- Bernard Baruch was an American financier, stock investor, philanthropist,
- He was also a statesman and political consultant
- Find more facts about him below
| Real name: | Bernard Mannes Baruch | | Born: | 19 August 1870 Comment | | When did Bernard Baruch die? / Died | 20 June 1965 | | How many years did Bernard Baruch live? / Lived | 94 years | | Where was Bernard Baruch born? | Camden, South Carolina, U.S.A. | | Where did Bernard Baruch die? / Deathplace | Manhattan, New York City, U.S.A. | | Nicknames: | Park Bench Statesman | | Zodiac sign: | Leo |
Bernard Baruch Net worth 2024 (estimated)
| | How much is Bernard Baruch worth? | $16,000,000
| | Nationality: | American | | Hair color: | Gray | | Eyes color: | Hazel |
Who was Bernard Baruch? / Facts
- Early life and family - Baruch was born to a Jewish family in Camden, South Carolina.
His parents were Belle and Simon Baruch, a physician.
He was the second of four sons.
- Education - In 1881 the family moved from Camden to New York City, where Bernard and his brothers attended local schools.
He studied at and graduated from the City College of New York.
- Business career - Baruch became a broker and then a partner in A.A. Housman & Company.
With his earnings and commissions, he bought a seat on the New York Stock Exchange.
There he amassed a fortune before the age of 30 by profiting from speculation in different markets.
By 1903 Baruch had his own brokerage firm.
He gained the reputation of "The Lone Wolf of Wall Street" because of his refusal to join any financial house.
By 1910, he had become one of Wall Street's best-known financiers.
- Wall Street crash - He started anticipating a Wall Street crash as early as 1927 and sold stocks short periodically in 1927 and 1928.
He also advised humorist Will Rogers to exit the market before the Black Tuesday crash of October 29, 1929.
- Net worth - By the age of 30, Baruch was a millionaire, with a net worth of $3.2m in 1903.
While the available evidence suggests that his wealth suffered during the Wall Street Crash (though he claimed to have got out early), his net worth was an impressive $16M in 1930 (equivalent to around $227M today).
- Political career - After his success in business, he devoted his time toward advising U.S. Presidents Woodrow Wilson and Franklin D. Roosevelt on economic matters, and became a philanthropist.
- Nickname - During World War II, Baruch earned the nickname “The Park Bench Statesman” because he often sat on a park bench near the White House offering financial advice to politicians.
- Honors - Baruch College of City University of New York was named for him.
The Saratoga Race Course named the Bernard Baruch Handicap in his honor.
He was awarded an honorary Doctor of Laws degree in 1933 by Oglethorpe University.
- Trivia - Winston Churchill and Baruch were personal friends, and Churchill sometimes stayed in Baruch's New York home when visiting the United States.
- Thoroughbred racing - Baruch owned a string of Thoroughbred racehorses and raced under the name "Kershaw Stable".
In 1927 his horse, Happy Argo, won the Carter Handicap.
- Personal life - Baruch married Annie Griffin, an Episcopalian, of New York.
They had three children.
He had lifelong love affair with Clare Boothe Luce.
Bio / wiki sources: Wikipedia, accounts on social media, content from our users.
What users say about Bernard Baruch
- Baruch kwame kyei: I want to be rich like you. (May 13, 2022)
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Quotes
The main purpose of the stock market is to make fools of as many men as possible.
If all you have is a hammer, everything looks like a nail.
I made my money by selling too soon.
Vote for the man who promises least; he'll be the least disappointing.
Nobody ever lost money taking a profit.
A political leader must keep looking over his shoulder all the time to see if the boys are still there. If they aren't still there, he's no longer a political leader.
Most of the successful people I've known are the ones who do more listening than talking.
Every man has a right to his opinion, but no man has a right to be wrong in his facts.
Millions saw the apple fall, but Newton was the one who asked why.
Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind.
Bernard Baruch Social Media Accounts
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Wiki & wealth sources: Wikipedia, TMDb, social media accounts, users content, wealth specialized websites
Last update: 10 November 2020
We do our best for being accurate. If something seems incorrect, please contact us! |
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Net worth: $16,000,000
