Who comes to your mind when you hear about Barclays bank CEOs? Well, it has to be Bob Diamond. Although he was a long-term employee at Barclays bank, Bob Diamond rose to popularity when he was selected as the CEO in 2011. As he likes to describe it, he brought massive transformation to the Barclays bank, making it among the top best investment banks in the world.
However, despite his success, Diamond could not escape a controversial scandal. The scandal led him to resign as the CEO of Barclays bank after serving for a short period. Did this stop his success? Does he have a family? Is he successful even after leaving Barclays bank? To know more about this tremendous former Barclays bank CEO, we need to dig deeper and understand who he is, how he became a well-renowned banking and finance professional and what he is up to currently. In this article, we will discuss Bob Diamond, including; his career, lifestyle, family, awards, achievements, and how much he is now worth.
Bob Diamond Net worth
As of 2022, Diamond’s net worth is around 95 million Euros. His wealth is generated from his banking salaries, investments, real estate holdings, and other assets. Despite his controversial past, Diamond has remained a successful businessman and maintained wealth through various ventures.
Bob Diamond Biography
| Real name | Robert Edwin Diamond Jr. |
| Gender | Male |
| Date of Birth | July 27, 1951 |
| Current Age | 71 years |
| Birth Place | Concord, Massachusetts, USA |
| Nationality | British-American |
| Height | Not publicly known |
| Weight | Not publicly known |
| Marital Status | Married |
| Children | 3 |
| Profession | Banking and Finance |
| Net worth | Estimated to be 95 million Euros |
Bob Diamond is famously known as a British-American banker and businessman. Born in 1951 in Massachusetts, he received a Bachelor’s degree in economics from Colby College and later Masters from Claremont Graduate University. Mr Diamond worked for several investment banks throughout his career, including Morgan Stanley and Credit Suisse, before becoming the CEO of Barclays Bank in 2011.
During his time as CEO, Diamond was recognized for his strong personality and aggression in business. Hence, he was highly credited with turning Barclays into one of the most profitable banks in the world at that time. However, he was also criticized for his role in the 2012 Libor scandal, where Barclays was found to have manipulated global interest rates. As a result of the scandal, Diamond resigned as CEO in 2012 and left the bank.
In addition to his banking career, Diamond has also been involved in various philanthropic and charitable endeavours. He founded Atlas Mara Group, an investment company focused on building financial institutions in Africa, and he serves on the National Bureau of Economic Research board of directors. Throughout his career, he has managed to accumulate a net worth of 95 million Euros.
Bob Diamond is a married man to Jennifer Creel Diamond and together are blessed with three children.
Bob Diamond Career
Bob Diamond began his career at Chemical Bank in the 1980s, where he worked as managing director of the bank’s New York office.
In 1996, he joined Credit Suisse First Boston as the head of its fixed-income division, where he was credited with turning the division into a highly profitable unit. He then joined Barclays bank around 1997 as head of the bank’s investment banking division. His major role was to expand the bank’s presence in the global financial markets, and he excelled in it.
Following his successful performance as the bank’s investment banking division, in 2011, Diamond was promoted to CEO of Barclays, a position he held until 2012 when he resigned amid the LIBOR scandal that engulfed the bank. After leaving Barclays, Diamond founded Atlas Merchant Capital, a private investment firm focused on financial services and infrastructure.
In addition to his career in banking, Diamond also served on various boards and committees, including the International Advisory Council of the Shanghai Stock Exchange and the Advisory Board of the International Institute for Finance.
Achievements
- Bob Diamond has had a successful career in the financial industry, becoming the CEO of Barclays Bank from 2011 to 2012.
- He has served as the CEO of Atlas Mara, a financial services company focused on emerging markets, from 2013 to 2019.
- He is recognized for his philanthropic efforts, including being named a “Champion of Global Change” by the World Economic Forum in 2017 for his work promoting African economic development.
- Diamond has also served on the board of directors for several major companies, including The New York Times Company and The Boston Consulting Group.
- He acquired an honorary degree from the University of York in 2013
- He acquired an honorary degree from the University of Bristol in 2014
Awards
Diamond has received numerous awards and accolades for his leadership and contributions to the financial industry, including;
- Was awarded Banker of the Year by the Financial Times in 2010.
- Named as the CEO of the Year by the Financial Times in 2010
- Inducted into the British Bankers Association Hall of Fame in 2013
- Named Banking CEO of the Year by Euro money magazine in 2013
- Named Banking CEO of the Year by The Banker magazine in 2014
Bob Diamond’s Income details
Bob Diamond is an investment banker and businessman who was previously the CEO of Barclays Bank. He is estimated to have a net worth of around Euros 95 million.
His major source of income was his salary and bonuses as CEO of Barclays Bank. He was reportedly one of the highest-paid bank CEOs in the world, with a salary of 17 million, plus 5 million pay in tax.
In addition to his salary, Diamond also earned income from his various business ventures, including investments in real estate and other companies. He also earned income from speaking engagements and consulting work.
Bob Diamond’s lifestyle
Regarding lifestyle, Bob Diamond is known to be a very successful businessman and has built a comfortable life for himself and his family. He enjoys luxury and has owned several properties, including a penthouse in New York City and a vacation home in the Hamptons. He also enjoys travelling and has been spotted on vacation in various locations worldwide. Being the private man he is, there needs to be more information on the number or type of cars he owns.
Bob Diamond’s Family – Wife, kids, and parents
Bob Diamond is married to Jennifer Diamond (Jennifer Creel). They have been married since 1989 and have three children together two daughters and a son.
Bob Diamond is known to be very private about his family life and has not shared much about it in the public eye. However, it is known that he and his wife, Jennifer are very close and have a strong marriage. They have been together for more than 30 years and raised their three children in New York City.
Despite his busy schedule, Bob Diamond tries to prioritize his family and spend quality time with them. Bob Diamond has had a strong, close, and happy family life with his wife, Jennifer, and their three children.
FAQ
Where does Bob Diamond live?
Bob Diamond currently lives in London, England with his family. He purchased a historic home located near the Prime Minister’s residence at 10 Downing Street in 2012. The property was once owned by Sir Charles Clore, an investment banker and philanthropist who died in 1979.
Who is Bob Diamond?
Bob Diamond is an American businessman and former CEO of Barclays plc, a multinational banking and financial services company based in London. He was one of the most prominent figures in British banking before his resignation from Barclays due to controversy over interest rate manipulation by the bank during his tenure.
Who replaced Bob Diamond?
In July 2012, Bob Diamond was replaced by Antony Jenkins as the Chief Executive of Barclays. In his capacity as CEO, Jenkins has made a number of changes in order to improve corporate governance and ethical standards within the bank.
