what is Jimmy Cayne Net Worth?



James Cayne

Net Worth: $100 Million
Date of Birth: Feb 14, 1934 – Dec 28, 2021 (87 years old)
Gender: Male
Profession: Businessperson
Nationality: United States of America
Jimmy Cayne Net Worth:
$100 Million

What was Jimmy Cayne’s net worth?

Jimmy Cayne was an American businessman who had a net worth of $100 million dollars at the time of his death. He was best known for being the CEO of Bear Stearns at the time of the bank’s collapse in 2008. Jimmy died on December 28, 2021 at the age of 87 after suffering from a stroke.

Early Life

James “Jimmy” Cayne was born on February 14, 1934. Jimmy grew up in Evanston, Illinois. He attended Purdue University but left to join the United States Army.

After serving in the army he got a job as a traveling salesman, selling photocopiers door-to-door. He eventually transitioned into selling commodities like scrap iron and then municipal bonds.

Bear Stearns

Around this time he was also actively playing the card game Bridge at clubs around New York City. One of his opponents was Alan C. Greenberg, the CEO of Bear Stearns. The two became fast friends and Alan soon hired Jimmy to be a stockbroker.

Jimmy quickly rose the corporate ranks at Bear Stearns. In 1985 he was named company President. In 1993 he took over as CEO from Greenberg. He became the Chairman of the Board in 2011.

Jimmy Cayne Net Worth

Financial Rise and Collapse

Thanks to the sky-rocketing rise of Bear Stearns’ stock price, by 2005 Jimmy Cayne’s personal net worth was estimated at $900 million.

At the absolute zenith of Bear Stern’s success, Jimmy’s personal stake in the company was worth more than $1 billion dollars. He was the first chief of a Wall Street bank to have a net worth that exceed $1 billion

He adamantly never sold a share in the company and encouraged other Bear Sterns employees to follow his lead.

Unfortunately, Bear Stearns collapsed in spectacular fashion in the 2007/2008 financial crisis.

While he was away at a bridge convention in 2007, two Bear Stearns hedge funds collapsed. In 2008, once again he was at a bridge competition while Bear Stearns was on the verge of bankruptcy.

Read more at :  https://www.celebritynetworth.com/richest-businessmen/ceos/james-cayne-net-worth/

Email: olafharek3@gmail.com

Subscribe to our magazine

━ more like this

Enhance Your Home with Kitchen Remodeling Contractors in Irvine

At Sparkle Restoration Services, we understand that the kitchen is the heart of every home, and we are here to help you transform it...

How to see Divorce Yoga in Kundli According to Astrology

Nowadays, divorce or separation has become very common among married couples. Nowadays, it takes less time to get a divorce than it does to...

Understanding Mobile Notary Public Fees in California

Welcome to KM's Mobile Notary Service, your trusted partner for all your notary needs in California. If you're wondering about mobile notary public fees...

Navigating the World of Mobile Notary Services in Pasadena, CA

In a fast-paced world where convenience is key, mobile notary services have become a valuable resource for individuals and businesses alike. Whether you're a...

Truck Scale Calibration: Ensuring Accuracy and Compliance

Truck scales play a pivotal role in various industries, from agriculture to logistics. They are essential for accurately measuring the weight of goods, ensuring...


Please enter your comment!
Please enter your name here