Michael Grimes has become a successful businessman and investor through his strategic decision-making and investment banking skills, amassing an immense fortune through them.
Michael Grimes net worth has been estimated at between $1 and $5 Million dollars. As a famous celebrity banker he amassed his fortune through hard work.
Early Life and Education
Grimes attended Polytechnic School in Pasadena before going on to graduate with degrees in electrical engineering and computer science from University of California Berkeley. Subsequently, he worked as both communications systems engineer at Hughes Aircraft Company and information systems engineer at Pacific Bell.
Grimes began his playing career at Michigan, earning all-conference honors twice during that time. Although selected in the 20th round of MLB amateur draft by San Diego Padres for consideration in 1986 MLB amateur draft, he chose instead to continue studying under full athletic scholarship at Michigan.
Prosecutors painted Grimes as a vindictive shakedown artist who demanded kickbacks from vendors who provided UAW merchandise with union-branded branding, penalizing those who refused. Grimes must sell his home and forfeit the boats; additionally he must make payments of $1500 monthly until his $1.5 million judgment has been satisfied.
Michael Grimes Insurance provides Individual Healthcare insurance such as Dental/Vision, Accident, GAP coverage and Wealth Strategies that use life insurance as a financial tool. Mike also serves small business owners by offering Small Group Benefits such as Dental/Vision/Accident/GAP as well as Employee Wellness programs.
Grimes began his career at Salomon Brothers (now part of Citigroup) and Bear Stearns before joining Morgan Stanley in 1995, where he played an instrumental role in rebuilding their West Coast technology investment banking practice. Over his career spanning 25 years he advised on hundreds of technology transactions ranging from initial public offerings (IPOs) to mergers and acquisitions (M&A).
At his bank, Grimes earned a reputation for being a tough financier who would aggressively vie for his share and sometimes squeeze out rivals, according to two financiers. His connections in Silicon Valley allowed him to successfully navigate offerings from several high-profile tech companies like LinkedIn, Zynga and Groupon.
Achievement and Honors
Michael Grimes is an renowned businessman who has amassed an immense fortune thanks to smart investments and donations to various causes. As well as being successful financially, Michael Grimes is also known for being an avid philanthropist and has given back immensely over time.
Attributed numerous awards for his exceptional work and contribution to the financial industry. AlwaysOn named him to their “Power List” of technology dealmakers; Institutional Investor included him on their November 2006 “40 Under 40” list as an investment banker who is leading Wall Street into its future.
Grimes is known for his professional accomplishments but prefers to keep his personal life private. He has his own family whom he enjoys spending time with during leisure activities; additionally he is an avid follower of sports.
As a hobby, he enjoys playing bass and has collaborated with musicians such as Bobby Shew, Karl Denson & the Tiny Universe, as well as members of Calexico and Giant Sand. Additionally, he shares this love of music with his wife and daughter.
Michael Grimes has long been one of the premier tech banking experts at Morgan Stanley and his team is well known for financing technology IPOs, competing directly against Goldman Sachs’ far smaller private fundraising arm.
Michael Grimes, the firm’s lead Internet banker, moonlights for Uber as an Uber driver to earn some extra income on the side. This side gig may have helped secure him a role on one of the largest stock-market debuts ever witnessed.
Michael Grimes is a well-recognized and extremely wealthy banker with an estimated net worth between $1 Million – $5 Million.
Michael David Grimes is the Head of Global Technology Investment Banking at Morgan Stanley. A renowned technology dealmaker, Michael has played an instrumental role in numerous high-profile technology IPOs and M&A transactions such as Google, Facebook, Spotify, and Workday.
He has led several significant equity capital markets transactions for companies like Atheros, Bigband, Cymer, Rambus, @Home Networks Brocade Seagate Technology and Optium. His work has been recognized in publications like AlwaysOn’s Power List Institutional Investor 40 Under 40 Rainmakers Dealmaker magazine Top 50 Rainmakers as well as Being a Chartered Financial Analyst living in Fort Myers Florida