Who Is Scott Minerd Of Guggenheim Investments? Everything About His Family And Net Worth

( Source : businessinsider )

Scott Minerd of Guggenheim told CNBC that Bitcoin could fall much farther, to $8000. His latest assertion about the price of Bitcoin has enraged cryptocurrency investors.

Guggenheim Partners' chief investment officer, Scott Minerd, told MarketWatch recently that the S&P 500 might fall 45 percent from its January peak this summer. 

His latest Bitcoin remark has piqued the interest of global crypto investors, and many are tweeting about him.

Worse, he claims that the tech-heavy Nasdaq could eventually fall 75% from its November 2021 peak as tech companies are repriced for a new era of Fed policies. 

As the S&P 500 approaches bear market territory following a historically dismal start to the year, many investors are asking if there is more decline coming.

Minerd's gloomy outlook is mostly based on the end of the free money period and the so-called "Fed put"—the belief that the Fed will bail out equities in the event of a severe downturn.

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Who Is Scott Minerd? Wikipedia Bio Of Guggenheim CIO

Guggenheim CIO Scott Minerd was born on March 17. 1959 and he's currently 62 years old. The philanthropist is originally from Ohiopyle, Pennsylvania. 

Similarly, he graduated from the University of Pennsylvania with a bachelor's degree in economics. He finished his studies after graduating from the University of Chicago Graduate School of Business. 

Furthermore, he serves on the Investor Advisory Committee on Financial Markets of the Federal Reserve Bank of New York. He advises the President of the New York Fed and top management on current financial markets and how the public and private sectors might better recognize and reduce systemic risks.

Mr. Minerd is also a contributing member of the World Economic Forum and works with the Organization for Economic Cooperation and Development (OECD) on research and analysis of private-sector infrastructure investment (WEF). 

He is a frequent guest and contributor to top financial media sites such as The Wall Street Journal, The Financial Times, Bloomberg, and CNBC, where he gives thoughts on the current financial situation.

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The Guggenheim CIO Scott Minred's Net Worth Is More Than $325 Million

Scott Minerd's net worth is 325 million dollars as of 2021. Minerd makes and spends his millions as Guggenheim Investments' Global Chief Investment Officer. 

Aside from that, he is the firm's founding partner, chairman, and executive member. He is still on the path to being a billionaire, and with his hard work and commitment to his job, he will be one soon.

In the financial sector, he is recognized for his trusted knowledge, and he leads the world in global macroeconomic research. 

Minerd formerly worked in teaching after graduating from college and also worked at Price Waterhouse, where he earned $15,000 per year.

Is Scott Minerd Married? All About His Wife And Family

Scott Minerd is not married and does not appear to have a wife in his family. Meanwhile, he is believed to be single. He is quite discreet about his love life and prefers to maintain things as they are. 

Even after so many years in the limelight, the man's lack of transparency in his relationship is commendable. He has no hobbies other than his profession. 

There are speculations that he is gay and has a male partner. We don't know if this is correct. We cannot report the remark unless he verifies it himself. 

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