Perry Rahbar founded his company so that no one has to go through the same chaos he did when Bear Stearns collapsed in 2008. The success in providing more transparency and better securitization to marketplace lenders has given Perry Rahbar net worth a well-deserved boost.
Former Bear Stearns trader Perry Rahbar is now a highly successful US-based entrepreneur, business consultant, and startup guru. He is widely known for his role as the CEO of DV01, a financial technology enterprise serving as a data center for the capital markets and investors.
It didn’t take long before the company was recognized for its efforts. In 2016, DV01 made it to Forbes Fintech 50 as one of that year’s most innovative private companies.
DV01 has delivered reporting and data analytics for online lending and mortgage loans worth $105 billion. The company also offered securitization coverage worth $35 billion.
Perry Rahbar Net Worth
As a self-made entrepreneur, Perry Rahbar amassed his fortune with DV01. The company has grown massively and made him a millionaire. Per conflicting sources, his average net worth is between $1 and $2 million.
Perry Rahbar – Short Bio
Perry Rahbar was born on November 6, 1992 in Long Island, New York. He is of Iranian descent and has mixed ethnicity, as his parents immigrated to the US. His father’s name is Massud Rahbar (Mike Rahbar), and his mother’s name is Soudabeh Rahbar (Sou Rahbar). They possess and manage residential real estate properties in Manhattan, New York.
Perry has one sibling, a brother named Peter, who founded the Rahbar Group and is a lawyer by profession.
Peter Rahbar – Early Life
Perry Rahbar grew up in a loving and supporting family and, as a result, has a balanced personality. His personality traits have significantly impacted his professional success, maturity, and intellect.
His rather proper and privileged upbringing paints a picture of one who belongs to a middle-class family. Perry received quality education from some prestigious educational institutions in his hometown at the school and college levels. He went on to get a diploma from a reputed institute.
Perry received his bachelor’s degree in economics and political science in May 2004. It was a four-year program at Emory University, one of the oldest higher education institutions in Georgia, USA. He also spent a year at the London School of Economics and Political Science.
In 2002, he worked as an intern in the mortgage department at Bear Stearns, which was the start of his career. When he returned to Emory in the fall of 2003 to complete his last term at the university, he already had a job offer.
Presently, Perry Rahbar is a member of the Emory Alumni Board. He also received the Emory Entrepreneur Award in the Financial Services Category in 2018.
Perry Rahbar’s Career & Achievements
As soon as he graduated, Perry started working full-time for Bear Stearns in June 2004. The company was a thriving global investment bank, securities trading, and brokerage firm. At the time, very few places an aspiring investment banker could ever dream of having as a starting point.
Perry joined as the Managing Director of CDO Analytics. Moreover, for the three years he was associated with the company, Perry overlooked the Non-Agency Mortgage-Backed Securities Trading at Bear Stearns.
Perry’s stint with the globally renowned firm was short-lived, as the company suffered a huge financial crisis and collapsed in 2008. The famous wealth management company, J.P. Morgan, acquired Bear and Stearns. Following the acquisition, Perry joined J.P. Morgan.
Perry worked for the company as executive director. He stayed in that role for over five years.
On the surface, it all seemed to turn out pretty well for Perry, as he was doing well professionally and earning quite a lot in the process. However, the collapse of Bear Stearns had taken a toll on him as he was dedicated to his job at the company.
Perry stayed on Wall Street for around a decade, and during that time, he had a front-row seat to the financial crisis that had unfolded in the first decade of the 21st century. It was the worst of its kind after the Great Depression in 1929.
As Perry managed to soldier through the acquisition and the crisis, he was personally not satisfied with his circumstances. Having joined work right after getting his degree, he was increasingly becoming aware that he had not been able to find his passion in life and realize what he wanted to do with his life.
The job was paying well, but the overbearing feeling of misery and depression finally caught up with him, and Perry decided to resign. He had undertaken a huge risk but considered it essential at that time.
DV01
Perry Rahbar took an 18-month-long hiatus to contemplate what he wanted to do. Finally, he leveraged his experience with Bear Stearns and J.P. Morgan and founded DV01 in 2014.
His time on Wall Street made him realize the shortcomings of the financial industry from a technological standpoint. Lack of transparency has further added to the problems and aggravated the existing ones. The purpose of DV01 was to make data transparent for the capital markets.
