David Swensen was the highest-paid employee of Yale University and must have gathered a sound net worth over the years. Let’s find out.
David Swensen, chief investment officer at Yale University who gave a new direction for institutional investing, died from cancer at 67.
Mr. Swensen had been battling cancer for a long time and had undergone years of treatment for it.
In 2012, he had taken a temporary leave from the university to undergo treatment for his cancer before resuming his duties.
His death was confirmed by the president of Yale University, Mr. Peter Salovey, in a heartfelt statement.
Yale endowment’s David Swensen dies https://t.co/UkoEYv2AUJ
— Financial Times (@FT) May 6, 2021
David Swensen Net Worth And Salary
David Swensen’s net worth is estimated at a few million dollars.
He was an investor and endowment fund manager who handled Yale’s endowment assets and investment funds, which totaled $30.3 billion as of 2019.
Similarly, David was the highest-paid employee at Yale. According to Yale Daily News, he earned a salary of $4.2 million in 2015.
Therefore, he must have accumulated a sizable net worth over the years from his job.
However, David’s verified net worth and salary details remain unknown at the moment.
David Swensen Family And Wife: Was He Married?
Late Mr. David Swensen is survived by his second wife, Meghan McMahon, and three children.
His wife, Meghan, is a former Yale tennis coach.
His children’s names and identities have not been disclosed yet.
Speaking of his other family relationships, he was the son of his parents, Richard and Grace Swensen.
His father, Richard, was a dean of the University of Wisconsin and a chemistry professor. On the other hand, his mother was a Lutheran minister.
Likewise, he has five siblings.
David Swensen, the Yale chief investment officer who helped revolutionize how college endowments are managed, dies at 67 https://t.co/s3rhOVCXG3
— Bloomberg (@business) May 6, 2021
David Swensen Age- How Old Is He?
David Swensen was 67 years old at the time of his death.
He was born on January 26 in the year 1954, in River Falls, Wisconsin, United States.
David Swensen Wikipedia Bio
David Swensen received his B.A. and B.S. from the University of Wisconsin-River Falls.
Afterward, he obtained his Ph.D. in economics from Yale University.
Before joining Yale University as an endowment chief, David worked on Wall Street as a senior vice president for six years at Lehman Brothers.
He joined Yale in 1985 as the Yale endowment manager when he was 31 years old.
He remained associated with the university until his death on May 5, 2021.
Furthermore, David is known for developing The Yale Model along with partner Dean Takahashi.
The model, which is also known as the Endowment model, is described in detail in his book, Pioneering Portfolio Management.