Raymond McGuire’s net worth is estimated to be $ 20 to $ 100 million. He did not disclose his net worth and salary. He has a very simple personality and never likes to impress the public by publicizing his wealth.
Who is Raymond McGuire?
Raymond McGuire, who became chief executive officer of Citigroup Corporate and Investment Banking in 2005, is considered one of the most talented Americans in the highly competitive industry. Before moving to Citigroup, he held positions at First Boston Corporation, Merrill ■■■■■ & Co, and Morgan Stanley, advising corporate clients on a multi-billion-dollar business merger strategy. McGuire is also known for his work on the boards of non-profit organizations, focusing on education and the arts.
| Name | Raymond McGuire |
|---|---|
| Birthday | January 23, 1957 |
| Age | 64 |
| Gender | Male |
| Nationality | American |
| Profession | Politician, Businessman |
| Net Worth | $20million |
| Married/Single | Married |
| Wife | Crystal McCarry |
| Children | 3 |
| @rayformayor |
Early Life
Unlike many Wall Street professionals trained at an early age to consider wealth management because their families had inherited wealth, McGuire came from a humble background. He wasn’t born with a silver spoon. He had never heard of investment banks before going to college.
He was raised by his mother, a social worker, in city Dayton, Ohio. As a teenager, he worked full-time in the summer. His first job was to make boxes for the clothing stores in Field in Dayton. Later, he worked on construction at a local Air Force base and in a well-organized hospital. Although money was scarce, the family emphasized education.
In high school, McGuire excelled in sports and education, serving as school president and captain of the basketball team. After his junior year, he moved on to Hotchkiss School, a preparatory school in Connecticut, where he was offered a scholarship. The change admitted in the New York Times, author Andrew Ross Sorkin, was a cultural shock. But he did well in his studies and went on to study at Harvard, where he did his BA in 1979.
In 1980, McGuire went to the University of Nice, France, for a Rotary Fellowship. He then returned to Massachusetts for a law degree at Harvard Law School and an MBA at Harvard Business School in 1984.
Family, Parents, and Siblings of Raymond McGuire
Moving forward in his family history, Raymond McGuire belongs to a loving and supportive family. His mother and grandparents raised him. However, the information is very little about his family. Raymond is very secretive when it comes to his details. Therefore, he did not show ownership of his parents at this time. Of course, we have no idea who his parents are and what they do to support themselves.
In the same way, to speak of his siblings, it is not known whether he has brothers or sisters. Having never said anything about siblings, he may or may not be the only child of his parents. In any case, we will make sure we update as soon as we can get official information about it.
Career of Raymond McGuire
McGuire began his financial career in 1982 in First Boston. He was one of the first members of Wasserstein Perella & Co, Inc., and worked at Merrill ■■■■■ & Co, Inc. He spent several years at Morgan Stanley before moving to Citigroup in 2005, where he worked as a co-global head of investment banking.
Before announcing his position as mayor, McGuire was one of Africa’s most prominent and long-time business executives on Wall Street. McGuire was re-elected as president of the New York Federal Reserve Bank, but the job went to John C. Williams.
While working for Citigroup, McGuire has worked as a business advisor for Time Warner Cable split, ConocoPhillips’ acquisition of Burlington Resources, acquisition of Koch Industries in Georgia-Pacific, the sale of Electronic Data Systems to Hewlett-Packard, and others.
An art collector, McGuire is the chairman of the Studio Museum in Harlem. He was the co-founder of President Barack Obama’s campaigns, and he was mentioned as a potential candidate for the US Treasury Department in 2013.
2021 mayoral election
In October 2020, Raymond McGuire announced running for mayor of New York City in 2021. Valerie Jarrett was announced as the co-chair of McGuire’s campaign. McGuire has promised to focus on his campaign for racial tensions between the George Floyd protests and the economic recovery of the COVID-19 epidemic.
Three months after launching his campaign, McGuire had raised $ 5 million in donations from businesses.
In a May 2021 interview with The New York Times, McGuire underestimated the average cost in Brooklyn. Nicole Gelinas, a senior fellow at the Manhattan Institute, said her estimate was “unaware of what was going on in the city.” McGuire finished in seventh place with 2.3% of the vote.
Things to know about Raymond McGuire
After months of speculation, Raymond McGuire, vice-chairman of the central banking company Citigroup, has announced he will step down to prepare for the New York City mayoral race for June 2021. Primary School competition. Here’s what you want to know about the next Michael Bloomberg.
