Age, Biography and Wiki

Jim O'Neill, Baron O'Neill of Gatley (Terence James O'Neill) was born on 17 March, 1957 in Manchester, is a BRIC economic theory. Discover Jim O'Neill, Baron O'Neill of Gatley'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 66 years old?

We recommend you to check the complete list of Famous People born on 17 March. He is a member of famous with the age 66 years old group.

Jim O'Neill, Baron O'Neill of Gatley Height, Weight & Measurements

At 66 years old, Jim O'Neill, Baron O'Neill of Gatley height not available right now. We will update Jim O'Neill, Baron O'Neill of Gatley's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Who Is Jim O'Neill, Baron O'Neill of Gatley's Wife?

His wife is Married

Jim O'Neill, Baron O'Neill of Gatley Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Jim O'Neill, Baron O'Neill of Gatley worth at the age of 66 years old? Jim O'Neill, Baron O'Neill of Gatley’s income source is mostly from being a successful . He is from British. We have estimated Jim O'Neill, Baron O'Neill of Gatley's net worth , money, salary, income, and assets.

Jim O'Neill, Baron O'Neill of Gatley Social Network

Timeline

Terence James O'Neill, Baron O'Neill of Gatley (born in 1957)) is a British economist best known for coining BRICs, the acronym that stands for Brazil, Russia, India, and China—the four rapidly developing countries that have come to symbolise the shift in global economic power away from the developed G7 economies. He is also a former chairman of Goldman Sachs Asset Management and former Conservative government minister. As of January 2014, he is an Honorary Professor of Economics at the University of Manchester. He was appointed Commercial Secretary to the Treasury in the Second Cameron Ministry, a position he held until his resignation on 23 September 2016. Since 2008, he has written monthly columns for international media organization Project Syndicate.

On 28 May 2015, he was created a Life Peer as Baron O'Neill of Gatley in the County of Greater Manchester and took up an unpaid post in HM Government as the Commercial Secretary to the Treasury. In this role O'Neill's primary role was to work on the 'Northern Powerhouse' project and to help reinvigorate trade with China. Following the resignation of David Cameron as Prime Minister his successor, Theresa May, kept O'Neill in post. On 23 September 2016, O'Neill resigned over concerns that May was not committed to the 'Northern Powerhouse' project making him the first member of May's ministry to resign. In April 2018 Lord O'Neill published the book Superbugs: an Arms Race Against Bacteria co-written with Anthony McDonnell and Will Hall, which tells the story of drug resistant infections and outlines the policy interventions he believes necessary to stop them.

In February 2013, the firm announced O'Neill's impending retirement, which took place two months later, in April 2013. He is a currently on the International Advisory Board of the Centre for Rising Powers at the University of Cambridge. O'Neill sits on the QFINANCE Strategic Advisory Board. He is also a member of the board of Bruegel, the European think tank for international economics. O'Neill is chairman of the Greater Manchester Local Enterprise Partnership Advisory Board, which advises on the growth of the Greater Manchester economy. On 2 July 2014 he was appointed by UK Prime Minister David Cameron to head an international commission to investigate global antimicrobial resistance. On 21 July 2014 O'Neill was awarded an Honorary Litt.D. degree by the University of Sheffield in recognition of his contribution to international economics. He furthermore has honorary degrees from the Institute of Education of the University of London, for his educational philanthropy, and from City University London for his services to banking and finance.

In 2013, O'Neill also coined the term MINT—Mexico, Indonesia, Nigeria, and Turkey—in order to differentiate among the variety of emerging economies. He plans to group this quartet as "growth markets" within the overall BRIC nations. In January 2014, O'Neill presented a four-part documentary series on this subject for BBC Radio entitled MINT: The Next Economic Giants.

In 2011, O'Neill coined the term MIKT, also known as MIST, for the countries of Mexico, Indonesia, South Korea, and Turkey. The term has largely fallen out of use, having been replaced by MINT (see below).

In 2010, he was named chairman of Goldman Sachs's Division of Asset Management, a newly created position in which O'Neill managed over $800 billion in assets by "leverag[ing]" his "global perspective on world markets". He continues to publish research regarding the global economy, in addition to coming up with innovative investment strategies for clients. His new appointment was regarded as a symbol of Goldman's "efforts to reposition itself for Wall Street's post-crisis era", one in which Goldman Sachs is "bullish" about the fact that emerging markets are "the future". In 2011, he was included in the 50 Most Influential ranking of Bloomberg Markets magazine.

O'Neill grew up in Gatley and attended Burnage Comprehensive and Sheffield University, where he studied economics. O'Neill is a huge football fan and played for the Bank of America's first team in London. He is a lifelong fan of Manchester United F.C. and served as a non-executive director from 2004 to 2005, before the club was returned to private ownership. On 2 March 2010, the Red Knights, a group of wealthy Manchester United fans believed to include O'Neill, confirmed interest in a possible takeover of the club.

The Next Eleven (known also by the numeronym N-11) are the eleven countries – Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey and Vietnam – identified by Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICS countries, among the world's largest economies in the 21st century. The bank chose these states, all with promising outlooks for investment and future growth, on December 12, 2005.

O'Neill has been called a "currency guru"; he has been hailed as "the top foreign-exchange economist anywhere in the world in the past decade". For example, in 2004 he accurately predicted that the euro would rise from $1.25 to $1.30 a year later; he was also right about the yen's rise in the mid-1990s. He was previously head of global economic research and commodities and strategy research at Goldman Sachs.

The criteria used were macroeconomic stability, political maturity, openness of trade and investment policies, and the quality of education. The N-11 paper is a follow-up to the bank's 2003 paper on the four emerging "BRIC" economies.

O'Neill coined the term "BRIC" in 2001 in "The World Needs Better Economic BRICs", a paper written for Goldman Sachs's "Global Economic Paper" series, on the four emerging "BRIC" economies Brazil, Russia, India, and China.

O'Neill obtained a B.A. degree in 1977 and an M.A. degree in economics from Sheffield University in 1978. He subsequently earned his Ph.D. degree from the University of Surrey in 1982, with a thesis titled An empirical investigation into the OPEC surplus and its disposal. O'Neill began his career in finance working at Bank of America in 1982. In 1985 he joined Marine Midland Bank as Economist for their International Treasury Management Division. After Marine Midland was purchased by HSBC he joined Swiss Bank Corporation in 1988 where he was in charge of the fixed income research group, and he served as SBC's chief of global research. He joined Goldman Sachs in 1997 and he was appointed as the head of global economics research in 2001, which is also when he published the seminal BRIC paper. Jan Hatzius replaced O'Neill as chief economist after O'Neill moved to Goldman Sachs Asset Management.