Pursuits

Ex-UBS Banker Moelis Worth $386 Million If IPO Succeeds

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Kenneth Moelis owns an apartment at New York’s Plaza Hotel, a 15,249-square-foot mansion in Beverly Hills and an investment bank that’s going to make him very rich later this month.

When Moelis & Co. sells shares to the public, the merger advisory firm’s founder will own stock worth about $386 million with another $100 million in trust for his family, according to a filing. Robert Greenhill, who started a rival firm, has built a net worth of at least $550 million since his firm went public a decade ago, data compiled by Bloomberg show.