Age, Biography and Wiki
Michel David-Weill was born on 23 November, 1932 in Paris, France, is a French-American banker (1932–2022). Discover Michel David-Weill'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 89 years old?
Popular As |
N/A |
Occupation |
Banker |
Age |
89 years old |
Zodiac Sign |
Sagittarius |
Born |
23 November, 1932 |
Birthday |
23 November |
Birthplace |
Paris, France |
Date of death |
16 June, 2022 |
Died Place |
New York City, U.S. |
Nationality |
France
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We recommend you to check the complete list of Famous People born on 23 November.
He is a member of famous Chairman with the age 89 years old group.
Michel David-Weill Height, Weight & Measurements
At 89 years old, Michel David-Weill height not available right now. We will update Michel David-Weill'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 Michel David-Weill's Wife?
His wife is Hélène Marie Lehideux
Family |
Parents |
Berthe Haardt David-Weill Pierre David-Weill |
Wife |
Hélène Marie Lehideux |
Sibling |
Not Available |
Children |
4 |
Michel David-Weill Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Michel David-Weill worth at the age of 89 years old? Michel David-Weill’s income source is mostly from being a successful Chairman. He is from France. We have estimated Michel David-Weill'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 |
Chairman |
Michel David-Weill Social Network
Instagram |
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Facebook |
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Wikipedia |
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Imdb |
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Timeline
His father, Pierre David-Weill (1900–1975), was the chairman of Lazard Frères; his mother was Berthe Haardt.
His great-grandfather, Alexandre Weill, worked at Lazard Frères, a firm co-founded by his cousins, Alexandre, Elie, and Simon Lazard.
In 1900, his grandfather, David David-Weill, was named a partner.
In 1927, his father became a partner.
Aged 8, at the dawn of the World War II he fled Paris with his mother and sister to save themselves from Nazis.
Separated from his father, who was in New York City during World War II, David-Weill remained behind with his mother in occupied France.
Michel David-Weill (November 23, 1932 – June 16, 2022) was a French investment banker and chairman of Lazard and Eurazeo.
Michel David-Weill was born into a Jewish family on November 23, 1932.
In 1956, David-Weill joined Lazard Freres, and, in 1961, became a partner.
Under the stewardship of chairman André Meyer, Felix Rohatyn, who handled acquisitions, and he himself, who was the bookkeeper, Lazard grew rapidly.
In 1956, David-Weill married Hélène Marie Lehideux, daughter of Robert Lehideux.
They had four children: Béatrice, married first to Bertrand de Villeneuve Bargemont and then to Édouard Stern; Cécile, married to Emmanuel Renom de La Baume; and Nathalie, married to Olivier Merveilleux du Vignaux and Agathe David-Weill.
(See the entry in French Wikipedia, Famille David-Weill.)
He continued to work closely with managing director, Felix Rohatyn, who was also made senior partner at Lazard in 1961.
Also, by the power provided in clause 4.1 of the Lazard partnership agreement, he alone had the power to set compensations and the right to fire any partners at his discretion.
Under David-Weill's direction, Lazard began to expand its business from traditional merger and acquisition advising to areas such as asset management and municipal bond.
During the last year of Nazi occupation, at age 11, he lived with his mother and younger sister in the French village of Béduer (Lot, southwestern France), where they were baptized and raised as Roman Catholics (his father Pierre would later convert to Catholicism in 1965).
Then he went to reunite with his father in New York City where he studied at the Lycée Français de New York with other war refugees such as Baron Pierre de Gunzburg.
After World War II was over, he stayed in the United States to live in New York City with his family.
David-Weill was also educated at the Sciences Po Paris.
David-Weill started his public life by serving in French military.
Lazard's profits also jumped from $5 million in the late 1970s to $500 million in the late 1990s.
David-Weill also reunited the three branches of Lazard by combining his stakes in Lazard New York and Paris, and a buyout of Pearson for its stake in Lazard London for more than $600 million.
In 1975, his father died and he inherited his equity stake in Lazard, becoming the largest stakeholder in both Lazard New York and Lazard Paris, while also holding stakes in Lazard London.
In 1977, when Meyer became sick and Rohatyn turned down an offer to replace him, David-Weill was named chairman.
At the end of the 1990s, after the departures of Felix Rohatyn to become the U.S. Ambassador to France, Kendrick Wilson III for Goldman Sachs, Gerald Rosenfeld for Rothschild & Co.
and other prominent dealmakers of the firm such as J. Ira Harris and Steven Rattner.
Lazard under the leadership of David-Weill was put under pressure.
To strengthen Lazard, David-Weill offered Rohatyn the opportunity to return to Lazard in 2001 after his Ambassadorship ended.
Rohatyn became Senior Advisor to Lazard and simultaneously created his own firm Rohatyn Associates to generate deals for Lazard.
Rohatyn left when Wasserstein was appointed and went on to join Morgan Stanley, Rothschild & Co., and finally Lehman Brothers.
Wasserstein recruited a number of bankers.
Later Wasserstein wanted to take Lazard Asset Management public to finance the numerous hires in banking.
Then Wasserstein decided to take the whole Lazard public against the wishes of the family patriarch.
David-Weill later stated that he regretted ever having hired Wasserstein.
David-Weill remained Chairman of Lazard until 2005.
David-Weill left Lazard to concentrate on his holdings and other business, the famous investment vehicle Eurazeo.
David-Weill was a director of Groupe Danone, one of the world's largest food-product companies.