Steve Feinberg

Stephen Andrew Feinberg (born March 29, 1960) is an American businessman and investor active in hedge fund management and private equity. He is the co-founder and Chief Executive Officer (CEO) of Cerberus Capital Management. As of March 2019, his net worth is US$1.5 billion. In 2017 Cerberus also owned DynCorp, which is a major national security contractor with the US government, charging billions for overseas military and police training. On May 11, 2018, U.S. President Donald Trump named Feinberg to head the President's Intelligence Advisory Board. Early life and education Feinberg was born to a Jewish family and raised in The Bronx, New York. When aged eight, his family moved to Spring Valley, New York, a suburb of New York City. His father was a steel salesman. He graduated with an A.B. in politics from Princeton University in 1982 after completing a 94-page long senior thesis titled "The Politics of Prostitution and Drug Legalization." While a student at Princeton, Feinberg captained the tennis team and joined the Reserve Officers' Training Corps. Professional career After graduating from college, Feinberg worked as a trader at Drexel Burnham in 1982 and later at Gruntal & Co. In 1992, at the age of 32, Feinberg co-founded Cerberus Capital Management with William L. Richter. At the time the firm had $10 million under management; its assets under management have since grown to over $30 billion in 2016. In 1999, the firm hired former vice president Dan Quayle as a chairman of Cerberus Global Investment. In 2006, the firm hired former United States Secretary of the Treasury John Snow, who serves as a chairman of Cerberus.