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What did Phil Murphy do at Goldman Sachs?

About Phil Murphy

Born on August 16, 1957, Philip Dunton Murphy is an American Financier, diplomat, and politician. Murphy also served as the 56th Governor of New Jersey. Under the leadership of the former US president Barack Obama, Murphy also served as the United States Ambassador to Germany.

With his wife Tammy Murphy, he also started an organization called New Start New Jersey to make his political appearance visible. During his early life, he lived in a middle-class Irish American family. He told the media how his father was a high school dropout who took just any job he could and lived a paycheck to paycheck life. Murphy’s mother paid more heed to the importance of education; it was then that Philip and his other siblings gained college degrees. Murphy is highly knowledgeable with his Harward University’s AB degree in Economics. He also did an MBA from the University of Pennsylvania’s Wharton School in the year 1983.

Phil Murphy at Goldman Sachs

Goldman Sachs, a multi-national American bank that also offers financial services, had a 23-year long career. Starting as an intern in 1982 to finally becoming a senior director, Murphy held many high positions. 

He was the head of the firm’s Frankfurt office from 1993 to 1997. Murphy was then made the President of Goldman Sachs (Asia) in 1997.

After moving to many other higher positions in the firm, like becoming global co-head of Investment Management Division in 2001, Murphy finally retired in 2005-2006. 

Wealth and belongings

During his Goldman Sachs days, he gained almost above $50 million. It was reported that his net worth was several hundred million after he left this firm.

With his increasing wealth, Murphy owns land in Berlin and Italy too. It is reported that Murphy and his family are living in an estate worth a $200,000 annual property tax bill. He earned a significant sum of money and spent this money on a fair tax range of 32% to 39%. His spending for charity purposes was reported to be $980,000 annually since 2014.

In 2016, New Start New Jersey, Murphy’s organization, filed a petition criticizing Christie for his ignorance towards his duties of Governor due to travel for Donald Trump’s support for US presidential elections.

Murphy himself supported Hillary Clinton of the Democratic Party during the 2016 elections for the US president by raising funds for her.

Personal Life

Despite his fantastic career and academic front, his personal life was not as smooth. Tammy Snyder, too was an employee at Goldman Sachs, where they both first met. Phil shied away from asking Tammy out for 17 years, but they got married within six months once he did. 

Also read:

What is Phil Murphy’s Net Worth?

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David Lopes
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