His company, DV01, is a central digital data managing, analytics, and reporting platform. Labeling it as a one-stop shop for retrieving and evaluating standardized loan-level data would not be wrong.
The company offers loan services to financial institutions after evaluating the growth margins. DV01 has more than 250 financial institutions on board and provides end-to-end solutions to these institutions, allowing the investors to manage and assess their venture through a single interface.
Today his company is a success and has grown in business and the workforce. DV01 currently employs around 90 employees. Its earliest recognition was catching the attention of the Wall Street Journal and being included in the Forbes list of the top 50 Fintech companies of 2016.
Perry himself has received awards in various instances. He was declared the Ernst and Young Entrepreneur of the Year in 2020.
Perry Rahbar ‘s Personal Life
Perry Rahbar had kept his personal life quite private, but that all changed when he began dating actress Paige DeSorbo famous for her stint in the reality TV series Summer House. The two began dating in the summer of 2019.
However, the relationship lasted only a year, and Paige announced the split on social media. She moved on to pursue other romantic interests, and Perry moved to Miami. Since then, he has not been publicly involved with anyone.
Perry loves the outdoors, and in his free time, he likes to try various activities, including tennis, swimming, skiing, skydiving, boating, etc. He is also fond of dining out and enjoys it with his nephew Zach and niece Sadie, his brother Peter’s children.
His love for food has led him to launch multiple food ventures, including the Sauce Restaurant, Sauce Pizzeria, and café 3 Coco & Cru, which serves healthy food inspired by Australian cuisine.
Perry enjoys a close bond with his brother and his cousin Arash Rahabar, a famous bodybuilder. He refers to their happy moments as hair gel days. He also has a French bulldog, Tyson, whom he loves dearly.
Philanthropy
Perry Rahbar is a philanthropist. In 2015, He became the co-founder and CFO of Everyday Hospitality. The group’s philanthropic focus is to feed the less fortunate with support from local restaurants.
When the pandemic was at its peak, Perry and his co-founder Adam Elzer, made it their mission to help feed New York’s first responders by dishing out 1,200 pizzas daily to hospitals. Stores were closed, and food was scarce. They became the lifeline of the starving nurses and doctors of the city.
Moreover, as an Emory Alumni member, he engages with the students to motivate them through his speaking sessions.
Social Media Presence
Perry Rahbar is quite active on social media. He has made an Instagram account for Tyson, his bulldog, where he posts various adventures and travel stories with his dog. Perry also has an individual Instagram account, sharing snippets from his work and professional life.
Frequently Asked Questions (FAQs) – Perry Rahbar Net Worth
What Does Perry Rahbar Do?
Perry Rahbar is a highly successful US-based entrepreneur, business consultant, and startup guru. He is famous for his role as the chief executive officer of DV01, his financial technology enterprise.
Are Perry Rahbar and Paige DeSorbo Still Together?
Perry Rahbar and Paige DeSorbo started dating in 2019, which only lasted for a year. Presently, they are not together.
How Rich Is Perry Rahbar?
Perry Rahbar is highly successful. His firm, DV01 is a highly lucrative business; besides that, he has various food ventures on the side, among others. While the details of his fortune are unknown, according to some sources, his wealth is estimated net worth of $1 to $2 million.
Perry Rahbar Net Worth – Final Thoughts
They say that taking a leap is the start of something but never do it blindly.
Many of these young people earn a few million dollars every year. The youngest billionaire is only 29 years old. Buffett, Bezos, and Zuckerberg probably inspired him, but getting on the list of billionaires is difficult.
The benefits DV01 has yet to fill that big hole of transparency in the world of finance and investment, but now, with companies like DV01, there is no doubt that we will get there. It’s written in our economic history that the wealthiest have lost millions, even billions, from promising ventures.
What helped millionaires become billionaires today is information. Names can’t just disappear as numbers, especially when borrowing fuels daily activities, and has evolved into a $16 trillion market. Minimizing risks and liabilities should be the first thought for both the borrower and the lender.
As an information hub, DV01 removes much of the fogginess regarding lending and promotes data-driven decisions. This created a safer environment and evens the playing field for the wealthy, people trying to invest in their future, and those working to pay off credit card debts and student loans.
Now, any small-time businessman or an inexperienced entrepreneur has more confidence in building their portfolios because companies like DV01 gave us the option of responsible leading.
This also explains the increasing number of millennials who could meet financial goals by finding their footing in personal finance. They are not intimidated by rich people because of the information available today.
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