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Martin Zweig Net Worth

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Martin Zweig's Net Worth as of 2024
$600 Million

Martin Edward Zweig was born on the 2nd July 1942, in Cleveland, Ohio USA, and was a businessman, financial analyst and stock investor, probably best recognized for predicting the 1987 market crash, as well as for owning one of the most expensive apartments in the US – atop The Pierre on Fifth Avenue in Manhattan. He was an active member of the business industry from the early 1970s until his death – he passed away in 2013.

So, have you ever wondered how rich Martin Zweig was? According to authoritative sources, it was estimated that Martin counted the total size of his net worth at the impressive amount of $600 million at the time of his death. This sum of money was accumulated through his successful involvement in the business industry.

Martin Zweig Net Worth $600 Million

Martin Zweig spent his childhood in Coral Gables, where he was raised by a single mother, as his father passed away. There, he went to Coral Gables Elementary, after which he attended Ponce de Leon Junior High School. Upon matriculation, he enrolled at the Wharton School of the University of Pennsylvania, from which he graduated with a BSE degree in 1964. Afterwards, he continued his education at the University of Miami, earning his MBA degree in 1967, after which he completed his PhD in finance from Michigan State University in 1969.

Martin began to invest in stocks when he was a teenager, and by the age of 13 had bought his first shares. After earning degrees, Martin invented a marked indicator called the puts/call ratio, reaching enormous success, and which marked the beginning of an increase of his net worth. Subsequently, he was hired to work as an investment newsletter writer by Barron’s Magazine, writing several articles in which he predicted the coming direction of the market.

In 1984, he met stock picker Joe DiMenna, and they together established Zweig-DiMenna Associates, Inc., in which he served in the position of the Chairman. Moreover, he started pursuing his career as an investment adviser on Wall Street, where he conducted exhaustive data studies, and in 1986 founded The Zweig Fund, after which his first book was published, entitled “Martin Zweig’s Winning On Wall Street”. In the following year, he published the book “Martin Zweig’s Winning With New IRAs”, in which he predicted the 1987 market crash. He also founded The Zweig Total Return Fund in 1988; all of these projects added a considerable amount of money to his net worth.

In addition to this, Martin also appeared as a financial analyst in the TV show “Wall $treet Week With Louis Rukeyser”, which was aired on the PBS channel, increasing further his net worth.

Beside that, Martin worked as the professor of finance at both Baruch College and Iona College, which also contributed to his wealth.

When it comes to speak about his personal life, Martin Zweig was married to Barbara Ann Digan from 1998 until his death. He was previously married to Mollie Friedman (1965-1997), with whom he had two sons. In spare time, he enjoyed playing poker and dancing salsa. He passed away three years after a liver transplant, at the age of 70. on the 18th February 2013 in Fisher Island, Florida.

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Businesspersons

Charles Saatchi Net Worth

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Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.

Charles Saatchi Net Worth $100 Million

They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.

To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 –  by Sol LeWitt,  a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.

Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990.  Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.

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Businesspersons

Alexis Ohanian Net Worth

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Alexis Ohanian was born on 24 April 1983 in New York City USA, of Armenian and German heritage. He is perhaps best known as a co-founder of the social news and networking website Reddit. He has also helped in launching the online travel company Hipmunk and created Breadpig, a company which sells “geeky” merchandise and gives a lot of its profit to charities.

So how rich is Alexis Ohanian? Sources estimate his current net worth to be $4 million. Most of his wealth has been accumulated by working on Reddit and Breadpig.

Alexis Ohanian Net Worth $4 Million

Alex Ohanian studied at the University of Virginia and after graduating in 2005 he, together with Aaron Swartz and Steve Huffman created Reddit. The company was bought by Conde Nast Publications, but Ohanian still had great influence as one of the people in Reddit’s Board of Directors. Of course, Alexis’ net worth rose significantly.

Alexis created another company, with the strange name Breadpig in 2007. This company mostly concentrates on selling “geeky” merchandise and has an unusual approach to business, claiming to be an “uncorporation”, which means that they try to use the earned money to support charities and other projects. Alexis decided to leave the Reddit’s team in 2009. A year later Ohanian became an advisor to the Hipmunk website and helped to launch it.

Apart from being known as a businessman leading great internet websites which have built most of his net worth, Ohanian is also known as a social activist. Between 2010 and 2012, the Internet users were threatened by the SOPA (Stop Internet Piracy Act) and PIPA (Protect IP Act). Ohanian was an outspoken activist against these acts and was one of the key people who helped to vote down these bills. After these events, Ohanian was chosen as the first on The Daily Dot’s list of “Most influential activists of 2012”. While these social acts did not necessarily help to directly raise his net worth, they certainly helped to raise Ohanian’s popularity and earned him a lot of fans on the Internet.

In 2013, Ohanian published his first book, entitled “Without Their Permission: How the 21st Century Will Be Made, Not Managed” which made it to #5 on the Hardcover Business best sellers list in the Wall Street Journal. In the same year, Ohanian started his own web series, called “Small Empires with Alexis Ohanian”.

Ohanian has also been a part of two radio podcast shows: NYRD Radio in 2014 and Upvoted which started in 2015, and is strongly related to Reddit as it examines some of the stories found on that website. All of these endeavors have helped to increase Ohanian’s net worth.

In his personal life, Alexis Ohanian is not married yet. During the time-off from his businesses and projects, Alexis speaks at lectures and conferences in various universities, also on some of the most influential companies such as Google, Kraft, Johnson & Johnson and others.

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