Find All The Details About Michael Lewis Net Worth Profile Here Below
Michael Monroe Lewis is an author and financial journalist from the United States. Since 2009, he has also been a contributing editor at Vanity Fair, focusing on business, money, and economics. His nonfiction work is well-known, especially his coverage of financial crises and behavioral finance.
The financial journalist went on to the London School of Economics, where he earned a master’s degree in economics in 1985. He was employed by Salomon Brothers, stayed in New York for a training program, and then transferred to London, where he worked as a bond salesman for a few years at the firm’s London office. Lewis has stated that the journalism in The Economist and The Wall Street Journal during this time pushed him to pursue a career as a writer.
Michael Lewis’s Net Worth
Michael Lewis is a $25 million novelist from the United States. He studied art history at Princeton University and graduated with a bachelor’s degree. Later, Lewis moved to New York and tried unsuccessfully to get a position in finance. He was able to secure a job with the Solomon Brothers investment bank after graduating from LSE. In today’s money, his initial salary of $48,000 would be nearly $90,000.
The author finally left to write “Liar’s Poker,” which became a worldwide bestseller. Since then, Michael Lewis has published other books, including ‘The New New Thing,’ ‘The Big Short,’ ‘Flash Boys,’ and ‘Moneyball,’ which was made into a film starring Brad Pitt.
Michael Lewis’s Reception
Michael Lewis, a best-selling novelist, has a strong following as well as adversaries. “He can stroll into an area already explored by hundreds of writers and unearth nuggets there all along but mysteriously ignored by his predecessors,” Dan Ackman of ‘Forbes‘ wrote in a review of ‘Moneyball.’
“No one writes with more narrative panache about money and finance than Mr. Lewis,” according to a New York Times article, complimenting his ability to use his subject’s tales to demonstrate the faults with the systems surrounding them.
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The writer has been chastised by those outside the financial profession for what they see as errors in his writing. “From a historical standpoint, Lewis is, well, completely off base,” the American journalist and sports author Allen Barra said in a 2011 post for The Atlantic, criticizing Lewis’s portrayal of Major League Baseball in Moneyball. Baseball had reached a higher degree of competitive balance than at any other time in its history by the end of the twentieth century. Moneyball not only misrepresents the current situation of baseball, but it also misrepresents the sport’s history.”
The book Flash Boys: A Wall Street Revolt by Michael sparked a new wave of debate about high-frequency trading. Mary Jo White, a longtime Wall Street insider who later served as Chair of the US Securities and Exchange Commission (SEC), rejected the book’s premise before a House Financial Services Committee hearing in April 2014, saying, “The markets are not rigged.” In response to concerns regarding dark pools and market structure, White said in June 2014 that the SEC would undergo a new round of regulatory examination.
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