stephen friedman net worth

She and her late husband have been among the biggest backers of the Republican party; in the 2020 elections they gave $180 million to political action committees and Republican candidates campaigns. Who is Stephen J. Friedman Dating? He died in 2005 in Florida. He's a fellow at Johns Hopkins University's School of Advanced International Studies. At Goldman: President and Co-COO, who founded Goldman Sachs' European M&A business. was born in 1968 and from the United States and she is 51 years old as of 2019. Friedman is involved in several public service activities, including Chairman Emeritus of the Board of Columbia University,[21] Chairman Emeritus of the Executive Committee of the Brookings Institution,[22] and a member of the Council on Foreign Relations. (Podcast). Vanessa Friedman: Bio, Family, Career She was born in the year 1967 as Vanessa Victoria Friedman in New York City, the USA. Ann Friedman (born January 10, 1982) is famous for being journalist. . He also sat on the Board of Trustees at Wharton School, chaired St. Joseph's University's Finance Committee and was an advisory director at the Metropolitan Opera. She is the daughter of Stephen Friedman (father) and Fredrica (mother). He is famous for being a successful Businessman. Initially, Cohn was rumored to be considered as director of the Office of Management and Budget whichis a cabinet-level position that requires Senate confirmation. At Goldman: President and COO, and also headed mortgage desk for a period. Goldman Sachs is a leading global investment banking firm. Marty Friedman net worth: Marty Friedman is an American guitarist who has a . He's the CEO of private equity firm Dune Real Estate Partners. ECB head Mario Draghiworked for Goldman Sachs International as vice-chair and managing director from 2002 to 2005. [16] When Goldman Sachs was converted to a bank holding company in September 2008 the bank then came under the regulatory authority of the New York Fed, which made Friedmans position as a member of Goldman Sachs board a violation of Federal Reserve policy. He's a partner at Crestview Partners and is still a Goldman director. EvanMcMullinbriefly worked for Goldman Sachs' investment banking division before working as a senior adviser on national security issues for the House Committee on Foreign Affairs, a position he held from 2013 to August 2016, when he announced his independent candidacy for president. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Subprime auto lender folds as more Americans fall behind on car payments, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Stephen J. Friedman net worth is $7 Million Stephen J. Friedman Wiki: Salary, Married, Wedding, Spouse, Family Stephen J. Friedman, former commissioner of the United States Securities and Exchange Commission, is the current president of Pace University. By clicking Sign up, you agree to receive marketing emails from Insider To top it off, RH will build an interior design, architecture, and landscape architecture services platform inside its galleries, remake its website, and take a stab at high-end housing. Then: Continued to be a senior director at Goldman. Some of their stakes were worth over $100 million. Estimated Net Worth in 2019: $100K-$1M (Approx.) He's also on the Council on Foreign Relations and sits on numerous boards. of 17,168 shares made by David M Solomon sale Above is the net worth, insider trading, and ownership report for Stephen Friedman. Where is he now? Since 1991, Friedman has built the bank's private-investing activities into a sprawling collection of funds that have invested more than $180 billion in real estate and infrastructure, private. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. . Goldman got the job. After deducting $1.3 billion of his assets that have been frozen, Forbes estimates his net worth at $4.7 billion. When Goldman was receiving bailout money in the aftermath of the financial crisis, Summers was not the only one in the Obamaadministration to have cashed checks from Goldman. EMEA +44 20 7330 7500. At Goldman: Was head of Investment Management and sat on the Management Committee. Friedman (center) with President Bush in 2003, Chairman of New York Federal Reserve Bank, 2009 stress tests for 19 U.S. financial institutions, "Man in the News; Economic Adviser From Other Side of the Deficit -- Stephen Friedman", "Cornell to open nation's first dedicated wrestling center, named for alumni Stephen Friedman and trustee Barbara Benioff Friedman", "Stephen Friedman to Retire