Jimmy Cayne net worth & biography:
Jimmy Cayne net worth: Jimmy Cayne was born in February 1934. He’s best known for being the former CEO of Bear Stearns. Jimmy grew up in Evanston, Illinois. He first worked as a traveling salesman and sold photocopiers. He became the Chairman of the Board in 2011. In 2008 he also played at a bridge contest while Bear Stearns was on the brink of insolvency. At the summit of Bear Stern’s success, Jimmy’s personal position in the business was worth more than $1 billion dollars. He adamantly never sold a share in the business and supported other Bear Sterns workers to follow his lead. Sadly, after the crash Jimmy sold his position in the business for $61 million. Ouch. He was identified by Time Magazine as among their 25 Individuals to Attribute for the Fiscal Disaster. Cayne was well known as really being a significant cannabis user. Cayne continues to be named by CNBC as among their “Worst American CEOs of All Time”. Jimmy is married and has one daughter and five grandchildren.