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The estimated net worth of Arthur D. Cashin, Jr. is believed to be
$10 Million
Arthur D. Cashin, Jr. in Brief
Arthur D. Cashin, Jr., born on 7 March 1941 in New Jersey, USA, is renowned for his role at UBS Financial Services as the Director of Floor Operations at the New York Stock Exchange. He is also a regular markets commentator on CNBC.
As of mid-2016, sources indicate that Art Cashin has acquired a net worth exceeding $10 million. This wealth has been amassed throughout his 50-year-plus career at the New York Stock Exchange.
Assessing Art Cashin’s Net Worth
Cashin’s upbringing in New Jersey alongside his two siblings led him to attend the Jesuit all-boys Xavier High School in New York City, where he was later inducted into the Xavier High School Hall of Fame in 2010.
His professional journey began in 1959 when he commenced work on Wall Street as an assistant clerk at Thomson & McKinnon. Just five years later, at the age of 23, he was named a partner at P.R. Herzig & Co, making him one of the youngest individuals to become a member of the New York Stock Exchange and marking the beginning of his increasing net worth.
During the 1960s, Cashin contemplated leaving his brokerage career to pursue a singing career. Reportedly, he was part of a folk group that nearly secured a record deal with ABC Paramount Records, but the label ultimately signed Ray Charles instead, leading to the conclusion of Cashin’s singing aspirations.
In 1980, Cashin joined PaineWebber, where he served as their floor operations manager. Following the merger of the company into UBS in 2000, Cashin eventually assumed the role of Director of Floor Operations at the NYSE. His trajectory led him to become one of six Executive Floor Governors, the highest tier at the NYSE. He also became a Member of the Market Performance Committee and various exchange committees, providing valuable insights to global investors and traders. Cashin’s involvement at UBS, which manages assets exceeding $612 billion, has been pivotal in accumulating his remarkable net worth.
In addition to his role as the Director of Floor Operations, Cashin curates a daily market newsletter titled Cashin’s Comments, which is read by over 100,000 individuals daily. He also provides live commentary on CNBC, further contributing to his wealth.
With over 50 years on the floor of the NYSE, Cashin is a figure of Wall Street legend. He is also a member of Mensa, the Bond Club of New York, and the Knights of Malta.
Discussing his personal life, Cashin’s wife, Joan, passed away from cancer in 1998. Reports suggest that he has remained single since then.
Apart from his professional endeavors, Cashin is actively involved in philanthropic initiatives, participating in numerous charity events at the NYSE. He established the Exchange Christmas Dinner Fund in the 1980s to provide meals for underprivileged families during the holidays. He also served as Chairman of the NYSE Fallen Heroes Fund, dedicated to aiding the families of NYC police and firefighters who lost their lives in the line of duty. Following the 9/11 attacks, the fund disbursed over $6 million in assistance.
Net Worth | $10 Million |
Date Of Birth | March 7, 1941 |
Place Of Birth | New Jersey USA |
Profession | Broker, Manager, Director of Floor Operations, UBS Financial Services |
Education | Jesuit all-boys Xavier High School, New York City |
Nationality | American |
Spouse | Joan Cashin (?-1998, her death) |
https://www.facebook.com/wsartcashin | |
IMDB | http://www.imdb.com/name/ |
Nominations | Xavier High School Hall of Fame |
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