Pcssd Salary Schedule 2020 2021, Articles H

Just clear tips and lifehacks for every day. Mark Baum (Steve Eisman) make a profit of 1 billion dollars from this market crash. How the world's biggest banks contributed to the 2008 financial crisis, greedily and stupidly, How a group of contrarian traders foresaw the bubble popping, and made millions from their bets, What we learned from the 2008 crisis - if anything. With information so unevenly distributed, there had to be pricing mistakesassets that were priced for far more or far less than they were actually worth, simply because investors didnt understand what they were actually buying and selling. Michael Burry. Wall Street, he saw, was awash in flattery, in which brokers, analysts, and customers told the financial class what it wanted to hear, even when it wasnt true. The character of Mr. Chau is based on real person Wing Chau. The talk of CDO default starts spreading in the market and the stock market starts falling. This book tells about those people who are able to make money even from market crash. Amanda received her Master's Degree in Education from the University of Pennsylvania. His parents work in the finance sector. But he was also guided by a strong moral compass and began to realize just how much of Wall Streets business model was based on deceiving the clients whose interests it supposedly existed to serve while gouging working-class Americans out of their homes and savings. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. He knew it all right, now Mark covers his deals. Charlie Ledley and Jamie Mai are the founders of Cornwall Capital, a New York City investment corporation. Answer (1 of 3): The role of many intermediary players is to increase flow and to make internal parties aware of opportunities. Well, that's hard to determine. Believing Wall Street to be overvalued, he sold most of his stock holdings before the crash and made even more money by selling short, betting on stock prices to fall.2021-04-28, However, when they did, he returned a personal profit of $100 million and $700 million for his investors.2022-03-25. As Chief Executive Officer at HARROW HEALTH INC, Mark L. Baum made $2,483,296 in total compensation.Feb 9, 2022. How much does Michael Baum make? Jaap Buitendijk/Courtesy of Paramount . The cookie is used to store the user consent for the cookies in the category "Other. By February 2006, many of the savviest players on Wall Street had their eyes on Dr. Burrys big bet against the housing market. This happens around 2005, roughly two years before the housing market would start to collapse in 2007, culminating in the bankruptcy of Lehman Brothers in September 2008 depicted at the end of the film. Molly Ringwald Turned Down 'Pretty Woman' Due To An Early Script's Ick Factor, 11 Photos Of The 'Fatal Attraction' TV Cast Vs. Their 1987 Movie Counterparts, 10 Times Tom From 'Succession' Was Actually Mr. Darcy, Zendaya Explained An Awkward Part Of Her 'Dune' Romance With Timothe Chalamet, Get Even More From Bustle Sign Up For The Newsletter. The Big Short: How A Couple Of Twenty-Somethings Made A Fortune By However, when they did, he returned a personal profit of $100 million and $700 million for his investors. But they had a theory about financial markets that proved to be all too prescientand that would give them a powerful advantage as the subprime market spun itself into a more and more complex web. Long story short, because this is a long movie; the American economy collapsed, 5 trillion dollars was lost, eight million people lost their jobs, six million lost their homes, Jared Vennett made $47 million in commissions, Mark Baums team made $1 billion and Michael Burry made $100 million for himself and $700 2022-02-15, Genco and Zymeworks, which he sold in the second quarter of 2021, have slumped 45% and 67% each since March 31. . The firm uses a value-oriented, event-driven investing strategy. Long story short, because this is a long movie; the American economy collapsed, 5 trillion dollars was lost, eight million people lost their jobs, six million lost their homes, Jared Vennett made $47 million in commissions, Mark Baum's team made $1 billion and Michael Burry made $100 million for himself and $700 . He once said to an interviewer on this topic, "I forget myself sometimes. Your email address will not be published. Dec. 25, 2015. Many never emerged and were completely ruined. After this Steve Eisman joins FrontPoint Partner which is a unit of Morgan Stanley. There was major money to be made, but Cornwall was locked out of the opportunity. They were using the statistically irrelevant past to predict the unknowable future. Perhaps out of self-consciousness, he had trouble with interpersonal