Ruth Porat net worth, Early Life, Education, Professional Career, Awards, Boards, Personal Life and Political Views

Published Date   11th Aug. 2017, 04:19 am
Ruth Porat net worth, Early Life, Education, Professional Career, Awards, Boards, Personal Life and Political Views
Quick Info
Birth Name:Ruth Porat
Nationality:American
Qualification:Masters of Science degree with specialization in Industrial Relationship and MBA FROM University of Pennsylvania




American financial executive, Ruth Porat net worth accelerated as she took over the prestigious position as Chief Financial Officer of renowned Google subsidiary Alphabet Inc.

Synopsis

Ruth Porat is born a British who later acquired American citizenship and became a valuable member of American financial community. She currently works as the Chief Financial Officer of Alphabet Inc. Before joining Alphabet Inc., Porat has served as CFO and Executive Vice President of Morgan Stanley from 2010 to 2015. Ruth Porat net worth rose as she became a prominent financial executive and one of the world’s most powerful women in financial sector.

Early Life and Education

Ruth Porat was born in the year 1957 in Sale, Greater Manchester, England to a Jewish family. Her parents are Dr. Dan and Frieda Porat. At the very young age, she moved to Cambridge, Massachusetts because her father was a research fellow at the Harvard University, Physics department. Later, the Porat family shifted to Palo Alto, California.

Residing in California, Porat worked at the SALC National Accelerator Laboratory for 26 years. Porat attended Stanford University from where she got her BA degree in Economics and International Relations. In addition, Porat holds Masters of Science degree with specialization in Industrial Relationship from London School of Economics. She also attended Wharton School of the University of Pennsylvania from where she earned her MBA degree.

Professional Career Highlights

In 1987, Ruth Porat net worth increased as she joined Morgan Stanley. However, she later left the company and followed Morgan Stanley President Robert F. Greenhill to Smith Barney. She joined Smith Barney in 1993 until she returned back to Morgan Stanley in 1996.

Porat has served as Vice Chairman of Investment Banking for six years until 2009. Similarly, she has served as Global Head of the Financial Institutions Group from 2006 to 2009. Ruth Porat net worth rose as she became the co-head of Technology Investment Banking. Afterwards, she became the CFO of Morgan Stanley.

Her professional career success highlights her creating the European debt financing saving Amazon from collapse in 2000. It was Porat who led Morgan Stanley advising team to the US Department of Treasury about Fannie Mae and Freddie Mac. In 2011, Ruth Porat net worth grew as she presented to the Bretton Woods Committee in Washington DC on post-crisis reform and financial legislation. She also presented to the World Economic Forum in Davos on “trust” levels within/of the financial sectors in 2013.

Awards and Accomplishments

In 2013, there was a report that President Barack Obama would nominate Porat as the next Deputy Secretary of the Treasury. This report raised Ruth Porat net worth; however, Bloomberg News and The New York Times reported that she withdrew her name. Porat contacted the White House for the purpose because she was committed to improving conditions at Morgan Stanley. As a result, the position went to hen Treasury Secretary-nominee Jack Lew.

McKinsey & Company analyzed Ruth Porat career under the study “How Remarkable Women Lead”. Additionally, Institutional Investor conducted a poll for its “2014 All-America Executive Team”. In the poll, Ruth Porat was voted “Best Financial Institutions CFO”.

Working with Google

There was an announcement that Ruth Porat would join Google as their new CFO in May 2015. Bloomberg Business reported that she made a deal with Google that is worth $70 million by 2016.

Boards and Associations

The career graph and re#cognition of Ruth Porat went high as she got involved in a number of boards. She serves as the vice chair of Board of Trustees of her alma mater Stanford University. Ruth Porat net worth heightened as she became a member of the Board of Directors of Stanford Management Company. Similarly, the international relations major Porat is the Board of Directors of The Council on Foreign Relations. In addition, Porat is among the Board of Trustees of Economic Club of New York and the Bretton Woods Committee. She is also the member of Advisory Council of the Hutchins Center on Fiscal and Monetary Policy, Brookings Institute.

Personal Life and Political Views

Ruth Porat married Paduano & Weintraub partner, Anthony Paduano in 1983, Paduano & Weintraub is a law firm. Porat fought breast cancer and survived it.

Regarding political views, Porat supported Hillary Clinton when she ran presidential election in 2008. Porat even hosted a fundraising at her apartment in New York City.

Salary and Net Worth

The business insider reports that Ruth Porat has the salary of $650,000 in addition to signing bonus of $5 million once. One of the world’s most powerful women in the financial sector, Ruth Porat net worth therefore hiked to million dollars even though the actual figure is unavailable. She has $25 million worth shares of Google and $40 million as biennial stocks.

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