What was Art Cashin's net worth?
Art Cashin was an American financier who had a net worth of $10 million at the time of his death. Art Cashin died in December 2024 at the age of 83.
Born in New Jersey in 1941, he began his career in financial services at a remarkably young age, becoming the youngest member of the NYSE at age 23 in 1964 when he joined Thomson McKinnon.
Cashin's career trajectory was notable for both its longevity and influence. In 1980, he joined PaineWebber, which through mergers and acquisitions eventually became part of UBS Financial Services. At UBS, he served as Director of Floor Operations and as one of the firm's most prominent public faces, providing regular market commentary and analysis that made him a fixture on financial television, particularly on CNBC.
Known for his distinctive appearance, including his signature Irish fisherman's sweater and mustache, Cashin became famous for his daily market commentary "Cashin's Comments," which combined market analysis with historical references, witty observations, and his encyclopedic knowledge of market history. His writing style was particularly noteworthy for weaving together market insights with references to historical events that occurred on that particular day.
What set Cashin apart from many other market commentators was his ability to contextualize market movements within broader historical patterns and his deep understanding of market mechanics gained from decades of floor trading experience. He witnessed and helped navigate through numerous market crises, including the 1987 crash, the dot-com bubble, and the 2008 financial crisis.
In addition to his market expertise, Cashin served as a governor of the NYSE for several terms and was a member of its Market Performance Committee. He also held the position of Vice Chairman of the NYSE Hearing Committee. His leadership roles extended beyond the exchange floor, as he served as Chairman of the Floor Officials Committee.
Beyond his professional achievements, Cashin is known for his charitable work, particularly through the NYSE Floor Members Emergency Fund, which he helped establish. This organization assists floor members and their families during times of hardship, reflecting his commitment to the trading floor community that he considered his extended family.
