Who is the Wall Street’s secret billionaire investor?

October 01, 2021 12:55 PM AEST | By Samta

Who is the Wall Street’s secret billionaire investor? — Image source: Portrait Image Asia, Shutterstock.com

What is Ramzi Musallam’s net worth?

As of now, Ramzi Musallam’s net worth is estimated around US$4 billion, that is good enough to make a debut appearance in 2021’s Forbes 400.

How did Musallam achieve this success?

It all started when Ramzi’s boss – Robert McKeon, at 58, died by suicide in his Southern Connecticut mansion. He knew that Robert was struggling with his mental health, but never expected he would take his own life.

After Robert’s death, Musallam returned to the office to devise a plan to save Veritas Capital from collapsing, which was founded by Robert in 1992.

The morning after Robert’s suicide, Ramzi began holding emergency meetings with Verita’s investors and with many hardships, Veritas achieved a stunning Wall Street success.

Ramzi’s formula worked with Veritas’ listing in January, as the private equity industry’s fourth best performing company. Veritas has been closely followed by HEC-Dow Jones ranking, ahead of big firms like Vista, Equity Partner and Clayton, with a performance score of 1.65.

He produced his portfolio by majorly focusing on those technology companies which operate in the sectors dominated by the US federal government, and particularly defense, education, and healthcare.

While many big firms try to avoid these government dominated sectors, Musallam’s strategy articulate on understanding the next move of the most influential player in the global economy worked wonders.

Musallam said that as government is at the forefront of all the complexities, Musallam and the firm maintain a proximity to the government. These government-influenced markets are close to government’s point of view towards understanding, he said.

Despite his achievements, Musallam avoids publicity as he rarely speaks to the press. He is one of those few financiers who have top government security balance.

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