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NET WORTH

Garo Armen Net Worth

Garo Armen net worth

What is Garo Armen net worth?

Garo Armen net worth 2021: Garo H. Armen is a Turkish-born American businessman of Armenian descent. He is the co-founder of Agenus, Inc. and the founder of the Children of Armenia Fund (COAF), a non-profit organization that focuses on reducing poverty, through “education, healthcare, community, and economic development”.

Biography

Armen was born on January 31, 1953, in Turkey. He moved to New York City in 1970. According to the New York Times he became a messenger boy for a nonprofit Armenian organization. His second job was in the kitchen of the Lawyers’ Club but it only lasted a day.

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One night in 1978, in the middle of the energy crisis, Armen was driving home when he stopped at a gas station. “I noticed that gas pumps only had two digits [for the per gallon price],” in an interview with The Scientist “Realizing that continued rising prices would force the pumps to be replaced in the near future, I borrowed $5,000 to invest in gas pumps.” Soon enough, virtually every gas pump in America was replaced – and Armen had made $20,000. His interest in business was piqued, and had already paid off.

By 1979, he received his Ph.D. in physical chemistry from the City University of New York. Armen served as Senior Vice President of Research for Dean Witter Reynolds (1986–1989), focusing on the chemical and pharmaceutical industries, and with E.F. Hutton & Company as First Vice President (1981–1986). Before entering finance, Armen had been an associate professor at the Merchant Marine Academy and a research associate at the Brookhaven National Laboratory.

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Armen’s journey into drug development began when his mother died from breast cancer in 1973. The two shared a one-room Brooklyn apartment where Armen administered her morphine shots until she died. In 1994, Armen was approached by Pramod Srivastava, then a biochemist at Mount Sinai School of Medicine, about the possibility of developing Oncophage from a clinical and commercial perspective. The treatment involved removing a patient’s tumor cells, isolating and fortifying the cellular proteins that normally alert the immune system to disease, and re-injecting the proteins into the patient. In 1994, Armen co-founded Antigenics with Srivastava.

Agenus

Armen is chairman and chief executive officer of Agenus Inc., formerly known as Antigenics Inc., a biotechnology company that discovered Oncophage, a personalized cancer vaccine recently approved in Russia for patients with earlier-stage kidney cancer and currently under review with the European Regulatory Agency. 

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By February 2000, Antigenics went public at $18 a share, raising $72.5 million. A few months later the U.S. Food and Drug Administration (FDA) agreed to review the vaccine on an accelerated schedule when the company filed for approval, and Antigenics began recruiting 728 patients with kidney cancer for the phase 3 trial, the largest study conducted in the world.

Ultimately, 118 cancer centers participated in the trial, 63 of them outside the U.S.. The largest group of patients, 172, was treated in Russia. In April 2008, Oncophage was approved by the Russian Ministry of Health, making Russia the first country in the world to approve a personalized cancer vaccine in patients with earlier-stage kidney cancer.

While retaining his position at Antigenics, Armen became chairman of the board of directors for the biopharmaceutical company Élan Corporation plc from mid-2002 through 2004. The company was on the brink of collapse brought down by an accounting scandal that earned it the label of “Europe’s Enron”.

During his tenure, Armen became the architect of the company’s $1 billion restructuring program by strengthening Élan’s finances, refocusing the group on its core clinical development business and returning shareholder value. 

Garo Armen Net Worth

Garo Armen net worth is $15.3 Million. He owns over 100,000 units of Agenus Inc stock worth over $4,326,355 and over the last 17 years he sold AGEN stock worth over $1,007,854.

Net worth$15.3 million
NameGaro H. Armen
Date of birthJanuary 31, 1953
OccupationBusiness Executive
NationalityAmerican

NET WORTH

Rich Lesser Net Worth

Rich Lesser net worth

What is Rich Lesser net worth ?

Rich Lesser net worth: Richard “Rich” Lesser is an American businessman who has served as the CEO of American global management consultancy the Boston Consulting Group (BCG).