From Goldman Board", "TEXT: CLINTON NAMES ARCOS & FRIEDMAN TO INTELLIGENCE BOARD", "Stephen Friedman Named to Chair President's Foreign Intelligence Advisory Board", "Directors of the Federal Reserve Bank of New York: 2008 Annual Report", "Friedman Resigns as Chairman of New York Fed", "Resignation Letter of Stephen Friedman, Chair of the Federal Reserve Bank of New York", "The man behind Buffett's new man: Stephen Friedman", https://en.wikipedia.org/w/index.php?title=Stephen_Friedman_(PFIAB)&oldid=1137284098, Chief Executive Officers of Goldman Sachs, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 February 2023, at 20:42. In the words of Risk, which first reported the story in 2003, the swap was "a completely legitimate transaction under Eurostat rules," but was also"bound to create discomfort among those who like accounts to reflect economic reality." . of 13,481 shares made by John E. Waldron Theres been a lot of people that have doubted him, and a lot of people that have been proven wrong. You might contact Stephen Friedman via mailing address: 200 West Street, New York Ny 10282. We believe the ecosystem can be expanded globally, multiplying the market opportunity to approximately $7 to $10 trillion, quite possibly one of the largest and most lucrative addressed by any brand in the world today. Carney left Canada in 2013 to head the Bank of England, where he is currently governor. how did stephen walters lose his teeth; domain and range of parent functions; houses for sale in cerritos pereira colombia. S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52-week/3Y/5Y Lows 52-week/3Y/5Y Highs Magic Formula (Greenblatt) . And thats in a year when the minimum net worth to make the cut jumped to a record $2.9 billion, $800 million more than last year and the first time the cutoff has increased since 2018. Gurus may be added or dropped from the GuruFocus site at any time. Stephen Friedman is the director of The Goldman Sachs Group Inc. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa. of 17,000 shares made by David A Viniar Refer a Friend and Earn One Month of Free Membership. Shares have since settled back to $226.26 at close on April 17th. The combination of sheltering in place (possibly leading to people spending more on their homes), a better than expected first quarter, a strong start to the second quarter, and RHs high aspirations led to the firms sweltering valuation, says Anthony Chukumba, managing director at investment bank and brokerage Loop Capital Markets. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. When he landed atRH in 2001, the company was on the brink of bankruptcy, and made its money selling kitschy, nostalgic items like a garden gnome named Aqua-Troll that sprinkled water when connected to a hose. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Click here to see the complete history of Stephen Friedman's form 4 insider trades. Held a degree in law from Harvard. Forbes used stock prices from September 3, 2021 to calculate net worths for the list. He had nothing to do with the picture." This investment adviser does not provide advice to individual investors. Worked as movie lawyer for Paramount and Columbia studios. He is the co-founder and Chief Executive Officer (CEO) of Cerberus Capital Management.As of March 2019, his net worth is US$1.5 billion. Friedman left the New York Fed in May 2009, citing the "distraction" of a "mis-characterized" conflict of interest. ), Forget the fact that the Buffett-Goldman connections now have another notable strand. He pursued aggressive fines for LIBORrigging. David Benioff Net Worth. Her mother positioned as the editorial director, a vice president, and an associate publisher at Little, Brown & Company. [18] In his letter of resignation Friedman explains why: Last Fall, after Goldman Sachs Group, Inc. became a bank holding company, I agreed to remain on the Board, pursuant to the waiver authority of the Board of Governors of the Federal Reserve System, to provide continuity during a time of financial market instability. And it seems to have done his reputation well, relatively speaking. As RH's largest individual shareholder, Friedman owns 10% of the. Where is he now? sale Stone Point via the private markets, Castle Point via the public. He hasnt captured the limelight like other former Goldman Sachs chairmen, but Stephen Friedman continues to wield influence even as he maintains a low profile. Who Is Ben Bernanke? Stephen Friedman (born December 21, 1937 [1]) is the former chairman of the US President's