Joseph Cassano Net Worth

He was the CEO of AIG Financial Products from 2001 to 2008. Joseph Cassano is an American insurance executive with a net worth of $200 million. Born in March 1955, he graduated from Brooklyn College and worked at Drexel Burnham Lambert before becoming the CEO of AIG Financial Products from 2001 to 2008.
Joseph Cassano is a member of Wall Street

Age, Biography and Wiki

Birth Day March 12, 1955
Birth Place United States
Joseph Cassano age 68 YEARS OLD
Birth Sign Pisces
Net Worth: $200 Million
Gender: Male

💰 Net worth: $200 Million (2024)

Joseph Cassano is a prominent figure on Wall Street in the United States, and his financial success is truly remarkable. With an estimated net worth of a staggering $200 million projected for 2024, Cassano has undoubtedly made a mark in the finance world. As a highly influential individual, he is renowned for his exceptional business acumen and strategic investment decisions. With his impressive wealth, Joseph Cassano has become a symbol of success and serves as an inspiration for aspiring entrepreneurs and investors alike.

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Joseph Cassano Net Worth: Joseph Cassano is an American insurance executive who has a net worth of $200 million. Joseph Cassano was born in March 1955. Cassano graduated from Brooklyn College and worked as Drexel Burnham Lambert. He is considered one of the major players in the financial crisis of the late 2000s. Cassano was described as "Patient zero of the global economic meltdown" by writer Matt Taibbi.

Cassano started working at AIG in 1987 and he served as Chief Financial Officer. He became head of the Transition Development Group in 1994. In 1998 he accepted a proposal by J.P. Morgan to package credit default swaps on Broad Index Secured Trust Offering. He sold CDSs in the hundreds of billions without putting up any collateral. While with AIG Cassano made $315 million including $280 million in cash and $34 in bonuses. As of September 2008 he was still receiving monthly million dollar payments after the taxpayers had to give AIG $85 billion. Regulators were investigations Cassano's dealings. In 2009 he was linked to e-mails that solicited contributions from AIG executives for Senator Chris Dodd's campaign. Cassano resigned from AIG Financial Products in February 2008.