--- title: Lloyd Blankfein Is Retiring From Goldman Sachs. Here's How Much Money He Made There description: Goldman Sachs CEO Lloyd Blankfein, one of America's richest and most visible executives, will retire at the end of 2018 a billionaire. authors: - name: Ian Salisbury role: Senior Editor url: https://money.com/author/ian-salisbury-2/ bio: Ian Salisbury was a senior editor at Money, focusing on investing, banks and mortgage. at_money_since: 2013 articles: 91 covers: - Economy and Politics - Housing - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Retirement - Shopping - Taxes former_staff: true published: '2018-03-09T19:40:46.000Z' modified: '2024-04-17T10:07:02.000Z' section: Business tags: - Billionaires - Careers - CEOs - Goldman Sachs word_count: 341 canonical: https://money.com/lloyd-blankfein-net-worth/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![President Obama Hosts Summit On Working Families](https://img.money.com/2018/03/gettyimages-4511112121.jpg) *Goldman Sachs Chairman and CEO Lloyd Blankfein* Long-time Goldman Sachs CEO Lloyd Blankfein, one of America's richest and most visible corporate executives, plans to step down as soon as the end of this year, [according to *The Wall Street Journal*](https://www.wsj.com/articles/lloyd-blankfein-prepares-to-exit-goldman-sachs-as-soon-as-years-end-1520613681). Blankfein will retire as a billionaire—a title he first achieved in 2015, [according to the financial company Bloomberg](https://www.bloomberg.com/news/articles/2015-07-17/blankfein-becomes-billionaire-riding-goldman-s-shares-to-riches). That's a rare level of wealth even among extravagantly paid bank CEOs. While big-time executives can make tens of millions of dollars a year, their average job tenure is less than ten years. Rankings of billionaires are [typically filled with entrepreneurs](https://www.forbes.com/sites/chasewithorn/2016/03/07/how-billionaires-get-rich-which-industries-make-the-most-mega-fortunes/#da5912b45e16) rather than corporate managers. The difference for Blankfein, who has led Goldman Sachs since 2006, is his accumulation of Goldman stock. Blankfein was paid $20.2 million in 2016 and $22.5 million in 2015, according to the latest available figures from Morningstar. However, during his 36-year career at the investment bank—a period which [included Goldman's 1999 transformation](http://www.businessinsider.com/goldman-sachs-best-paid-partners-at-time-of-ipo-2011-5#lloyd-blankfein-owned-09-worth-about-1485-million-1) from an old-style partnership into a public company—[Blankfein managed to acquire](https://finance.yahoo.com/quote/gs/holders?ltr=1) 1.24 million shares of the company's stock. With Goldman shares trading at roughly $270, his stake in the bank alone is worth roughly $330 million. Goldman's shares have climbed roughly 40% since 2015, when Bloomberg announced Blankfein's wealth had topped $1 billion, so his net worth could be significantly higher today. ***Read more:*** [The 10 Richest People in America](https://money.com/the-10-richest-people-in-america/) Blankfein's massive wealth and [Goldman's role in the economy](https://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405) have made him a sometimes controversial figure. But [at age 63 and a cancer survivor](http://fortune.com/2015/09/22/goldman-blankfein-cancer/), Blankfein will retire a self-made man. [He was raised in public housing](http://fortune.com/2011/04/21/where-blankfein-came-from/) in the East New York section of Brooklyn by a postal worker father and receptionist mother. Blankfein attended Harvard with the help of a scholarship and a cafeteria work-study job. While known for a low-key personal style—he is one of the few Wall Street executives [to sport a beard](http://nymag.com/daily/intelligencer/2013/01/five-notes-on-lloyd-blankfeins-new-beard.html)—Blankfein is not above indulging extravagant real estate. Blankfein, and his wife Laura, paid nearly [$26 million](http://www.businessinsider.com/15-central-park-west-residents-2016-1#goldman-sachs-ceo-lloyd-blankfein-was-also-an-early-buyer-he-paid-257-million-in-cash-for-his-corner-duplex-back-in-2006-7) for a corner apartment in a Central Park West tower in 2006, and [more than $32 million](http://www.dailymail.co.uk/news/article-2244185/Inside-Goldman-Sachs-CEO-Lloyd-Blankfeins-32-5-million-Hamptons-estate.html) for a Bridgehampton summer home in 2012. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/lloyd-blankfein-net-worth/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Business", "item": "https://money.com/business/" }, { "@type": "ListItem", "position": 3, "name": "Asset Management", "item": "https://money.com/asset-management/" }, { "@type": "ListItem", "position": 4, "name": "Lloyd Blankfein Is Retiring From Goldman Sachs. Here's How Much Money He Made There" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/lloyd-blankfein-net-worth/#webpage", "url": "https://money.com/lloyd-blankfein-net-worth/", "name": "Lloyd Blankfein Is Retiring From Goldman Sachs. Here's How Much Money He Made There", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2018-03-09T19:40:46.000Z", "mainEntity": { "@id": "https://money.com/lloyd-blankfein-net-worth/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/lloyd-blankfein-net-worth/#breadcrumb" }, "dateModified": "2024-04-17T10:07:02.000Z" }, { "@type": "Article", "headline": "Lloyd Blankfein Is Retiring From Goldman Sachs. Here's How Much Money He Made There", "articleSection": "Business", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2018/03/gettyimages-4511112121.jpg", "width": 3000, "height": 2000, "caption": "President Obama Hosts Summit On Working Families" } ], "author": [ { "@type": "Person", "name": "Ian Salisbury", "url": "https://money.com/author/ian-salisbury-2/", "@id": "https://money.com/author/ian-salisbury-2/#author", "description": "Ian Salisbury was a senior editor at Money, focusing on investing, banks and mortgage.", "image": "https://img.money.com/2014/06/Ian-Salisbury.png?w=226&h=247&crop=1" } ], "publisher": "https://money.com/#organization", "datePublished": "2018-03-09T19:40:46.000Z", "description": "Goldman Sachs CEO Lloyd Blankfein, one of America's richest and most visible executives, will retire at the end of 2018 a billionaire.", "abstract": "Goldman Sachs CEO Lloyd Blankfein, one of America's richest and most visible executives, will retire at the end of 2018 a billionaire.", "@id": "https://money.com/lloyd-blankfein-net-worth/", "inLanguage": "en-US", "dateModified": "2024-04-17T10:07:02.000Z", "wordCount": 341, "keywords": [ "Billionaires", "Careers", "CEOs", "Goldman Sachs" ], "about": [ { "@type": "Thing", "name": "Business", "sameAs": [ "https://en.wikipedia.org/wiki/Business" ] }, { "@type": "Thing", "name": "Asset management", "sameAs": [ "https://en.wikipedia.org/wiki/Asset_management" ] } ] } ] } ```