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Scott Miners was an American Businessman and entrepreneur. As of 2022, his net worth was estimated at around $325 million. Scott was the founding Managing Partner and Chairman of Guggenheim Partners, a global investment and financial services firm, until his death in December 2022.
Scott was also the CIO and a member of the Executive Committee of Guggenheim Partners. He spoke on different platforms on issues of wealth creation and management. Sadly, he died on December 21, 2022, from a heart attack.
As we move on in this article, we will discuss Scott Minerd’s biography, family and relationship, sexuality, death, physical looks, career, and net worth, among other details about him.
Scott Minerd Wiki/ Biography
Byron Scott Minerd was born on March 23, 1959, in Ohiopyle, Pennsylvania. This means that he died at the age of 63. There is no information about Scott’s parents or siblings, as he kept his personal life away from the internet.
However, it is known that Scott got a certificate in financial aspects from the University of Pennsylvania. He then obtained an advanced education from the University of Chicago Graduate School of Business.
|Full Name:||Byron Scott Minerd|
|Stage Name:||Scott Minerd|
|Birth Place:||Ohiopyle, Pennsylvania|
|Birthday:||March 23, 1959 – December 21, 2022|
|Net Worth:||$325 million|
|Lived In:||Rancho Santa Fe, California|
|College:||University of Pennsylvania
University of Chicago
|Social Media Accounts:||Twitter: ScottMinerd|
Scott Minerd Family, Wife, Gay Relationship, And Death
Scott Minerd has kept his family background out of the internet. Since he doesn’t have a Wiki biography, it is hard to source any information about his family. He was born in Ohiopyle, Pennsylvania, and went to college.
As for his romantic relationship, he was gay. Scott was married to Eloy Mendez, an Actor, and producer with experience in film and theatre.
There is no information about when or where the wedding occurred, but the two have been spotted together several times, showcasing their wedding rings.
Scott and his husband, Eloy, were involved in various philanthropic projects. They supported organizations like the Union Rescue Mission and the RFK Foundation. They were often spotted together at events, and one could conclude that they found happiness in each other.
Unfortunately, on Wednesday, December 21, 2022, Guggenheim announced the death of Scott.
He died in his home in Rancho Santa Fe, California, during his regular workout. The world misses him, especially the investment market.
|Husband’s Name:||Eloy Mendez|
Scott Minerd was a tall and muscular man. His height was about 5 ft 8 in (1.77 m), and he weighed over 87 kg (191 lbs). Scott looked fit even in his sixties, as he was a bodybuilder and never missed his workout routine.
As for his facial features, he had dark brown eyes, well-styled black hair, a distinctive nose, and clean shaven beard. He often wore round glasses and was often spotted in a suit.
Overall, Scott was a good-looking and good man who helped the poor and needy with his wealth. His support for the LGBTQ+ community was evident, and he was proud of his sexuality.
|Height||5 ft 8 in (1.77 m)|
|Weight||87 kg (191 lbs)|
|Eye Colour||Dark Brown|
Before joining Guggenheim soon after its establishment in 1998, Scott Minerd was a prominent Wall Street banker. He has become a familiar face at trade shows and on cable news channels like CNBC, all the while helping to run a company that today looks after more than $285 billion in assets.
In his 20s, Mr. Minerd began working on Wall Street right as the sector was experiencing a boom. He quickly advanced through the ranks at Merrill Lynch and Morgan Stanley and managed the bond trading desk at Credit Suisse First Boston from 1983 and 1996. But when he was 37, he gave up his job in banking and relocated to Venice Beach, California, to pursue his love of bodybuilding.
He remained a severe weightlifter for the rest of his life, but his retirement was brief. A Chicago-based financier named Mark Walter approached Mr. Minerd in 1998 about joining the new company he was establishing that would become Guggenheim Partners.
Mr. Minerd then continued to work to make Guggenheim into a world-class institution. It currently employs 900 people in the United States, Europe, Asia, and the Middle East and most recently managed $285 billion on behalf of insurance companies, pension funds, sovereign wealth funds, and other clients.
Minerd has a track record for early effect prediction. He was one of the first investors to predict the coming global financial crisis in 2007, and he swiftly transferred Guggenheim’s funds into safer investments to avoid the worst effects.
He swiftly forecasted how the coronavirus epidemic would affect the economy, particularly China. For the PBS program “Frontline,” he spent several weeks before his passing planning and taking part in a documentary on the history of the Federal Reserve.
The wealthy Scott Minerd was also involved in philanthropy, mainly assisting the L.G.B.T.Q. Community and other human rights initiatives. For instance, he collaborated with the support organization SMUG International to build houses for L.G.B.T.Q. Individuals in Uganda. Additionally, he gave money to homeless people and refugees in Los Angeles.
As a board member of the Robert F. Kennedy Human Rights organization in Washington, Mr. Minerd traveled to Tijuana, Mexico, in 2019 to meet with asylum seekers and refugees who had been turned away at the border.
According to Kerry Kennedy, head of the organization, Mr. Minerd was motivated by the trip to assist in developing and funding a program for immigrants and refugees in the United States. In one case, it successfully lobbied for 250,000 Haitian and 40,000 Cameroonian refugees who wanted to remain in the nation with temporary protection status.
Scott appeared on different TV shows where he granted interviews on investments and general Financial discussions. He still remains one of the greatest investment analyst even at death.
— Scott Minerd (@ScottMinerd) November 9, 2022
— Scott Minerd (@ScottMinerd) November 11, 2022
Scott Minerd Net Worth Summary
Scott Miners was a seasoned investment analyst who knew the investment market trends and how to make the best out of every situation. Through his expertise, he made a fortune from being the founding Managing Partner and Chairman of Guggenheim Partners.
At the time of his death, it was estimated that he had over $325 million in net worth. This figure is not accurate as he never disclosed how much he had. However, he is said to be worth that much owing to his position in the firm and their financial standing.