Richard Parsons Net Worth (Updated 2025).

Richard Parsons, born in New York City, began his career in the early 1970s, fresh out of law school. He started at the prestigious law firm Paul, Weiss, Rifkind, Wharton & Garrison, where he honed his legal skills and gained valuable experience.

Parsons’ big break came in 1990 when he was appointed as the Chair and CEO of Dime Savings Bank of New York. His strategic leadership turned the bank around, making it profitable and earning him recognition in the business world. This success led him to become the Chair and CEO of Time Warner in 2001, a position that catapulted him to fame.

Richard Parsons’ Current Net Worth (2025)

As of 2025, Richard Parsons’ current net worth is estimated to be around $300 million. This figure takes into account his various business ventures and investments.

Career

Richard Parsons is a prominent American businessman, currently serving as the Executive Chairman of Citadel, a global multi-strategy investment firm. He previously held the position of Chairman of the Board of Directors at Time Warner, a role he held from 2001 to 2011. Prior to this, he served as the CEO of Dime Savings Bank of New York.

Other Ventures

Parsons is also involved in various other ventures. He is the Chairman of the Madison Square Garden Company, a position he has held since 2015. Additionally, he serves on the board of several other companies, including Estée Lauder and Lazard. He is also a co-owner of the NBA’s Cleveland Cavaliers.

Assets

Parsons’ assets include a significant stake in Citadel, as well as investments in various other companies. He also owns several properties, including a home in New York City and a ranch in Montana. His art collection, which includes works by artists like Andy Warhol and Roy Lichtenstein, is also a notable asset.

Annual Income

Parsons’ annual income varies depending on his roles and investments. As of 2025, his estimated annual income is around $20 million. This includes his salary from Citadel and other ventures, as well as income from his investments and other assets.

Frequently Asked Questions about  Richard Parsons

Richard Parsons Net Worth FAQs

1. What is Richard Parsons’ net worth?

Richard Parsons’ net worth is estimated to be around $300 million.

2. How did Richard Parsons make his fortune?

Richard Parsons made his fortune through his successful career in business and media. He served as the CEO of both Time Warner and Citigroup, and also had significant roles in other companies like AOL and The Madison Square Garden Company.

3. What is Richard Parsons’ background?

Richard Parsons was born in Brooklyn, New York, and graduated from the University of Hawaii and Albany Law School. He started his career as a lawyer before moving into business and media.

4. When did Richard Parsons become CEO of Time Warner?

Richard Parsons became the CEO of Time Warner in 2001, following the merger with AOL.

5. What other companies has Richard Parsons been involved with?

In addition to Time Warner and Citigroup, Richard Parsons has been involved with companies like AOL, The Madison Square Garden Company, and The Apollo Global Management.

6. What is Richard Parsons’ role in The Apollo Global Management?

Richard Parsons is the Chairman of The Apollo Global Management, a position he has held since 2014.

7. What is Richard Parsons’ political affiliation?

Richard Parsons is a Democrat and has been involved in various political campaigns and initiatives.

8. Has Richard Parsons received any awards or recognitions?

Yes, Richard Parsons has received numerous awards and recognitions, including being named one of the “100 Most Influential People in the World” by Time magazine in 2005.

9. What is Richard Parsons’ philanthropic work like?

Richard Parsons is known for his philanthropic work, particularly in education and healthcare. He has been involved with organizations like the New York Public Library, the Apollo Theater, and the Jackie Robinson Foundation.

10. Is Richard Parsons active on social media?

Richard Parsons is not particularly active on social media. He does not have any official accounts on platforms like Twitter, Instagram, or Facebook.