Age, Biography and Wiki
Kenneth Pasternak (February 21, 1954) was born on 21 February, 1954 in Manhattan, New York City, is an American financial executive and entrepreneur. Discover Kenneth Pasternak'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 70 years old?
Popular As |
February 21, 1954 |
Occupation |
businessman, real estate developer |
Age |
70 years old |
Zodiac Sign |
Pisces |
Born |
21 February, 1954 |
Birthday |
21 February |
Birthplace |
Manhattan, New York City |
Nationality |
United States
|
We recommend you to check the complete list of Famous People born on 21 February.
He is a member of famous businessman with the age 70 years old group.
Kenneth Pasternak Height, Weight & Measurements
At 70 years old, Kenneth Pasternak height not available right now. We will update Kenneth Pasternak'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 |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
Family |
Parents |
Not Available |
Wife |
Not Available |
Sibling |
Not Available |
Children |
Sara Pasternak, Dan Pasternak, Rachel Pasternak |
Kenneth Pasternak Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Kenneth Pasternak worth at the age of 70 years old? Kenneth Pasternak’s income source is mostly from being a successful businessman. He is from United States. We have estimated Kenneth Pasternak'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 |
businessman |
Kenneth Pasternak Social Network
Timeline
Kenneth D. Pasternak is an American financial executive and entrepreneur.
He is a co-founder along with Walter Raquet of Knight Trading Group, and also served as its chairman and CEO.
Pasternak was born to a Jewish family in Manhattan.
His father was born in Austria and fled the Nazis immigrating first to Israel and then the United States in 1951 after a stint in the British Army.
His mother was born in Belgium to a Polish Jewish family who was hidden from the Nazis by a Catholic institution for six years; her entire family perished in the Holocaust.
His parents met at a resort in the Catskills and settled in nearby Fleischmanns, New York.
His father owned a gas station where he also worked as a mechanic and sold used cars.
Other notable financial services executives on this list included Henry Paulson Jr., the CEO of Goldman Sachs who ranked 70th on the list.
Pasternak received his high school diploma in 1972 from Margaretville Central School and received a B.S. degree in education from The State University of New York at New Paltz in 1977.
He moved to Ridgewood, New Jersey where he renovated a home and then moved to Jersey City, New Jersey which at the time was hotbed of stock trading, an industry that he sought to enter.
Pasternak began his career in 1979 at Spear, Leeds & Kellogg where he started as a librarian.
Pasternak eventually worked his way up to senior vice president, limited partner, and trading room manager.
He worked at Spear, Leeds & Kellogg until 1994.
In 1994, Pasternak co-founded Knight Trading Group along with Walter Raquet, which benefited exponentially from the advent of internet trading.
Knight Trading went public in 1998 with a market capitalization of $7 billion.
Pasternak and Raquet also took the company public in 1998 under the ticker symbol NITE, and its market capitalization exceeded $5 billion.
In 1999, Kenneth Pasternak, was named "Emerging Entrepreneur Of The Year" by Ernst & Young.
In April 2000, Pasternak presented testimony to the US Senate Banking Committee on Competition and Transparency in the Financial Marketplace of the Future.
In May 2001, Pasternak presented testimony to the U.S. Senate Committee on Banking, Housing and Urban Affairs regarding the implementation and future of decentralized markets.
In 2001, Pasternak was ranked 9th on Forbes' financial services executive pay list, and number 51 overall, with a total compensation package of $26,488,000; this included a base salary of $250,000 and a cash bonus of $26,213,000.
Because he owned founders' stock he was compensated primarily in cash, and in terms of cash, he was the highest paid CEO in 2001.
Pasternak served on the board of directors of NASDAQ in 2001–2002 and the NASD board of governors in 2001–2002, and was an early-stage investor in the International Securities Exchange (ISE) in 1999.
In 2001, Kenneth Pasternak retired as CEO of Knight Trading Group.
As described in Edgar Perez’s book, Knightmare on Wall Street: The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, Pasternak claimed he didn’t expect to be CEO of a big company.
“I was already looking for an opportunity to retire.
I always saw myself as a business builder.
I had some health issues.
I had diabetes and weighed 325 pounds.”
After retiring from Knight Trading Group, seeing a credit bubble, Pasternak founded Chestnut Ridge Capital, LLC, a northern New Jersey-based hedge fund, which also serves as the investing arm of the Pasternak family office.
Pasternak served as the company's chief executive officer from its founding in 1995 until he retired on January 21, 2002.
Pasternak also served on the company's board of directors from 1998 until January 31, 2002.
Under his leadership, Knight became the leading wholesale market maker in the United States securities markets.
In 2008, seeing that there was opportunity to purchase distressed real estate at a discount, Pasternak founded the real estate investment firm KABR Real Estate Investment Partners LLC.
The firm was started with partner Adam Altman where Pasternak serves as CEO and Chairman.
KABR Group is dedicated to the purchase of select real-estate assets in the Metro NYC and Greater Jacksonville areas.
KABR I was the first marketed product to come out of Chestnut Ridge Capital LLC, and was succeeded by later funds - KABR II through KABR V. Ken Pasternak owns a significant portion of both the General Partner ("GP") and Limited Partner ("LP") portions of each of the KABR Funds.
The combined Fair Market Value (FMV) of KABR Funds II - V and other GP managed assets is approximately $1 billion as of 2/18/22.
On June 1, 2009, KABR closed a deal to purchase 85 Challenger Road - a 235000 sqft office building in Ridgefield Park, NJ.
The Class-A office building sits adjacent to the NJ Turnpike and was formerly occupied by the Daewoo Corporation.
KABR purchased the building from AIG for "...the right price" according to Pasternak - though the purchase price was undisclosed at the time - it was later reported to be approximately $10.5mm.