Rene Rivkin

Rene Rivkin

American entrepreneur, investor, investment consultant and stockbroker
Date of Birth: 06.06.1944
Country: USA

Biography of Rene Rivkin

Rene Walter Rivkin was an American entrepreneur, investor, investment consultant, and stockbroker. He was born on June 6, 1944, in Shanghai, China, to a Russian-Jewish family. His father, who was originally from Georgia, fled to China in the 1920s to escape the Bolsheviks. Rene attended the Sydney Boys High School in Moore Park, Sydney, following his father's advice, and later studied law at the University of Sydney.

Rene Rivkin

Rivkin quickly excelled in his studies and became the youngest member of the Sydney Stock Exchange. In 1985, he was named Broker of the Year by Business Review Weekly. He gained further recognition for his publication, the "Rivkin Report," where he provided advice on stock trading and market analysis. The Australian media frequently covered Rivkin's life events, emphasizing his entrepreneurial talents and ability to make money. He had connections with leading politicians, businessmen, and media personalities in Australia between 1982 and 1999.

Rene Rivkin

Despite his success, Rivkin faced legal troubles. In April 2003, after a lengthy investigation by the Australian Securities and Investments Commission (ASIC), he was found guilty of insider trading. Rivkin had purchased 50,000 shares of the Australian airline Qantas, knowing about an impending merger with the independent airline Impulse Airlines. This illegal trade earned him only about AUD 2,600. He was sentenced to nine months of periodic detention on weekends but the execution of the sentence was delayed due to an urgent operation to remove a benign brain tumor.

Rene Rivkin

After losing his trading license, Rivkin withdrew from the business world. He also faced severe mental health issues. He moved from his home in Point Piper to live with his elderly mother, where he tragically took his own life on May 1, 2005. His body was cremated on May 6, 2005. Rene left behind his wife and five children.

Rene Rivkin

Following Rivkin's death, a serious economic investigation revealed that he had continued trading despite losing his license, engaging in complex offshore transactions. The Australian Taxation Office (ATO) claims that Rivkin left behind AUD 18 million in unpaid taxes and penalties. In April 2013, ATO ceased its support of Switzerland after a Swiss bank refused to disclose Rivkin's financial information, and Swiss authorities declined to take action against the bank.

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