Anthony Scaramucci: The Man, The Myth, The Mooch

How Much is Anthony Scaramucci Worth?

Let’s talk about Anthony Scaramucci, or as some call him, “The Mooch.” This guy’s got a net worth of $90 million, and he’s made a name for himself in the world of finance, politics, and media. Scaramucci is an American financier, author, and entrepreneur who briefly served as Donald Trump's White House Director of Communications back in 2017. But here's the kicker—he only held that position for 11 days. Yes, you heard that right—just 11 days. That short stint even gave birth to a new term: “Scaramucci,” which people now use to describe any period lasting exactly 11 days. For instance, someone might say, “I’ve only got one Scaramucci left until vacation!”

Before his whirlwind White House adventure, Anthony was already a well-known figure in the financial world. He founded and co-managed SkyBridge Capital, an investment firm that once managed over $7 billion in assets. He's also written several books and regularly appears on CNBC, offering his insights on finance and business. Beyond his professional accomplishments, he’s actively involved with organizations like Warrior Gateway and The Brain Tumor Foundation. Scaramucci also sits on the Board of Advisors for Tufts University’s School of Arts & Sciences and the Harvard Law School Leadership Council. Not bad for a guy who initially backed Jeb Bush in the run-up to the 2016 presidential election.

Growing Up: Anthony Scaramucci’s Early Days

Anthony Scaramucci’s story begins on Long Island, New York, where he was born on January 6, 1964. Raised in a middle-class family in Port Washington, Anthony’s dad worked in construction, giving him a solid foundation to build his future. After graduating from Paul D. Schreiber High School, Anthony headed to Tufts University, where he earned a B.A. in economics. But he wasn’t done learning yet. He went on to Harvard Law School, where he earned his J.D. While at Harvard, he crossed paths with none other than future President Barack Obama. Talk about rubbing elbows with some heavy hitters!

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Goldman Sachs: The Early Years in Finance

After law school, Anthony didn’t don a suit and dive into the courtroom. Instead, he headed straight to Wall Street, joining Goldman Sachs in 1989. He started out in the Investment Banking division, but his journey wasn’t without its bumps. After a year, he got the boot. But don’t count him out just yet—he was rehired by Goldman’s Equities division just two months later. By 1993, he’d climbed the ranks to become a Vice President in Goldman’s Private Wealth Management division. He stayed with the firm until 1996, gaining invaluable experience that would shape his future ventures.

SkyBridge Capital: Building an Empire

In 1995, Anthony Scaramucci founded SkyBridge Capital, an investment firm that would become a cornerstone of his career. At its peak, SkyBridge managed over $7 billion in assets, making Anthony a force to be reckoned with in the financial world. However, like all good stories, there’s a twist. By the end of 2022, after some missteps involving cryptocurrency and the FTX exchange, SkyBridge’s largest fund had dwindled to just $1.3 billion in assets under management. But Anthony’s a fighter, and by April 2023, the firm’s assets under management had rebounded to $2 billion.

In 2009, Anthony launched the SkyBridge Alternatives Conference, better known as the SALT Conference. This event quickly became a must-attend gathering for financial leaders around the globe, with a marquee event held annually in Las Vegas. His achievements didn’t go unnoticed; in 2011, he was awarded the prestigious Ernst & Young Entrepreneur Of The Year Award. SkyBridge also acquired the rights to the iconic TV show Wall Street Week in 2014, adding another feather to his cap.

Trump’s White House: A Brief but Memorable Stint

In 2016, Anthony threw his hat into the political ring, joining Donald Trump’s Finance Committee after Trump became the frontrunner in the presidential race. When Trump clinched the presidency, Scaramucci was named to the Presidential Transition Team Executive Committee. And then, in July 2017, he stepped into the role of White House Director of Communications. But as we all know, it was a short-lived gig, lasting just 10 days. Despite the brevity of his tenure, it left a lasting impression on the political landscape and pop culture alike.

The SkyBridge Sale That Never Was

Back in January 2017, Anthony announced plans to sell SkyBridge to a Chinese bank. The deal seemed promising, with estimates suggesting Anthony could have walked away with anywhere from $100 million to $750 million, depending on the final price and his equity stake. However, regulatory hurdles derailed the sale, and it eventually fell through.

There was another intriguing twist to this tale. The timing of the potential sale coincided with Anthony’s entry into the Trump White House. When he left the White House after just 11 days, he lost out on a significant tax benefit known as a “certificate of divestiture.” This certificate allows individuals to sell assets before taking a government job at a favorable tax rate, investing the proceeds into U.S. Treasuries. If Anthony’s sale proceeds had been $100 million, the certificate would have saved him $24 million in taxes. So, while the sale didn’t go through, his brief White House stint still came with a hefty price tag.

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A Look Back: Anthony Scaramucci’s Net Worth History

Back in 2010, Celebrity Net Worth estimated Anthony’s net worth at $40 million. But here’s where things got interesting. A law firm representing Scaramucci sent us a cease and desist letter, claiming our estimate was “materially false.” They implied he was worth far less than $40 million. We followed up for clarification but never heard back. Interestingly, in a 2008 CNBC interview, Scaramucci himself claimed his net worth was $80 million. So, we updated our estimate to reflect that figure.

In August 2017, Scaramucci’s financial disclosure was leaked, revealing his liquid assets to be worth $85 million. He also had various illiquid assets, including real estate investments and a minority stake in the New York Mets. However, he also carried three mortgages, with a total liability ranging from $2.5 to $7 million.

The NY Mets: A Lucrative Investment

In 2012, Anthony and a group of investors, including comedian Bill Maher, were offered the chance to buy 4% stakes in the New York Mets for $20 million each. Fast forward to 2020, when billionaire hedge fund manager Steve Cohen purchased the Mets for a whopping $2.4 billion. After removing debt, the equity investor portion of the sale amounted to roughly $2 billion. This means Anthony’s 4% stake soared to approximately $80 million. Not bad for a guy who started out in middle-class Port Washington, right?