William R. Berkley, 66, built his estimated $1.2 billion fortune by creating what became W.R. Berkley Corp. (WRB)The $4.9 billion Greenwich, Connecticut-based company has 48 operating units underwriting a spectrum of property and casualty risks, from pleasure aircraft to cyber security.
Berkley owns about 18 percent of the company, a stake worth almost $900 million today. He has also collected more than $51 million in company dividends since 1980, and has collected more than $85 million in salary and bonuses since 1993. In 2006 and 2007, Berkley earned $58 million selling shares of First Marblehead Corp., a Boston-based student loan company he has been a director of since 1995.
“He’s very private about his wealth,” said Karen Horvath, a spokesman for W.R. Berkley Corp. “He prefers not to be on any lists.”
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