Anthony Scaramucci Net Worth And Role At SkyBridge Capital

What is Anthony Scaramucci Net Worth?

Anthony Scaramucci, also known as “The Mooch,” is an American financier, author, and entrepreneur with a net worth estimated at $90 million.

He gained significant attention for his brief tenure as Donald Trump’s White House Director of Communications, lasting only 11 days in July 2017.

His short stint coined the term “Scaramucci” to describe 11 days.

Anthony Scaramucci Net Worth
Anthony Scaramucci Net Worth

Before his time in the White House, Scaramucci founded and co-managed the investment firm SkyBridge Capital.

He is also an accomplished author, commentator, and speaker, often appearing at events like the World Economic Forum in Switzerland and on CNBC.

Additionally, he serves on the boards of Warrior Gateway and The Brain Tumor Foundation, as well as on the Board of Advisors for Tufts University and the Harvard Law School Leadership Council.

Anthony Scaramucci Early Life

Born on January 6, 1964, in Long Island, New York, Scaramucci grew up in Port Washington in a middle-class family.

He graduated from Tufts University with a B.A. in economics and later earned a J.D. from Harvard Law School, where he crossed paths with future President Barack Obama.

Goldman Sachs

Scaramucci began his career at Goldman Sachs in 1989, initially within the Investment Banking division before moving to the Equities division.

He later became a Vice President in the Private Wealth Management division.

In 1996, he co-founded Oscar Capital Management, which was eventually acquired by Neuberger Berman.

Following Neuberger’s acquisition by Lehman Brothers in 2003, Scaramucci became a managing director in Lehman’s Investment Management division.

Also Read: Jordan Belfort’s Net Worth And Decline From Broker To Bankruptcy

SkyBridge Capital

Anthony Scaramucci founded SkyBridge Capital in 1995, overseeing its growth to over $7 billion in assets under management at its peak.

However, by the end of 2022, the firm faced challenges due to losses on cryptocurrency investments, particularly on the crypto exchange FTX.

This led to a significant decrease in assets under management, with the largest fund reportedly managing just $1.3 billion.

The company experienced a 40% negative return in the previous 12 months, prompting clients to request the return of 60% of the fund’s capital.

By April 2023, assets under management had reportedly risen back up to $2 billion.

In 2009, Scaramucci launched the SkyBridge Alternatives Conference, known as the “SALT” Conference, which became a prominent event in the finance industry.

The conference hosted events globally, with an annual marquee event held in Las Vegas.

Scaramucci received the Ernst & Young Entrepreneur Of The Year Award in 2011.

Additionally, SkyBridge acquired the rights to the TV show Wall Street Week in 2014.

Also Read: Timothy Geithner Net Worth And Role As Former United States Secretary Of The Treasury

Trump White House

Scaramucci’s involvement with the Trump administration began in May 2016 when he joined the Trump Finance Committee after Donald Trump emerged as the frontrunner in the presidential race.

Following Trump’s election victory in November 2016, Scaramucci was named to Trump’s Presidential Transition Team Executive Committee.

He briefly served as the White House Director of Communications for 10 days in July 2017.

SkyBridge Sale

On January 14, 2017, Scaramucci announced an agreement to sell SkyBridge to a Chinese bank, a deal that ultimately fell through due to regulatory issues.

Had the sale been completed, Scaramucci stood to gain a significant sum, estimated between $100 million to $750 million, depending on the final deal price and his personal equity in SkyBridge.

The timing of the potential sale coincided with Scaramucci’s entry into the Trump White House.

However, when he left his position after just 11 days, he lost a major tax benefit known as a “certificate of divestiture.”

This rule allows individuals to sell assets before taking a government job at a favorable tax rate.

Losing this benefit could have cost Scaramucci millions in additional taxes, depending on the proceeds from the SkyBridge sale.

Anthony Scaramucci Net Worth History

Anthony Scaramucci’s net worth has been a subject of estimation and speculation over the years.

In 2010, Celebrity Net Worth initially estimated his net worth at $40 million.

However, this estimate faced a legal challenge when a law firm representing Scaramucci issued a cease and desist letter, claiming the estimate was “materially false” and implying that his actual net worth was significantly lower.

Despite our request for additional information to support their claim, we did not receive a response from them.

Around the same time, a CNBC interview from 2008 surfaced where Scaramucci himself stated that his net worth was $80 million.

Taking a cautious approach, we updated his net worth estimate to $80 million.

In August 2017, Scaramucci’s financial disclosure was leaked to the press, revealing his liquid assets to be worth $85 million.

Additionally, he was reported to have various illiquid assets, including real estate investments and a minority stake in the New York Mets.

The disclosure also indicated three mortgages, with total liabilities ranging from $2.5 million to $7 million.

Anthony Scaramucci Net Worth: NY Mets Investment

In 2012, Anthony, along with a consortium of investors (including comedian Bill Maher), had the chance to acquire 4% stakes in the NY Mets for $20 million each.

Fast forward to 2020, billionaire hedge fund manager Steve Cohen bought the Mets for $2.4 billion.

After accounting for debt, the equity investor share of the sale amounted to approximately $2 billion.

As a result, Anthony’s 4% stake translated to around $80 million.

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