Raymond McGuire is a Wall Street Man
Raymond McGuire, 63, is not just an investment banker; he has a Wall Street centre. He describes himself as “the longest-serving head of investment banking in Wall Street history,” after 15 years as the vice-chairman of Citigroup. Before leaving the bank, he served as chairman of the bank, capital markets, and consultants.
He joined First Boston Corporation after graduating from Harvard Law School, and Harvard Business School in 1984 with J./M.B.A. McGuire joined Wasserstein Perella & Co while leaving First Boston in 1988. He later worked in the merger and acquisition team at Merrill ■■■■■ before becoming general head of M&A at Morgan Stanley. McGuire then joined Citigroup in 2005.
In Citi, he advised the merger of some of the city’s most prominent companies such as AT&T and Time Warner and the acquisition of Pfizer’s Wyeth Pharmaceuticals.
The success of McGuire’s emerging mayor may have diminished because many voters see him as a financial expert. He can get the city out of financial trouble or as an avatar of a banking system that exacerbates economic inequality.
McGuire may be the only candidate for mayor who has spent all his time in the private sector, let alone banking. Other candidates for the presidency include Brooklyn Borough President Eric Adams, a former police captain; New York Administrative Manager Scott Stringer, who has spent almost all of his work in the elected office; and former New School High School Vice President Maya Wiley, a former adviser to Mayor Bill de Blasio.
Raymond McGuire has advocated for racial justice
As one of the top black executives in the predominantly white American financial industry, McGuire has also used his position in recent months to speak to the entire industry on racial justice issues.
He called on company leaders to do more to fight apartheid systematically after George Floyd was assassinated by police in Minnesota this summer, making waves last month by co-sponsoring a report that said racism had cost the US $ 16 trillion economies since 2000. In the report, Citi has promised to spend $ 1 billion over the next three years to close the racial, economic gap.
In addition to Citi, McGuire sits on several non-profit boards that include organizations supporting first college students such as America Needs You, health giants like New York-Presbyterian, and art centres like the Studio Museum in Harlem.
Raymond McGuire was not born with a silver spoon
McGuire grew up in Dayton, Ohio, and was raised with two brothers by his mother, a social worker, with the help of his grandparents. While still in high school, he took on a day laborer in a construction site and a hospital. After years of taking a bus to a private school in Dayton, he was offered a scholarship to transfer to Elite Hotchkiss School, a Connecticut residential school, which set him on the way to Harvard.
McGuire is a part of 1% and lives in San Remo, a luxury partnership in Central Park West. He and his wealthy network of sponsors have the power to drive the mayoral race. McGuire spokesman Lupe Todd-Medina declined to say how much McGuire had raised for his campaign so far but noted he had opted out of a financial plan similar to the city.
Campaigns who choose to enter the public finance system, especially all other current entrants, agree to spend $ 7.3 million on the Democratic primary. But if a potential candidate like McGuire were to raise and use even half of that, the limit for all candidates would be up to 11 million dollars. And if McGuire were to spend 3 times as much as $ 22 million, the spending cap would be lifted.
However, rich friends can only be very helpful in the mayoral race. Even those who do not receive social support are subject to a $ 5,100 donation per capita contribution. However, a candidate like McGuire may benefit from the unlimited spending of business groups. Architect Stephen Ross and his partners in the world of big business have suggested they can raise $ 100 million for their favorite campaign. McGuire may be in a healthy position to woo them.
Raymond McGuire is new to campaigning, but an experienced donor
McGuire has never run for office before and is now high aiming at City Hall, hoping to repeat Bloomberg’s success as the only city manager with no experience in government since the consolidation of five boroughs in 1898.
Records from the New York City Board of Elections suggest that McGuire, a registered Democrat, abstained from voting in the last election, including the 2017 mayor and general. He voted in the 2013 primary committee, but not general. McGuire’s experience in local politics seems limited to that of a political sponsor, almost entirely to Democrats.
Although he has not voted in any of the city elections since 2013, McGuire has donated more than $ 1,000 to the six most recent presidential candidates: Joe Biden, Amy Klobuchar, Kamala Harris, Beto O’Rourke, Kirsten Gillibrand, and Cory Booker.
He also contributed to several New York campaigns in this round, including Representatives Adem Bunkeddek, Antonio Delgado, Greg Meeks, and Hakeem Jeffries who challenged Attorney Yvette Clarke. Some of McGuire’s campaigns may measure up to his lack of direct political experience. New York consultants Todd-Medina and Tyquana Henderson-Rivers work for McGuire.
