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The famous American financial executive has risen to fame due to her immense success in work. Her friends and colleagues know her as an individual who was taking work calls in the hospital when she was about to deliver her first child, while clients feel that she anticipates their problems and is available on call at virtually all hours of the day. Porat has three children with her husband Paduano. [32] At Google, in addition to Finance, Porat also has Business Operations, "People Ops", Google's human resources function, Real Estate and Work Place Services reporting to her. [15], During the financial crisis, Porat led the Morgan Stanley team advising the United States Department of the Treasury regarding Fannie Mae and Freddie Mac, and the New York Federal Reserve Bank with respect to AIG. https://www.thefamouspeople.com/profiles/ruth-porat-50446.php Lynda Weinman is married to Bruce Heavin, who co-founded the online education site Lynda.com with her. And there’s no question that it’s a big deal when one of the most powerful women in finance decides that the grass — or at least the money — is greener on the other side of the country. Frieda, in turn, pursued a career as a psychologist and organizational consultant, founding the Center for Creativity and Growth and writing several books, including “Creative Procrastination,” “Creative Life Management” and “Creative Retirement.” She died in 2012. Significance to her net worth, she has estimated her net worth around $70 million dollars. “I hope my children and their children will not fall prey to this way of thinking.”, Haaretz.com, the online edition of Haaretz Newspaper in Israel, and analysis from Israel and the Middle East, © Haaretz Daily Newspaper Ltd. All Rights Reserved. And a brief look at her family history reveals that the forces that led them to end up in northern California were nothing less than the defining events of 20th century Jewish history: the Holocaust and the founding of the state of Israel. "Google Makes So Much Money, It Never Had To Worry About Financial Discipline--Until Now". [10] Porat is a survivor of breast cancer. Porat was born to Dr. Dan and Frieda Porat. “Frieda wanted to move back to Israel because she could not physically tolerate the New England climate,” Dan Porat wrote in his memoir. Ruth Porat married now-lawyer Anthony Paduano in 1983, to a New York Times announcement that seemed to know in advance that Porat would be a big deal: “Ruth Porat Wed To Law Student.” Paduano is a partner in the law firm Paduano & Weintraub, LLP, a practice “devoted exclusively to litigation,” but of all types. While advertising has been Google’s biggest revenue generator, under Ruth’s leadership and planning, the company has reported a steady increase in its non-advertising earnings as well. She serves as a vice-chair of the Board of Trustees of Stanford University. Institutional Investor magazine, has named her as the ‘Best Financial Institution CFO’ in the year 2014 and ‘Best Internet CFO’ in 2018. “I saw her suffer in the cold she was not used to and promised to bring her to a climate close to that of Israel.”. Mayer and Bogue run half-marathons together, and have a replica of a Palo Alto diner in their backyard. The couple owned a house in Palo Alto, CA. While Porat may bring a wealth of experience from Wall Street to one of the world’s richest companies, her father has expressed the hope that his children will never be motivated by money alone. By using WikiNetworth.com you agree to our Terms of Use and Privacy Policy. She was ranked 21 on the Forbes list of world’s most powerful women and 9th on the most powerful women list by Fortune magazine in 2018. She made a presentation on the reforms and financial legislations to follow, post the crisis period, to Bretton Woods Committee in May 2011, and spoke about the importance of trust within the financial sector, at the World Economic Forum in 2013. Celebrity Article, Biography and Net Worth. When they married in 1997, they were working for McKinsey and Golman Sachs respectively. She was quite an academician since she later went on to get a Master of Business Administration from the University of Pennsylvania’s The Wharton School. “You’re at the table because people want your voice. Porat is also a breast cancer survivor that she overcame in 2001 and 2004. [16][17] Her financial partner during the Internet investment banking craze was Mary Meeker, the godmother to Porat's three children. The powerful lady is able to achieve the success because of her work in the financial sector. Ruth Porat (born 1958) is an American business executive, serving since 2015 as the chief financial officer (CFO) of Alphabet Inc. and its subsidiary Google. The famous American financial executive has risen to fame due to her immense success in work. She was a former chief Financial officer and Executive Vice President of Morgan Stanley since January 2010 to May 2015. Whether be it with showing her support against sexual harassment at the workplace, or cutting down funding for impractical divisions at Google, she is a strict disciplinarian, who has a solution ready for a crisis, even before it happens. in Industrial Relations from LSE (London School of Economics), and completed her MBA from Pennsylvania University’s Wharton School. She was made Vice Chairman of the Investment Banking division and served at this position from 2003 to 2009. Mitchell Baker calls her husband, Casey Dunn, “one of Mozilla’s great anonymous contributors.” Dunn was previously a software developer at Stanford University and is currently part of CZWX LLC, a Silicon Valley software development consulting firm. Couch became a stay-at-home dad to the couple’s three children when they moved to London for Ahrendts’ job as the CEO of Burberry. It’s easy to forget that. Porat was then named “Best Financial Institutions CFO” in a poll conducted by Institutional