Richard Mcvey is an American philanthropist and entrepreneur. Mcvey is the Chairman and Chief Executive Officer of MarketAxess, a company that he founded. Richard is also known as the husband of Lara Spencer.
Mcvey has been in the executive post of MarketAxess for over 20 years. As a result, the entrepreneur has abundant knowledge regarding the business and its operations.
Mcvey founded the company in April of the year 2000.
Richard was born on 2 July 1959 in Painesville, Ohio, the U.S. Being born in July, the entrepreneur is a Cancer. He will be turning 63 as of 2022. The full name of the CEO is Richard Mitchell Mcvey.
The CEO is American. His religion of practice is Christianity.
Family and Educational Background
Mcvey grew up in the suburbs of Cleaveland. The entrepreneur’s father ran an oil company and was an active investor in the stock. Richard got into investing because he saw his father’s interest in it, and the entrepreneur went on to find his very own company.
Unfortunately, there isn’t much information regarding the rest of Mcvey’s family. It isn’t known if the CEO has any siblings.
The CEO did his undergraduate in Finance at Miami(Ohio) University. Mcvey went on to join Kelley School of Business in 1983 to pursue a master’s degree.
Short Career History
The entrepreneur started his career at JP Morgan in the year 1991. He worked in the North American Futures and Options Business.
Moreover, Mcvey was in charge of institutional brokerage, research, operations, finance, and compliance. Because of his passion and hard work, the entrepreneur was promoted to the company’s managing director position. The CEO worked with JP Morgan for almost ten years. Initially, Richard proposed the MarketAxess business model as a part of the program for JP Morgan with the idea to use web-based technology.
However, he launched MarketAxess in 2000 by raising a capital of $24 million from JP Morgan and other ventures. The company launched its first IPO in November 2004. Mcvey has been in the executive post ever since the company began operating.
Richard Mcvey Wife and Children
Richard Mcvey has been married twice. The CEO has three daughters from his first marriage. However, the details regarding his first wife aren’t available. Mcvey got married to Lara Spencer, the co-anchor for Good Morning America, on 1 September 2018.
The couple got married in Vail, Colorado. Richard is Spencer’s second husband. The journalist was married to David Haffenrefer until June 2015, when they divorced. Both the journalist and the CEO seem happy in their second marriage with one. So far, the couple doesn’t have any offspring.
However, the couple remains very private about their relationship as they haven’t revealed the details of their love story in the media.
What is Richard Mcvey Net Worth?
Having worked in the executive post of his own company for over 20 years, the CEO must have earned an enormous amount of net worth. As an ardent investor, too, Mcvey has various sources of income. Richard Mcvey earns a base salary of $3.2 million and has $700 million worth of stocks of MarketAxess. The estimated total net worth of the CEO is $600 million. Mcvey has enough to lead a substantially luxurious life.
The entrepreneur stands at an average height of 5 feet 6 inches. Similarly, he weighs around 62 kg. The CEO has brown hair and brown eyes. Mcvey looks pretty fit and healthy.
Richard McVey 5 Quick Facts
During his early years, Richard worked at a bank as a trader.
Richard developed an interest in trading because of his father and worked on honing his skills.
The entrepreneur serves on the Board of Directors of Miami (Ohio) University Foundation and the Board of Trustees of Colby College.
Richard was named the Ernst & Young National Entrepreneur of the Year for financial services in 2012.
The philanthropist was a member of the U.S. Securities and Exchange Commission.