Age, Biography and Wiki
Gary Winnick was born on 13 October, 1948 in New York City, New York, U.S., is an American financier (1947–2023). Discover Gary Winnick's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 75 years old?
Popular As |
N/A |
Occupation |
Financier |
Age |
75 years old |
Zodiac Sign |
Libra |
Born |
13 October, 1948 |
Birthday |
13 October |
Birthplace |
New York City, New York, U.S. |
Date of death |
4 November, 2023 |
Died Place |
Los Angeles, California, U.S. |
Nationality |
United States
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We recommend you to check the complete list of Famous People born on 13 October.
He is a member of famous President with the age 75 years old group.
Gary Winnick Height, Weight & Measurements
At 75 years old, Gary Winnick height not available right now. We will update Gary Winnick's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
Physical Status |
Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Who Is Gary Winnick's Wife?
His wife is Karen Winnick
Family |
Parents |
Not Available |
Wife |
Karen Winnick |
Sibling |
Not Available |
Children |
3 |
Gary Winnick Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Gary Winnick worth at the age of 75 years old? Gary Winnick’s income source is mostly from being a successful President. He is from United States. We have estimated Gary Winnick's net worth, money, salary, income, and assets.
Net Worth in 2024 |
$1 Million - $5 Million |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
President |
Gary Winnick Social Network
Instagram |
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Linkedin |
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Twitter |
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Facebook |
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Wikipedia |
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Imdb |
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Timeline
Gary Winnick (October 13, 1947 – November 4, 2023) was an American billionaire businessman, industrialist, and investment banker.
Winnick attended public schools in Long Island and graduated from Roslyn High School in Roslyn, New York, in 1965.
He attended CW Post College, graduating in 1969.
Winnick’s first job in financial services was as a bond salesman with Drexel Burnham Lambert.
In 1978, he joined the staff of Michael Milken at Drexel's high-yield bond operation in California.
Winnick’s work at Drexel provided initial capital and mid-cap financing to new U.S. companies in the fields of telecommunications, healthcare and gaming.
Winnick is also credited with proposing the design of the California unit's X-shaped trading desk in Beverly Hills.
The Winnick Family Foundation is a charitable foundation started by Karen B. Winnick and Gary Winnick in 1983.
He was the chairman and CEO of Winnick & Company, a private equity firm that he originally established as Pacific Capital Group in 1985.
In 1985, Winnick founded a private equity firm.
In 1996, Winnick formed a partnership with the AFL-CIO that was responsible for recovering the Playa Vista development in Los Angeles, a large planned community to be established on the Westside of Los Angeles.
In 1998, Winnick founded Global Crossing, an early global fiber optic network company which by 1999 was valued at $20 billion dollars.
The company owned and managed a network of fiberoptics in more than 50 countries and connections to more than 70 countries in North America, Europe, Latin America and Asia.
In 2000, Winnick and his wife purchased and restored "Casa Encantada", the former Conrad Hilton estate – a 40,000-square-foot, 1930s-era trophy property in the Bel Air neighborhood of Los Angeles.
Winnick died at his home in Bel Air, Los Angeles, on November 4, 2023, at the age of 76.
In May 2000, Gary Winnick received the Simon Wiesenthal Center's Humanitarian Laureate Award.
Winnick received an honorary doctorate from his alma mater, the C.W. Post Campus of Long Island University.
The company filed for bankruptcy in 2002 amid allegations of accounting fraud and other financial irregularities.
Winnick was not charged in relation to the bankruptcy, and he settled a lawsuit related to the case for $55 million without admitting guilt.
Winnick was investigated for insider trading regarding Global Crossing.
It was alleged that he sold large amounts of his Global Crossing stock while having non-public information about the company's financial troubles and impending bankruptcy.
These stock sales attracted scrutiny from regulators and investors, who claimed that he benefited personally while other shareholders suffered significant losses.
Winnick and other executives at the company were accused of providing misleading information to investors.
It was alleged that they downplayed the company's financial problems and painted an overly positive picture of its prospects, which led some investors to make ill-informed decisions.
Winnick and other executives were also criticized for their excessive compensation packages, with CNN Money describing him as an "emperor of greed" for using Global Crossing as his "personal bank account".
Winnick was married to Karen B. Winnick, chairman of the Los Angeles Zoo Commission and author of children's books.
The couple had three children and eight grandchildren.
He founded WCO Spectrum in 2020, which invests in wireless spectrum licenses in the United States.
Winnick was raised in a Jewish family on Long Island, New York.
A son of Blanche and Arnold Winnick, his father owned a restaurant supply business in the greater New York Metropolitan Area.
Winnick’s first business was a snow-removal operation when he was 12 years old, employing other children in his neighborhood to clear local roads and driveways.