Greg Lippmann Biography: Children, Age, Net Worth, Wife, Parents, Siblings, Height

Greg Lippmann is a highly respected American hedge fund manager who gained significant notoriety for his prescient prediction of the subprime mortgage crisis, which led to the global financial crisis of 2008.

Lippmann’s story was prominently featured in Michael Lewis’s bestselling book and subsequent film, The Big Short.

Lippmann began his career at Deutsche Bank, specializing in trading mortgage-backed securities (MBS) and collateralized debt obligations (CDOs).

Profile

• Full Name: Greg Holden Lippmann
• Stage Name: Greg Lippmann
• Born: 1968 or 1969
• Age: 55–56 years old
• Birthplace: United States
• Nationality: American
• Occupation: American bank officer
• Height: Unknown
• Parent: Thomas J. Lippmann and Susan Lippmann
• Siblings: Unknown
• Spouse: Kimberly Lee Duckworth (m. 2002)
• Children: Dahlia Lippmann
• Relationship: Married
• Net Worth: $1 billion

Early Life And Education

Greg Holden Lippmann was born in 1968 or 1969 in the United States. His parents raised him, Susan Lippmann, a business manager at Purchase College, and Thomas J. Lippmann, the retired owner of the DBL Operating Corporation, a real estate investment and management business in New York.

The family was based in Scarsdale, New York. He might have grown up with siblings, but their names are unknown. Lippmann graduated from the University of Pennsylvania in 1991 with a Bachelor of Arts degree in Economics and a minor in English, graduating magna cum laude. His ethnicity is White, and he practiced Christianity as his religion.

Career

Michael Lippmann began his career in the financial industry at Credit Suisse, where he gained valuable experience in trading asset-backed securities (ABS) and mortgage-backed securities (MBS). This expertise would prove crucial later in his career.

In 2000, Lippmann joined Deutsche Bank, eventually becoming the global head of asset-backed securities trading. During his time there, he developed a deep understanding of the subprime mortgage market and recognized its underlying risks.

Lippmann held this position at Deutsche Bank until he left in April 2010, when Pius Sprenger succeeded him. In February 2010, Lippmann announced that he would join a hedge fund started by Fred Brettschneider, formerly the head of global markets at Deutsche Bank.

Lippmann co-founded LibreMax Partners with Brettschneider and was its Chief Investment Officer and Portfolio Manager. More recently, in May 2016, Bloomberg LP reported that Lippmann was working with Promise Financial on a wedding loans business.

Throughout his career, Lippmann has demonstrated strong expertise in complex financial instruments, particularly asset-backed securities and the subprime mortgage market. His experience and insights have allowed him to make strategic career moves, including co-founding his hedge fund, LibreMax Partners.

Social Media

Greg Lippmann does not have any active social media accounts.

Personal Life

Greg Lippmann‘s wife is Dr. Kimberly Lee Duckworth. They were married on December 14, 2002, at the 200 Fifth Club in New York City. Rabbi Stephen A. Klein officiated the ceremony.

Dr. Kimberly Lee Duckworth is the daughter of Ingrid D. Bellemère of Las Vegas and Stephen M. Duckworth of Naples, Florida. Greg Lippmann and Dr. Kimberly Lee Duckworth have a daughter named Dahlia Lippmann.

Net Worth

Greg Lippmann, the former trader at Deutsche Bank, is estimated to have a net worth of around $1 billion.

Lippmann‘s wealth was primarily accumulated through his successful bet against the housing market during the financial crisis of 2007-2008, a trade that was famously portrayed in the book and movie “The Big Short.”