Herbert Sandler, renowned for his prowess in the realms of business and philanthropy, left an indelible mark upon both sectors during his lifetime.
An American lawyer, banker, and philanthropist, Sandler, alongside his wife Marion, orchestrated the remarkable transformation of Golden West Financial, a modest California bank, into a behemoth within the mortgage lending landscape of the United States.
Their visionary leadership culminated in the sale of the company to Wachovia in 2006 for a staggering $24 billion, a testament to their business acumen.
Herbert Sandler’s legacy is not only etched in the annals of financial success but also in the countless lives touched by the altruism and generosity that defined his and Marion’s philanthropic pursuits.
His passing on June 5, 2019, marked the end of an era, yet his legacy continues to inspire and uplift communities worldwide. In this article, we’ll talk about Herbert Sandler net worth, age, height, weight and more.
What Is Herbert Sandler Net Worth?
Herb Sandler, the esteemed American lawyer, banker, and philanthropist, left behind a legacy of remarkable achievements and profound generosity upon his passing on June 5, 2019, at the age of 87.
With a net worth estimated at $800 million at the time of his demise, Sandler’s entrepreneurial journey was characterized by transformative ventures and benevolent endeavors.
Together with his wife Marion, he spearheaded the expansion of Golden West Financial, elevating it from modest beginnings to one of the foremost mortgage lenders in the United States.
Herb Sandler’s enduring legacy resonates not only through his unparalleled achievements in business but also through his profound impact on the world of philanthropy, where his generosity continues to uplift countless lives and communities.
| Year | Net Worth | Increase Rate |
| 2024 | 800 million | 8.10% increase |
| 2023 | 740 million | 8.82% increase |
| 2022 | 680 million | 9.67% increase |
| 2021 | 620 million | 8.77% increase |
| 2020 | 570 million | N/A |
Herbert Sandler Age and Education
Herb Sandler, born on November 16, 1931, in New York’s Lower East Side, was deeply influenced by his upbringing and family heritage. Raised by parents who were immigrants from eastern Europe, Herb developed a strong work ethic and determination from a young age.
His admiration for his older brother Leonard, who achieved success as an appellate justice, instilled in him a desire for intellectual pursuits.
Despite facing economic challenges, Herb’s academic prowess led him to excel, completing Stuyvesant High School by the age of 15. He continued his education with the support of a free college program, graduating from the City College of New York in 1951.
Subsequently, he pursued a legal career, graduating from Columbia Law School in 1954. This solid educational foundation, coupled with his military service and experiences in San Francisco, would shape Herb’s future endeavors and commitments to both law and philanthropy.
Herbert Sandler Career
Herbert and Marion Sandler’s journey from humble beginnings to financial titans is a testament to their acumen and dedication. Their vision and leadership transformed Golden West Financial from a modest California bank into a powerhouse of the mortgage industry, renowned for its risk-averse approach and high-quality loans.
Their decision to sell the company to Wachovia in 2006 for $24 billion marked a monumental success, with the Sandlers reaping a $2.4 billion windfall from their 10% ownership stake. Yet, their story isn’t just one of financial success; it’s also one of philanthropy and social responsibility.
The couple’s generous donation of $1.3 billion to the Sandler Foundation, which supports scientific research and endeavors such as asthma prevention and responsible lending practices, underscores their commitment to making a positive impact beyond the realm of business.
Despite the challenges that emerged post-sale, including the fallout from the 2008 housing crisis, the Sandlers’ legacy endures through their foundation’s ongoing contributions to critical causes and their enduring influence on the financial landscape.
Herbert Sandler Wife
Marion Osher Sandler, who passed away in 2012, left an indelible mark not only on the financial world but also on the hearts of those who knew her. As the co-CEO of Golden West Financial Corporation and World Savings Bank alongside her husband Herbert Sandler, Marion was a beacon of courage, intellect, and unwavering standards.
Herb, her devoted partner, often expressed his profound gratitude for the privilege of sharing his life with Marion, acknowledging her as the source of his confidence and inspiration. Following her passing, Herb found solace in family, friends, and the continuation of their shared philanthropic endeavors.
Despite the absence of Marion’s vibrant presence, Herb remains dedicated to honoring her legacy, cherishing memories, and preserving their remarkable journey together through an oral history project at UC Berkeley. Marion’s spirit lives on through Herb’s enduring love and the profound impact they made together.
Quick Info
| Real Name | Herbert Sandler |
| Nick Name | Herbert Sandler |
| Profession | Banker, Businessperson |
| Birthday | Sep 16, 1931 |
| Died Date | Jun 5, 2019 |
| Gender | Male |
| Zodiac Sign | Leo |
| Age | Died at 87 Years Old |
| Height | In feet: 5’9” In meter: 1.79 m In CM: 179 cm |
| Weight | In Kilograms: 75 kg In Pounds: 165 lbs. |
| Relationship | Married |
| Children | Unknown |
| Parents | Father: William B. Sandler Mother: Hilda Sandler |
| Email Address | Not Available |
| WhatsApp Number | Not Available |
| Discord/Telegram Number | Not Available |
| Personal Website | https://www.herbsandler.com/ |
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| TikTok | Not Available |
| Wikipedia | Not Available |
| Snapchat | Not Available |
| YouTube | Not Available |
Final Thoughts
Herb felt really fortunate to have been able to live. His greatest joy and tranquillity came from sharing his life and hobbies with his beloved Marion, but he also found tremendous satisfaction in knowing that he could use business and philanthropy to help alter the lives of others.
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