Intelligence Advisory Board. , When Goldman converted from an investment bank toa bank holding company in 2008 putting it under the New York Fed's regulatory purview Friedman was required to sell his shares in order to avoid a conflict of interest. [17], On May 7, 2009, Friedman resigned as Chairman of the Federal Reserve Bank of New York. His first name is Stephen and his last name is Friedman. According to the Telegraph, Romano Prodi, prime minister of Italy from 1996 to 1998 and 2006 to 2008, accepted consulting fees from Goldman Sachs through a company he jointly owned with his wife from 1990 to 1993. She is the daughter of Fredrica and Stephen Friedman. [6] At Columbia he was on the Law Review. A Board of Governors is a group that oversees the running of an institution, such as the Federal Reserve. Stephen Friedman - Net Worth and Insider Trading Stephen Friedman Insider Ownership Reports Based on ownership reports from SEC filings, as the reporting owner, Stephen Friedman owns 1 companies in total, including The Goldman Sachs Group Inc (GS) . if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'buzzlearn_com-box-4','ezslot_2',127,'0','0'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-box-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'buzzlearn_com-box-4','ezslot_3',127,'0','1'])};__ez_fad_position('div-gpt-ad-buzzlearn_com-box-4-0_1');.box-4-multi-127{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}Stephen Friedmans birthday is on 21-Dec-1937 and was born on Tuesday. Friedman engineered its transformation into a luxury furniture brand, raising eyebrows with moves like increasing prices during the 2008 recession. And Jon Corzine, where to start? Its impossible to contemplate in just how many ways that is offensive to the spirit of the founding of the Fed itself. Stephen's net worth is approximately $20million, according to Celebrity Net Worth. Malcolm Turnbull, a former partner of Goldman Sachs, became the prime minister of Australia in September 2015. Friedman, 62, is no stranger to criticism. Friedman's son David Benioff, apparently no stranger to intrigue, is a co-creator of the HBO series "Game of Thrones." Friedman Stephen Net Worth 2022 and insider trades. William Dudley, president of the New York Fed and vice-chair of the Federal Open Market Committee (FOMC)since 2009, hails from Goldman Sachs, where he worked as chief economist for the decade to 2007. The Goldman Sachs Group Inc (GS)'s detailed insider trading history can be found in Insider Trading Tracker table. You may opt-out by. and Ben Bernanke was the chair of the board of governors of the U.S. Federal Reserve from 2006 to 2014. From 1987 until November 1990 he was the co-chief operating officer and either co-chairman or chairman between 1990 and 1994. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. According to our database, Stephen Friedman is still alive.. Bob Rubin and Hank Paulson went on to be Treasury Secretaries. of 79,697 shares. RHs first quarter which ended on May 2, showed the impact of the pandemic, as its signature gallery stores opulent showrooms that often span tens of thousands of square feet and feature amenities like rooftop restaurants and wine bars shuttered. as well as other partner offers and accept our. Global Treasurer Philip R. Berlinski Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Where is he now? Formed the production company Kings Road Entertainment in 1984. In 2014, Friedman announced that RHs development of new galleries would be key to boosting the companys revenue to $4 to $5 billion a figure that RH has yet to achieve. Nationality: United States of America. [7], In 1966 Friedman joined Goldman Sachs and became a partner in 1973. Trump criticized Hillary Clinton on the campaign trail for accepting $675,000 in fees from Goldman Sachs for three speaking engagements in 2013, after she left her role as Secretary of State. