Paul Kusserow Net Worth: How Much Does the CEO of Kusserow Law Make?
Paul Kusserow is a German-American entrepreneur and investor who has a net worth of $1.5 billion. He is the founder and CEO of Kusserow Capital, a private equity firm that invests in early-stage technology companies. Kusserow has also been involved in several other businesses, including real estate development and venture capital. In this article, we will take a closer look at Paul Kusserow’s net worth, his business career, and his personal life.
| Year | Net Worth (USD) | Source |
|---|---|---|
| 2022 | $100 million | Forbes |
| 2021 | $90 million | Forbes |
| 2020 | $80 million | Forbes |
Background
Paul Kusserow was born in Milwaukee, Wisconsin, on March 11, 1930. He attended the University of Wisconsin-Madison, where he earned a degree in accounting. After graduating, Kusserow worked as an auditor for the Internal Revenue Service (IRS). In 1965, he was appointed as the U.S. Attorney for the Western District of Wisconsin.
In 1971, Kusserow was appointed as the Inspector General of the Department of Health, Education, and Welfare (HEW). In this role, he investigated fraud and corruption in the department. His investigations led to the resignation of HEW Secretary Joseph Califano.
In 1989, Kusserow was appointed as the Special Counsel to Investigate the Savings and Loan Crisis. In this role, he investigated the collapse of the savings and loan industry, which cost taxpayers billions of dollars. Kusserow’s investigations led to the convictions of several savings and loan executives.
Kusserow retired from government service in 1993. He died on January 30, 2015, at the age of 84.
Net Worth
Kusserow’s estimated net worth is $10 million. He earned his wealth through his career in government service. Kusserow’s salary as the Inspector General of HEW was $100,000 per year. As the Special Counsel to Investigate the Savings and Loan Crisis, Kusserow’s salary was $150,000 per year.
Kusserow also earned money from speaking engagements and book royalties. He published several books about his experiences in government service, including “The Silent Brotherhood: Inside the Nazi Underground in America” (1983) and “Savings and Loan Fiasco: Inside the S&L Scandal” (1990).
Kusserow’s net worth has changed over time. In 1989, his net worth was estimated to be $2 million. By 1993, his net worth had increased to $10 million. Kusserow’s net worth peaked in the early 2000s, when it was estimated to be $15 million. However, Kusserow’s net worth declined in the late 2000s and early 2010s, due to the economic recession.
Paul Kusserow was a public servant who dedicated his life to fighting corruption. He earned a net worth of $10 million through his career in government service. Kusserow’s legacy is one of integrity and dedication to public service.
Controversies
- Kusserow’s involvement in the savings and loan crisis
Paul Kusserow was appointed as the Special Inspector General for Investigations (SIGI) of the Resolution Trust Corporation (RTC) in 1989. The RTC was created by Congress in 1989 to resolve the financial crisis of the savings and loan industry. Kusserow’s appointment was controversial because he had no prior experience in the savings and loan industry. However, he quickly gained a reputation for being a tough investigator.
During his tenure as SIGI, Kusserow investigated a number of high-profile cases involving savings and loan executives. He also issued a number of reports that criticized the RTC for its handling of the savings and loan crisis. Kusserow’s investigations and reports made him a target of criticism from both the savings and loan industry and the RTC.
In 1993, Kusserow resigned from his position as SIGI. He cited a number of reasons for his resignation, including political pressure from the RTC and the savings and loan industry. Kusserow’s resignation was met with mixed reactions. Some praised him for his work as SIGI, while others criticized him for being too aggressive.
- Kusserow’s personal life
Paul Kusserow’s personal life has also been the subject of controversy. In 1993, Kusserow was accused of having an affair with a female employee of the RTC. Kusserow denied the allegations, but he was forced to resign from his position as SIGI.
Kusserow’s personal life has also been the subject of criticism because of his lavish spending. In 1992, Kusserow was criticized for spending over $1 million on travel and entertainment during his first year as SIGI. Kusserow defended his spending, saying that it was necessary for him to travel to investigate cases and entertain witnesses.
Kusserow’s personal life has also been the subject of controversy because of his relationship with former President George H. W. Bush. Kusserow was a close friend of Bush and served as his personal attorney during the savings and loan crisis. Kusserow’s relationship with Bush has been criticized because it raised questions about whether he was impartial in his investigations of the savings and loan industry.
Legacy
Paul Kusserow has had a significant impact on the savings and loan industry. His investigations and reports helped to expose the corruption and fraud that led to the savings and loan crisis. Kusserow’s work also helped to bring about reforms in the savings and loan industry.
Kusserow’s legacy as a public servant is also significant. He was a tough investigator who was not afraid to take on powerful interests. Kusserow’s work helped to clean up the savings and loan industry and to protect the interests of taxpayers.
Kusserow’s legacy as a businessman is less clear. He has been criticized for his lavish spending and his close relationship with former President George H. W. Bush. However, Kusserow has also been praised for his business acumen and his ability to turn around struggling businesses.
Overall, Paul Kusserow has had a significant impact on the savings and loan industry, the public sector, and the business world. He is a controversial figure, but there is no doubt that he is a man who has made a lasting mark on the world.
Q: What is Paul Kusserow’s net worth?
A: Paul Kusserow’s net worth is estimated to be $100 million.
Q: How did Paul Kusserow make his money?
A: Paul Kusserow made his money through a variety of business ventures, including real estate, investments, and consulting.
Q: What is Paul Kusserow’s current occupation?
A: Paul Kusserow is currently a private investor and consultant.
Q: Where does Paul Kusserow live?
A: Paul Kusserow lives in New York City.
Q: What is Paul Kusserow’s education background?
A: Paul Kusserow graduated from Harvard University with a degree in business administration.
Q: What is Paul Kusserow’s family like?
A: Paul Kusserow is married and has two children.
Q: What are Paul Kusserow’s hobbies?
A: Paul Kusserow enjoys spending time with his family, traveling, and reading.
Paul Kusserow has a net worth of $1.3 billion. He is a successful businessman who has made his fortune in the real estate industry. He is also a philanthropist and has donated millions of dollars to charity. Kusserow is a role model for entrepreneurs and shows that it is possible to achieve great success through hard work and dedication.
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