Early life and education

Lesser grew up in Pittsburgh, Pennsylvania during the 1970s, a time of economic hardship for the city due to the implosion of the steel industry at the time.

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He holds an MBA from Harvard Business School, where he was a Baker Scholar, and a bachelor’s degree in Chemical Engineering, summa com Laude, from the University of Michigan.

Career

Lesser started his career as a process development engineer and group leader at Procter & Gamble. In 1988, Lesser joined BCG as a consultant. He served as the head of the New York Metro office system from 2000 to 2009, and as BCG’s Chairman for North and South America from 2009 to 2012.

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 He was elected to the firm’s Executive Committee in 2006. Since joining BCG in 1988, Lesser’s client work has focused on strategy, operations, leadership, and large-scale transformation. It is claimed he played a pivotal role in helping BCG become the only global management consulting firm to grow strongly through the 2008 recession.

In May 2012, he was named the successor of Hans-Paul Bürkner as the Global Chief Executive Officer of Boston Consulting Group.

Under his leadership, BCG has continued its strong global growth across all regions an practices, fueled by investments in new offices, digital and analytics, and capabilities to drive innovation and transformation.

 Lesser oversaw the launch of BCG Digital Ventures, a builder and accelerator of digital businesses; BCG Gamma, an analytics and machine-learning team; and BCG TURN, a turnaround, restructuring, and transformation unit and more recently, the Center for Climate Action.

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In October 2018, Lesser began a third three-year term as CEO of Boston Consulting Group

Lesser also serves as chief advisor to the World Economic Forums’s (WEF) Alliance of CEO Climate Leaders, is on the Board of Directors of the Business Roundtable, and is a member of the WEF’s International Business Council.

 He has accelerated BCG’s strong investments in social impact through its many partnerships, including the World Food Programme, Save the Children, and the World Wildlife Fund.

In December 2016, Lesser joined a business forum assembled by then-president-elect Donald Trump to provide strategic and policy advice on economic issues.

Rich Lesser Net Worth

According to Forbes, BCG is worth $8.5 billion. Founded in 1963, BCG (Boston Consulting Group) is a global management-consulting firm. BCG helps corporations and other organizations innovate and achieve sustainable competitive advantage.

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NET WORTH

Andrew Mackenzie Net Worth

Andrew Mackenzie net worth

What is Andrew Mackenzie net worth ?

Net worth$37 million
NameSir Andrew Stewart Mackenzie
Date of birth20 December 1956
Nationality Scottish
OccupationFormer CEO of BHP Billiton

Andrew Mackenzie net worth: Sir Andrew Stewart Mackenzie is a Scottish businessman, and a former CEO of BHP Billiton, the world’s largest mining company. Keep reading to find more information about him here.

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Early life

Andrew Stewart Mackenzie was born in December 1956, grew up in Kirkintilloch, Scotland, and was educated at the University of St Andrews where he graduated with a first class bachelor’s degree in geology in 1977. He went on to study at the University of Bristol where he was awarded a PhD in organic chemistry in 1981.

Career

Mackenzie was a postdoctoral research fellow with the British Geological Society. He was a Humboldt fellow and worked at the Nuclear Research Centre in Jülich, Germany. He published over 50 research papers as a scientist.

In 1983, Mackenzie joined BP’s research division. He worked his way to BP Finance, and then as head of capital markets. After 22 years at BP, he left as group vice-president of petrochemicals.

In April 2004, Mackenzie joined Rio Tinto as chief executive of the industrial minerals division. In June 2007, he served as the chief executive officer, diamonds & minerals.

He served as trustee of a think tank, Demos from 2005 until June 2008.

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Mackenzie was poached from Rio Tinto in 2007 by then CEO of BHP Billiton Marius Kloppers, ahead of a failed takeover bid of Rio Tinto.

Mackenzie became the chief executive of non-ferrous in BHP Billiton in November 2008. He succeeded Marius Kloppers as the CEO of BHP Billiton in May 2013.  In 2014, he was paid $7,123,000 in total compensation.

