David Swensen has left his net worth to his family since he is no more with us. He was an American investor. Get to know his net worth and salary here.
One of the key figures of the endowment of Yale University, David, has died. The investor passed away at the age of 67.
He was battling cancer for the past 9 years, which ultimately took his life. He has received obituaries from people all around the world.
Swensen was the person who changed the financial structure of the university, growing the university’s endowment from $1 billion in 1985 to over $31 billion in 2020.
David Swensen Net Worth and Salary
David Swensen had a multi-million dollar of net worth.
However, exact figures are yet to surface.
As for his salary, David Swensen earned over $8 million in 2020, including his assets at Yale University. The investor was the highest-paid employee at Yale University for a lot of years.
He had been the chief investment officer since 1985 and helped with the exponential growth of endowment in the university. He died on May 5, 2021.
The passing of David Swensen calls me back to this terrific piece, which captures just how revolutionary and influential he was in the world of investing and higher education. https://t.co/iQ4IwvnT8k
— Jason Kelly (@jasonkellynews) May 6, 2021
David Swensen Obituary and Cause of Death
David Swensen passed away at the age of 67 and has received obituaries from people all around.
As for the cause of death, he died of cancer. The investor was first diagnosed with cancer in 2012. He took a short leave as the CIO of the Yale University during the diagnosis but joined the institution back again after a few months.
And unfortunately, he met his demise due to cancer ultimately.
Yale University’s Chief Investment Officer David Swensen died Wednesday. From 2019, a profile on how he made the school fabulously rich https://t.co/IHBWGOfyqA
— Businessweek (@BW) May 6, 2021
David Swensen Wife and Family
David Swensen had not shared much about his wife and family. He preferred to keep his personal life within himself.
The endowment officer brought many changes to the university’s financial structure after his association in 1985. He divided the funds into private equity and hedge funds.
The method, which was seen as new and unorthodox at a time, provided impressive returns.
May his soul rest in peace.