Vincent Viola 101: Who Is a Successful Businessman? in our article of Zatrun.com as our readers are curious, we will cover in detail everything you need to know about Vincent Viola, a successful businessman and US Army veteran.
Who is Vincent Viola?
Vincent “Vinnie” Viola is a successful American businessman and a U.S. Army veteran born in 1956. He was briefly nominated by President Donald Trump to be the United States Secretary of the Army, but withdrew from the post. Viola previously served as the chairman of the New York Mercantile Exchange (NYMEX) and currently serves as the founder and chairman of Virtu Financial. He is also the proud owner of the Florida Panthers, an ice hockey team in the National Hockey League (NHL).
Viola is also the co-owner of the 2017 Kentucky Derby-winning racehorse Always Dreaming with his friend Anthony Bonomo from Brooklyn, and St. He is also the owner of Elias Stables. Viola and his wife Teresa live in New York with their three adult sons. in 2013, they put their Upper East Side townhouse up for sale for $114 million. In January 2021, they set a borough record by selling their townhouse in the Brooklyn Heights Historic District for $25.5 million. Viola and Teresa are passionate about horse racing and, respectively, St. They are the owners of Elias Stable and Teresa Viola Racing. They are also co-owners of Kentucky Derby winner Always Dreaming.
Education and Military Life:
Vincent Viola, an American billionaire businessman and US Army veteran, was born in 1956 to an Italian American family in the Williamsburg neighborhood of Brooklyn, New York. His father, John A, an immigrant from Italy. Viola worked as a truck driver after serving in the U.S. Army in the European theater of World War II. This situation made a significant impression on Viola in her youth.
After graduating from Brooklyn Technical High School, Vincent Viola attended the United States Military Academy, where he played on the sprint football team and became a military company commander of the E-4 Company in his senior year. he graduated from the United States Military Academy with a bachelor’s degree in 1977 and was commissioned as a lieutenant in the U.S. Army. Viola joined the 101st Infantry Division at Fort Campbell after graduating from the Infantry Officer Basic Course and Ranger School. He served for several years in the Airborne Division. He received his juris doctor from New York Law School in June 1983, but did not complete the bar exam.
Career Life:
in 1982, Vincent Viola started his career by raising $10,000 to buy a seat on the stock exchange at the New York Mercantile Exchange (NYMEX). During his tenure on the board, he played a vital role in the construction of NYMEX. Viola was the chairman of various committees such as Technology, Natural Gas Consultancy and Facilities Committee. He was also co-chairman of the Options Committee and vice-chairman of NYMEX from 1993 to 1996. He later became the chairman from March 2001 to March 2004. Viola’s bets on oil prices before and after the Gulf War earned him millions of dollars.
Vincent Viola has founded several businesses during his career. in 1987, he founded Pioneer Futures, which has become one of the fifty largest futures commission traders in the United States. in 1988, he founded The Independent Bank Group, a Texas-based regional bank that is traded on the NASDAQ (IBTX). Viola was one of the two partners who founded EWT, LLC and Madison Tyler, LLC. It was previously located in Beverly Hills, CA. He managed to personally enrich himself using electronic trading techniques, making him one of the richest people in the world. in 2008, Viola founded Virtu Financial, a company specializing in electronic market making.
Viola launched Virtu Financial in April 2015 and the company is trading as a NASDAQ listed company (VIRT). Leah McGrath Goodman’s 2011 book “The Asylum: The Renegades Who Gasted the World’s Oil Market” describes Viola’s personality and leadership style. Goodman notes that Viola was “unhinged,” but according to former NYMEX president Lou Guttman, she didn’t lose control of her emotions easily. Guttman describes Viola as a “tough guy from Brooklyn” who displays leadership and attracts people with his exceptional speaking skills. Viola is known as a smart businessman who has been able to achieve a net worth of $1.78 billion as of December 2016.
Nomination for Secretary of the Army:
Vincent Viola’s nomination for the position of Secretary of the Army was announced by then-President-elect Donald Trump on December 19, 2016. The announcement caught Secretary of Defense General James Mattis off guard, as he was not informed of the decision in advance. Despite the fact that the Minister of the Army is directly under his supervision. Mattis expressed concerns about potential conflicts of interest that have not yet been fully investigated.
Viola withdrew his name from consideration on February 3, 2017, citing his failure to comply with Pentagon regulations regarding his personal business interests. According to the Military Times, Viola was exploring various options to divest from his business ventures, such as transferring ownership of the Florida Panthers to family members and transferring operational responsibilities to Vice President Douglas Cifu.
In addition, Vincent Viola played a crucial role in the establishment of the Counterterrorism Center at West Point after the September 11 attacks and became the main funder. He also founded a technology company called Rowan Technology Solutions to support student education in the fields of military history, military science and leadership. In addition, Viola made a significant donation to Avery Cardinal Dulles, SJ, the Chair of Catholic Theology at Fordham University.