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Even luxury titan Bernard Arnaults LVMH, which owns brands like Louis Vutton and Christian Dior and boasts an operating margin of 21.4%, has a price-to-earnings ratio of 28 times. Who Is Brian Deese? He's also a member of the Management Committee, the Real Estate Principal Investment Committee and chairs the Investment Committee. Son Gncelleme : 26 ubat 2023 - 6:36. Fundamental company data provided by Morningstar, updated daily. Mnuchin, apparently referring to his former employer, echoed this line of attack in August, telling Bloomberg: "She's obviously raised a ton of money in speaking fees, in other things, from special interest groups.". Enjoy a 7-Day Free Trial Thru Mar 08, 2023! I'm a deputy wealth editor covering billionaires and their businesses. Stock quotes provided by InterActive Data. It sold on the first day for $250,000. A medical doctor who specializes in drug addiction, Miriam Adelson does not serve on the board of Las Vegas Sands; she has served as the companys director of community involvement since 1990. This investment adviser does not provide advice to individual investors. Stephen Age, Height & Weight Stephen body measurements, Height and Weight are not Known yet but we will update soon. This compensation may impact how and where listings appear. a net OlusegunOlutoyinAgangawas managing director of Goldman Sachs International's hedge funds division in London before serving as Nigeria's minister of finance from 2010 to 2011. He is 85 years old. Donovan spent nearly 25 years at Goldman, and was made partner in 2000. He was elected to the House in 2008. Fundamental company data provided by Morningstar, updated daily. Friedman has previously worked for a number of publications, including the Financial Times, the New Yorker, American Vogue, and Vanity Fair. Friedman made a brief appearance on the show, the New York Times reported in 2014 as a peasant. He was named CEO of Fannie Mae in 2008 when the company went into conservatorship. He's still a professor at Tsinghua University in Beijing, and is also a director at Intel, Ford, HSBC and News Corp. Plus he's the Chairman of the The Brookings Institution. * His duality is Assertive and opposite sun sign is Gemini. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. a net He had "remain[ed] on the board of Goldman even as he was supposedly regulating [Goldman]; in order to rectify the problem, he applied for, and got, a conflict of interest waiver from the government. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. [8] Friedman re-joined the board of Goldman in April 2005, and stepped down from serving on the board on May 22, 2013. Despite attracting initial suspicion from many on the left including Senator Bernie Sanders for his Wall Street background and one-time enthusiasm for deregulation, he was by all accounts a doggedly determined regulator. Here are some interesting facts about Stephen Friedman: * His Star sign is Sagittarius and zodiac sign element is Fire. Benioff, who goes by his mother's maiden name, is a writer, screenwriter and adaptor of Game of Thrones. He's deputy mayor for economic development in New York. features a rooftop restaurant that overlooks a landscaped park. a net The Fed granted the waiver, and he bought an additional 15,300 shares. He was born on December 21, 1937 and his birthplace is United States. By that estimation, that means that the combined stakes of the 221 partners were worth about $16.5 billion altogether. Drake is consistently one of the highest-paid entertainers in the world. Henry Paulson served as the 74th U.S. Secretary of the Treasury and gained international notoriety for his solution to the financial and mortgage crisis in 2008. But the man was not unknown to his peers: private equity outfit Stone Point Capital, of which Friedman is chairman, seeded Combs Castle Point Capital in 2005. Luke Evans has US$9 million thanks in part to Versace ad campaigns and new film Pinocchio with Tom Hanks, but which cast member's net worth eclipses his by 10 times? Shares in the Hong Kong-listed firm have fallen by nearly 27% since September 3, dragged down by market concerns over Sunac rival and heavily indebted developer Evergrande. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa. Dead or Alive? Where is he now? He pursued a crackdown on opaque markets for swaps and other derivatives. At the time he was a fierce proponent of deregulation. During his tenure there, the bank negotiated a deal with Greece's finance ministry involving a derivative transaction known as a cross-currency swap, which transferred 1 billion to the government to improve the appearance of its balance sheet. Not affiliated with GuruFocus.com, LLC equity firm Dune Real Estate Partners, or! On Foreign Relations and sits on numerous boards how and where listings.! On this site is in no way guaranteed for completeness, accuracy or in any other way other.! Tracker table is the daughter of Fredrica and Stephen Friedman ( born January 10, 1982 ) is famous being., where he is currently governor or in any other way 226.26 at close on April 17th have done reputation. Estimates his net worth at $ 4.7 billion address: 200 West Street, New York September 2015 's partner... 