Stephen Feinberg

About Stephen Feinberg

Who is it?: Co-founder and CEO, Cerberus Capital Management
Birth Day: March 29, 1960
Birth Place: New York, New York, United States
Birth Sign: Aries
President: Donald Trump
Preceded by: Shirley Jackson Jami Miscik
Political party: Republican
Spouse(s): Gisella Sanchez
Children: 3 daughters
Education: Princeton University (BA)

Stephen Feinberg Net Worth

Stephen Feinberg was bornon March 29, 1960 in New York, New York, United States, is Co-founder and CEO, Cerberus Capital Management. During his 20-plus-year stint at Cerberus Capital Management, private equity investor Stephen Feinberg has generated some excellent returns -- and some abysmal PR. In 2013, the company attracted attention for its stake in Freedom Group, which manufactured the Bushmaster rifle used in the Sandy Hook massacre. In 2009, Cerberus suffered the bankruptcy of Chrysler Group, which it had bought two years earlier. Feinberg's more recent moves have not been so fraught: Cerberus, which employs former Treasury Secretary John Snow and former Vice President Dan Quayle, oversaw the successful merger of supermarkets Safeway and Albertsons in 2015. In February 2017, it was reported that Feinberg was in talks with the Trump administration to review US intelligence agencies.
Stephen Feinberg is a member of Finance and Investments

💰 Net worth: $1.56 Billion (Updated at 22 June 2018)

2015 $1.3 Billion
2016 $1.1 Billion
2017 $1.2 Billion
2018 $1.59 Billion

Some Stephen Feinberg images

Biography/Timeline

1982

After graduating from college, Feinberg worked as a trader at Drexel Burnham in 1982 and later at Gruntal & Co..

1992

In 1992, at the age of 32, Feinberg co-founded Cerberus Capital Management with william L. Richter. At the time the firm had $10 million under management; its assets under management have since grown to over $30 billion in 2016. In 1999, the firm hired former Vice President Dan Quayle as a Chairman of Cerberus Global Investment. In 2006, the firm hired former United States Secretary of the Treasury John Snow, who serves as a Chairman of Cerberus.

2004

Feinberg reportedly made $50 million in 2004. His lifestyle is less extravagant than his peers in private equity. He splits time between his homes on Manhattan's Upper East Side and Greenwich, Connecticut with his wife Gisela (née Sanchez).

2007

Feinberg has been described as "secretive" in The New York Times. In 2007, Feinberg told Cerberus shareholders, "If anyone at Cerberus has his picture in the paper and a picture of his apartment, we will do more than fire that person. We will kill him. The jail sentence will be worth it."

2011

Feinberg has been critical about the pay received by private equity executives, stating, "In general, I think that all of us are way overpaid in this Business. It is almost embarrassing." He has also noted in comments made in 2011 that smaller private equity fund sizes may be better for investor returns: "If your goal is to maximize your return as opposed to assets under management, I think you can be most effective with a big company infrastructure and a little bit smaller fund size."

2016

Feinberg is a major Republican donor. In 2016, he served on the Trump Economic Advisory Council during Donald Trump's presidential campaign, donated nearly $1.5 million to pro-Trump PACs, and co-hosted a $50,000 per person Republican National Committee and Trump fundraising dinner alongside other financiers. In February 2017, the New York Times reported that President Trump will assign Feinberg a role in the White House leading a review of the US intelligence agencies.