relations and thought of himself as something of a loner. So that they can short the bubble of the housing finance market. House prices fell by 15.9% in 2008, Nationwide said today - the biggest annual drop since the society began publishing its index in 1991. Mark Baum (Steve Eisman) still doesnt cut his deals. [4], In 2012, Eisman founded Emrys Partners with $23million in seed capital. Steve Eisman earned a reputation as a troublemaker at the convention. Steve Eisman, ever the cynic, held out the longest on his Big Short. Eisman did not believe it at first because how can such big banks and rating agencies make this mistake. Dr. Michael Burry is an American physician, computer scientist, value investor, and hedge fund manager. Save my name, email, and website in this browser for the next time I comment. Eventually, Burrys analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. The book and film provide a fascinating look at the housing market collapse, and they show how a few smart investors were able to make a fortune while everyone else lost money. Like this article? 1. https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-q4-stock-portfolio-cvs-bms-2022-2, https://en.wikipedia.org/wiki/John_Paulson, https://finty.com/us/net-worth/michael-burry/, https://www.vanityfair.com/news/2010/04/wall-street-excerpt-201004, https://seekingalpha.com/instablog/420242-no-guilt/57294-michael-burry-the-origins-of-the-cds-sub-prime-trade, https://www.history.com/news/great-depression-people-who-made-money, https://www.benzinga.com/general/entertainment/22/03/26051119/what-stocks-does-the-big-short-investor-michael-burry-own, https://wallmine.com/people/12364/mark-l-baum, https://www.historic-cornwall.org.uk/how-much-did-cornwall-capital-make-the-big-short/, https://markets.businessinsider.com/news/stocks/big-short-michael-burry-stock-market-sales-cathie-wood-ark-2022-1, https://movies.stackexchange.com/questions/111487/why-did-the-banks-sell-credit-default-swaps-to-michael-burry-in-the-big-short, https://budgeting.thenest.com/good-assets-own-depression-23838.html, https://hayleharbourauthority.co.uk/jukj5/how-much-money-did-mark-baum-make.html, https://en.wikipedia.org/wiki/Michael_Burry, https://www.independent.co.uk/money/michael-burry-big-short-investor-economy-b1956722.html. Required fields are marked *. Michael Burry came to know that many people are unable to pay their loan installments. The story of Cornwall Capital is chronicled in the book The Big Short, which was adapted into an Oscar-winning film. [9][10], After the Department of Education took action to strengthen a variety of consumer protection regulations in 2009-10,[12] the for-profit industry retaliated by accusing Eisman of attempting to illegally influence the government and calling for an investigation. His name was Lawrence Fields in the movie played by the actor Tracy Letts. Eisman is now a fund manager at Neuberger Berman in New York. News Group Newspapers Limited in England No. Wall Street, he saw, was awash in flattery, in which brokers, analysts, and customers told the financial class what it wanted to hear, even when it wasnt true. His political views began to shift too, as he started his transformation from a free-market, Reaganite Republican to a progressive, populist, almost socialist Democrat. Can You Design Your Garden Like The Royals? Michael Burray earns a return of 500% from the housing market collapse. In this, AIG suffered a loss of $ 99 billion. Long story short, because this is a long movie; the American economy collapsed, 5 trillion dollars was lost, eight million . Mark Baum The Big Short True Story of Steve Eisman Mark Baum Net Worth, Steve Eisman, Latest News, Mark Baum: The Big Short True Story of Steve Eisman| Mark Baum: Net Worth 2023. Michael Burry says he gets his strength to keep playing in the markets from his wife, Cassandra. His firms total return for 2000 to 2008 was 489.34%.2022-03-25, Treasury Bills, Notes and Bonds While stocks and mutual funds are bound to be a gamble during a depression, default-proof Treasury bills, Treasury notes and Treasury bonds may be a good investment. The men who predicted the 2008 financial crisis. ?, by David A. Kaplan, Fortune, 2 November 2010. I have 10 years of experience in finance sector, and on this blog I share my experience. Eleven people work for the company, which is either full-time or part-time. In the movie adaptation of Lewis' book, The Big Short, Eisman's name was changed to Mark Baum, and was portrayed by actor Steve Carell. Of course, he had simply copied Dr. Michael Burrys idea, but he presented it to Eisman as his own original strategy. What is his background in finance, and how did he profit from the 2008 financial crisis? The