Defend Truth

Bruce Wasserstein, iconic banker, dies of heart problems at 61

Bruce Wasserstein, iconic banker, dies of heart problems at 61

Whenever there was a major US deal whose ripples would resonate through business geosphere for years, there was a great chance that it was negotiated by Bruce Wasserstein, the CEO of Lazard bank. The deals he put together were as unforgettable as his frenetic pace: Philip Morris's $13 billion bid for Kraft in 1988, KKR's $31 billion buyout of RJR Nabisco in 1989 (immortalised in the book and the movie “Barbarians at the Gate”) and the $15 billion merger of Time and Warner Bros. in 1990. A Harvard graduate with two degrees (law and business), he was also the owner of the hugely influential New York magazine. At the time of his death, his net worth was estimated to be $2.2 billion.


Please peer review 3 community comments before your comment can be posted

MavericKids vol 3

How can a child learn to read if they don't have a book?

81% of South African children aged 10 can't read for meaning. You can help by pre-ordering a copy of MavericKids.

For every copy sold we will donate a copy to Gift of The Givers for children in need of reading support.

A South African Hero: You

There’s a 99.8% chance that this isn’t for you. Only 0.2% of our readers have responded to this call for action.

Those 0.2% of our readers are our hidden heroes, who are fuelling our work and impacting the lives of every South African in doing so. They’re the people who contribute to keep Daily Maverick free for all, including you.

The equation is quite simple: the more members we have, the more reporting and investigations we can do, and the greater the impact on the country.

Be part of that 0.2%. Be a Maverick. Be a Maverick Insider.

Support Daily Maverick→
Payment options