About John Mack's Wealth - NewsNow Nigeria
John MacKay possesses a fortune of around $100 million.
John MacKay’s Background and Career
John J. Mack, born on November 17, 1944, in Mooresville, North Carolina, USA, is a renowned banker with Lebanese and American roots. He made a name for himself serving as the former Chairman and CEO of Morgan Stanley, a prominent global financial services firm. Presently, Mack holds the position of Senior Advisor at KKR. He has been actively involved in the investment and brokerage industry since 1967.
His estimated net worth is $100 million, primarily amassed from his endeavors at Morgan Stanley.
Early Life and Education
John and his siblings were raised in North Carolina by their parents, Charles Mack and Alice Mack. He pursued a degree in History on a football scholarship at Duke University.
Mack commenced his professional journey at Morgan Stanley as a salesman in 1972, gradually ascending the ranks. He took charge of the Worldwide Taxable Fixed Income Division from 1985 to 1992 and served on the board of directors from 1987. His association with Morgan Stanley continued as he assumed various leadership roles, ultimately becoming the President. However, he parted ways with the company due to conflicts with then-CEO Phil Purcell in 1997.
His career also included a stint at Credit Suisse from 2001 to 2005. In 2005, Mack returned to Morgan Stanley as CEO and Chairman of the Board. During the financial market crisis, concerns arose regarding Morgan Stanley’s independent survival, leading to talks of potential mergers with banks like Wachovia and involvement of other financial institutions. Eventually, Morgan Stanley sealed a deal with the Japanese bank MUFG. Mack retired from the CEO position in early 2010.
Post-retirement, in 2012, he joined Kohlberg Kravis Roberts as a Senior Advisor. He briefly worked with the Russian state-owned oil company Rosneft but left when the US imposed sanctions on the company and its CEO Igor Sechin.
John Mack and his wife Christy are engaged in philanthropy through the Christy and John Foundation, supporting various initiatives at Duke University and other organizations.
He and his wife have three children.
| Net Worth | $100 Million |
| Date Of Birth | November 17, 1944 |
| Place Of Birth | Mooresville, North Carolina USA |
| Profession | Businessman, Senior Advisor, KKR (2012-present), Former CEO & Chairman of the Board at Morgan Stanley |
| Education | Duke University |
| Nationality | American |
| Spouse | Christy Mack (née King) |
| Children | Stephen K. Mack, John C. Mack, Jenna A. Mack |
| Parents | Alice (née Azouri) Mack, Charles Mack |
| IMDB | www.imdb.com/name/nm2527439 |
| Movies | Too Big to Fail by Tony Shalhoub (HBO film), The Last Days of Lehman Brothers (Henry Goodman, BBC film), Bloomberg Game Changers (TV Series documentary, 2010) |
| TV Shows | Dateline NBC (TV Series documentary, 2009), Charlie Rose (TV Series, 2001, 2012) |
Self
| Title | Year | Status | Character |
|---|---|---|---|
| Charlie Rose | 2001-2012 | TV Series | Himself – Guest |
| Bloomberg Game Changers | 2010 | TV Series documentary | Himself – Chairman of the Board, Morgan Stanley |
Archive Footage
Related posts:
ncG1vNJzZmimlazAr7vWp6CgnaKerm%2B6xmiYm6elqXqru8enZKaZk6DAbsPEmqOtoF8%3D