What is his Net worth?
Mike Nierenberg doubles up as the Chairman of the board and the President at the New Residential Investment. He is also at the company’s executive position. Mike Nierenberg owns over 60,000 units of the New Residential Investment stock whose net worth is over 16 million dollars, putting him in the category of the most active insider traders at New Residential Investment. Recently, he bought 60,000 units of the NRZ stock valued at 990,000 dollars. Mike is also reported to have made over four trades of the New Resident Investment stock since 2016. His net worth is estimated at around 16.5 million dollars.
Mike Nierenberg worked for several companies holding a range of leadership positions prior to joining New Residential Investment. He worked for Lehman Brothers for seven years where he pioneered the adjustable rate mortgage business. His hard work and skills earned him an appointment as a director at the company. He, later on, worked at Bear Stearns Company for 14 years. During his time there, Mike Nierenberg was the head of interest rate and foreign exchange trading operation as well as the co-head of mortgage-backed securities trading.
He also worked at JP Morgan where he was the head of Global Securitised products as well as a member of the management committee. In 2008, Mike Nierenberg served as the Managing Director and head of Global Mortgages and Securitised products at the Bank of America Merrill Lynch. He was in charge of all sale and trade activities at the bank.
About Michael Nierenberg: www.corporationwiki.com/p/ia2v9/michael-nierenberg