Jared Vennett (Greg Lippmann): Biography, Career, and Business Insights

Jared Vennett (Greg Lippmann)’s Profile Summary

Company	LibreMax Capital
Position	Jared Vennett, the character from The Big Short, is based on the real-life trader Greg Lippmann. While there is no public record of a firm named Vennett Capital, Greg Lippmann co-founded LibreMax Partners, where he serves as Managing Founding Partner, Chief Investment Officer, and Portfolio Manager
Source of wealth	Management and performance fees from LibreMax Partners, profits from trading CDOs and ABS at Deutsche Bank during the housing market crash
Also known as	Expert on structured financial products, public speaker at financial forums.
Age	Unknown
Education	University of Pennsylvania – BA in Economics, Minor in English
Citizenship	United States
Residence	New York City, USA
Family	Greg Lippmann (the real-life inspiration for Jared Vennett) is married to Kimberly, and they have children.
Website, Social Media	https://www.libremax.com/

Biography

Jared Vennett, portrayed in The Big Short and based on real-life financial expert Greg Lippmann, rose to prominence during the 2007-2008 financial crisis. Lippmann was the Global Head of CDO and ABS Trading at Deutsche Bank, where he identified flaws in the mortgage-backed securities market. His foresight into the impending collapse allowed him to make significant profits by betting against subprime mortgages, which earned him a reputation for being ahead of the curve. Lippmann’s work at Deutsche Bank made him a key figure during the financial crisis, and in 2010, he co-founded LibreMax Partners, an asset management firm specializing in structured products. He continues to work as the firm's CIO and Portfolio Manager. Lippmann graduated magna cum laude from the University of Pennsylvania, and prior to Deutsche Bank, he worked at Credit Suisse, gaining extensive experience in non-investment-grade securities trading

How did Jared Vennett (Greg Lippmann) make money?

Jared Vennett (Greg Lippmann) makes money in the following areas:

Management and performance fees from LibreMax Partners, profits from trading CDOs and ABS at Deutsche Bank during the housing market crash
What is Jared Vennett (Greg Lippmann) net worth?

As of 2026, there is no publicly available and reliable information regarding Jared Vennett (Greg Lippmann)’s net worth.

What is Jared Vennett (Greg Lippmann) also known as?

Greg Lippmann, upon whom Jared Vennett is based, is also recognized for his deep expertise in structured financial products, particularly mortgage-backed securities and CDOs. Beyond his role in the financial sector, Lippmann has spoken at major financial forums, including the Forbes Iconoclast Summit, where he provides insights on market conditions and investment strategies. He has also served on advisory boards of cultural and educational institutions such as the South Fork Natural History Museum and the American Museum of Natural History, indicating his involvement in philanthropy and support of the arts

Prominent achievements

Lippmann is best known for making approximately $1.5 billion from his successful bets against the housing market during the financial crisis, co-founded LibreMax Partners, recognized as an expert in structured financial products, served as a key speaker at financial forums like the Forbes Iconoclast Summit

What are Jared Vennett (Greg Lippmann)’s key insights?

Greg Lippmann's business philosophy revolves around identifying market inefficiencies and being willing to go against the mainstream. His foresight in recognizing the flaws in mortgage-backed securities allowed him to capitalize on the 2008 financial crisis. He emphasizes the importance of understanding market risk and believes in taking calculated risks when opportunities arise, even when they are unpopular or contrarian

Personal life

Greg Lippmann has been married to Kimberly since 2002, and they have a family together, although details about his children remain private. The couple resides in New York, and Lippmann maintains a low profile regarding his personal life and family

Useful insights

Decision-making and success

Making the right decisions at the right time is often what sets successful people apart. Drawing on the experience of Ray Dalio, founder of Bridgewater Associates, here are some key lessons for improving your decision-making and achieving long-term success.

Create a decision-making framework

Ray Dalio advocates for a clear, principles-based approach to decision-making. Establish a set of guiding principles that you consistently apply when faced with choices. This will help you stay focused and avoid emotional or impulsive decisions.
Embrace transparency and open feedback

Dalio’s philosophy of radical transparency is about creating an environment where honest feedback is encouraged. Whether in your career or personal life, being open to criticism and maintaining transparency will help you grow and make better decisions.
Prepare for risks and manager them wisely

Success isn’t just about making the right moves—it's also about managing risks effectively. Always consider worst-case scenarios and have a plan in place to navigate them. Risk management is a crucial part of any decision-making process.