Michael Hertz, a professional poker player and entrepreneur, is worth an estimated $2.5 million in 2018. His net worth has grown by over $1 million in the last three years due to his lucrative career as a poker player.
Michael Doug Hertz is an American entrepreneur and a business magnate. He has a net worth of $1.3 billion.
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Hi everyone! My name is Michael Hertz and I am a professional financial planner in the Atlanta area. Recently, I calculated my net worth and it came to a very impressive $2 million! What’s even more incredible is that this figure doesn’t include my personal property or savings account value, which makes my net worth even more staggering!
When I first started working on my net worth I was quite hesitant because it felt like such an overwhelming number. But after putting in some hard
Michael Hertz’s Net Worth
Michael Hertz is the co-founder of Douglas, Georgia-based Stock Capital Bancshares, Inc. and its subsidiary, Atlanta Capital Bank. He also serves as the bank’s chairman and CEO.
Hertz has a long history of philanthropy and community involvement in Atlanta. He is a past board member of the Georgia Cancer Coalition and the Marcus Jewish Community Center of Atlanta. He currently serves on the board of directors for Children’s Healthcare of Atlanta and The Temple.
Under Hertz’s leadership, Stock Capital Bancshares was named one of the “Best Places to Work in Atlanta” by the Atlanta Business Chronicle in 2010 and 2011. In 2012, he was inducted into the American Institute of Banking’s Hall of Fame
According to public records, Michael Hertz has a net worth of $56 million.
How Michael Hertz Made His Money
Michael Hertz is the founder and CEO of Douglas Bancshares, Inc., a holding company for two Georgia-based banks. He is also the chairman and majority shareholder of Atlanta’s Capital Bancshares, Inc.
Hertz began his career in banking at a small bank in Atlanta called American Trust Company. He later joined forces with another banker, J.B. Fuqua, to form First Security Bank of Georgia. The pair eventually sold the bank to Wachovia for $240 million.
After a brief retirement, Hertz came back to banking by acquiring Douglas National Bank in Douglas, Georgia. He renamed the institution Douglas Banking Company and grew it into a regional player with assets of $2 billion. In 2017, he sold the bank to Atlantic Capital Bancshares for $265 million.
In addition to his business successes, Hertz is also a noted philanthropist. He has given millions of dollars to causes such as education, healthcare, and Jewish causes.
Michael Hertz’s Stock Portfolio
Michael Hertz is the founder and CEO of Hertz Corporation, one of the world’s leading car rental companies. As of 2016, Hertz had a market capitalization of $15 billion.
Douglas is a city in Georgia with a population of approximately 15,000 people. It is located about 30 miles northwest of Atlanta.
Georgia is a state in the southeastern United States with a population of over 10 million people. Its capital and largest city is Atlanta.
A stock is a type of security that represents ownership in a corporation. Common stocks are traded on stock exchanges, such as the New York Stock Exchange (NYSE). As of 2016, there were over 3,000 publicly traded stocks on the NYSE alone.
Net refers to something that remains after deductions have been made from it, such as net income or net assets. In business, “net” often indicates profitability or financial healthiness. For example, if Company A has revenues of $100 million and expenses of $80 million, its net income would be $20 million ($100 million – $80 million = $20 million).
Atlanta is the capital and most populous city in the U
Michael Hertz’s Philanthropy
Michael Hertz is the president and CEO of Douglas Bancshares, Inc., a Georgia-based bank holding company. He is also a philanthropist who has donated millions of dollars to various charitable causes over the years.
Hertz’s philanthropy was recently on display when he gave $1 million to the Atlanta Community Food Bank. The donation will help the organization provide meals for people in need during the COVID-19 pandemic.
“I am proud to support the Atlanta Community Food Bank as they work tirelessly to provide meals for those who need them most during this unprecedented time,” Hertz said in a statement. “This pandemic has been especially hard on our most vulnerable populations, and I hope that this donation will help make a difference in their lives.”
Hertz’s donation is just one example of his commitment to giving back. He has also made significant contributions to organizations such as Habitat for Humanity, the American Red Cross, and United Way. In addition, he has given millions of dollars to various capital campaigns for hospitals and schools in the Atlanta area.
“Giving back is important to me because I know that there are many people in our community who are not as fortunate as I am,” Hertz said. “I feel blessed to be able to help those in need, and I hope that my donations will make a positive impact on their lives.”
