In the New York finance circles, Anthony Scaramucci was well known among his peers for the relative success during his time at Goldman Sachs. He established his very own investment firm, Skybridge Capital II LLC, which he later sold before his involvement in Trump’s White House. His impact in the financial sector earned him the Ernst & Young Entrepreneur of the Year Award in New York, under the Financial Services Category.
The entrepreneur and investment banker later went ahead to become a household name in America following his short spell as the White House Director of Communications. During his time in that politically appointed position, he lasted for 11 days, from July 21 to July 31, 2017.
His Career Endeavor Before The White House
The prominent financier was born to a family of Italian ancestry in Long Island, New York, on the 6th of January, 1964. His father was a construction officer named Alexander Scaramucci while his mother is Marie DeFeo Scaramucci. He has two siblings, David and Susan. Anthony Scaramucci attended Paul D. Schreiber Senior High School in Port Washington, where he occupied the position of student council president. He then went on to earn a Bachelor of Arts degree in Economics from Tufts University before enrolling at Harvard University, where he got his Juris Doctor degree.
Soon after he graduated from Harvard, Scaramucci got a job in the investment banking division at Goldman Sachs in 1989. He was, however, laid off in the following year. But as things would pan out, he got rehired two months later, although to the company’s Equities division. In 1996, Anthony Scaramucci left Goldman Sachs to co-found Oscar Capital Management with his associate, Andrew Borchardt. By 2001, Neuberger Berman bought Oscar Capital, which was later sold to Lehman Brothers two years later.
Despite all the changes in ownership, Scaramucci maintained a prominent position in the company, serving as its managing director. In 2005, the investment banker went ahead to establish a global alternative investment company called Skybridge Capital. He remained the owner of the company for about 12 years before selling it off to Ron Translatlantic EG and HNA Capital (U.S.) Holding. As a result of this, he relinquished his co-managerial position.
To further broaden his horizon, Scaramucci moved to have a career in television as he was made the host of the TV show Wall Street Week. He also further made regular guest appearances on Fox Business Network and Fox News Channel. In addition to those endeavors, he began writing, authoring multiple books like Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul (2010).
Why Exactly Did Trump Fire Anthony Scaramucci?
To understand why he spent just 11 days on the job, it would be important to understand the dynamics behind his appointment in the first place. After working on President Trump’s transition team, many close to the President expected him to have a role in Trump’s White House. As the days progressed, he was touted to fill the role of director for the Office of Public Liaison, when that did not materialize, he was under consideration for the job of ambassador to the Organisation for Economic Co-operation and Development. After much internal wrangling, he was announced as White House Communications Director.
As part of the ripple effect of his appointment, Former Press Secretary and Communications Director, Sean Spicer, resigned on the same day Scaramucci was appointed; Spicer was vehemently opposed to Scaramucci’s appointment. Another issue that didn’t sit well with most people was that Scaramucci was asked by the President to report directly to him instead of White House Chief of Staff Reince Priebus who also opposed his appointment.
After details of the President’s itinerary was leaked to journalists, Scaramucci went on a tirade seeking to fish out the leakers in the White House. He threatened to fire the entire communications staff over the leaks and indirectly accused the Chief of Staff of being behind the leaks. On the 28th of July, Priebus resigned as Chief of staff. With Priebus out of the White House, one would have thought Scaramucci’s troubles were over.
The next day, retired General John F. Kelly was announced as Trump’s new Chief of staff. Part of his first recommendation was to insist the President sack Scaramucci to allow him to clean up the mess around the White House. Kelly saw Scaramucci as too much of a loose cannon who had gotten into the news for all the wrong reasons in so short a time. On July 31, 2017, President Trump relieved Scaramucci from his role as Communications Director. He lasted just 11 days on the job.
Post-White House Career and Subsequent Fallout With President Trump
After leaving the Trump administration, Anthony Scaramucci remained a staunch and vocal ally of the President. He made occasional appearances in the media defending his former boss. In July 2019, he predicted the President would steamroll to victory at the 2020 elections, predicting him winning over 40 states.
However, in a sharp turn of events, Scaramucci has changed his tone and now criticizes the President and hopes he loses his re-election bid. The breaking point for him came when the President launched a rant against Congresswoman Ilhan Omar at a Rally in North Carolina. Seen as an attack with racial undertones, Scaramucci called out the President’s antics as “racist and unacceptable.”
Scaramucci criticized Trumps messaging during his visit to mass shooting victims in El Paso, Texas. He said it was a “catastrophe” that the president took the opportunity to attack his Democratic rivals instead of seizing the opportunity to preach compassion. For the first time, Trump lashed out at him in a series of tweets, claiming he was bitter because he was fired for his incompetence.
Anthony Scaramucci Is Estimated To Be Worth Around $200 million
Anthony Scaramucci has made a notable mark in the global finance sector, accumulating huge wealth for himself along the way. The bulk of his earnings accrue from SkyBridge Capital, a firm he set up in 2005 and served as Chairman for more than 10 years. When he was gearing up for his appointment in the Trump administration, he sold a part of his 45% stake to RON Transatlantic EG and HNA Capital (U.S.) Holding. The stake sold is said to be worth between $200 million and $230 million.
Scaramucci turned down his $179,000 salary as White House Communications director. After he left his post at the White House, he returned to SkyBridge Capital. In 2016, the entrepreneur and former investment banker was ranked Number 85 on Worth Magazine‘s Power 100: The 100 Most Powerful People in Global Finance. With this, it is no surprise to find out that he has an estimated net worth of $200 million.
He Has Been Married Twice
Anthony Scaramucci’s first marriage was to Lisa Miranda. The couple were together for 23 years before separating in 2011 and then concluding divorce proceedings in 2014. Together, they have three children, including two sons – Anthony Scaramucci Jr., and Alexander Scaramucci, and a daughter, Amelia Demilo Scaramucci.
Soon after separating from Lisa, Scaramucci started dating Deidre Ball who was his staff at Skybridge Capital. The pair welcomed their first child together in early 2014 before deciding to exchange marital vows that same year on July 11. Surprisingly, their marriage looked to be ending as they separated just three years later when Ball was pregnant with their second child. There were insinuations that the tensions in the union were in part due to his involvement with the Trump Administration.
She filed for divorce but had a change of mind four months later and decided not to go ahead with it. Scaramucci and Ball worked out their differences and got back together, as they experience a whole new marital bliss. As of now, they have two children, Nicholas and James Scaramucci.