| Name: | Bruce Sherman |
| Net Worth: | $ 500 million |
| Source of Wealth: | M4 Capital |
| Born: | May 1948 |
| Age: | |
| Country: | USA |
| Wife: | Cynthia Sherman |
| Children: | Lori Shaer; Randi Stanley |
| Residence: | Naples, Florida |
| Private Jet: | Pls send a message if you have info |
| Yacht | Majestic |
Bruce Sherman, a renowned name in the world of finance and philanthropy, is the co-founder of the highly successful wealth management company Private Capital Management (PCM). His name is synonymous with wise investments and considerable charitable contributions.
Key Takeaways:
Co-founded by Sherman, Private Capital Management grew to be the largest independent money management firm in the Southeastern United States. Initiated in 1986, PCM flourished under Sherman’s leadership and was eventually sold to Legg Mason in 2001 for a whopping USD 1.3 billion. Despite the sale, Sherman continued to spearhead the firm as the CEO, leading PCM to the esteemed title of “the World’s Best Money Managers.”
Sherman’s business acumen is best illustrated by his successful acquisitions and investments. One notable example is the acquisition of the Local Financial Corporation, an Oklahoma bank. Purchased for USD 26 million in 1989, it was later sold for an impressive USD 160 million in 1997.
Moreover, Sherman demonstrated his investment prowess through his early support for tech giants such as Qualcomm and Apple, securing stakes before their stocks soared exponentially, which significantly bolstered his financial portfolio.
By 2004, under Sherman’s stewardship, PCM was managing over USD 30 billion in assets. Following his retirement as CEO in 2009, Sherman took on the role of Chairman and Chief Executive Officer of M4 Capital, once again demonstrating his capacity for guiding large investment entities.
In August 2017, Sherman took his successful financial career in a new direction. Alongside Derek Jeter, a former professional baseball shortstop turned business enthusiast, he purchased the Miami Marlins baseball team for USD 1.2 billion. This acquisition marked a significant step into the world of sports for Sherman.
Bruce Sherman’s keen investment strategy and the consistent growth of his ventures have earned him an estimated net worth exceeding $500 million. His financial success and influence have further solidified his place among top business leaders.
Beyond his business endeavors, Bruce and his wife Cynthia are dedicated philanthropists, founding the Bruce and Cynthia Sherman Charitable Foundation. This foundation supports various charitable causes, ranging from childhood development to advanced medical research, education, and the performing and visual arts. One of the foundation’s key initiatives is the annual Sherman Prize, which celebrates outstanding contributions in the field of Crohn’s disease and ulcerative colitis research.
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Bruce and his wife Cynthia live in a large penthouse in Naples, Florida. It’s the same building where also billionaire Shahid Khan lives.
Nestled on the Gulf of Mexico in southwest Florida, Naples is a vibrant city renowned for its high-end shopping, world-class culture, and sophisticated dining. Famed for its pristine white sandy beaches and calm turquoise waters, the city serves as an idyllic seaside retreat. As a gateway to the Everglades and Ten Thousand Islands, Naples offers ample opportunities for outdoor adventures such as boating, fishing, and bird watching.
Golf enthusiasts will also find their haven here, with Naples being considered the ‘Golf Capital of the World’ due to its more than 80 championship golf courses. The city’s historic downtown, with its picturesque Fifth Avenue South, is adorned with a mix of chic boutiques, gourmet restaurants, and art galleries. For art lovers, the Baker Museum and the Naples Philharmonic offer a cultural feast. The iconic Naples Pier, extending into the Gulf, is a favorite spot for sunset watching and fishing.
The city also hosts various annual events, including the Naples International Film Festival and the Naples Winter Wine Festival. Notably, Naples is one of the wealthiest cities in the United States, with the sixth-highest per capita income and the second-highest proportion of millionaires per capita in America. Yet, beneath its luxurious facade, Naples maintains a relaxed, laid-back charm that captivates both residents and visitors alike.
He is the owner of the Feadship motor yacht Majestic, which he bought from Nancy Walton.
The Majestic yacht was initially constructed by Feadship for Nancy Walton Laurie, who sold it to Bruce Sherman for $69 million in 2010.
The sale led to a legal dispute when the broker involved claimed USD 4.8 million in lost commissions.
Nancy Walton Laurie ordered a new 82-meter yacht, also named Secret, from Abeking & Rasmussen in 2013.
And she now owns the amazing KAOS Yacht.
The Majestic yacht can accommodate 14 guests and a crew of 16, reaching a top speed of 16 knots and a cruising speed of 12 knots.
Do you have information about a business jet owned by Mr. Sherman? Please do send us a message.
Yacht Owners Database 2024
