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Unlike the vibrant spectrum of a high-risk portfolio, which might be 80% equities, a neutral net worth allocation might look more like 40% moderate growth funds, 30% high-quality fixed income, 20% cash or cash equivalents, and 10% alternative assets. He secured a lucrative television deal and immersed himself in the minutiae of the business, proving his willingness to learn and adapt to different industries. He was instrumental in rebuilding Goldman’s trading business in the wake of the 2008 financial crisis, a period of immense volatility where his firm’s proprietary trading operations reaped billions. The leverage involved in these transactions—using the value of one asset to secure the financing for another—has magnified his returns exponentially. The commercial viability of his accessible yet profound imagery meant that he was not just an artistic success but a financial one as well.
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