Jonathan Steinberg, the husband of Fox Business anchor Maria Bartiromo, has had a remarkable career in the financial sector. Steinberg, CEO of WisdomTree Investments, has been married to Bartiromo for over two decades. Known as “Jono,” Steinberg’s story is intertwined with Wall Street’s highs and lows.
From Billionaire Roots: The Legacy of Saul Steinberg
Jonathan Steinberg grew up immersed in finance, thanks to his father, Saul Steinberg. Saul was a billionaire Wall Street executive dubbed a “corporate raider” for his aggressive business tactics. He used a $25,000 loan to launch Leasco, a computer leasing company, which he later leveraged to acquire Reliance Group Holdings. Saul’s reputation soared as he attempted takeovers of giants like Disney and Quaker State.
However, the 1990s saw Saul’s fortunes plummet. Heavy debts from takeover attempts and an extravagant lifestyle led to financial ruin. Reliance filed for bankruptcy in 2001, and Saul had to liquidate assets, including his prized Park Avenue apartment. Despite these setbacks, Saul remained an idol to Jonathan, who developed a keen interest in finance early on.
Early Financial Ventures and Education
Jonathan’s passion for finance ignited at age 13 with a successful stock investment in Abbott Laboratories. He attended the Wharton School of Business but dropped out due to a reading difficulty. However, his career was already set in motion. A summer internship at Bear Stearns led to a full-time job offer in 1986. Jonathan’s determination paid off as he joined Bear Stearns’ Mergers and Acquisitions Department.
After three years, Jonathan ventured into publishing, using inherited stock money to buy and rebrand the Penny Stock Journal as the Individual Investor. He also acquired America’s Fastest Growing Companies, focusing on the stock market’s underdog companies. Jonathan’s publications thrived, and in 1991, he took his company public.
Marriage to Maria Bartiromo
Jonathan married Maria Bartiromo in 1999. Their wedding, held at Saul Steinberg’s Southampton estate, was a grand affair officiated by Rabbi Peter J. Rubinstein. The couple’s shared interest in finance and media created a strong bond.
WisdomTree Investments: A New Chapter
The dot-com crash of the early 2000s hit Jonathan’s publishing business hard. However, he pivoted, transforming his company into an indexing business named WisdomTree. By 2018, WisdomTree managed over $60 billion in assets. Jonathan’s ambition remains undeterred as he aims to reach $100 billion to compete with industry giants like BlackRock and Vanguard.
Jonathan’s book, “Midas Investing: How You Can Make at Least 20% in the Stock Market This Year and Every Year,” published in 1996, showcases his investment expertise. The book offers a step-by-step guide to identifying profitable stocks and successful investment strategies.
Life Beyond the Financial World
Jonathan and Maria’s lifestyle reflects their successful careers. They own a five-story townhouse in Manhattan’s Upper East Side, purchased for $6.5 million in 2007. The house features five bedrooms, a spacious backyard, and a large family room.
On weekends, they retreat to their Long Island home in Westhampton. Maria has mentioned their love for biking and walking along the beach. During the early days of the COVID-19 pandemic, the couple spent more time at their Westhampton house, with Maria anchoring her shows from there.
Although Jonathan and Maria do not have children, they share their life with a dog named Dusty.
Conclusion
Jonathan Steinberg’s journey from a finance prodigy under his father’s wing to a successful CEO in his own right is inspiring. His resilience in the face of financial setbacks and his ability to reinvent his career highlight his tenacity and vision. Together with Maria Bartiromo, Jonathan continues to make waves in the financial world while enjoying a rich personal life.
Frequently Asked Questions
Who is Jonathan Steinberg?
Jonathan Steinberg is the CEO of WisdomTree Investments and the husband of Fox Business anchor Maria Bartiromo. He has had a notable career in the financial sector and is the son of billionaire Wall Street executive Saul Steinberg.
What is Jonathan Steinberg’s background?
Jonathan grew up in a finance-focused environment, heavily influenced by his father, Saul Steinberg. He attended the Wharton School of Business but left before graduating to pursue a career on Wall Street.
How did Jonathan Steinberg and Maria Bartiromo meet?
The specifics of their meeting are not widely publicized, but they married in 1999, and their shared interests in finance and media likely played a role in their connection.
What is WisdomTree Investments?
WisdomTree Investments is an asset management company founded by Jonathan Steinberg. The company specializes in exchange-traded funds (ETFs) and managed over $60 billion in assets as of 2018.
Do Jonathan Steinberg and Maria Bartiromo have children?
No, Jonathan Steinberg and Maria Bartiromo do not have children, but they do have a dog named Dusty.