film stars Christian Bale, Steve Carell, Ryan Gosling and Brad . Your email address will not be published. It was considered the third largest personal loss in history. Politicians and regulators are to blame for the collapse of the housing market and the millions of Americans who lost their homes and jobs. Ben Hockett, Jamies neighbor in Berkeley, becomes their mentor and is a valuable resource when dealing with the financial market. He was unafraid of telling the truth about the underwhelming performances of the companies he was tasked with analyzingand telling it loudly. And 2012 start a new firm named Emrys Partners. But simply analyzing statements set him apart. The Big Short's Real People: Meet the Millionaire Traders He told Steve Eisman that the underlying loans in the bonds would start to go bad even if housing prices didnt fallall they needed to do was stop rising. Eisman was unhappy with his work in law. The man behind The Big Short Steve Eisman (Mark Baum). Originally an attorney, he switched gears relatively early in his career to become an analyst at Oppenheimer, a financial advisement firm. Spouse. This was more than just an investment for Steve Eisman: it was a moral crusade. And after some time Dr. Michael Bury discovered a new tool called Credit Default Swap (CDS). Their lowly status denied them the right to trade in the highly complex optionslike credit default swapsbeing sold through the quantitative trading desks at the big investment banks. Not only did Eisman and Emrys Partners make investments against for-profit schools, he also publicly spoke out against the system, calling it "subprime goes to college," according to the New York Post, and testifying at a Senate hearing on the subject. The characters of Jamie Shipley and Charlie Geller are based on Jamie Mai and Charlie Ledley. Which was later awarded the Oscar Award. Since the firms inception, its asset under management has decreased by 8%. Michael Burry gains about $100 million from this market crash. And, to Eismans disgust, Wing Chau was paid obscenely for doing nothing more than shuffling around stacks of useless debt. Who is Steve Eisman, of The Big Short fame? Ben Hockett is a former Deutsche Bank trader who left Wall Street behind to trade derivatives from his home in Berkeley Hills. He attended the University of Pennsylvania, graduating magna cum laude in 1984. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Steve Eismans Big Short (and the Morality of Investing). Because they saw that the triple-A bonds were just as vulnerable to collapse as the triple-B bonds, but the swaps against them werent priced that way. Greg Lippmann is a hedge fund manager and the former head of asset-backed securities trading at Deutsche Bank. In October 2008, Warren Buffett published an article in the New York TimesOp-Ed section declaring he was buying American stocks during the equity downfall brought on by the credit crisis. As Chief Executive Officer at HARROW HEALTH INC, Mark L. Baum made $2,483,296 in total compensation.Feb 9, 2022. Save my name, email, and website in this browser for the next time I comment. However, a small group of investors saw the opportunity to make a fortune by betting against the housing market. Dr. Michael Burry wore a glass eye to replace the one hed lost. 5 Top Investors Who Profited From the Global Financial Crisis. The American economy collapsed in 2008, killing five trillion dollars and costing eight million jobs, six million homes, Jared Vennett made $47 million in commissions, Mark Baum's team made $1 billion, and Michael Burry earned $100 million. https://www.fool.co.uk/2022/02/15/heres-what-michael-burry-has-been-buying-and-what-it-tells-me-about-the-stock-market/, https://www.nasdaq.com/articles/7-michael-burry-stocks-to-buy-as-the-big-short-investor-makes-moves, https://en.wikipedia.org/wiki/Michael_Burry, https://finmasters.com/michael-burry-investment-strategy/, https://finty.com/us/net-worth/michael-burry/, https://finmasters.com/michael-burry-invest-in-water/, https://k3towing.com/czuee/how-much-did-mark-baum-make-in-2008.html, https://www.benzinga.com/general/entertainment/22/03/26051119/what-stocks-does-the-big-short-investor-michael-burry-own, https://traderlife.co.uk/culture/films-tv/film-club-the-big-short-2015/, https://www.fool.com/investing/stock-market/market-sectors/consumer-staples/beverage-stocks/water-stocks/, https://en.wikipedia.org/wiki/The_Big_Short_(film), https://www.investopedia.com/articles/06/water.asp. How much did Michael Burry make from the 2008 crash? The film focuses on the collapse of the housing bubble in 2008. He saw these injustices even more acutely after his infant son, Max, passed away in a tragic accident (in the film, its the characters brother who passes away). Eisman grew up in New York City, where he attended Yeshiva schools. My name is Patricia Smithand Im an amateur historian with a passion for medieval affairs. Lippmann had Eisman meet a CDO manager named Wing Chau. How much did house prices drop in 2008 USA? Warren Buffett. Michael Burry Ben Hockett became Ben Rickert (played by Brad Pitt). The group, run by partners including Steve's parents, Elliott and Lillian Eisman, manages portfolios of stocks for wealthy clients. It was spending $2 million to make $100 million. What happens when you have 2 vision plans? How Much Did Jamie And Charlie Make? But who are Jared Vennett and Mark Baum? Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Then in 2005, Michael decided to short-sell the housing mortgage market, believing that housing prices would fall. Today the net worth of Mark Baum (Steve Eisman) is approx $19.4 million dollars. You may like this: The investor of future: Cathie Wood Stocks & Cathie Wood Net Worth. Rich Dad, Poor Dad: 6 Lessons for Financial Success, The Risk Parity Strategy: How to Reduce Risk, 6 Stock Market Rules for Independent Investors, How L. David Marquet Turned the Ship Around. The U.S. Department of Education later forgave over a half-million student loans linked to Corinthian programs. He is an American investor and businessman. Dr. Michael Burry cashed in his chips on August 31. Another time, Eisman crumpled up the financial statements of a Japanese real estate firm and told the CEO that they were toilet paper. With his often-unkempt appearance and unrestrained personality, he cut a unique figure among the smartly dressed and cautiously reserved Wall Street set. View our online Press Pack. They do not appear on a printed message. In 2011 he left FrontPoint Partners. And after which many small investment banks file bankruptcy. On Wall Street, they were still second-class citizens. With a few well-placed phone calls and some meetings, Hockett got Cornwall its ISDA (International Swaps and Derivatives Association) Master Agreement, giving them the right to buy credit default swaps from the likes of Greg Lippmann. He was able to double the size of his hedge fund to $1.5 billion from $700 million after the trade. Oppenheimer's anti-nepotism rules required his parents to pay the first year of his salary. But when they hired Ben Hockett, doors began to open. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Jared Vennett is played by Ryan Gosling in the Big Short, Steve Carell plays Mark Baum in The Big Short, Meet the men the Big Shorts Jared Vennett and Mark Baum are based on, Striking train drivers earning 60,000 accused of 'cultural vandalism' by 'targeting' Eurovision and FA Cup, One man dead and seven men and women injured as knifeman goes on bloody rampage near nightclub in Bodmin, Girl, 4, 'assaulted by drunk man' in Tesco as cops appeal to find hero who stepped in to help, Explosion rocks London street as flat above chicken shop blows up in suspected gas blast leaving three injured, Keir Starmer faces awkward questions in Commons over secret talks to poach Sue Gray, ISIS terror leader Abu Hussein al-Qurashi killed by Turkish 'intelligence operation' in Syria, Erdogan says, WHSmith shoppers stunned at eye-watering 15 price tag for a bag of Cadbury Mini Eggs - three weeks after Easter, Independent Press Standards Organisation (IPSO). Is The Bible in a Year podcast on Spotify? Charles Ledley and Jamie Mai established Cornwall Capital from a shed in Berkeley, California. They wait for the time, and that time has come. In an infamous conference call with shareholders, Morgan Stanley CEO John Mack revealed that he had zero understanding of what his bond department had been up to. Their long shot had paid off 80:1. Which characters? It was the biggest bankruptcy ever in the history of the world. How much did FrontPoint Partners make? - BIO-Answers.com He also sold out of positions in Lockheed Martin, NOW, and SCYNEX. He saw that bad things could happen to anyone, anywhere, without any warning. In the months leading up to the collapse, Cornwall Capital made a series of bets that the housing market would tank. and hold it down. The Big Short Book is written by Michael Lewis, the book was published on 15 March 2010. Steve Eisman is an investor best known for having shorted the housing market and profiting from the 2007-2008 financial crisis. What did Henry Paulson do during the financial crisis Only one person in the firm is in charge of looking for new clients and bringing them on board. He has also taken very big risks in his life to become his wealth. Between 2004 and 2007, Eisman, who is . Galactic Britain: How Cornwall County is turning into a European space