John Lawson Thornton (born January 2, 1954) is an American businessman and professor at Tsinghua University in Beijing, where he directs the Global Leadership Program. He is also the non-executive chairman of PineBridge Investments and the executive chairman of Barrick Gold Corporation Thornton left Goldman Sachs as a co-president in 2003.
Thornton is the son of John V. Thornton, a lawyer, and Edna Lawson Thornton, a former vice-chairman of the Consolidated Edison Company.
He was a member of the Hotchkiss School’s Board of Trustees and later served as its President.
Thornton earned a Bachelor of Arts in history from Harvard College in 1976, a Bachelor of Arts in jurisprudence (promoted to Master of Arts by seniority) from St John’s College, Oxford in 1978, qualifying him as a lawyer, and a master’s degree in public and private management (MPPM) from Yale School of Management in 1980.
] In 2003, he received an honorary doctorate from Bank Street College of Education. In 2007, Thornton was named a fellow of the American Academy of Arts and Sciences, and in 2009, he was made an honorary fellow of St. John’s College, Oxford University.
John L. Thornton Net Worth:
In the years 2021-2022, his net worth increased dramatically. So, at age 67, how much is John L. Thornton worth? John L. Thornton makes the majority of his money as a businessman. He is an American citizen. John L. Thornton’s net worth, money, salary, income, and assets have all been calculated.
|Net Worth in 2022||$1 Million – $5 Million|
|Salary in 2020||Under Review|
|Net Worth in 2019||Pending|
|Salary in 2019||Under Review|
In 1980, Thornton joined Goldman Sachs.
He established Goldman Sachs’ European mergers and acquisitions division in 1983. From 1995 to 1996, he was the co-CEO of Goldman Sachs International in London. From 1996 until 1998, Thornton served as Chairman of Goldman Sachs Asia, where he increased the firm’s regional presence throughout the Asian financial crisis.
In 1999, he was named co-president of Goldman Sachs. Thornton left Goldman Sachs in 2003 to become a professor at Tsinghua University in Beijing after then-CEO Henry Paulson postponed his retirement and Thornton’s scheduled promotion. Thornton is Tsinghua University’s first non-Chinese full professor since 1949. At the time of his employment, Thornton did not speak any Chinese languages. According to the New York Times, Thornton’s departure from Goldman was “not met with pushback from senior management.”
Between 1995 to 2002, Thornton served as non-executive chairman of Laura Ashley, a British apparel retailer.
In 1996, Thornton joined the Ford Motor Company board of directors. Thornton had been acquainted with William Clay Ford, Jr., then CEO and chairman of Ford, since their prep school days at The Hotchkiss School. When William Clay Ford, Jr.
won 400,000 shares in Goldman Sachs’ 1999 IPO, the largest individual award of that IPO by a considerable margin, their personal relationships were “sharply scrutinized” Goldman Sachs “spun hot IPO shares to preferred customers,” usually CEOs, as “an inducement to obtain investment banking business” from those clients, according to an escalating series of investigations and congressional hearings that began in 2002.
Between 1996 and 2002, Goldman Sachs received $87 million in investment fees from Ford Motor Company. A board ethics whistle-blower described Goldman’s participation in the bank’s actions with Ford as “the umpire and pitcher in the same game.” [
Thornton is the longest-standing independent director of Ford, serving on the compensation, finance, and nominating and governance committees. Thornton was instrumental in Ford’s survival through the financial crisis. Thornton was appointed as the first chairman of the Nelson Mandela Legacy Trust in the United States in 2005.
Margaret Bradham Thornton, John Thornton’s wife, is his life partner. The couple has four children together.
They live in Palm Beach, Florida, where the Thorntons have fought their neighbors in multiple legal disputes.
During a severe drought in 2011, The Wall Street Journal published a story exposing the high water use of wealthy Palm Beach homeowners.
Between June 2010 and May 2011, Thornton was a top-five water user, consuming 8,698,492 gallons. The average Palm Beach resident consumes 108,000 gallons of water each year.