Ranking Of The World Richest Lawyers
I thought it might be fun and interesting to look at the world richest lawyers. We're talking about people who have a net worth of at least $8 million. How did they get so much money?
K. N.Feb 07, 202316 Shares912 Views
I thought it might be fun and interesting to look at the world richest lawyers. We're talking about people who have a net worth of at least $8 million. How did they get so much money?
These people have tried all kinds of cases, from the big and boring to the interesting and strange. Over the course of long careers, they've made a lot of money and continue to be at the top of their fields as hard-working pioneers.
If you want to be one of the richest lawyers in the world, the first thing you need to do is save your first $100,000. You can start by downloading our free budget template.
Becoming The World's Richest Lawyer
Who is the lawyer with the most money? At first glance, the question seems easy. But the answer really depends on what point of view you approach the question from.
Some of the wealthiest lawyers made their money through business ventures in addition to their legal careers, while others made their money only by winning cases for their clients.
Here, we'll talk about some of the wealthiest lawyers in the world and how they got to be so rich.
Wichai Thongtang
Wichai Thongtangis a powerful corporate billionaire lawyer in Bangkok, Thailand. In 2001, he successfully defended former Thai Prime Minister Thaksin Shinawatra in a case about hiding assets. That case made this simple farm boy famous right away in Thailand and around the world.
Thongtang got his law degree from Thammasat University in the 1970s and started working as a lawyer for Thai executives and their companies. He got rich by being a capitalist and following Felix Dennis's rule: "If it flies, floats, or makes love, rent it and let your lawyer's earnings grow your investments."
Even though he is still the chairman of his namesake international law firm, most of Thongtang's wealth comes from strategic investments he has made over the course of his career. These investments include a Thai cable company and several hospital-related holdings.
Charlie Munger
Charlie Munger is best known as Warren Buffett's partner at Berkshire Hathaway, but he is also a Harvard-educated lawyer with a big bank account. Most of his wealth comes from Berkshire Hathaway, but he also helped start the law firm Munger, Tolles & Olson LLP in 1962.
Eventually, Munger stopped being a lawyer when he realized he could make a lot more money managing his own investments and working with Warren Buffett. That was a good financial decision to leave the law firm he had started in 1962 and go into business with Buffett. I bet his friends at the time thought he was crazy.
Bill Neukom
Bill Neukom, who went to Stanford Law School, was Microsoft Corporation's top lawyer for almost 25 years. He led the company through dangerous antitrustand intellectual property litigation with skill. One of his most famous cases was United States v. Microsoft, also known as the "trial of the century."
As the Vice President of Law and Corporate Affairs at Microsoft, he was in charge of the company's legal and government affairs as well as its charitable work. Neukom was chosen in the end to lead the American Bar Association from 2007 to 2008.
Neukom went on to become the CEO of the San Francisco Giants from 2008 to 2011. He led the team to its first World Series win since it moved to California in 1958. He is now the founder, president, and chief executive officer of the World Justice Project.
His foundation works to improve the rule of law and help communities around the world become more fair and full of opportunity.
Bill Lerach
William "Bill" Lerach got his law degree from the University of Pittsburgh School of Law, and securities class action lawsuits were his specialty.
This is when investors sue companies from which they bought publicly traded securities but lost money because important information was left out of the sale.
He is best known for suing Enron for securities fraud and winning, which led to the largest settlement in US history of $7.2 billion.
In 2007, Lerach was found guilty of obstructing justice. He got two years in prison and was kicked out of the California State Bar because of this. His fortune is worth about $900 million.
Joe Jamail
Even though Joe Jamail died in 2015, he still deserves to be called the "King of Torts." At the time of his death, he was the wealthiest lawyer who was still working. His fortune was worth an estimated $1.7 billion.
In 1985, he helped Pennzoil win a lawsuit against Texaco. This was his most well-known case, and it earned him $335 million.
Some of the best lawyers have made a lot of money over the course of their careers. But, like Thongtang, lawyers can often increase their net worth by investing in businesses as well as practicing law.
Willie Gary
Willie E. Gary is another lawyer from the United States. He was born in Eastman, Georgia. After getting his undergraduate degree at Shaw University, he went to North Carolina Central University School of Law to get his J.D.
Willie earned the nickname "The Giant Slayer" because he took on big names in his field, like Anheuser-Busch and Disney, and beat them. He got a $240 million judgment against the second company because it stole the idea for the ESPN Wide World of Sports Complex.
Steuart Walton
As a member of the billionaire Walton family, businessman and lawyerStuart Walton was born into wealth.
He went to college at the University of Colorado Boulder for his undergraduate degree and to Georgetown University Law Center for his law degree. Stuart worked as a lawyer in Chile before joining his family's business, Walmart, where he worked in the mergers and acquisitions department.
He is currently a Walmart director and helped start the private equity firm RZC Investments. He also started a company that makes composite aircraft. This company is called Game Composites.
People Also Ask
How Much Money Do The Richest Lawyers Make?
10% of all lawyers make more than $208,000, and they are the highest-paid ones. But the top 1% of lawyers make at least $500,000 a year.
Can A Lawyer Be A Billionaire?
Different types of law can make you more money, but corporate, criminal, patent, tax, real estate, and intellectual property law are the most lucrative and can make you a billionaire.
How Much Do The Top 1% Of Lawyers Make?
According to the Bureau of Labor Statistics, the average salary for an attorney in the United States is $144,230. Ten percent of lawyers earn more than $208,000. The best 1% of lawyers make more than $500,000 a year.
Conclusion
One of the highest-paying jobs in the world is being a lawyer. But some lawyers have made so much money that most of us can only dream of it. And maybe the best way to get on PureNetWorth is to become a rich lawyer because you will make so much money and will be among the world richest lawyers.
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