Rodney Adler

Quick Facts

Full Name	Rodney Adler
Occupation	Businessman
Date Of Birth	Aug 19, 1959(1959-08-19)
Age	65
Country	Australia
Horoscope	Leo

Rodney Adler Biography

Rodney Adler is one of the most popular and richest Businessman who was born on August 19, 1959 in Australia.

Adler is the son of Hungarian immigrant Larry Adler, who founded the insurance company FAI in 1960. He was educated at Cranbrook School, and later obtained degrees of Bachelor of Commerce from the University of New South Wales and Master of Economics from Macquarie University and is a fellow of the Institute of Chartered Accountants and Adjunct Professor at the University of Technology Sydney.

Adler was appointed Chief Executive by the board of FAI after the death of his father in November 1988, at a time when the company was struggling with a number of loan exposures to troubled companies such as Bond Corp and Ariadne in the wake of the October 1987 stock market crash. FAI had largely stabilised by the time the company became the subject of a takeover bid from HIH in September 1998. HIH had done no due diligence on FAI, but bid nevertheless. Total acquisition cost was A$280 million in cash and HIH shares. HIH subsequently sold assets out of FAI including its life insurance company, the St Moritz Hotel in New York and shares in the telecommunications company One.Tel to raise about A$450 million.

Rodney Adler Net Worth

Rodney Adler is one of the richest Businessman from Australia. According to our analysis, Wikipedia, Forbes & Business Insider, Rodney Adler 's net worth $5 Million. (Last Update: December 11, 2023)

Rodney Stephen Adler (born 19 August 1959) is an Australian whose family founded the FAI Insurances group, of which he became chief executive in 1989, and which was at one stage Australia’s third largest general insurer. Adler became a director of HIH Insurance after the acquisition of that company, and resigned in January 2001, two months before HIH collapsed. He was jailed in 2005 for his conduct related to the collapse of HIH, where Adler obtained A$ 2 million from HIH by false or misleading statements and being dishonest as a director.

Height, Weight & Body Measurements

Rodney Adler height Not available right now. Ron weight Not Known & body measurements will update soon.

Who is Rodney Adler Dating?

According to our records, Rodney Adler is possibily single & has not been previously engaged. As of December 1, 2023, Rodney Adler’s is not dating anyone.

Relationships Record : We have no records of past relationships for Rodney Adler. You may help us to build the dating records for Rodney Adler!

Following his conviction, Adler was taken to the maximum security Metropolitan Remand and Reception Centre and following initial classification, was placed in Long Bay Correctional Centre, before being transferred to the minimum security Kirkconnell Correctional Centre in late April 2005. However, less than two months later, Adler was transferred to the higher security Bathurst Correctional Centre after allegedly secretly restarting his business career from within the Kirkconnell facility. On 13 October 2007, Adler was released from the St Heliers Correctional Centre in the Upper Hunter Valley on parole, after serving two and a half years of his sentence, spending time in eight different correctional facilities. Adler described the prison system as “Darwinian, degrading, outdated, boring and pointless” in an article written for The Bulletin magazine in December 2007. During his time in solitary confinement, Adler befriended an individual in the next cell, as they were communicating through the acoustics of the toilet in their respective cells. They formed a deep friendship, something he spoke about with media.

Facts & Trivia

Ron Ranked on the list of most popular Businessman. Also ranked in the elit list of famous people born in Australia. Rodney Adler celebrates birthday on August 19 of every year.

In 2010, Adler was reported to be providing consulting services on ethical business practices. In 2011 it was reported that Adler had made investments in a range of energy and retail assets; while in 2012 it was reported he was associated with a Sydney office property syndicate.

Top Facts about Rodney Adler

1. Rodney Adler is an Australian businessman and convicted fraudster.
2. He was the CEO of HIH Insurance, which collapsed in 2001.
3. Adler was sentenced to four and a half years in prison for his role in the collapse.
4. He served two and a half years before being released on parole.
5. Adler’s actions resulted in losses of over $5 billion for investors.
6. He was also banned from managing corporations for 20 years.
7. Adler has since been involved in various business ventures and philanthropic activities.
8. His case is considered one of Australia’s biggest corporate collapses and scandals.
9. The Royal Commission into HIH found that Adler had engaged in misleading conduct and breached his duties as a director.
10. The collapse of HIH led to significant reforms in Australia’s corporate governance laws and regulations.