Raymond McGuire Net Worth: How Rich Is Citigroup VC

Raymond McGuire is a prominent financial analyst, investment banker, and former vice chairman of Citigroup who ran in 2021 for the position of mayor in New York City. His estimated net worth as of 2022 is around $20 million.

Are you interested to know more about Raymond McGuire? Read on!

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Raymond McGuire Net Worth
Real NameRaymond Jeffrey McGuire
BirthdayJanuary 23, 1957
Birth SignAquarius
Height6 feet 2 inches or 188 cm
PartnerCrystal McCrary McGuire
ParentsMother: Wiletha McGuire  Father: Undisclosed
ProfessionsFinancial Analyst, Investment Banker, Businessman, Politician
Net Worth$20 million (USD)

What Is Raymond McGuire’s Net Worth?

Businessman and 2021 political candidate Raymond McGuire, also known as Ray McGuire is a self-proclaimed self-made man with an estimated net worth amounting to $20 million. 

He gained most of his wealth as an investment banker, as well as from being a former executive of the prominent Citigroup.

Early Life

Ray McGuire was born raised on January 23, 1957, in Dayton, the sixth-largest city in the State of Ohio.

Together with his two brothers, he was reared by his single mother Wiletha McGuire, who also worked as a social worker. Ray didn’t know his father’s name.

Life was hard at that time, but with the help of his grandparents, the family managed to cope. His grandmother chaired the Church Mission Committee while his grandfather was the Deacon in their church, who also worked at a factory every weekday and as a janitor every weekend.

He was raised in a home with so much faith, where hard work and education is very important to succeed, hence he learned to be very responsible, competitive and goal-driven.

Growing up, Raymond and his family had to deal with racism. But despite being black, his ardent desire to succeed allowed him to attend the prestigious Miami Valley School in his hometown.

He is particularly grateful to his 5th-grade school teacher Ellen Moore, 11th-grade teacher Robin Melnick and another teacher named Mr Rickman.

In high school, Ray strived to help his family with the bills. He took up part-time jobs, such as being a construction laborer. 

After years of walking a mile just to catch a bus from their hometown to go to school, he was offered a scholarship to transfer to a prestigious boarding school in Lakeville, Connecticut. This is the Hotchkiss School, where he graduated in 1975 and set him on the path of Harvard.

He finished his Bachelor of Arts in English at Harvard College in 1979, being the first in his family to graduate from that school.

The following year, he received a Rotary scholarship to study at the University of Nice in France. He then graduated in 1984 with a law degree from Harvard Law School and an MBA degree from Harvard Business School.

After graduation, he moved to New York to find better opportunities on Wall Street, and true enough, that was the start of his rise to success and stardom.

His mother, now 95 years old, is living a comfortable life because of her loving son Raymond.

Raymond McGuire’s Personal Life

Raymond Jeffrey McGuire is married to the equally strong and opinionated woman Crystal McCrary McGuire. They’ve been together for a few years now.

Crystal is a successful entertainment lawyer, a best-selling author, and a high-powered television and film producer. She was born in October 1969 in Detroit, Michigan.

Although Raymond is already her second husband, he wholeheartedly embraced Crystal’s two children from her previous marriage with former NBA star Greg Anthony. Currently, they have three children.

Their eldest is Cole Hinton Anthony, an Orlando Magic NBA player. They also have a daughter named Ella Anthony who played basketball at her high school alma mater, Horace Mann. She is now pursuing her studies at Harvard.

Raymond and Crystal’s youngest, Leo Raymond, was born on November 19, 2012. Like his older siblings, he’s also into basketball at the De La Salle Academy. As a hands-on father, Raymond appears at every one of Leo’s games.

At present, McGuire lives in a majestic and luxurious apartment building in an illustrious centerpiece of the Central Park West skyline, the San Remo in Manhattan, New York.

Raymond McGuire Weight, Height And Measurement

Raymond McGuire is said to be 6 feet 2 inches tall or roughly 188 cm. His other vital statistics are unknown.

Career: How Much Does Raymond McGuire Make? 

After graduation, Raymond began working in 1982 at First Boston. He was also an original member of Wasserstein Perella & Co., Inc.

He also worked in Merrill Lynch & Co., Inc. and had several years of service at Morgan Stanley. He also served as president of the Federal Reserve Bank of New York.

In 2005, he started working in one of the biggest multinational companies which focus on investment and financial services to the public, Citigroup.

Prior to his candidacy as mayor in New York City in 2021, held the position of Global Head of Corporate and Investment Banking (CIB) where he received an annual salary of $400,000.

Final Word: Is Raymond McGuire A Millionaire?

Raymond McGuire, a renowned financial analyst, businessman, and former political candidate is certainly a millionaire. In fact, he has an estimated net worth of $20 million.

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