Jon Corzine net worth is
People also search for
Jon Corzine Net Worth, Biography & Wiki 2017
Jon Stevens Corzine was born on the 1st January 1947, in Taylorville, Illinois USA, and is a politician and financial executive, perhaps best known to the world for being the 54th Governor of New Jersey, serving in the position from January 2006 until January 2010. Also, Jon was a United States Senator for New Jersey from January 2001 until January 2006. His career started in the early 1970s.
Have you ever wondered how rich Jon Corzine is, as of late 2016? According to authoritative sources, it has been estimated that Corzine`s net worth is as high as $350 million, an amount earned largely through his successful career.
Jon Corzine Net Worth $350 Million
Jon is the son of Roy Allen Corzine and his wife Nancy June. He was raised on a family farm located in Willey Station, Illinois, near to Taylorville where he went to high school, and matriculated in 1965; Jon then enrolled at the University of Illinois at Urbana-Champaign. While in his final year in college, Jon joined the United States Marine Corps Reserve, and served for the next six years, reaching the rank of sergeant. During this time, Jon enrolled at the University of Chicago Boot School of Business, from which he graduated with an MBA.
His first job in the civilian world was as a bond trader for Continental Illinois National Bank, begun even before finishing education. After that he joined the BancOhio National Bank in Columbus Ohio, but not long after, he moved to Goldman Sachs as bond trader. Little by little he progressed, and after nearly 20 years he became the bank`s CEO and Chairman. However, his reign didn`t last long, as in 1999 he was forced out from the bank, as he jeopardized the whole USfinancial system when he developed a rescue package for the hedge fund Long Term Capital Management. Nevertheless, when Goldman Sachs went public, he received $400 million, which significantly increased his net worth.
After that, he started his political career, and in the 2000 Senate elections he won against the Republican Bob Francis by a 3% margin; Jon spent around $60 million for the campaign, rendering it as the most expensive Senate campaign in US history. He served in the position until 2006, as he was elected as the 54th New Jersey Governor in the Gubernatorial Election 2005, defeating Doug Forrester, while having 53.5% of the votes. Four years later, Jon participated in the Gubernatorial Elections, but this time he lost to Republican Chris Christie. However, during his reign in politics, his net worth also increased to a large degree.
After the unsuccessful elections, Jon returned to finance, and was appointed as the CEO of MF Global, a multinational futures broker and bond dealer, and served in position from 2010 until 2011, when he was fired due to the bankruptcy of the firm. Also, since 2010 he has been a partner at J.C. Flowers & Co, a private equity firm, founded by J. Christopher Flowers, which has also added a substantial amount to his net worth.
Regarding his personal life, Jon was married to Joanne Dougherty from 1969 until 2003; the couple had three children. Since 2010 he has been married with Sharon Elghanayan; the two have been in a relationship since 2004.