At the same time, Valerie Jarrett, a former President Barack Obama’s adviser who is currently onboard in Lyft, will take part in his campaign. But McGuire is also pulling out of the political world. Charles Phillips, the former CEO of a software company, will be another chairman, while McGuire’s campaign treasurer is William F. Gorin, corporate finance attorney, and Cleary Gottlieb Steen & Hamilton.
Raymond McGuire is a biker in an athletic family
McGuire is 6, 4 inches tall, captained his high school basketball team, who reportedly lost 28 points in the game and is still shooting around with his son Leo in Central Park. But that is nothing compared to McGuire’s adopted son, Cole Anthony, an astronomer at the University of North Carolina. He is expected to be the first round to be named in the NBA in November. Adopted daughter Ella Anthony is also a basketball player in high school.
McGuire grew up riding bicycles, and Todd-Medina said McGuire still rides both Citi Bikes and his bike. It remains to be seen whether he will encourage bicycle infrastructure expansion, as some transport lawyers would like.
McGuire is married to Crystal McCrary McGuire, a TV producer. The couple is great art enthusiasts, considered the world’s top 200 art collectors by ARTnews. But it’s not just high-tech Todd-Medina called McGuire “fast and furious” who buys his tickets to each installment of the movie series in advance.
Frequently Asked Questions
Following are mentioned some frequently asked questions related to the topic of Raymond McGuire’s net worth.
1. Where does McGuire live?
For security reasons, he did not share his exact location. We will promptly update this information when we find the location and photos of his house.
2. Is Raymond available on any social media platforms?
McGuire is available on Instagram and Twitter for a good number of followers. On Instagram, he goes by the username @rayformayor and has 9755 followers. Similarly, it is followed by more than 8k people and has the same username @RayForMayor.
3. Is Raymond McGuire married? Who is his Wife? Kids
Raymond McGuire is in a happy marriage with his wife, Crystal McCrary. Crystal is a television producer and a novelist. In addition, she is one of the founders of the BET program Leading Women and the author of the novels Gotham Diaries and Homecourt Advantage. However, details about their marriage and their relationship are not available, including their actual wedding date.
In addition, the couple has three children, one of whom was McGuire and Crystal. Also, the other two are adopted children, including Cole Anthony, an NBA player and son of Greg Anthony from Crystal’s previous relationship.
4. How much does he earn from his career?
McGuire began his career a long time ago. As a prominent businessman and politician in the United States, he undoubtedly earns less than a million dollars from his career. As of 2021, according to some online sources, his net worth is about $ 20 million. It’s a fantastic amount. So, without a doubt, he lives a life of luxury with his family.
5. How old is Raymond McGuire?
Raymond McGuire was born on January 23, 1957, in Dayton, Ohio, United States. So, he is 64 years old now. Moreover, speaking of his nationality, he is an American. Similarly, he is of African-American descent. His zodiac sign is Aquarius. Speaking of his educational background, McGuire is well educated. He attended Hotchkiss School in Lakeville, Connecticut, after receiving a scholarship.
6. What do you know about the Personal life of Raymond McGuire?
McGuire’s wife, Crystal McCrary McGuire, is a television producer and novelist. She has three children, one with McGuire and two from a previous marriage. McGuire has two stepchildren, including Cole Anthony, a National Basketball Association (NBA) player for Orlando Magic and the son of Greg Anthony.
7. Who is Ray McGuire’s son?
Anthony is the son of Greg Anthony and Crystal McCrary and the stepson of Raymond McGuire. Greg Anthony was a member of the 1989-90 national team of the UNLV and played for the National Basketball Association (NBA) for 11 seasons.
8. Who is Crystal McCrary McGuire?
Crystal McCrary is an award-winning film, television producer, writer, actor, director, and writer. She is a successful entertainment lawyer and former wife of basketball player and ESPN commentator Greg Anthony.
9. Who is Cole Anthony’s stepfather?
His father is a former UNLV basketball fan who played for many years in the NBA and is now a broadcaster. His stepfather is Raymond McGuire, a former NYC mayoral candidate. And with two siblings setting the course, Cole has many role models in his family.
10. Does Andrew Yang live in New York?
The Yang family lives in a rented apartment in ■■■■’s Kitchen, Manhattan, and owns a home in New Paltz, New York, which they bought in 2015. the focus of the controversy during Yang’s mayoral campaign.
Conclusion
Raymond J. McGuire, born on January 23, 1957, is an American businessman and political activist who worked as an executive at Citigroup. McGuire had failed in the 2021 election in New York City Democratic mayoral primary. He has an estimated net worth of $ 20 million.
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