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Goldman Sachs Net Worth 2017, Biography & Wiki
Goldman Sachs net worth: Goldman Sachs is an American transnational investment banking business which has a net worth of $45.59 billion. Marcus Goldman, a businessman originally from Germany, founded the business in the late 1860s. After hiring his son in law, Samuel Sachs, and then his son, and another son in law, the firm was renamed Goldman Sachs & Company. The firm has become called The Goldman Sachs Group, Inc. The firm developed its success on commercial paper. These papers became instrumental in the launching of multiple companies. Goldman Sachs joined the Ny Stock Exchange in the late 1890s, helped create the initial IPO, and was flying high before the stock exchange crash of 1929. The 80s and 90s found ups and downs for the business, including starting additional offices all over the world, as well as their participation in the Mexican financial crisis in 1994. Throughout the first months of the housing crisis, Goldman Sachs was the sole firm to turn a profit, and was held up as a good example of the best way to deal with the disaster. Nevertheless, their success was comparatively short lived, plus they’ve since closed a number of the offices, including their biggest hedge fund, in a attempt to cut losses. While their business practices have sometimes come under fire, they are consistently commended for his or her philanthropic work, as well as their support of small business. Goldman Sachs now employs just over 31,000 people around the world.