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Henry Blodget Net Worth, Biography & Wiki 2017
Henry Blodget was born in 1966, in Manhattan, New York City USA, and is an author, journalist, investor, and businessman by profession, known worldwide as the CEO and editor of the business news outlet, Business Insider. The man has also garnered popularity by hosting the Yahoo finance show, “Yahoo Daily Ticker.” Previously, he worked for CIBC Oppenheimer and Merrill Lynch.
So, just how rich is Henry Blodget? Authoritative sources indicate that Henry Blodget boasts an impressive net worth of $25 million, amassed primarily through the success of his news outlet, Business Insider.
Henry Blodget Net Worth $25 million
Born into an affluent family as his father was a commercial banker, Blodget had a silver spoon upbringing. He matriculated from Phillips Exeter Academy, then acquired his Bachelor of Arts degree at the esteemed Yale University. Upon graduation, Henry flew to Japan and taught English, but when that didn´t work out so well for him, he moved to San Francisco to pursue his dream of being a writer. During that period, he also worked as a tennis coach to put food on the table and foot his bills. He also worked as a proofreader for Harper´s Magazine and as a freelance journalist at the time.
In 1996, Blodget decided to get a job in finance and so joined Oppenheimer & Co in equity research. During his time there, the man grabbed headlines when he correctly predicted the massive surge in Amazon shares and stocks. A few months after gaining the spotlight, he was offered a post at Merrill Lynch, but subsequently reached the lowest point in his career in early 2000 when he invested $700,000 of his own money in tech stocks, only to lose it because of the bursting of the dot-com bubble. In 2001he left Merrill Lynch in search of greener pastures.
The following year, he was charged with civil securities fraud. According to reports, Blodget provided doctored reports on stocks which were at odds with what was actually published. He pleaded guilty to the charges and was ordered to pay a total fine of $4 million; the man was also banned for life from the securities industry.
After meeting Kevin Ryan in 2005, the duo decided to set up an online business publication entitled Silicon Alley Insider, on which Blodget served as the editor-in-chief and CEO. A few years later in 2009, the founders decided to deploy overarching strategies in a bid to reach the masses, and thus launched Business Insider, and within a couple of years the revenues of Business Insider totaled $5 million. In 2015, the German publishing company, Axel Springer, bought 88 percent of the online news publication for $343 million, after which Blodget released a statement, “We have tremendous respect for Axel Springer´s commitment to independent journalism and its global vision for the future.”
A frequent flyer owing to his business meetings, Blodget met his wife at a San Francisco baggage carousel in 1997 and they married in 2001 – other details remain private.