Henry Paulson Biography | Who is Henry Paulson?| Henry Paulson
Henry Paulson is an American banker who served as the 74th Secretary of the Treasury. Prior to his role in the Department of the Treasury, Paulson was the chairman and chief executive officer (CEO) of Goldman Sachs.
He is now the chairman of the Paulson Institute, which he founded in 2011 to promote sustainable economic growth and a cleaner environment around the world, with an initial focus on the United States and China.
Henry Paulson Age | How Old is Henry Paulson?
Henry Merritt “Hank” Paulson Jr. is an American banker who served as the 74th Secretary of the Treasury. Prior to his role in the Department of the Treasury, Paulson was the chairman and chief executive officer of Goldman Sachs. Henry Paulson was born on March 28, 1946, in Palm Beach, FL. He is 73 years old as of 2019
Henry Paulson Early career
Paulson was a Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972. He then worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973.
Henry Paulson Height And Weight | How tall is Henry Paulson?
Henry Merritt “Hank” Paulson Jr. is an American banker who served as the 74th Secretary of the Treasury. Prior to his role in the Department of the Treasury, Paulson was the chairman and chief executive officer of Goldman Sachs. Henry Paulson has a height of 6 Feet, 5 inches tall
Henry Paulson Family, Education, Parents, And Early Life
Paulson was born in Palm Beach, Florida, the son of Marianne (née Gallauer) and Henry Merritt Paulson, a wholesale jeweler. He was raised as a Christian Scientist on a farm in Barrington, Illinois.
He has Norwegian, German, and English Canadian ancestry. Paulson attained the rank of Eagle Scout in the Boy Scouts of America and is a recipient of the Distinguished Eagle Scout Award.
A star athlete at Barrington High School, Paulson was a champion wrestler and stand-out football player, graduating in 1964. Paulson received his B.A. in English from Dartmouth College in 1968.
At Dartmouth, he was a member of Sigma Alpha Epsilon and he was an All-Ivy, All-East, and honorable mention All-American as an offensive lineman. Paulson received his Master of Business Administration degree from Harvard Business School in 1970.
He met his wife, Wendy Judge, a Wellesley College graduate, during his senior year. The couple has two adult children, sports-team owner Henry Merritt Paulson III, more commonly known as Merritt Paulson, and journalist Amanda Paulson, also a graduate of Dartmouth.
The Paulsons became grandparents in June 2007. They maintain homes in both Chicago and Barrington Hills (a suburb of Chicago).
Henry Paulson Net Worth And Salary | How Much Worth is Henry Paulson?
Henry Paulson is an American banker who served as the 74th Secretary of the Treasury, Henry Paulson has an estimated net worth of $700 million as of 2019. Henry “Hank” Paulson earned the vast majority of his net worth from his long career at Goldman Sachs, where he eventually rose to Chairman and CEO.
In 2006, Hank left Goldman to become the 74th Secretary of the Treasury under President George W. Bush. Before becoming Treasury Secretary, Paulson was required to sell his entire stake in his former company Goldman Sachs.
This was to ensure he had no conflicts of interest while in office. The upside was that by becoming Treasury Secretary, Paulson was allowed to sell his shares without paying any capital gains taxes. This rule allowed Henry to save an estimated $200-$250 million in taxes.
Henry Paulson Wife, Children, Son| Who is Henry Paulson Married to?
Henry Paulson is an American banker who served as the 74th Secretary of the Treasury. Prior to his role in the Department of the Treasury, Paulson was the chairman and chief executive officer (CEO) of Goldman Sachs.
Henry Paulson is a married man who is to his wife Wendy Judge Paulson, he married his wife in the year 1969. He met his wife, Wendy Judge, a Wellesley College graduate, during his senior year.
The couple has two adult children, sports-team owner Henry Merritt Paulson III, more commonly known as Merritt Paulson, and journalist Amanda Paulson, also a graduate of Dartmouth.
The Paulsons became grandparents in June 2007. They maintain homes in both Chicago and Barrington Hills (a suburb of Chicago).
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Henry Paulson Goldman Sachs
Paulson joined Goldman Sachs in 1974, working in the firm’s Chicago office under James P. Gorter, covering large industrial companies in the Midwest. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest Region and became managing partner of the Chicago office in 1988.
From 1990 to November 1994, he was co-head of Investment Banking, then Chief Operating Officer from December 1994 to June 1998, eventually succeeding Jon Corzine as chief executive.
His compensation package, according to reports, was $37 million in 2005, and $16.4 million projected for 2006. His net worth has been estimated at over $700 million.
Paulson has personally built close relations with China during his career. In July 2008, The Daily Telegraph reported: “Treasury Secretary Hank Paulson has intimate relations with the Chinese elite, dating from his days at Goldman Sachs when he visited the country more than 70 times.”
Before becoming Treasury Secretary, he was required to liquidate all of his stock holdings in Goldman Sachs, valued at over $600 million in 2006, in order to comply with conflict-of-interest regulations.
Because of a tax provision passed under President George H.W. Bush, Paulson was not subject to capital gains tax. This saved him between $36 and $50 million in taxes.
Henry Paulson Career after public service
After leaving his role as Treasury Secretary, Paulson spent a year at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University as a distinguished visiting fellow and a fellow at the university’s Bernard Schwartz Forum on Constructive Capitalism.
His memoir, On the Brink: Inside the Race to Stop the Collapse of the Global Financial System, was published by Hachette Book Group on February 1, 2010.
In September 2015, Paulson was awarded an honorary doctorate of laws and environmental policy by Washington College President and former FDIC Chair Sheila Bair.
In April 2016, he was one of eight former Treasury secretaries who called on the United Kingdom to remain a member of the European Union ahead of the June 2016 Referendum.
In June, Paulson announced his support for the stop Trump movement and endorsed Hillary Clinton for the presidency.
In his op-ed to The Washington Post Paulson wrote, “The GOP, in putting Trump at the top of the ticket, is endorsing a brand of populism rooted in ignorance, prejudice, fear, and isolationism.”
Paulson is a leader of the Climate Leadership Council, along with James A. Baker III and George P. Shultz.
The Paulson Institute
On June 27, 2011, Paulson announced the formation of the Paulson Institute, a non-partisan, independent “think and do tank” dedicated to fostering a US-China relationship that serves to maintain global order in a rapidly evolving world.
Paulson was also named as a senior fellow at the University of Chicago’s Harris School of Public Policy. His five-year appointment took effect on July 1, 2011.
Author
In his best-selling book, On the Brink, Paulson describes his experiences as Treasury Secretary fending off the near-collapse of the U.S. economy during the Great Recession.
His second bestseller, Dealing with China, details his career working with scores of China’s top political and business leaders and witnessing the evolution of China’s state-controlled capitalism. The book was chosen by Facebook founder Mark Zuckerberg for the Mark Zuckerberg book club.