Andrew Murstein was born on June 29, 1964, in New York. He grew up in a family that was deeply involved in the taxi cab industry. His father owned a taxi fleet, and from a young age, Andrew was exposed to the ins and outs of the business.
After graduating from high school, Andrew attended Tufts University, where he studied business. It was during this time that he honed his entrepreneurial skills and gained a deeper understanding of the financial world.
Upon graduating, Andrew joined his father's company and started working in the cab business. One of his primary responsibilities was collecting medallions at the end of drivers' shifts. This hands-on experience gave him valuable insights into the operations of a taxi fleet.
In 1995, Andrew founded Medallion Financial Corp, a company that specializes in financing taxi cab fleets. Under his leadership, the company quickly grew and became a significant player in the industry.
Today, Medallion Financial Corp is one of the leading providers of financing for taxi medallions, with a diverse portfolio of clients across the country. Andrew's innovative approach to finance and his deep understanding of the taxi business have been key factors in the company's success.
Andrew has received numerous accolades throughout his career, including being named to Crain’s New York Business’ “40 Under 40” list. This recognition highlighted his achievements and contributions to the business world.
Outside of his professional endeavors, Andrew is a dedicated family man. He is married to Barbara Rudnick, and together they have two children, Kimberly and Matthew. Family is an essential part of Andrew's life, and he balances his work commitments with quality time spent with his loved ones.
As of 2014, Andrew Murstein's net worth exceeds 600 million dollars, making him one of the most successful entrepreneurs in the finance industry. His legacy is not only defined by his financial success but also by his dedication to his family and his commitment to giving back to the community.
Andrew Murstein's story is a testament to the power of hard work, dedication, and a strong entrepreneurial spirit. His journey from working in his father's cab business to becoming a successful business leader is an inspiration to aspiring entrepreneurs everywhere.
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