Gregg Hymowitz

$2.00 B

Ranked #2039 in World

About Gregg Hymowitz

Gregg S. Hymowitz, a distinguished figure in the global finance sector, was born on November 16, 1965, in Bellmore, New York, and has achieved notable success in legal, investment, and philanthropic domains. A cum laude graduate from Harvard Law School and a recipient of prestigious scholarships, Hymowitz embarked on his professional journey with Skadden, Arps, Slate, Meagher & Flom, before advancing to Goldman Sachs & Co. as Vice President. In 1997, Hymowitz founded Entrust Global, which under his leadership, amassed over $1.1 billion in assets by year's end and saw significant developments, including a merge with Permal Group and a notable rebranding to Entrust Global in 2019, boasting a net worth of $1.3 billion as of May 2023. His engagement in activist investing has been impactful, with investments in companies like Deutsche Bank and Nestlé. Hymowitz has also made a mark in maritime investing through the launch of Blue Ocean Funds and Purus Marine, demonstrating a commitment to sustainable maritime transportation. Beyond his business ventures, Hymowitz's contributions to philanthropy and education, along with his involvement in political fundraising, underscore his multifaceted influence. Married to Marcella Guarino Hymowitz with three children, he continues to shape various sectors with his expertise and investments.

Born

November 16, 1965

Age

60 years

Source Of Wealth

Asset Management

Industries

Finance & Investments

Citizenship

United States

Residence

New York, New York

Education

Doctor of Jurisprudence, Harvard Law School; Bachelor of Arts, State University of New York at Binghamton

Spouse

Marcella Guarino Hymowitz (Married: 2013), Debby Hymowitz (Divorced: 2007)

Children

Gregg S. Hymowitz was born on November 16, 1965, in Bellmore, New York. He displayed academic excellence from an early age and graduated cum laude from Harvard Law School (JD) in 1990. Prior to that, he received a BA, Phi Beta Kappa, from SUNY Binghamton in 1987. His intellectual prowess was further recognized when he was awarded the prestigious Harry S. Truman Scholar from New York in 1985 and the British Hansard Society Scholar in 1987.

Gregg Hymowitz: Family

Gregg S. Hymowitz has been married twice. His first marriage was to Debby Hymowitz, with whom he had three children. However, the couple divorced in 2007. In 2013, he married Marcella Guarino Hymowitz, and they have three children together.

Gregg Hymowitz: Career Highlights

Gregg S. Hymowitz began his career as an attorney at Skadden, Arps, Slate, Meagher & Flom, where he focused on mergers and acquisitions. In 1992, he joined Goldman Sachs & Co. as a vice president.

In 1997, Hymowitz founded Entrust Global, originally known as EnTrust Capital. He personally handled asset gathering and investment decisions, leading the company to amass over $1.1 billion in assets by the end of that year. In 2016, Legg Mason purchased a 65% stake in EnTrust for $400 million. The company merged with Permal Group under Legg Mason, becoming EnTrustPermal, and was later rebranded to EnTrust Global in 2019. In a significant move, Hymowitz reacquired EnTrust from Legg Mason in 2020 and subsequently sold a 10% minority stake to the Brunei Sovereign Wealth Fund.

Hymowitz is also known for his involvement in activist investing, identifying potential investment opportunities and raising funds for shareholder activists. He views activist investing as a valuable strategy during economic dislocations. Notable examples include providing capital for Hudson Executive Capital LP's stake in Deutsche Bank, acquiring a 25% stake in Alma Capital, and co-investing with Third Point LLC in Nestlé, with a $650 million stake.

Additionally, Hymowitz provided capital to Politan Capital Management, which invested in Centene Corporation and Masimo.

In the maritime industry, Hymowitz launched Blue Ocean Funds, a maritime lending division, in 2015. The division has financed over 50 vessels with over $1 billion in commitments. Significant milestones include closing a $2.1 billion fundraising for the Blue Ocean Fund in December 2020 and raising an additional $925 million in 2021. Furthermore, Hymowitz acquired Maas Capital from ABN Amro and serves as the Chairman of Purus Marine, a company dedicated to environmentally friendly maritime transportation. Purus Marine has secured investments from Itochu and First Citizens Bank and operates a fleet of over 50 low-carbon vessels, aiming for net zero carbon emissions by 2030.

Beyond his primary business ventures, Hymowitz manages Jolli Four, LLC, a real estate firm based in Wellington, Florida. In 2021, he sold an estate in Wellington for $12 million. Hymowitz has also made appearances as a panelist on TV shows such as Cavuto on Business, Bloomberg Television, and CNBC's Squawk Box. His involvement extends to political fundraising, as he co-chaired Dick Gephardt's 2004 presidential campaign. Additionally, Hymowitz testified before the US House of Representatives on conflicts of interest in sell-side analysts' research.

Gregg Hymowitz: Companies

EnTrust Global
Blue Ocean Funds
Purus Marine
Jolli Four, LLC

Gregg Hymowitz: Major Achievements

Founded Entrust Global (originally EnTrust Capital) in 1997.
Personally handled asset gathering and investment decisions, leading EnTrust to over $1.1 billion in assets by the end of 1997.
Raised $600 million for funds controlled by shareholder activists in 2013.
Launched Blue Ocean Funds, a maritime lending division, in 2015, financing over 50 vessels with over $1 billion in commitments.
Closed a $2.1 billion fundraising for the Blue Ocean Fund in December 2020.
Acquired Maas Capital from ABN Amro.
Serves as Chairman of Purus Marine, investing in environmentally friendly maritime transportation.

