Who is Bruce Sherman?
Bruce Sherman is the co-founder of wealth management company Private Capital Management.
Private Capital Management
Private Capital Management was the largest independent money management firm in the Southeastern U.S. Bruce launched PCM in 1986 and sold the firm to Legg Mason in 2001 for USD 1,3 billion.
After the sale he remained CEO and led the firm to a prestigious #1 ranking as “the World’s Best Money Managers” .
Successful acquisitions include the Local Financial Corporation, a bank in Oklahoma that was acquired for USD 26 million in 1989 and sold for USD 160 million in 1997.
Sherman made wise investments in Qualcomm before its stock soared 2,000 percent in the late 1990s and Apple in which he invested before the iPod, iPhone and Ipad made the company successful again.
In 2004 Sherman managed more than USD 30 billion in assets. After retiring as CEO in 2009, he became Chairman and Chief Executive Officer of M4 Capital.
In August 2017 Bruce Sherman and Derek Jeter purchased the Miami Marlins baseball team for US$ 1.2 billion.
Derek Jeter is a former professional baseball shortstop. After his retirement, Jeter began to pursue business interests, including publishing.
Bruce Sherman Net Worth
His net worth is estimated at more than $500 million. Bruce Sherman is a family member of Judge Judy.
Bruce and his wife Cynthia are the founders of the Bruce and Cynthia Sherman Charitable Foundation.
The foundation supports a variety of charitable and philanthropic causes, including childhood development, advanced medical research and education, and the performing and visual arts. The annual Sherman Prize honors exceptional and pioneering achievements in Crohn’s disease and ulcerative colitis.
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