A Look at Jim Lebenthal’s Net Worth
Founder of Lebenthal & Co., a New York-based investment firm, Jim Lebenthal is a prominent figure on the financial news circuit. As a longtime investor in a variety of sectors, including healthcare, technology and pharmaceuticals, he has an impressive net worth. However, the public doesn’t know much about his background.
CNBC celebrity investor
Whether it’s being a prominent host on CNBC or an asset manager with Cerity Partners, Jim Lebenthal is a figure worth watching. He’s a financial backer who contributes to the public’s awareness of investment and is a big name in speculation.
Jim Lebenthal is the chief equity strategist at Cerity Partners, a New York-based investment management firm. He’s been advising clients on their investment portfolios for over 25 years. He has an impressive career that includes work at Goldman Sachs, Levy Harkins and Levy & Co. He’s also been a regular contributor to CNBC.
Jim Lebenthal’s daughter, Alexandra, is a third generation leader of the firm, and inherited her father’s passion for family business. She’s also an extraordinary networker, whose pet hobby is managing guest lists for New York charity galas.
Lifethal is also a member of Kappa Beta Phi, a prestigious financial organization that dates back to the 1929 crash. For decades, it was an all-male organization. However, a few years ago, Lebenthal became the first woman to run Kappa Beta Phi.
Life in the society pages
Among the Wall Street cognoscenti, Jim Lebenthal is not your average bond salesman. In fact, he was a Walt Disney film maker before he joined his parents’ firm. Although he’s spent his life on the road, he still has the manic energy of a teenager.
He’s also not your average banker. The MIT research gurus at Columbia University tell us that he’s the first non-male in his class to earn a degree in economics, let alone one that’s related to finance. In fact, he’s the only one in his class to ever make it through the doors of a Wall Street bank.
Although he’s no Wall Street savant, he’s a jack of all trades. Aside from his bond salesman duties, he also manages the guest lists for charity galas in the big apple. He’s been known to wear couture to such events, and to say he’s lucky would be an understatement. He’s also an enthusiast of the city of New York. He’s involved in various cultural institutions like the American Museum of Natural History and The Business Council of the Metropolitan Museum of Art.
During the Squawk on the Street gang’s latest outing, the CNBC crew put together a video that was a little more than a clickable link on the website. The video amounted to the same old, same old, with a twist.
The CNBC team did have a few interesting nuggets to share with their viewers, and the best of them are a matter of opinion. On the subject of the aforementioned video, Jim Lebenthal’s IPO enthusiasm notwithstanding, it was a bit of a damper. Specifically, he pointed to the SPLS in his portfolio. The other interesting IPOs mentioned included TSO, DD-DOW and AAPL. He did not have the same reaction to BABA, CELG and KMX, but he did mention the names of BABA and KMX in the context of rails and cheap oil.
Despite the lack of IPO enthusiasm, the CNBC crew had their fingers on the pulse. The most important takeaway from this program was that there are still plenty of great companies to buy and sell, and if you look hard enough, you can find a bargain. On a more serious note, the Squawk on the Street aficionado also had an opinion about the merits of an IPO ETF.
Founder of Lebenthal & Co.
Previously, Alexandra served as the President and Chief Executive Officer of Lebenthal & Co., a broker dealer based in New York City. She also serves as the Treasurer of the Securities Industry and Financial Markets Association (SIFMA). She is the director of Broadridge Financial Solutions Inc. and serves on the board of the School of American Ballet.
In addition, she serves on the Citizens Budget Commission. She is also the treasurer of the Care Investment Trust, and is a member of the Board of Trustees at the School of American Ballet. She received her AB degree in history from Princeton University and serves on the board of several leading cultural institutions in New York. In 2010, she became the independent director of the Care Investment Trust. She is also a member of the board of directors of the Municipal Bond Investors Association (MBIA), a nonprofit, non-partisan organization dedicated to the education and awareness of investors about municipal bonds.