In 2017, Anthony Scaramucci was offered the post as White House communications director, a job that Sean Spicer was temporarily filling. Anthony Scaramucci has long been a Trump supporter and has promoted him on TV and in interviews. Anthony Scaramucci is a quite rich. He has served as Managing director at the top Wall Street bank and later founded his own capital management company. So how much is Anthony Scaramucci’s net worth?
|Profession:||Former White House Director of Communications|
Anthony Scaramucci grew up as a son of a construction worker, and went to Harvard Law school, after which he went to work at Goldman Sachs in investment banking. In the 90s, he left Goldman to found his own investment firm, Oscar Capital Management.
That company was eventually sold out. Later on, he became managing director at the eventual buyer, Lehman Brothers. Lehman Brothers eventually collapsed, but Anthony Scaramucci got out before the crash and started another investment firm.
The new firm that he started was called Skybridge capital, and has offices in New York, Zurich, and Palm Beach. The size of the fund was over $10 Billion. Anthony Scaramucci sold out Skybridge in order to work with Donald Trump.
On his disclosure form, Scaramucci says that he earned around around $10 million from Skybridge in a year.
While the fund grew, and Anthony Scaramucci became wildly rich, Skybridge had relatively poor returns. In fact, according to Business Insider, Skybridge’s Dividend Value Fund has lagged behind 80% of its peers over the last year. The fund is also more expensive than many of its peers.
The fact that Skybridge has had such poor returns may be one of the reasons why there have been rumors that Anthony Scaramucci was connected to a giant Russian investment fund. There is absolutely no evidence currently that those rumors were true or not.
Much of the value of Skybridge was not in funds, but in the annual SALT conference that they put on, which brings together all of the biggest names in the finance industry under radar.
Anthony Scaramucci is no doubt a very wealthy man. However, his actual net worth is in a lot of dispute. According to Bloomberg, Anthony Scaramucci’s around 50% stake in Skybridge capital was worth around $100 million dollars. Therefore, his proceeds from the sale of Skybridge, along with his prior earnings, would likely put him in the range of a net worth of a quarter billion dollars.
Many people estimates Anthony Scaramucci net worth at between $600 Million and $1.5 billion. We believe that that is grossly overestimated, given the value of Skybridge and Anthony Scaramucci’s previous earnings. It is extremely unlikely that he would be worth over 10% of the size of his fund — especially given that he is a co-founder.
We would estimate that Anthony Scaramucci has accumulated millions of dollars after the sale of Skybridge completes. As of now, Anthony Scaramucci’s net worth in 2021 is approximately $85 Million.
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