Investor for its “2014 All-America Executive Team”. She also holds a master’s degree in industrial relations from the London School of Economics. Before that, Murray worked in private equity and graduated from Harvard Business School. Published contents by users are under Creative Commons License. In 1954 they moved to England, where Ruth was born, so Dan could pursue his graduate studies in physics. The pair met when they were both starting out in business and were training in the General Motors Institute. Porat has also shared how frightening her diagnoses were for her and her three children and how far … Being born in Sale, Cheshire, England, Porat moved at a young age to Cambridge, Massachusetts, where her father was a research fellow in the physics department at Harvard University. Ruth Porat is a member on the council of several advisory boards, vice chair of Stanford University’s Board of Trustees, and a Board of Director of its management company. Her net worth is not yet determined. Dan Porat volunteered to fight in the British army. She and Dan married in 1946, and he fought in Israel’s War of Independence. Porat and her husband owned this home from 2002-2008. Copyright © 2020. Bogue went to Harvard as an undergraduate and Georgetown for law school. She also played an important advisory role in the New York Federal Reserve Bank’s dealing of insurance firm AIG. Porat began her career at Morgan Stanley in 1987 and later left in 1993 to follow Morgan Stanley President Robert F. Greenhill to Smith Barney. “One of the dangers of our times is materialism that leaves the soul empty and creates an illusion whereby higher consumption is equated with a better life,” Dan Porat, now 91, wrote in his memoir. She has worked at Morgan Stanley since 1987, with one interruption, and during the 1990s she was co-head of the firm’s technology investment banking group. There, her umbrella of responsibility covered Business Operations, People Operations, and Real Estate Services along with the Finance division. Born: Sale, Cheshire, England. Featuring in the list of world’s most powerful women in technology and finance, she has been making waves in the industry through her stern leadership and firm actions. She is the daughter of Dr. Dan and Frieda Porat. However, the climate did not agree with Frieda. [40] She is a member of the Advisory Council of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution,[41]and the Economic Strategy Group at the Aspen Institute. Her family moved to California when she was five-years old, where she graduated from Stanford University with an economics degree, followed by an MSc. Early in her career, Ginni was offered a job promotion but was unsure whether she was ready, and debated whether she should take it. The same year, Ruth Porat and Mary Meeker led the team working on solutions to keep client companies afloat during the dot-com crash. Ruth left Morgan Stanley to join Alphabet Inc. in May 2015 and took up the position of CFO and Senior VP. Having survived her struggle with breast cancer twice, Ruth finds a reason to continue working with renewed zest everyday of her life. She is a breast cancer survivor having defeated the disease in 2001 and again in 2004. [3] Bloomberg Business reported that her hiring deal amounted to $70 million. In 2014, Porat and her husband, Anthony Paduano, established a post-doctoral fellowship in her father’s name for the study of physics at Stanford, honoring his dogged and ultimately successful efforts over the years to complete his education, even taking correspondence courses while he served in the British army during World War II. There are no rumors scattered on the internet regarding their divorce and extra-marital affairs. Harsh went to Harvard before going to Oxford as a Rhodes Scholar. Before becoming CFO, she served as vice chairman of investment banking from September 2003 to December 2009 and the global head of the Financial Institutions Group from September 2006 to December 2009. Ruth Porat married now-lawyer Anthony Paduano in 1983, to a New York Times announcement that seemed to know in advance that Porat would be a big deal: “Ruth In an interview, she says that she is encouraging more women in the banking sector. Ruth Porat, an American business magnate, is the Chief Financial Officer of Google and its parent company Alphabet Inc. Padmasree Warrior and her husband, Mohandas (Mohan) Warrior met at Delhi’s prestigious Indian Institute of Technology. Bogue is a former lawyer and a founder of Data Collective, an investment fund focused on “big data” companies. Ruth Porat has been chief financial officer of Google's parent company, Alphabet, since 2015. In 2019, Porat was listed as the 19th most powerful woman in the world by Forbes, and seventh on Fortune's Most Powerful Women list in 2020. [45], Porat has been married to Anthony Paduano, a partner in the law firm Paduano & Weintraub, since 1983. [27] She was named "Best Financial Institutions CFO" in a poll conducted by Institutional Investor for its "2014 All-America Executive Team". Her family was Jewish. She was one of the few top female executives who participated in the Google Walkout for Real Change and also fielded questions from employees. [20] In May 2011, she presented to the Bretton Woods Committee hosted by the International Monetary Fund in Washington, D.C., on post-crisis reform and financial legislation, and to the World Economic Forum in Davos in 2013 on "trust" levels within and of the financial sector. Diagnoses were for her and her husband, Australian-born Cameron Poetzscher, 1996... Rometty for over 30 years diner in their backyard the hectic schedule, she supported mass. International Relation Change and also about how her firm is working on solutions to keep client companies afloat during dot-com! Then they have both gone on to high positions at two of Silicon Valley 's hottest tech.. 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