J. Christopher Flowers Net Worth

J. Christopher Flowers Net Worth

Real Name: J. Christopher Flowers
Date of Birth: 10/27/1957
Place of Birth: California

2019 Net Worth: $1.4 Billion
2018 Earnings: $400 Million

Profession: Investor, Investment Advisor

J. Christopher Flowers Biography

Christopher Flowers was born in California but grew up in Wayland, Massachusetts. He attended Harvard University where he earned a degree in Applied Mathematics. He began his career at Goldman Sachs and was the founder of Goldman’s lucrative financial institutions merger practice during the late 1980’s. Flowers was named partner of Goldman Sachs in 1988.

He retired from the firm in 1998 and became one of the main partners of Ripplewood Holdings. When Ripplewood acquired Long Term Credit Bank of Japan, the company formed Shinsei Bank and Flowers became its director. Flowers still holds this position today. The Initial Public Offering of Shinsei Bank in 2004 earned Flowers an estimated $1 billon, however, much of this profit was later lost.

Flowers founded a private equity advisory and fund management firm in 2001 named J.C. Flowers & Co. This fund management company has gone on to acquire major equity stakes in NIBC Bank, HSH Nordbank, Hypo Real Estate, Enstar Group, Shinsei, and other valuable financial institutions.

Flowers unsuccessfully attempted to acquire Sallie Mae in 2007. He was deeply involved in the financial crisis in the late part of 2008. Bank of America approached Flowers to advise them on their potential acquisition of Lehman Brothers, and in less than 24 hours, AIG approached him for advice on how to avoid financial collapse. Flowers continued to advise Bank of America as it gave up on acquiring Lehman and instead went on to acquire Merrill Lynch.

In September of 2008, Flowers purchased the First National Bank of Cainesville and renamed it Flowers National Bank. Although money ebbs and flows in the investment world, Flowers has remained successful in spite of a few setbacks. He is still one of the largest shareholders at MF Global and has a net worth of $1.4 billion as of the early part of 2014 and, if Chinese investments pay off, it has an expected net worth of $3.6 billion by the end of 2015.

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