David Slaine became infamous as a government informant in the case of insider trading at Galleon Group, one of the biggest hedge funds of its time. His life’s story came back into public focus in 2020 when his ex wife Elyse started appearing on reality TV series The Real Housewives of New York City. David is staying away from public himself and there are only partial information about his current situation. David Slaine’s net worth is estimated by some to be as high as $7 million in 2020. Check out also the how rich are other RHONY stars like Michael Wainstein, Leah McSweeney, and Elyse Slaine.
David started his lucrative career in investing world as a trader for prestigious Morgan Stanley. After earning good reputation and creating social connections, he became a a portfolio manager at the hedge fund Chelsey Capital.
For there, he moved to Galleon group as a trader again. However, in 2007 he was approached by FBI and after being confronted of proofs of his own insider trading, he agreed to act as an informant and wear the wire. Consequently, SLaine helped to uncover the vast insider trading practices inside Galleon. Needless to say, the big investment company didn’t survive this kind of scandal.
Family and relationship with Elyse
While working on Wallstreet, he came across charming Elyse who was selling Knight Ridder financial systems to traders. That’s how they met. He agreed to buy a system from her just get a chance for a first date. And it looks like it workes since the two of them got married in 1992.
David Slaine net worth changes over the years
- 2017: $5.5 million
- 2018: $6 million
- 2019: $6 million
- 2020: $7 million
Sources of income, salary
Having a long career on Wallstreet under his belt, it is easy to see how he could acquire such a sizable net worth. Trading stocks and bonds for rich clientele is a time-proof way to make big bucks and Slaine worked for some of the biggest players in the market.
After the Galleon fallout, he withdrew from the public and probably also this line of business. And although his divorce with Elyse must have cost him dearly, he is expected to be well off. Either way, chances of him appearing on RHONY are probably minimal.