Fred Goodwin Net Worth

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Fred Goodwin Net Worth
image source: insider.co.uk

Frederick Anderson Goodwin shortly known as Fred Goodwin is a Scottish Chartered Accountant and former banker who was CEO of the Royal Bank of Scotland Group from 2001 to 2009. Although, we have no data how much he is worth, we can say that Fred Goodwin net worth is in millions.

Goodwin was born on August 17, 1958 in Paisley, Renfrewshire, Scotland. He went to Paisley Grammar School and then studied law at Glasgow University. He joined accountants Touche Ross, and qualified as a chartered accountant in 1983. He became a part of Touche Ross management consultant team in between 1985 and 1987.

In 1998, he joined Royal Bank of Scotland as deputy CEO. Three years later, he became the CEO of RBS and lived up to his reputation cutting 18,000 jobs by merging parts of RBS and NatWest.

In between 2000 and 2008, he took control over RBS’s rise to global prominence as the world’s largest company by assets (£1.9 trillion) and fifth largest bank by stock market value. However, his success couldn’t last forever. On October 11, 2008, he announced his resignation as CEO after rapid fall as RBS was forced into effective nationalization. A month before his resignation, RBS announced that they had £24.1 billion loss, the largest annual loss in UK corporate history.

From 2010, he worked as a senior adviser to RMJM, an architecture firm. He left that position after less than a year. In 2004, he was knighted for his services to banking, but was annulled by the Queen on February 2012.

Fred Goodwin Net Worth: Under Review

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