Mike Cagney Net Worth (Updated 2025).

Mike Cagney, a name now synonymous with fintech innovation, began his career in the world of finance at a young age. Born and raised in California, Cagney’s interest in numbers and patterns led him to pursue a degree in Economics at the University of California, Berkeley. Upon graduation, he started his career at the prestigious firm Goldman Sachs, where he honed his skills in trading and risk management.

Cagney’s big break came in 2010 when he co-founded SoFi, a student loan refinancing company. Seeing an opportunity in the market for a more customer-centric and tech-driven approach to lending, Cagney and his co-founders set out to disrupt the traditional banking industry. SoFi’s innovative model, which combined technology with a focus on customer experience, quickly gained traction, attracting both customers and investors alike.

Mike Cagney’s Current Net Worth (2025)

As of 2025, Mike Cagney’s estimated net worth stands at around $1.2 billion, according to recent data from Forbes. This significant wealth is primarily attributed to his successful career in the financial technology industry.

Career

Mike Cagney is a prominent figure in the financial technology sector. He co-founded SoFi, a digital personal finance company, in 2011. Under his leadership as CEO until 2017, SoFi expanded its services to include student loan refinancing, mortgages, and wealth management. In 2018, he founded Figure, a blockchain-based financial services company, where he currently serves as the CEO.

Other Ventures

Beyond his work at Figure, Cagney is also an active investor. He has backed several startups through his venture capital firm, Leverage AI. Additionally, he serves on the board of directors for several companies, including Upstart and Affirm.

Assets

Mike Cagney’s assets include significant stakes in both SoFi and Figure. He also owns a substantial real estate portfolio, with properties in California and Hawaii. His investment portfolio includes equity in various tech and financial startups.

Annual Income

Mike Cagney’s annual income is primarily derived from his role as the CEO of Figure. According to public records, his total compensation in 2021 was approximately $10 million, including his salary, stock awards, and other compensation. However, this figure can fluctuate year to year.

Frequently Asked Questions about  Mike Cagney

Mike Cagney Net Worth FAQs

1. What is Mike Cagney’s net worth?

Mike Cagney’s net worth is estimated to be around $1 billion.

2. How did Mike Cagney make his money?

Mike Cagney co-founded the online lending platform SoFi in 2011. He served as the CEO until 2017 and has since been involved in various other ventures, contributing to his wealth.

3. What is SoFi and how did it contribute to Mike Cagney’s net worth?

SoFi (Social Finance) is an online personal finance company that provides student loan refinancing, mortgages, personal loans, and other financial services. As one of the co-founders and former CEO, Mike Cagney’s net worth has significantly benefited from SoFi’s success.

4. When was SoFi founded and by whom?

SoFi was founded in 2011 by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady.

5. What happened to Mike Cagney after he left SoFi?

After leaving SoFi in 2017, Mike Cagney founded another fintech company called Figure in 2018. He also serves as an advisor and investor in various other startups.

6. What is Figure and how is it related to Mike Cagney’s net worth?

Figure is a blockchain-based lending and borrowing platform co-founded by Mike Cagney. As the CEO, his net worth has likely grown through his involvement in this venture.

7. What is Mike Cagney’s educational background?

Mike Cagney holds a Bachelor of Science degree in Economics from the United States Military Academy at West Point and an MBA from the Stanford Graduate School of Business.

8. What is Mike Cagney’s investment portfolio like?

Mike Cagney’s investment portfolio includes various fintech and blockchain companies, as well as real estate. Some of his investments include Affirm, Coinbase, and Figure.

9. How does Mike Cagney give back to the community?

Mike Cagney has been involved in various philanthropic efforts, including supporting education and veteran initiatives. He has also donated to causes related to COVID-19 relief and social justice.

10. What is Mike Cagney’s approach to entrepreneurship and investing?

Mike Cagney is known for his data-driven approach to entrepreneurship and investing. He focuses on identifying and capitalizing on market inefficiencies, particularly in the financial services sector.