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Lewis Thompson Preston was an American banker who served as the president and chief executive officer of the Export-Import Bank of the United States from 1989 to 1991. Preston was born on August 5, 1926 in New York City. He attended Harvard University, where he earned a bachelor's degree in economics in 1948. He then attended Harvard Business School, where he earned a master's degree in business administration in 1950. Preston began his career in banking in 1950, when he joined the First National City Bank of New York (now Citibank). He rose through the ranks, eventually becoming the bank's president in 1976. In 1989, he was appointed president and chief executive officer of the Export-Import Bank of the United States. He served in this position until 1991. Preston was a member of the Council on Foreign Relations and the Trilateral Commission. He was also a director of the American Stock Exchange and the New York Stock Exchange. Preston died on April 8, 2016 at the age of 89.

Popular As N/A
Occupation N/A
Age 69 years old
Zodiac Sign Leo
Born 5 August 1926
Birthday 5 August
Birthplace New York City, U.S.
Date of death (1995-05-04)
Died Place Washington, D.C., U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 5 August. He is a member of famous banker with the age 69 years old group.

Lewis Thompson Preston Height, Weight & Measurements

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Who Is Lewis Thompson Preston's Wife?

His wife is Patsy Pulitzer
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Lewis Thompson Preston Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Lewis Thompson Preston worth at the age of 69 years old? Lewis Thompson Preston’s income source is mostly from being a successful banker. He is from United States. We have estimated Lewis Thompson Preston'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
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Source of Income banker

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Timeline

1995

In 1980 Preston was appointed CEO of J.P. Morgan & Co. He helped the company weather the storm of Silver Thursday in 1980 which had a wide negative impact on the banking industry. In 1984 he assisted in the bailout of Continental Illinois when it was seized by the Federal Deposit Insurance Corporation. He retired as CEO in February 1991. From September 1991 until his death in Washington D.C. on May 4, 1995 he was President of the World Bank.

1960

Preston worked at J.P. Morgan & Co. and its subsidiary Morgan Guaranty Trust Company for forty years. His first major contribution to the company was in the mid 1960s when he convinced the company to use trade in the newly formed Eurodollar market as source of liquidity; a move which greatly improved the prosperity of the company. In 1968 he was appointed vice president in charge of international banking, and under his tenure over half of the company's earnings came from the international banking sector in the 1970s. After eight years in that position he became vice chairman of the board of directors in 1976, and then president of the board in 1978.

1951

Born New York City, Preston was the son of Lewis T. and Priscilla Baldwin Preston. His father was a World War I flier and a well-known hunter. His grandfather was a partner in Standard Oil. Part of his youth was spent living in Paris. He served in the US Marines during World War II in the Pacific and as an aide to Navy Secretary James Forrestal who was a friend of his mother. He graduated from Harvard University with a degree in history in 1951, and was at one point during his education the captain of Harvard's hockey team. He was chosen for the United States men's national ice hockey team, but never ended up competing in the Olympics.

1926

Lewis Thompson Preston (August 5, 1926 – May 4, 1995) was an American banker. He was President of the World Bank from September 1991 until his death in May 1995.

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