Age, Biography and Wiki

John J. Ray III was born on 1959, is a lawyer. Discover John J. Ray III's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 64 years old?

Popular As N/A
Occupation Attorney, CEO of FTX
Age 64 years old
Zodiac Sign
Born 1959
Birthday 1959
Birthplace N/A
Nationality

We recommend you to check the complete list of Famous People born on 1959. He is a member of famous lawyer with the age 64 years old group.

John J. Ray III Height, Weight & Measurements

At 64 years old, John J. Ray III height not available right now. We will update John J. Ray III's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
Sibling Not Available
Children Not Available

John J. Ray III Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is John J. Ray III worth at the age of 64 years old? John J. Ray III’s income source is mostly from being a successful lawyer. He is from . We have estimated John J. Ray III's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income lawyer

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Timeline

2022

When cryptocurrency company FTX declared Chapter 11 bankruptcy on November 11, 2022, Ray was appointed to succeed Sam Bankman-Fried as the company's CEO. Six days later, in a filing with the United States Bankruptcy Court for the District of Delaware, Ray stated that in over 40 years of his experience in dealing with insolvencies, he had never encountered "such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here". In addition, he stated that FTX was managed by "a very small group of inexperienced, unsophisticated and potentially compromised individuals".

2019

Having led one reorganization, Ray formed Avidity Partners LLC, a firm specializing in serving as a receiver, trustee and claims agent in insolvency proceedings. Clients included AbitibiBowater, National Century Financial Enterprises, Pac-West Telecomm He formed a new firm, Greylock Partners, providing similar services to Nortel, Residential Capital, Oversheas Shipholding and others. In 2019 Greylock changed its name to Owl Hill Advisory.

2016

In 2016, Ray managed a trust which liquidated the assets of the major subprime mortgage services company Residential Capital.

2014

In 2014, Ray was appointed as an independent board member for GT Advanced Technologies.

2010

Starting in 2010, Ray was the principal officer of the bankrupt Canadian telecommunications company Nortel.

2004

After Enron emerged from its Chapter 11 bankruptcy in 2004, Ray was appointed to chair the effort to recover assets for creditors through litigation against numerous banks. He served in that role through 2009. Under Ray’s leadership, the company returned $828.9 million to its creditors, which Ray said was nearly 52 cents on the dollar.

1984

Ray started his career at Touche Ross, an accounting firm that later merged into Deloitte, before moving to the law firm Mayer Brown in 1984 and then to Waste Management. Soon after he was hired as general counsel of Fruit of the Loom in 1998, the clothing company posted massive losses and filed for Chapter 11 bankruptcy reorganization, with Ray managing the sale of the firm's assets.

1959

John J. Ray III (born January 1959) is an American attorney and CEO who specializes in recovering funds from failed corporations. He was appointed CEO of cryptocurrency exchange FTX in the aftermath of its November 2022 collapse. He previously served as chairman of Enron Creditors Recovery Corp., a company tasked with recovering creditor funds from Enron in the wake of its accounting scandal and subsequent collapse.