Rick Rieder is the Chief Investment Officer of Global Fixed Income at BlackRock, the world’s largest asset manager. He became widely known in January 2026, when he emerged as a leading contender to become chair of the Federal Reserve. This article covers his career, his Fed chair bid, and which personal details, such as age and net worth, are and are not verified. I could not confirm a Wikipedia page for him.
Latest Update: October 5, 2026
As of October 5, 2026, Rieder is still at BlackRock. The firm’s Global Allocation Fund commentary dated September 18, 2026 lists him as Chief Investment Officer of Global Fixed Income and Head of the Global Allocation Team. He did not become Fed chair. President Trump nominated Kevin Warsh in January 2026, and Warsh assumed office as the 17th Fed chair on May 22, 2026, according to Wikipedia. No new development about a Fed role for Rieder has been independently verified.
Who Is Rick Rieder?
BlackRock’s biography calls Rieder a senior managing director who leads its fundamental fixed income business and global allocation team. A 2025 Milken Institute profile says he is responsible for roughly $2.7 trillion in assets. He sits on BlackRock’s Global Executive Committee and chairs its firm-wide Investment Council. He also serves on Alphabet’s investment advisory committee. The trillions of dollars he manages for clients are not his personal money, and some websites wrongly list that figure as his net worth.
Background and Education
Emory University’s trustee biography says Rieder earned a BBA in finance from Emory in 1983 and an MBA from the Wharton School of the University of Pennsylvania in 1987. Several biography sites say he grew up in Scarsdale, New York, and that his father founded an office-supply company and his mother a chain of chocolate stores. These claims come from low-quality websites, and I could not confirm them in a reliable source.
Career Path
Early Career and Lehman Brothers
He began as a credit analyst at SunTrust Banks in Atlanta. From 1987 to 2008 he worked at Lehman Brothers, ending as head of the firm’s Global Principal Strategies team.
R3 Capital and BlackRock
He then served as president and CEO of R3 Capital Partners. He joined BlackRock in 2009, when it took over R3’s business, and he has led its fixed income investing since. SEC filings from 2017 also list him as a member of the Federal Reserve Bank of New York’s investment advisory committee.
Awards and Public Roles
Morningstar named him Outstanding Portfolio Manager for 2023. He was inducted into the Fixed Income Hall of Fame in 2013 and named Global Unconstrained Fixed Income Manager of the Year by Institutional Investor in 2015. He chairs the board of North Star Academy’s charter schools in Newark, New Jersey, and founded Graduation Generation Public School Collaboration in Atlanta. He is also an Emory trustee.
The 2026 Fed Chair Race
Treasury Secretary Scott Bessent said the White House’s search started with 11 candidates and narrowed to four finalists: Kevin Hassett, Kevin Warsh, Christopher Waller, and Rieder. Rieder was the last finalist to be interviewed, in mid-January 2026. On January 21, Trump called him “very impressive” in a CNBC interview, and prediction markets then made him the favorite, with Polymarket odds reaching about 60% by January 26. Reports at the time described him as a Washington outsider who had never worked at the Fed.
Trump named Warsh instead, and Warsh was confirmed and took office on May 22, 2026. A CNN story published January 29 also noted that Rieder had donated to Democratic candidates in the past. If he had been chosen, federal ethics rules would have required him to leave BlackRock and divest conflicting holdings.
Rick Rieder Age
His date of birth has not been published by BlackRock or in a reliable source I found. His 1983 undergraduate degree points to a birth year around 1961, and two websites give July 1961 and September 15, 1961, but those sources conflict and are not verified. That would make him roughly 64 or 65. I am not stating an exact age.
Family
Rieder keeps his family life private. Low-quality websites disagree on his wife’s name (one says Debra Leib Rieder and another says Susan) and on the number of children, so I am not publishing names. His family details are not verified.
Rick Rieder Net Worth
Rick Rieder’s net worth has not been publicly verified. BlackRock does not disclose his compensation or holdings in the sources I found. Third-party estimates disagree widely:
| Source type | Claim |
|---|---|
| A net worth website (2025) | About $60 million (range $54 million to $67 million), with no cited basis |
| Another website (2026) | $100 million to $150 million, with conflicting numbers on the same page |
| InsiderTrades (2024) | At least $1.52 million, counting only his shares in one BlackRock fund |
| Several biography sites | “$1.2 trillion” or “$2.7 trillion,” which confuses the assets he manages for clients with his own wealth |
Treat all of these as unverified. The trillion-dollar figures are plainly wrong.
Religion and Height
His religion and height are not documented in reliable sources.
Quick Table
| Full Name | Richard M. “Rick” Rieder |
|---|---|
| Date of Birth | Not verified (reported 1961) |
| Nationality | American |
| Occupation | Chief Investment Officer of Global Fixed Income, BlackRock |
| Known For | Leading BlackRock’s fixed income business; 2026 Fed chair finalist |
| Education | BBA, Emory University (1983); MBA, Wharton (1987) |
| Prior Employers | SunTrust Banks; Lehman Brothers (1987-2008); R3 Capital Partners |
| Joined BlackRock | 2009 |
| Assets Managed | About $2.7 trillion (client assets, not personal wealth) |
| Spouse / Children | Not verified |
| Net Worth | Not publicly verified |
Reader Questions
Who is Rick Rieder?
Rick Rieder is BlackRock’s Chief Investment Officer of Global Fixed Income and head of its Global Allocation team, and was a finalist for Fed chair in January 2026.
Did Rick Rieder become Fed chair?
No. President Trump nominated Kevin Warsh, who took office as chair on May 22, 2026.
How old is Rick Rieder?
His exact age has not been verified. He earned his undergraduate degree in 1983, and reports suggest he was born around 1961.
What is Rick Rieder’s net worth?
It has not been publicly verified. Online estimates range from about $60 million to $150 million, and none cites a reliable basis.
How much money does Rick Rieder manage?
BlackRock-related profiles say he is responsible for roughly $2.7 trillion in client assets. That is not his personal wealth.
Where did Rick Rieder go to school?
He has a BBA in finance from Emory University (1983) and an MBA from the Wharton School (1987).
Wrap-Up
Rieder spent more than three decades in bond markets, from Lehman Brothers through R3 Capital to BlackRock, and a few weeks in January 2026 put him at the center of the search for the next Fed chair. He lost that race to Warsh but remains one of the most visible bond investors in the United States.
As of October 5, 2026, Rick Rieder is BlackRock’s CIO of Global Fixed Income. His age, family, and personal net worth remain unverified.
Disclaimer
This article is based on publicly available sources checked on October 5, 2026. Net worth figures are unverified third-party estimates, and birth date and family details could not be confirmed. This is not financial advice.