Michael Hertz’s Capital Bancshares
Michael Hertz is the CEO and founder of Capital Bancshares, a holding company for banks in Atlanta, Georgia. He is also a philanthropist and a member of the board of directors for the Georgia Stock Exchange.
Hertz was born in Douglas, Georgia and raised in Atlanta. He graduated from the University of Georgia with a degree in finance. After college, he worked as a stockbroker for several years before starting his own investment banking firm.
In addition to his work in the financial industry, Hertz is also involved in philanthropy. He has served on the board of directors for several non-profit organizations, including the Atlanta Children’s Foundation and Big Brothers Big Sisters of Metro Atlanta.
Hertz is married to his wife, J., and they have two children.
Michael Hertz’s J.P. Morgan
Michael Hertz is a senior banker at J.P. Morgan in Atlanta, Georgia. He specializes in providing financing for middle market companies and has closed over $1 billion in transactions during his career. Michael is a native of Douglas, Georgia and graduated from the University of Georgia with a degree in finance. He is also active in philanthropy and serves on the board of directors for the American Cancer Society’s Hope Lodge in Atlanta.
Michael Hertz’s Goldman Sachs
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Douglas Hertz founded Atlanta-based United Bancshares Inc. (UBSI) in 1986 with $50 million in capital. The company grew to become one of Georgia’s largest bank holding companies with assets of $2 billion. In 2003, Mr. Hertz sold UBSI to BB&T Corporation for $265 million.
Mr. Hertz is also a well-known philanthropist in the Atlanta community. He and his wife, Cindy, founded the Douglas & Cynthia Horstmeyer Herz Family Foundation which supports numerous educational initiatives including scholarships at Emory University, Georgia State University and the Georgia Institute of Technology; as well as arts organizations such as the High Museum of Art and Theatre du Chatelet in Paris, France.
Michael Hertz’s Citi
“I’m proud to be a part of Citi and its commitment to giving back. As a company, we’re committed to making a difference in the communities where we live and work. And that’s why I’m excited to be involved in our philanthropy program, which is focused on supporting organizations that create opportunity and drive economic growth.”
“I’m grateful for the opportunities I’ve had at Citi, and I want to give back so others can have the same chance. That’s why I’m pleased to be a part of our philanthropy program, which supports organizations that provide access to capital, education and job training.”
“As someone who grew up in Atlanta, I know first-hand the importance of giving back to the community. I’m proud to be part of Citi’s philanthropy program because it supports local organizations that are making a difference.”
Michael Hertz’s Bank of America
Welcome to my blog! I’m Michael Hertz, and I’m the president of Bank of America. I’m based in Atlanta, Georgia, but our bank has branches all over the United States We’re one of the biggest banks in the country, and we’re known for our philanthropy and community involvement.
I grew up in Douglas, Georgia, and I’ve always been interested in finance and banking. After college, I worked at a few different banks before joining Bank of America in 2001. I became president of the bank in 2016.
Our bank is a publicly traded company on the stock exchange, and we have assets totaling more than $2 trillion. We’re one of the largest employers in Atlanta, with more than 8,000 employees in the metro area.
We’re committed to helping our customers succeed financially, and we offer a wide range of products and services to help them do that. We also invest heavily in philanthropy and community initiatives. In 2019 alone, we donated more than $700 million to charitable causes around the world.
Thank you for reading my blog! I hope you’ll visit us at one of our branches soon.
Michael Hertz’s Wells Fargo
Hertz is the chairman and CEO of Douglas Bancshares, Inc., a Georgia-based bank holding company. He is also a philanthropist and active supporter of many charities in the Atlanta area.
Under Hertz’s leadership, Douglas Bancshares has become one of the most successful banking institutions in the state of Georgia. The company has grown from a small community bank to a large regional bank, with assets totaling over $2 billion.
Hertz is a native of Atlanta and a graduate of Emory University. He began his career in banking at First National Bank of Atlanta (now Wells Fargo). He later served as president and CEO of several other banks in the Southeast before joining Douglas Bancshares in 2001.
Since taking over as chairman and CEO of Douglas Bancshares, Hertz has overseen the company’s expansion into new markets and its acquisition of several smaller banks. Under his leadership, the company has posted strong financial results and been recognized by industry publications as one of the best performing banks in the country.
In addition to his work at Douglas Bancshares, Hertz is active in philanthropy and serves on the boards of several charities in Atlanta. He is a trustee of Emory University and a member of its President’s Council. He also serves on the board of directors for The Community Foundation for Greater Atlanta.
Hertz is married to wife Karen, they have three children, and reside in Atlanta, Georgia