Steve Eisman Net Worth

Steve Eisman is a genius businessman, investor, and entrepreneur known for his expertise in finance, debt management, and other aspects of money. He is the CEO of Neuberger Berman, from which he has made millions and millions in income.

He is particularly expert in shorted collateralized debt obligations, also known as CDOs. He was the primary beneficiary of the collapse of the US housing bubble from 2007-2008.

He also gained success by managing many other finance firms in the USA, from which he made significantly more money over the years. He has often been on the news and shows giving valuable advice to young people regarding investing, finances, and how to earn more money.

His reputation, advice, and mostly his process of how to earn money have allowed him to amass many fans from all over the world. So, if you are a fan of the financial expert and want to know more about his earnings, finances, and net worth, let’s begin.

Steve Eisman’s net worth, earnings, and career

According to Forbes, Eisman’s net worth as of 2023 is estimated to be approximately $2 billion. He has amassed such vast wealth mainly from his career as a financial advisor, investor, and entrepreneur, as he has worked for many financial firms mainly due to his reputation.

His career began as an officer in Oppenheimer Holding Inc., where his parents used to work. They also paid his first-year salary since they were the reason he was also getting the job.

Steve Eisman Net Worth (Credit: Instagram)

He started getting a good reputation when he spoke against the CDO the American Government was trying to implement in investments. He started managing FrontPoint Partners LLC, where he managed assets and investments worth $1 billion.

His reputation increased rapidly when he was acknowledged by American financial author Michael Lewis, who gave him credit in his popular book The Big Short: Inside the Doomsday Machine.

The movie was also based on the same book where his name on the film was changed to Mark Baum, but he didn’t do as well as the books. In 2011, Frontpoint Partners were getting investigated for insider trading, amid which many investors started leaving the company, and he was among them.

A year after leaving Frontpoint Partners, he founded his investment firm named Emrys Partners. He invested in the firm with over $23 million in seed capital, but the first year was not what he hoped for as the firm underperformed in the market.

However, a year later, it did bring a return of over 10.8%, considerably more than the previous year’s 3%,. However, it still underperformed in the market, and the fear of dissolution was still looming for the businessman.

A year later, he announced closing the firm despite managing over $180 million in investments. He joined the Neuberger Berman investment group in 2014 with a high reputation, where he became the portfolio manager and managing director for the Eisman group under Neuberger Berman.

His parents were also partners in the investment firm that started managing portfolios of wealthy clients around the USA.

Steve Eisman’s assets, endorsements, and properties

Eisman is a billionaire who became famous after correctly predicting the downfall of the housing crisis in 2007. He has managed numerous investment firms and property worth over a billion dollars, which is a primary source of income.

The financial expert has always told young people to bet on infrastructure rather than tech, which he believes is less secure than people think. Despite being a billionaire, he has not particularly revealed how he spends his money.

He lives in New York City with his partner and is very close to his parents, but he has not revealed if he has purchased any more property.

Although the investor always encourages people to invest in infrastructure, there would be no surprise when he reveals he has an impressive real estate portfolio.

He has also not revealed particularly about his other assets like cars, automobiles, vehicles, etc. It is quite surprising to see that the entrepreneur, who talks mostly about assets, investments, and properties, has not revealed much about his properties and assets.

There is no doubt the billionaire investor owns several expensive sports cars and classic vintage cars, but he has not let the information be leaked to the media.

Although he has not revealed which sector he has invested in, he has encouraged people to invest in infrastructure rather than tech. He has also questioned many investors’ being bullish rather than keeping it safe, which could lead to disappointment in the future.

Steve Eisman’s early life, parents, and relationships

Steve was born on July 8, 1962, in New York City, USA. When he was young, he attended Yeshiva Schools and the University of Pennsylvania. He also went to Harvard Law School, where he graduated with Honors.

His father’s name is Elliot Eisman, and his mother’s is Lillian Eisman. They both worked in the financial firm Oppenheimer Holdings Inc. as a broker. They were also catalysts for him to get his first job in a prominent investment firm.

He has not revealed anything about his siblings, and it is unclear if he had any biological siblings. In the movie, the character Mark Baum, based on the investor, had a sibling who committed suicide, which has made many fans and audiences curious if his brother also committed suicide or not. Still, he has not answered these questions openly.

Regarding his relationships, he is married to Valerie Feigen. The couple tied the knot in 1989 after dating each other for several years. His wife has consistently defended his reputation in the public image, claiming many people on Wall Street think he is rude and obnoxious, which is not valid.

He has even admitted that he forgets about himself sometimes, which makes him rude even if he doesn’t want to. In regards to children, his firstborn son Max died in an unfortunate incident when a caring nurse rolled over him during sleep.

Conclusion

Hence, Eisman is one of the most brilliant minds in the current generation regarding investment, financing, and money. He has made a fortune from the 2008 housing crisis as his net worth was boosted massively by correctly predicting the issue and its consequences.