What Is John Adams Morgan’s Net Worth?
John Adams Morgan is an American businessman and Olympic crusing champion who has a net worth of $100 million. Morgan earned his net worth as a descendant of the banker J.P. Morgan and American President John Adams. John has gained notoriety because the ex-husband of Sonja Morgan, who started starring on the Bravo actuality present “The Actual Housewives of New York” in 2010. Morgan gained a gold medal within the 6 metre class on the 1952 Summer season Olympics in Helsinki. John co-founded the corporate Morgan Joseph LLC in 2002.
John Adams Morgan was born on September 17, 1930, in Oyster Bay, New York. His father, Henry Sturgis Morgan, co-founded the funding financial institution Morgan Stanley, and his mom, Catherine Frances Lovering Adams, was the daughter of Charles Francis Adams III, who served because the U.S. Secretary of the Navy underneath President Herbert Hoover. Catherine was a direct descendant of Presidents John Adams and John Quincy Adams, and Henry was the grandson of J.P. Morgan. John grew up with 4 brothers: Henry Jr., Charles, Miles, and Peter. Morgan graduated from the Groton Faculty in Massachusetts in 1949, then he enrolled at Yale College, incomes a Bachelor of Arts diploma in 1953.
In 1956, John grew to become a associate on the NYC funding and service provider banking agency Dominick & Dominick, then he labored at Smith Barney (which is now referred to as Morgan Stanley Wealth Administration) from 1966 to 1982. Morgan was a senior vice chairman at Smith Barney, accountable for the agency’s company finance division, and he additionally served as vice chairman accountable for mergers and acquisitions. He was additionally a director and govt committee member of Smith Barney Worldwide Inc. In 1982, John established Morgan Lewis Githens & Ahn, Inc., a brokerage and retail agency, and three years later, the corporate organized a leveraged buyout with the economic chemical producer the Olin Company involving the cigarette paper enterprise Ecusta. In 1987, the agency participated within the acquisition of the meals service firm Service America Corp. from Allegheny Beverage Company to the tune of $450 million (together with money and securities).
In 2001, MLGA Holdings purchased the agency in addition to John’s broker-dealer license, and the next 12 months, Morgan co-founded Morgan Joseph LLC with former Drexel Burnham Lambert CEO and president Fred Joseph. John then grew to become the chairman of the Morgan Lewis Githens & Ahn, Inc. board of administrators. In 2010, Morgan Joseph LLC and Tri-Artisan Companions LLC merged, forming Morgan Joseph TriArtisan Group, Inc. John has served as a director on the board of trustees for a number of firms, corresponding to Upham & Co., Inc., TriMas Company, Metaldyne Company, and Furnishings Worldwide Inc. He’s additionally on the board of trustees for the Morgan Library & Museum, which began out as the non-public library of J. P. Morgan and have become a public establishment in 1924.
John has been married 5 occasions, and his first spouse was Elizabeth Robbins Choate, who he married in 1953. They welcomed son John Jr. earlier than divorcing in 1957. Morgan wed Tania Goss in 1962, they usually had son Chauncey earlier than splitting up. John married Anne Chute in 1992, adopted by future “Actual Housewives of New York Metropolis” star Sonja Tremont in 1998.
Morgan and Tremont met within the late ’90s on the NYC Italian restaurant San Pietro, the place she labored as a hostess, they usually later went out to dinner after working into one another in Aspen. John proposed to Sonja that evening, they usually wed a number of months later. Earlier than divorcing in 2006, they’d a daughter, Quincy.
Sonja filed for chapter after the divorce, and years after the break up, John admitted that he nonetheless owed her $3 million that he was ordered to pay within the divorce settlement, however he claimed that he was destitute. They separated across the time that they had been financing a film, “Quick Flash to Bang Time,” with Hannibal Photos by way of Sonja’s firm, Sonja Productions. They backed out of the undertaking after the divorce, and Hannibal Photos gained a $7 million lawsuit in opposition to Sonja. In 2010, Morgan married his fifth spouse, Connie.
Morgan owns a non-public island close to Stamford, Connecticut, known as Caritas Island. A 14,000 sq. foot, 26-room property sits on the three.5-acre property. He put the island available on the market for $18.9 million in 2011, then decreased the asking worth to $15.4 million. In 1998, John and Sonja paid $9.1 million for a 4,500 sq. foot townhouse in Manhattan. Sonja listed the house for $9.95 million in 2013. On the similar time, the previous couple’s 8,362 sq. foot dwelling within the Rocky Mountains was available on the market for $9.15 million.