Find out Henry Blodget Net Worth here. Henry McKelvey Blodget is a businessman and banned investor from the United States. He resides in Brooklyn. He was born in the year 1966 and is presently fifty-five years old. Many of you are here to find out how rich the businessman is, and you will get your answers here. We will also be discussing Blodget’s early life and career in this article. So make sure you don’t skip ahead and read it thoroughly.
Blodget is a former equity research analyst. He was also a senior Internet analyst at CIBC Oppenheimer and head of the global Internet research team at Merrill Lynch during the dot-com bubble. After his civil trial conviction, Blodget is now permanently banned from the industry due to the fact that he violated the securities laws. He is also the chief executive officer of Business Insider. Read on to find out Henry Blodget Net Worth.
Early Life and Education
The Upper East Side of Manhattan is where Blodget was born and raised. The boy’s father was a banker. In addition to attending Phillips Exeter Academy, he received a Bachelor of Arts degree in history from Yale University. While he was at the University of Yale, he became a member of The Society of Orpheus and Bacchus. Upon graduating from college, he taught English in Japan, then moved to San Francisco to be a writer while giving tennis lessons to make ends meet. Additionally, he worked as a freelance journalist and proofreader for Harper’s Magazine.
Henry Blodget Net Worth
Henry Blodget Net Worth is a whopping 50 million US Dollars. Lets us look at how he managed to make such a hefty sum of money during his career. Blodget joined Prudential Securities’ corporate finance training program in 1994, and two years later, he moved to Oppenheimer & Co. He made a prediction in October of the year 1998 that the common stock of Amazon, AMZN, which was then trading at $240, would reach $400 within a year. People laughed off that prediction at first because it seemed impossible. But, just three weeks thereafter, Amazon’s stock price surpassed that mark, a gain of 67%. The news was widely reported on.
Blodget accepted a position at Merrill Lynch two months after that incident, and he began regularly appearing on CNBC. Blodget joined Prudential Securities’ corporate finance training program in 1994 and moved to Oppenheimer & Co. in equity research two years later. Merrill Lynch made him a purchase deal in 2001, and he decided to leave. An incident that happened in 2002 took a big hit at Blodget’s bank account. Eliot Spitzer published Merrill Lynch e-mails in 2002 in which Blodget gave contradictory assessments of stocks. A civil securities fraud charge was filed against him by the Securities and Exchange Commission. He paid a $2 million fine and $2 million disgorgements and was permanently banned from the securities industry.
Blodget returned to writing about finance and economics after leaving the financial markets. Cherry Hill Research, a research and consulting firm, appointed him CEO. He has written for Slate, Newsweek International, The New York Times, Fortune, Forbes Online, Business 2.0, Euromoney, New York magazine, and The Financial Times. In 2007, he became well-known as the co-founder, CEO, and editor-in-chief of Business Insider.
At the same time, he also wrote regularly to Seeking Alpha. He provided free copies of all content under the Creative Commons license while CEO and owner of Business Insider. After getting their leads at Business Insider under Blodget, many financial news writers went on to highly visible careers. Business Insider acquired a stake in Jeffrey Bezos in 2014.
Blodget continues to serve as the CEO and editor-in-chief of Business Insider, now a general news website. Slate, Newsweek, and New York magazine continue to publish his articles. Blodget published A Consumer’s Guide to Intelligent Investing: The Wall Street Self-Defense Manual in January 2007. That is all on Henry Blodget Net Worth.