Secured investments from Itochu and First Citizens Bank for Purus Marine.
Established the Hymowitz Scholarship for Harpur College undergraduate students.
Endowed the Hymowitz Professorship of Global Health at Duke University.

Gregg Hymowitz: Awards & Achievements

1985 Harry S. Truman Scholar from New York.
1987 British Hansard Society Scholar.
2004 recipient of the Governor's Committee on Scholastic Achievement Award.

Gregg Hymowitz: Personal Life & Legacy

Gregg S. Hymowitz has been actively involved in philanthropic endeavors. He established the Hymowitz Scholarship for Harpur College undergraduate students and endowed the Hymowitz Professorship of Global Health at Duke University. Hymowitz has also participated in the FTI Consulting Great Charity Challenge, raising $2.5 million for Florida charities. His charitable contributions extend to organizations such as the National Multiple Sclerosis Society, New York Cares, and The Retreat. Additionally, he has been involved with the YAGP "Stars of Today Meet the Stars of Tomorrow Gala" and the Mikva Challenge.

In terms of board membership, Hymowitz serves as Chairman of EnTrust Global and Purus Marine. He is also a former member of the Board of Trustees at Montefiore Medical Center and served two terms as a trustee of Riverdale Country Day School.

Gregg Hymowitz: Trivia

Gregg S. Hymowitz purchased ocean-front property in Parrot Cay from Bruce Willis for $6 million in 2021.
His net worth is estimated to be $1.3 billion as of May 2023 (Forbes).

Wealth History

Timeline

November 16, 1965

Gregg S. Hymowitz is born in Bellmore, New York.

1985

Gregg S. Hymowitz receives the Harry S. Truman Scholar from New York.

1987

Gregg S. Hymowitz receives the British Hansard Society Scholar.

1987

Gregg S. Hymowitz graduates with a BA, Phi Beta Kappa, from SUNY Binghamton.

1990

Gregg S. Hymowitz graduates cum laude from Harvard Law School (JD).

1992

Gregg S. Hymowitz joins Goldman Sachs & Co. as a vice president.

1997

Gregg S. Hymowitz founds Entrust Global (originally EnTrust Capital).

1997

Entrust Global has over $1.1 billion in assets.

2004

Gregg S. Hymowitz receives the Governor's Committee on Scholastic Achievement Award.

2013

Gregg S. Hymowitz raises $600 million for funds controlled by shareholder activists.

2015

Gregg S. Hymowitz launches Blue Ocean Funds, a maritime lending division.

2016

Legg Mason purchases a 65% stake in EnTrust for $400 million.

2019

EnTrust Global rebrands to EnTrust Global.

2020

Gregg S. Hymowitz reacquires EnTrust from Legg Mason.

2020

Gregg S. Hymowitz closes a $2.1 billion fundraising for the Blue Ocean Fund.

2021

Gregg S. Hymowitz raises an additional $925 million for the Blue Ocean Fund.

2021

Gregg S. Hymowitz sells an estate in Wellington for $12 million.

2021

Gregg S. Hymowitz purchases ocean-front property in Parrot Cay from Bruce Willis for $6 million.

Gregg Hymowitz : FAQs

What is Gregg Hymowitz's current net worth?

Gregg Hymowitz's current net worth is $2.00 billion.

What is Gregg Hymowitz's current global rank among billionaires?

Gregg Hymowitz holds the 2039th position globally among billionaires.

What is Gregg Hymowitz's current ranking within the United States?

Gregg Hymowitz holds the 676th position in United States.

What was the change in Gregg Hymowitz's net worth compared to the previous year?

Gregg Hymowitz's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 2.00 billion dollars.

What are Gregg Hymowitz's main sources of wealth?

Gregg Hymowitz's main source of income comes from Asset Management.

In which industry does Gregg Hymowitz primarily operate?

Gregg Hymowitz is primarily involved in the Finance & Investments industry.

What is Gregg Hymowitz educational background?

Gregg Hymowitz holds a Doctor of Jurisprudence from Harvard Law School and a Bachelor of Arts from State University of New York at Binghamton.

How old is Gregg Hymowitz?

Gregg Hymowitz is 60 years old.

How many children does Gregg Hymowitz have?

Gregg Hymowitz has 6 children.

What significant achievements marked the early life of Gregg S. Hymowitz?

Gregg S. Hymowitz was a 1985 Harry S. Truman Scholar, a 1987 British Hansard Society Scholar, and received the Governor's Committee on Scholastic Achievement Award in 2004.

How did Gregg S. Hymowitz contribute to the field of maritime investing through Entrust Global?

Gregg S. Hymowitz launched Blue Ocean Funds under Entrust Global, financing over 50 vessels with $1 billion in commitments, and aims for a fleet of over 50 low-carbon vessels for net zero carbon emissions by 2030.

Can you describe the philanthropic contributions of Gregg S. Hymowitz?

Gregg S. Hymowitz has supported various causes through donations to the National Multiple Sclerosis Society, New York Cares, and The Retreat, and established scholarships at Harpur College and Duke University.

What was Gregg S. Hymowitz's role in activist investing and its impact?

As an activist investor, Gregg S. Hymowitz raised $600 million for funds in 2013, contributed capital to significant engagements like Deutsche Bank and Nestlé, and believes in its efficacy during economic dislocations.