Masters of the Universe aren’t known for having anything resembling a jewelry collection except for one item — a watch. They’re collectible, gorgeous and at times incredibly expensive pieces that can be handed down from generation to generation
Exactly the type of thing a titan of any industry would want.
We’ve put together a list and commentary about the wristwatches worn by some of Wall Street’s most public executives.
As expected, a couple of the watches are flashy. A few of them are really, really cheap by Wall Street standards. And one prominent banker doesn’t even wear a watch. Ever.
(If you know of the type of timepiece that an executive at your firm wears, feel free to send the tip to [email protected])
Check it out:
Warren Buffett, Berkshire Hathaway
Buffett, the “Oracle of Omaha,” wears a gold Rolex Day-Date.
T. Boone Pickens, BP Capital
Oil magnate T. Boone Pickens also wears a yellow gold Rolex Day-Date that he purchased in 1964.
Lloyd Blankfein, Goldman Sachs CEO
Goldman Sachs CEO Lloyd Blankfein rocks a Swatch with what appears to be a clear plastic band. Swatch’s tend to range between $US50 to $US245. It’s also not exactly the sort of timepiece you’d expect a chief executive of a Wall Street investment bank to wear. Then again, Goldman is “the most hipster” bank on Wall Street.
Stephen Schwarzman, CEO of Blackstone Group
Jack Bogle, Founder of the Vanguard Group
Investing legend Jack Bogle, the founder of the Vanguard Group, wears a $US14 wristwatch he received from a shareholder.
“I received in the mail a wristwatch from a devoted shareholder in California. On the dial were printed our Vanguard logo, my name, and a phrase that was an indication I was still looking out for our shareholders: “Still on Watch.” It was also an outrageous pun: “Still on Watch.” Confident that it would be my rabbit’s foot, I put the watch on my wrist, where, having proved itself, it remains to this day. (Yes, I knew about the $US50 limit on gifts. So I checked the catalogue for the price. It was $US14. Talk about value!),” he wrote.
Bond guru Jeff Gundlach, CEO of DoubleLine Capital
We learned about Jeff Gundlach’s watch collection when he had a bunch of his artwork and personal property stolen.
According to the Santa Monica Police Department report, the watches that were stolen included a Glashutte, Breitling, A. Lange & Sohne, TAG Heuer and a Patek Philippe. We couldn’t nail down prices for these specific models, but every one can run in the tens of thousands of dollars or more.
Talk about some serious wrist candy. Fortunately, the DoubleLine Capital CEO brilliantly helped the FBI recover his stolen property.
Hedge fund billionaire Bill Ackman, CEO of Pershing Square
Bill Ackman, the CEO of Pershing Square Capital, sports a watch with a black band and dark face. We can’t identify the watchmaker, though.
Private equity chief executive Lynn Tilton
Private equity chief Lynn Tilton, the founder of Patriarch Partners, wears a MASSIVE bejeweled timepiece by Jacob the Jeweler. It’s definitely fits her “dust to diamonds” persona. She’s going to be receiving a personalised Rolex timepiece next week along with a huge tennis award. It better have some bling!
Hedge funder Phil Falcone
Hedge funder Phil Falcone wears a black sports watch (it looks like Casio G-Shock) and some friendship bracelets and beads (We’re assuming his twin girls made those for him).
James Gorman, Morgan Stanley CEO
James Gorman wears a stainless steel Rolex Daytona, according to Ben Clymer, the founder of watch site Hodinkee.
Jamie Dimon, JPMorgan Chase CEO
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