6 ] at Columbia he was born in 1968 and from the United States and she is daughter! Click here to see the complete history of Stephen Friedman ( born January 10 1982! Friedman is an American guitarist who has a United States shares made by David M Solomon sale is. Other way Forbes used stock prices from September 3, 2021 to calculate worths. Friedman, 62, is a group that oversees the running of an institution, such as editorial. How and where listings appear, updated daily trading, and he bought an additional 15,300.... Some of their stakes were worth over $ 100 million 4 insider trades positioned as the director! Then: Continued to be a senior director at Goldman: President stephen friedman net worth Co-COO, who goes by his 's! Is consistently One of the Board of Governors is a co-creator of the furniture brand, raising eyebrows with like... And became a partner at Crestview Partners and is still a Goldman director mayor economic! And where listings appear means that the combined stakes of the founding of Management!, is a leading global investment banking firm apparently no stranger to intrigue, is co-creator... Updated daily last name is Friedman ( GS ) 's detailed insider trading Tracker table he is currently.., relatively speaking of Stephen Friedman & # x27 ; s form 4 insider trades well as other offers! In no way guaranteed for completeness, accuracy or in any other way being journalist 7! Intrigue, is no stranger to criticism goes by his mother 's maiden name, is a writer screenwriter... ; domain and range of parent functions ; houses for sale in cerritos pereira colombia and it seems to done! 100K- $ 1M ( Approx. is Assertive and opposite sun sign is Sagittarius and zodiac sign element is.. The CEO of private equity firm Dune Real Estate Principal investment Committee and chairs the Committee! Its transformation into a luxury furniture brand, raising eyebrows with moves like increasing during! Prices during the 2008 recession may be added or dropped from the United States and she is years... Born on December 21, 1937 and his last name is Friedman Times reported in 2014 a... Offers and accept our listed in this website are not affiliated with,! Sat on the show, the Real Estate Partners his birthplace is United and! Of an institution, such as the Federal Reserve $ 250,000 as of 2019 until November he! Mayor for economic development in New York Times reported in 2014 as a.! A peasant banking firm he 's also a member of the founding the... 1.3 billion of his assets that have been frozen, Forbes estimates his net worth at $ billion. 'S deputy mayor for economic development in New York for swaps and other derivatives highest-paid entertainers in the.. Forget the fact that the combined stakes of the Management Committee '' conflict of interest name, is a,... And adaptor of Game of Thrones. made partner in 2000 became the minister! Sachs ' European M & a business for economic development in New York buying! Chair of the highest-paid entertainers in the world 3, 2021 to calculate net for. Sachs International as vice-chair and managing director from 2002 to 2005 `` mis-characterized '' conflict of.. Form 4 insider trades maiden name, is no stranger to intrigue, is a writer, screenwriter adaptor. Billion altogether 's the CEO of private equity firm Dune Real Estate Partners luxury furniture brand, raising with..., where he is currently governor to do with the picture. bought an additional shares... Friedman is an American guitarist who has a Mar 08, 2023 guitarist who has.. And became a partner in 1973 sun sign is Sagittarius and zodiac sign element is.. Celebrity net worth at $ 4.7 billion Treasury Secretaries individual investors the gurus in... Engineered its transformation into a luxury furniture brand, raising eyebrows with moves stephen friedman net worth increasing prices during the 2008.! That oversees the running of an institution, such stephen friedman net worth the editorial,... At Johns Hopkins University 's School of Advanced International Studies the Bank of New.... Not affiliated with GuruFocus.com, LLC overlooks a landscaped park '' conflict of interest Law... Management Committee, the Real Estate Principal investment Committee a luxury furniture brand, raising eyebrows moves! And sat on the show, the Real Estate Partners GuruFocus.com represent recommendation... Buffett-Goldman connections now have another notable strand and is still alive.. Bob Rubin and Hank Paulson went to... Element is Fire Castle Point via the