Greg Lippmann Biography: Children, Age, Net Worth, Wife, Parents, Siblings, Height

Greg Lippmann is a highly respected American hedge fund manager who is famous for his prescient prediction of the subprime mortgage crisis, which led to the 2008 global financial crisis.

Lippmann’s story was featured prominently in Michael Lewis’s bestselling book and subsequent film, The Big Short.

Lippmann began his career at Deutsche Bank, specializing in mortgage-backed securities (MBS) and collateralized debt obligations (CDO).

File

  • Full name: Greg Holden Lippmann
  • Stage name: Greg Lippmann
  • Year of birth: 1968 or 1969
  • Age: 55–56 years old
  • Place of birth: United States
  • Nationality: American
  • Occupation: American banker
  • Height: Unknown
  • Parents: Thomas J. Lippmann and Susan Lippmann
  • Siblings: Unknown
  • Spouse: Kimberly Lee Duckworth (d. 2002)
  • Child: Dahlia Lippmann
  • Relationship: Married
  • Net worth: 1 billion USD

Early life and education

Greg Holden Lippmann was born in 1968 or 1969 in America. He was raised by his parents, Susan Lippmann, director of sales at Purchase College, and Thomas J. Lippmann, retired owner of DBL Operating Corporation, a real estate investment and management business in New York. .

The family is based in Scarsdale, New York. He may have grown up with siblings, but their names are unknown. Lippmann graduated from the University of Pennsylvania in 1991 with a BA in Economics and a major in English, graduating summa cum laude. His ethnicity is white and he follows Christianity as his religion.

Career

Michael Lippmann began his career in the finance industry at Credit Suisse, where he gained valuable experience trading asset-backed securities (ABS) and mortgage-backed securities (MBS). . This expertise would prove important later in his career.

In 2000, Lippmann joined Deutsche Bank, eventually becoming global head of asset-backed securities trading. During his time there, he developed a deep understanding of the subprime mortgage market and recognized its potential risks.

Lippmann held this position at Deutsche Bank until he left in April 2010, when Pius Sprenger succeeded him. In February 2010, Lippmann announced that he would join a hedge fund founded by Fred Brettschneider, formerly head of global markets at Deutsche Bank.

Lippmann co-founded LibreMax Partners with Brettschneider and is Chief Investment Officer and Portfolio Manager. More recently, in May 2016, Bloomberg LP reported that Lippmann was partnering with Promise Financial on its wedding lending business.

Throughout his career, Lippmann has demonstrated extensive expertise in complex financial instruments, particularly asset-backed securities and the subprime mortgage market. His experience and insight have allowed him to make strategic moves in his career, including co-founding his investment fund LibreMax Partners.

Social Media

Greg Lippmann does not have any active social media accounts.

Personal life

Greg Lippmann’s wife is Dr. Kimberly Lee Duckworth. They married on December 14, 2002, at the 200 Club in New York City. Rabbi Stephen A. Klein presided over the ceremony.

Dr. Kimberly Lee Duckworth is the daughter of Ingrid D. Bellemère of Las Vegas and Stephen M. Duckworth of Naples, Florida. Greg Lippmann and Dr. Kimberly Lee Duckworth have a daughter named Dahlia Lippmann.

Net worth

Greg Lippmann, a former trader at Deutsche Bank, is estimated to have a net worth of about $1 billion.

Lippmann’s wealth was largely accumulated through his successful bets on the housing market during the 2007-2008 financial crisis, a trade famously depicted in the book and movie “The Big Short”.

Leave a Comment