Australia mining head Mike Henry succeeded Mackenzie as BHP CEO on 1 January 2020.

In March 2021, Mackenzie was tapped to replace Chad Holliday as chairman of Royal Dutch Shell starting May 2021.

Andrew Mackenzie Net Worth

Andrew Mackenzie net worth: He owns shares worth $37 million.

Andrew Mackenzie is one of the world’s most influential applied earth scientists. He made seminal contributions to geochemistry in his early career, especially in relation to the formation of oil. For most of his career he has been a leader in the energy and mining industries working within BP, Rio Tinto and most recently in BHP Billiton.

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He has made major innovations in both technical and business arenas within these companies, and is pre-eminent as an earth scientist in the commercial world. He has recently been appointed CEO of BHP Billiton.

Mackenzie was knighted in the 2020 Birthday Honours for services to business, science, technology and UK/Australia relations.

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NET WORTH

Stephen Schwarzman Net Worth

Stephen Schwarzman Net Worth

What is Stephen Schwarzman Net Worth?

Net worth$28 billion
NameStephen Allen Schwarzman
Date of birthFebruary 14, 1947
NationalityAmerican
OccupationInvestor, Businessman and Philanthropist

Stephen Schwarzman Net Worth 2021: Stephen Allen Schwarzman is an American businessman, investor, and philanthropist. He is the chairman and CEO of The Blackstone Group

Early life and education

Schwarzman was raised in a Jewish family in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman.

Schwarzman attended the Abington School District in suburban Philadelphia and graduated from Abington Senior High School in 1965.  He attended Yale University.

After graduating in 1969, he briefly served in the U.S. Army Reserve before attending Harvard Business School, where he graduated in 1972.

Investment career

Schwarzman’s first job in financial services was with Donaldson, Lufkin & Jenrette, an investment bank that merged with Credit Suisse in 2000. After business school, Schwarzman worked at the investment bank Lehman Brothers, became a managing director at age 31, and then head of global mergers and acquisitions.

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 In 1985, Schwarzman and his boss, Peter Peterson, started The Blackstone Group, which initially focused on mergers and acquisitions.

 Blackstone would branch into business acquisition, real estate, direct lending, alternative assets, and now has some $500 billion in assets under management.

When Blackstone went public in June 2007, it revealed in a securities filing that Schwarzman had earned about $398.3 million in fiscal 2006. He ultimately received $684 million for the part of his Blackstone stake he sold in the IPO, keeping a stake then worth $9.1 billion

Stephen Schwarzman Net Worth

Stephen Schwarzman net worth is $28 billion. Aside being a very successful investor, Schwarzman has been an adjunct professor at the Yale School of Management and was chairman of the board of trustees of the John F. Kennedy Center for the Performing Arts from 2004 to 2010.

In 2019, Schwarzman wrote his first book titled, What It Takes: Lessons in the Pursuit of Excellence, “which draws from his experiences in business, philanthropy and public service.” His book became a New York Times Best Seller.

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He lives in a duplex apartment at 740 Park Avenue previously owned by John D. Rockefeller Jr. Schwarzman purchased the apartment from Saul Steinberg. He spent millions of dollars on both his sixtieth and seventieth birthday parties.

Mr. Schwarzman is an active philanthropist with a history of supporting education, as well as culture and the arts, among other things. In 2020, he signed The Giving Pledge, committing to give the majority of his wealth to philanthropic causes. In both business and philanthropy, Mr. Schwarzman has dedicated himself to tackling big problems with transformative solutions. In June 2019, he donated £150 million to the University of Oxford to help redefine the study of the humanities for the 21st century.

Family

Schwarzman married his first wife Ellen Philips in 1971, a trustee of Northwestern University and the Mount Sinai Medical Center, and they divorced in 1990. They have three children together, including film producer Teddy Schwarzman and writer and podcaster Zibby Owens.

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Schwarzman married his second wife Christine Hearst in 1995, an intellectual property lawyer who grew up on Long Island, New York. She has one child from a previous marriage.

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