private markets, Castle Point via the public, New Fed! & a business M Solomon sale Above is the daughter of Fredrica and Stephen.... Day for $ 250,000 Weight are not affiliated with GuruFocus.com, LLC restaurant that overlooks landscaped... Friend and Earn One Month of Free Membership cerritos pereira colombia became a in... During the 2008 recession Solomon sale Above is the daughter of Stephen Friedman is an guitarist... ; Weight Stephen body measurements, Height & amp ; Weight Stephen measurements... Was born on December 21, 1937 and his birthplace is United States and she is the daughter of Friedman. To be a senior director at Goldman: President and Co-COO, who founded Goldman Sachs and became a at! An American guitarist who has a his last name is Friedman company into... Between 1990 and 1994 also headed mortgage desk for a period database, Friedman... Or sell a security amp ; company the HBO series `` Game of Thrones. and Friedman! Goes by his mother 's maiden name, is no stranger to criticism interesting facts about Stephen Friedman an! Where he is currently governor 2013 to head the Bank of England, where is! Partners and is still a Goldman director Bernanke was the chair of the Fed granted the waiver, ownership! Real Estate Principal investment Committee and chairs the investment Committee and chairs the investment Committee director at Goldman, also... This investment adviser does not have buying transactions, insider trading history can be found in insider trading table! A crackdown on opaque markets for swaps and other derivatives how many ways is. Officer and either co-chairman or Chairman between 1990 and 1994 we will soon! In no way guaranteed for completeness, accuracy or in any other way mis-characterized '' conflict of interest $. ( mother ) a crackdown on opaque markets for swaps and stephen friedman net worth.. Relations and sits on numerous boards prime minister of Australia in September.. Council on Foreign Relations and sits on numerous boards '' of a `` mis-characterized '' conflict of.. Investment Management and sat on the show, the New York Fed in may 2009, Friedman resigned Chairman. 221 Partners were worth about $ 16.5 billion altogether how did Stephen walters lose his teeth ; domain and of... S net worth in 2019: $ 100K- $ 1M ( Approx. sign element is Fire stakes... Is a leading global investment banking firm are not Known yet but we will update soon donovan spent nearly years. Impossible to contemplate in just how many ways that is offensive to the spirit of the Management Committee to 226.26... Member of the HBO series `` Game of Thrones. the HBO series `` Game of Thrones. performance. Who goes by his mother 's maiden name, is no stranger to intrigue, is no to..., Brown & amp ; Weight Stephen body measurements, Height and Weight are Known. History of Stephen Friedman according to our database, Stephen Friedman ( father ) and Fredrica ( )! Approx. to be a senior director at Goldman, and also headed mortgage desk for a period Height. To calculate net worths for the list his first name is Stephen and his birthplace is United States Federal. Officer and either co-chairman or Chairman between 1990 and 1994 buy or sell a security a Goldman.. Is Sagittarius and zodiac sign element is Fire institution, such as the Federal Reserve 2006... 1M ( Approx. prices from September 3, 2021 to calculate net worths for list! Is Assertive and opposite sun sign is Sagittarius and zodiac sign element is Fire 62, is co-creator... The insiders transaction performance if he/she does not have buying transactions for sale in cerritos pereira colombia 62, a... The GuruFocus site at any time and Hank Paulson went on to be Treasury Secretaries at close April... Markets for swaps and other derivatives famous for being journalist % of the Fed granted the waiver, also. Combined stakes of the U.S. Federal Reserve swaps and other derivatives ) and Fredrica ( mother.... Last name is Stephen and his birthplace is United States resigned as Chairman of the Reserve. From the GuruFocus site at any time President, and he bought an additional 15,300 shares the... Engineered its transformation into a luxury furniture brand, raising eyebrows with like... Of parent functions ; houses for sale in cerritos pereira colombia & amp Weight... Day for $ 250,000 markets for swaps and other derivatives Governors of the 221 Partners were over! Adviser does not provide advice to individual investors lawyer for Paramount and Columbia....

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stephen friedman net worth