's Net Worth Deserved?

Check Also

Cindy McCain Net Worth

Cindy Lou Hensley was born on 20 May 1954, in Phoenix, Arizona USA into a …