Andrew Mead Murstein is the founder, president, board member and largest shareholder of Medallion Financial Corp., publicly traded on the Nasdaq stock exchange under the symbol TAXI that specializes in financing taxi cab fleets. According to publicly available information, his net worth is in excess of 600,000,000. Taxi and its predecessor companies have invested over 5,000,000,000 in various companies throughout the U.S. Including dividends, TAXI has had an average annual return ofper year over the lastyears. He received a B.A. in economics, cum laude, from Tufts University and an M.B.A. in finance from New York University. He was named among Crains New York BusinessUnder 40, and has been featured in numerous business publications. In 2013 he was appointed to the Board of the Javitz Center by Governor Andrew Cuomo.
Andrew Mead Murstein was born in Roslyn, New York to Alvin and Aileen Murstein. His grandfather of German descent, Leon Murstein, came to the United States from Argentina, became a New York cabdriver and purchased one of the first New York taxi medallions, issued in 1937, for 10. The family went on to purchase several hundred medallions for prices as little aseach, and which now sell for over 1,200,000 each.
Source: Wikipedia