Arthur Cashin's Impressive Financial Journey and Current Net Worth

Arthur D. Cashin, Jr., born on March 7, 1941, in New Jersey, currently serves as the Director of Floor Operations at UBS Financial Services on the New York Stock Exchange and regularly contributes market insights on CNBC.

As of mid-2016, estimates place Cashin's net worth at above $10 million, a figure built through over five decades of dedicated service on Wall Street. His extensive career began shortly after graduation from Xavier High School, where he was honored in 2010 with induction into the school's Hall of Fame.

Initially working as an assistant clerk at Thomson & McKinnon in 1959, Cashin quickly ascended the ranks, becoming a partner at P.R. Herzig & Co. at age 23—making him one of the youngest stock exchange members at the time. His trajectory continued upward when he briefly pursued a music career before returning to finance, ultimately joining PaineWebber in 1980 and later moving to UBS after its merger with the firm.

Within UBS, Cashin held influential roles including Director of Floor Operations and participation in the Market Performance Committee, overseeing critical aspects of trading activities. His leadership extends through advisory positions on multiple exchange committees, granting him global influence among investors and traders. Beyond operational duties, Cashin produces a widely-read daily market newsletter, "Cashin's Comments," and provides live analysis for CNBC, further enhancing his financial impact.

Beyond professional achievements, Cashin has engaged in philanthropic efforts such as organizing holiday meals for underprivileged families and supporting emergency relief funds for first responders. His personal life includes a late-in-life marriage and ongoing charitable commitments despite personal loss.

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