Summary: Andrew Frankel is a well-known businessman and car enthusiast. He is the co-president of Stuart Frankel & Co., an institutional trading firm, and has a net worth of $80 million. In this article, we will discuss his sources of income, personal life, philanthropy, and more.
1. Co-president of Stuart Frankel & Co.
Andrew Frankel is the co-president of Stuart Frankel & Co., an institutional trading firm based in New York City. The company was founded by his father, Stuart Frankel, in 1973. Andrew joined the firm in 1993 and has been running it alongside his brother, Peter Frankel, for several years. His role at the firm involves overseeing the trading desk and managing client relationships.
Under Andrew’s leadership, the firm has seen significant growth and success. In 2019, the firm was ranked #1 in the Barron’s annual list of Best Online Brokers. The company has also expanded to include a venture capital arm that invests in innovative startups.
Andrew’s salary as co-president of Stuart Frankel & Co. is not disclosed publicly, but it is estimated to be a significant portion of his net worth.
2. Car Enthusiast
In addition to his career in finance, Andrew Frankel is also a car enthusiast. He is a regular contributor to Road & Track magazine and has written numerous articles about his experiences driving different cars. He owns several high-performance sports cars, including a Porsche 911 GT3 RS, a McLaren 570S, and a Ferrari F430.
Andrew has also participated in various automotive races and events. He has competed in the Goodwood Festival of Speed, the Porsche Club of America’s national race, and the Ferrari Challenge series. His passion for cars has made him a well-known figure in the automotive industry, and he is often invited to speak at automotive conferences and events.
Andrew’s involvement in the automotive industry has not directly contributed to his net worth, but it has allowed him to develop connections and relationships that have helped him in his career as a businessman.
3. Philanthropy
Andrew Frankel is actively involved in several philanthropic causes. He and his wife, Bridget Moynahan, support various organizations that focus on education, healthcare, and environmental issues. They have donated to the Innocence Project, a non-profit organization that works to exonerate wrongly convicted individuals through DNA testing. They have also supported City Harvest, a food rescue organization that helps feed New York City’s hungry.
In addition to their monetary donations, Andrew and Bridget are also involved in raising awareness for various causes. They have participated in charity runs, bike rides, and other events to support organizations they believe in.
Andrew’s philanthropic efforts have not only benefited the causes he supports but have also helped him establish himself as a respected member of the community.
4. Personal Life
Andrew Frankel was born on August 20, 1974, in Philadelphia, Pennsylvania. He grew up in a family of four children and was raised in a Jewish household. He graduated from the University of Pennsylvania’s Wharton School with a degree in economics.
Andrew married actress Bridget Moynahan in 2015. The couple met through mutual friends and began dating in 2014. They have kept their relationship relatively private, but occasionally share glimpses of their life together on social media. They reside in New York City with Bridget’s son from a previous relationship, John Edward Thomas Moynahan.
Andrew’s personal life has not been without controversy. In 2012, he was sued by a former employee who accused him of discrimination based on her gender and pregnancy status. The lawsuit was eventually settled out of court.
5. Net Worth
Andrew Frankel’s net worth is estimated to be $80 million. His primary source of income is his role as co-president of Stuart Frankel & Co., but his car collection and personal investments have also contributed to his wealth.
Andrew’s net worth is expected to continue to grow in the coming years. Stuart Frankel & Co. has seen significant growth in recent years and is continually expanding its services. Andrew’s involvement in the automotive industry may also open up new opportunities for investment and business ventures.
Conclusion:
Andrew Frankel’s net worth of $80 million reflects his successful career in finance and his passion for cars. As co-president of Stuart Frankel & Co., he has overseen the firm’s growth and expansion, while his involvement in the automotive industry has made him a respected figure among car enthusiasts. He is also actively involved in philanthropic causes, supporting organizations that focus on education, healthcare, and environmental issues. Andrew’s personal life has not been without controversy, but he has managed to maintain a relatively low profile. With his net worth expected to continue to grow, it is clear that Andrew Frankel is a businessman to watch.