Lloyd Blankfein American official and entrepreneur; He currently serves as Chairman and CEO of Goldman Sachs. Date of Birth: 20.09.1954 Country: USA

Biography of Lloyd Blankfein

Lloyd Blankfein is an American civil servant and entrepreneur, currently serving as the Chairman and CEO of Goldman Sachs. Known for his cold-blooded efficiency, Blankfein has made a name for himself in the world of finance. Born in the Bronx, New York City, Blankfein grew up in a Jewish family. His father worked as a clerk for the postal service, while his mother was a secretary. Even as a young boy, Blankfein started working and conducted commercial activities at the Yankee stadium.

After completing his education, Blankfein attended Harvard University, where he earned a Bachelor's degree in 1975. He continued his studies at Harvard and obtained a law degree in 1978. Following his graduation, Blankfein worked for companies such as Proskauer Rose and Donovan, Leisure, Newton & Irvine. In 1981, he joined one of Goldman Sachs' subsidiaries, J. Aron & Co., specializing in commodity trading as a precious metals salesman in the London office.

Blankfein became the Chairman and CEO of Goldman Sachs in 2006. In that year, he received a total compensation of $54.4 million, making him one of the highest-paid executives on Wall Street. This substantial reward reflected his contribution to the bank's overall profitability, which amounted to $9.5 billion. In 2009, Lloyd Blankfein was named Person of the Year by the Financial Times for his ability to maximize profits in a highly competitive and crisis-ridden market.

Blankfein's leadership style and the practices of Goldman Sachs were not without controversy. In 2010, during a testimony before the Committee on the Financial Crisis, Blankfein famously stated that Goldman Sachs does not create products but rather determines the face of the market. Critics accused him of not disclosing certain complex aspects of the bank's transactions to clients, while supporters commended his ability to navigate low-interest rates and weakened competition.

Apart from his professional achievements, Blankfein has been actively involved in politics and philanthropy. He supported the Democratic Party and even identified himself as a Democrat. He donated at least $4,600 to Hillary Clinton's presidential campaign. Employees and family members of Goldman Sachs also contributed nearly a million dollars to Barack Obama's campaign in 2012. Blankfein has also been involved with charitable organizations such as the Asia Society of the Rockefeller family and the Robin Hood Foundation, which fights poverty in New York City.

Lloyd Blankfein is married to Laura Jacobs, and they have two sons and a daughter. They reside in the Upper West Side of New York City and also own homes in Bridgehampton and Sagaponack, New York.