Earlier this year, Gary Cohn resigned as the 11th Director of the National Economic Council. Cohn was also a chief economic advisor for President Donald Trump during his time in the administration, heading to Washington D.C. after more than a decade as the president and CEO of Goldman Sachs. Cohn raked in plenty of cash during his time at Golden Sachs, with a reported salary of $22 million per year. He also received a severance package of $285 million when he left to join the Trump administration.
With all of his success in business and his healthy pay, Cohn was one of the richest members of the Trump’s team.
How much is Cohn worth in 2018?
Gary Cohn Net Worth 2018: $252 million – $611 million
There is a large gap in the projections of Cohn’s net worth, with online reports indicating his assets are valued between $252 million and $611 million according to his financial disclosure documents. The wide range is because a large portion of Cohn’s compensation from Goldman Sachs was in the form of dividends, stocks, interest, and bonuses.
About Gary Cohn
Gary Cohn was born August 27, 1960, in Cleveland, Ohio. Cohn is of Jewish descent. His father was an electrician turned real estate developer. While Cohn eventually blossomed into a successful investment banker, he struggled in school at a young age and was diagnosed with dyslexia. That did not slow him down, however, as he went on to graduate from American University’s Kogod School of Business and received a Bachelor of Science in Business Administration. Cohn majored in finance, real estate, and urban development.
Cohn was an options dealer in the New York Mercantile Exchange before being recruited by Goldman Sachs in 1990. He was later promoted to head of the commodities department before being named the head of the Fixed Income, Currency and Commodities division. Two yeras later, Cohn was named the co-head of global securities businesses and in 24 months he became president and co-CEO.
The 57-year-old ultimately left Goldman Sachs to join the Trump administration where he was named the Director of National Economic Council. He was also a main economics advisor to President Trump before resigning from the rule in March 2018. It is believed that Cohn’s resignation came after a disagreement on the president’s proposal to impose import tariffs on steel and aluminum.