giant. By early 2006, Cornwall had $30 million in the bank. And had recognized the poor condition of the market. TWO of the main characters in the film The Big Short are based on real people who saw the 2008 financial crisis coming. Who made the most money from the big short? Shortly after, Jared Vennett (Ryan Gosling), an employee of Deutsche Bank, learns of Michael Burys credit default swap (CDS) as he was holding a high position at the bank. UBS, Merrill Lynch, and soon-to-be-bankrupt Lehman Brothers fiercely competed with one another to buy what Hockett had to sell (worth $80 million by the close of business that day). As the actor said in an interview with Vulture, "I think he [Eisman] seems himself as a defender of justice and righteousness, while at the same time being conflicted." In real life, Mark Baum is Steve Eisman a man who emerged from the financial crisis of 2008 with millions in the bank. After which The Big Short Movie was released in September 2015. Steve Eisman has struggled a lot in his life. Towards the end of last year, Michael Burry opened new positions in Bristol-Myers Squibb, General Dynamics, Fidelity National Financial, and AEA-Bridges Impact Corp. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. And they decide to buy CDS in maximum quantity. Whatever happens, demand for the resource is increasing while the supply is limited. To him, the big investment banks were little more than criminal operations that had created a machine designed to prey off the hopes and dreams of ordinary Americans. The CEO and CIO of Cornwall Capital resigned, and Mai remained on staff. The character of Mark Baum is based on Steve Eisman. Michael Burrys main goal is to protect his downside so that he can prevent a permanent loss of capital. The estimated net worth of Michael Burry is $300 million. Steve Eisman is rich. After this the stock markets of the whole world crash. He had an apocalyptic streak and was hyper-attuned to the possibility of extreme events. Not only did Eisman stand to make lots of money, but he would do so at the expense of the Wing Chaus of the world. And dont panic in the face of adversity. When the housing market collapsed in 2008, few people understood the severity of the situation. For other inquiries, Contact Us. He's in the business of ruining the reputation of companies so he can make money when their stock prices drop."[9]. [15] CREW was later found to have been receiving payments from a founder of for-profit University of Phoenix. Ive traveled extensively throughout Europe and the Middle East to visit various sites and monuments related to the Middle Ages. His political views began to shift too, as he started his transformation from a free-market, Reaganite Republican to a progressive, populist, almost socialist Democrat. Two young, obscure start-up investors, however, heeded Lippmanns call and saw the opportunity of a lifetime staring them in the face. In 2006 he worked with investment company Cornwall Capital to short the housing market and profit from the 2007-2008 subprime mortgage crisis. For example, he sold Precision Drilling, Occidental Petroleum, and Ingles Markets in the second quarter of 2021.2022-01-26. He spent his childhood in New York City, USA. They agreed with Michael Burys analysis. This was also something he refused to disguise about himself, openly remarking, I dont have any particular allegiance to Deutsche Bank, I just work here. But his own comically obvious self-interest also made him a keen observer of everyone elses selfishness and greed. Through my travels Ive come to appreciate the diverse cultural, political and economic developments that defined this era. He saw through the phoniness of Wall Street decorum and noticed that everyone was exactly like him. He was a living representation of the dumb wealth that Eisman found so appalling. Steve Eisman publicly called this man out as a liar, claiming that the default rate in their portfolio of loans wouldnt be five percent (as the CEO claimed)it would be far higher, especially once the teaser rates on the loans expired and homeowners got hit with the higher payments on their adjustable-rate mortgages. And he knew the right people to get Cornwalls foot in the door. Your email address will not be published. Though Eisman started out strong, he failed to repeat the success he had in 2007 and quietly shut down the fund in 2014, when Eisman was managing a reported $185 million in assets. Burry later would observe that this caused him to see the world differently, both literally and figuratively. But for all his eccentricity as both a trader and an individual, Ben Hockett was a respected figure at the major banks. During a presentation at the 2010 Ira Sohn Conference