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28 April 2017 16:17 (South Africa)

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

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

bruce wasserstein

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.

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

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