What is the net worth of New Jersey Governor Phil Murphy?

net worth

Philip Dunton Murphy is an American politician, politician and former financier. He is currently serving as the 56th Governor of New Jersey since 2018. As of 2021, Phil Murphy’s total value is estimated at $ 80 million.

He served as US Ambassador to Germany from 2009 to 2013 when Barack Obama was President. Prior to his involvement in politics and communications, Murphy had a successful career at Goldman Sachs where he was part of a senior management team and worked for a total of 23 years.

Full Name Philip Dunton Murphy
Birth Date August 16, 1957
Birth Place Needham, Massachusetts
Profession Politician, Diplomat, and Former Financier
Relationship Status Married
Net Worth $80 million

Early Life

Murphy grew up in a low-income family with his mother as a secretary while his father was out of high school who did whatever work he could to provide for the family.

As a child, Murphy saw his parents supporting John F. Kennedy. He loved playing football at a young age and graduated from Needham High School. He later studied at the prestigious Harvard University where he earned a degree in Economics. Later, Murphy received his MBA from Wharton School in 1983.

Phil Murphy Net Worth and Career

Murphy’s career was about to begin after he joined a summer internship with Goldman Sachs in 1982. The very next year he would be hired by them and he began to show his ability within the organization. Murphy’s greatest strength was his ability to win deals because over the years, he began to climb the business ladder successfully.

In 1993, Murphy was to head the Frankfurt factory office to oversee markets in Germany, Switzerland, and Austria. He then began serving as President in their Asian section in Hong Kong. In 1999, Murphy became an integral part of the executive committee.

He then became the head of the Investment Management Division where they oversaw a large net worth of $ 373 billion. In 2003, he became the CEO of the company, and in 2006, he decided to resign from Goldman Sachs in order to pursue other goals.

Murphy served as National Treasurer for the Democratic Alliance’s National Committee until 2009. He was able to raise more than $ 300 million during his time there. He later served as US Ambassador to Germany under President Barack Obama from 2009 to 2013.

After being involved in the political affairs of New Jersey for several years, Murphy will become New Jersey Governor after being sworn in on January 16, 2018.

Murphy received numerous accolades for a successful career that included financial resources, diplomacy, and politics. He received two honorary degrees from Hamilton College and Rutgers University.

Personal Life

Murphy is married to Tammy Snyder who also worked for Goldman Sachs. Although they worked for the same employer for seven years, it was later that they both fell in love and decided to get married in 1994. Together, the couple has four children.

Phil Murphy Net Worth

As of 2021, Phil Murphy has an estimated $ 80 million. It is reported that by the time Goldman Sachs released their IPO, Murphy’s value had risen to $ 50 million.

He owns a large property for sale because in his books, he has paid $ 200,000 in annual property taxes alone. When he released his tax returns for the past five years in 2016, it appeared that Murphy had earned $ 6 million in 2014 alone and had made $ 980,000 annually in five years.