Philip Dunton Murphy is an American politician, diplomat, and former financier. Since 2018, he has been the 56th Governor in New Jersey. Phil Murphy’s net worth was estimated at $80 Million as of 2023.
He was previously the U.S. Ambassador to Germany. He was the U.S. Ambassador to Germany during Barack Obama’s presidency from 2009 to 2013. Murphy worked 23 years at Goldman Sachs before he became involved in politics and diplomacy.
|Full Name||Philip Dunton Murphy|
|The Birth Date||August 16, 1957|
|Birth Place||Needham (Massachusetts)|
|Profession||Former Financier, Diplomat and Politician|
|Net Worth||$80 Million|
Murphy was raised in a lower-middle class family. His mother was a secretary and his father, a high-school dropout, worked every job that was possible to provide for his family.
Murphy was a child and saw his parents supporting John F. Kennedy. As a child, Murphy enjoyed playing soccer and he graduated from Needham High School. Later, he attended Harvard University and graduated with an economics degree. Murphy received his MBA in 1983 from the Wharton School.
Phil Murphy’s Net Worth and Career
Murphy’s career would begin after he joined a summer internship with Goldman Sachs in 1982. He would be hired by the company within a year and began to show his abilities inside the organization. Murphy’s main strength was his ability to get deals done because of which over the years, he started to climb the corporate ladder effectively.
Murphy was to lead the Frankfurt office in 1993. He would also be looking at markets in Germany and Austria. In Hong Kong, Murphy took up the post of President in their Asia Division. Murphy was an integral part of the management committee by 1999.
After that, he was co-head for the Investment Management Division. There they managed an enormous asset value of $373B. He became a senior director of the firm in 2003. He decided to leave Goldman Sachs in 2006 in pursuit of other dreams.
Murphy served as the National Finance Chair of Democratic National Committee until 2009. During his tenure there, he was able raise more than $300,000,000. From 2009 to 2013, he was the Ambassador of the United States to Germany under President Barack Obama.
Murphy was involved for several years in New Jersey’s politics. He was elected Governor of New Jersey on January 16, 2018.
Murphy has been honored with many awards during his long and successful career in diplomacy, financial services, and politics. He was the recipient of two honorary degrees from Rutgers University and Hamilton College.
Murphy is married Tammy Snyder, who was also employed at Goldman Sachs. Although they worked together seven years, their romance blossomed and they were married in 1994. The couple had four children together.
Phil Murphy Net Worth
Phil Murphy’s net worth is estimated to be $80 million as of 2023. It was reported that when Goldman Sachs issued their IPO, Murphy’s net worth had climbed up to $50 million.
Because he owns large real estate properties, he reported that he paid $200,000 annually in property taxes. In 2016, he made public the tax returns from his five previous years. It was evident that Murphy had earned $6 million in 2014 alone, and contributed $980,000 per year during those five years.