Investment Research Conference, Eisman raised concerns about the for-profit education industry. Long story short, because this is a long movie; the American economy collapsed, 5 trillion dollars was lost, eight million people lost their jobs, six million lost their homes, Jared Vennett made $47 million in commissions, Mark Baum's team made $1 billion and Michael Burry made $100 million for himself and $700 Steve Eisman made a name for himself on Wall Street. Borrowers would be unable to refinance using their homes as collateral, which would, in turn, trigger a wave of defaults. (Lippmann didnt have the funds to execute the scheme on his own.) Greg Lippmann is a hedge fund manager and former head of asset-backed securities trading at Deutsche Bank. A hedge fund manager who sees the housing crash before it happens, Mark is angry at the system, but that anger doesn't stop him from betting against the banks and making a killing in the process. Well cover Steve Eismans background, his brash personality, and how he shorted the housing market. Depicted as Cynthia in The Big Short Movie. Mr. Baum owns over 125,000 units of Harrow Health stock worth over $12,050,158 and over the last 8 years he sold HROW stock worth over $219,135.Feb 9, 2022 Following the crash, co-founders Charlie Ledley and Jamie Mai established Cornwall Capital, an $80 million hedge fund that grew from a $110,000 investment into more than a hundred million dollars. And those people also get loans who do not have proof of income. How did Ledley and Mai make so much money? Mark Baum make a large chunk of money and feel absolutely disgusted by it." Jaap Buitendijk/Courtesy of Paramount Pictures hide caption. But what made Dr. Michael Burry so successful? When Morgan Stanley finally admitted defeat and exited the trade, they had lost a net $9 billion, the single largest trading loss in Wall Street history. Interview: Adam McKay And Michael Lewis On 'The Big Short' : NPR He said that Wall Street banks only failed when they became embroiled in criminal activities. They make a profit of 1 billion dollars from this market crash. In the film The Big Short, Steve Carell's character Mark Baum was based on Steve Eisman. Total losses on U.S. subprime-related assets would eventually top $1 trillion. Long story short, because this is a long movie; the American economy collapsed, 5 trillion dollars was lost, eight million people lost their jobs, six million lost their homes, Jared Vennett made $47 million in commissions, Mark Baum's team made $1 billion and Michael Burry made $100 million for himself and $700 . The allegations stem from a meeting that Eisman had with Department of Education officials David Bergeron and Robert Shireman, two weeks before delivering his speech at the Ira Sohn Conference. The Big Short has a broader focus than Margin Call and a more explicitly political perspective. At the age of two he lost his left eye to retinoblastoma and has had a prosthetic eye ever since. By the end of 2007, the bank lost over $37 billion through the subprime mortgage bond and related derivatives market. Eisman's passionate act rings true given Carell's assessment of Eisman. (Shortform note: Steve Eismans fund, FrontPoint, is believed to have more than doubled in value from $700 million to $1.5 billion through its bet against the housing market.). In 2002, he obtained sales documents from Home Finance Corporation that indicating that they were committing fraud and cheating their customers of billions of dollars. 4 How much money did Michael Burry make in the Big Short? (Lippmann didnt have the funds to execute the scheme on his own.) Cornwall Capital Management LP is a New York City-based hedge fund founded in 2002 by Joel Greenblatt and Robert Goldstein. Valerie Feigen (m. 1989) Steven Eisman ( / asmn /; born July 8, 1962) is an American businessman and investor known for having shorted collateralized debt obligations (CDOs), thereby profiting from the collapse of the US housing bubble in 2007-2008 . To inquire about a licence to reproduce material, visit our Syndication site. Learn why the real people who shorted the housing market are just as compelling as the characters based on them. It does not store any personal data. Eisman married in 1989, his wifes name is Valerie Feigen. Discipline Equals Freedom: What Does This Mean? And by buying more and more mortgages to immediately repackage and resell, CDO managers like Wing Chau directly contributed to the demand for these bonds and the subprime mortgages of which they were composed. He didnt have secret information or special technology that anyone else on Wall Street didnt have access to. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. Michael Burry's net worth - Finty