Wealthiest Managers In Hedge funds By Net Worth Hedgeho.com
Including top hedge-fund managers – George Soros, John Paulson, Ray Dalio, David Tepper, James Simons, Stephen Schwarzman, Bruce Kovner, John Arnold, Edward Lampert.
George Soros
Net Worth $22 B
Age: 81
Source: hedge funds, self-made
Residence: Katonah, NY
Country of Citizenship: United States
Education: Bachelor of Arts / Science, London School of Economics
Marital Status: Divorced
Children: 5
View Full Profile of Gerorge Soros
John Paulson
Net Worth $15.5 B
Age: 55
Source: hedge funds, self-made
Residence: New York, NY
Country of Citizenship: United States
Education: Bachelor of Arts / Science, New York University; Master of Business Administration, Harvard University
Marital Status: Married
Children: 2
View Full Profile of John Paulson
Carl Icahn
Net Worth $13 B
Age: 75
Source: leveraged buyouts, self-made
Residence: New York, NY
Country of Citizenship: United States
Education: Bachelor of Arts / Science, Princeton University; Drop Out, New York University
Marital Status: Married
Children: 2.
Full Profile Carl Icahn
James Simons
Net Worth $10.6 B
Age: 73
Source: hedge funds, self-made
Residence: East Setauket, NY
Country of Citizenship: United States
Education: Bachelor of Arts / Science, Massachusetts Institute of Technology; Doctorate, University of California Berkeley
Marital Status: Married
Children: 3
Renaissance Technologies
Style: Quantitative investor
Location: East Setauket, N.Y.
Former math professor is king of the “black box” investors—funds that use top-secret algorithms and invest largely by computer. Shocked peers when he set a target of $100 billion for his latest fund. Charges 5 & 44, a fee structure without peer in the hedge-fund world—but nobody’s complaining. Net worth estimated at $4 billion.
Old Hand: “Simons doesn’t hire anyone who actually knows where Wall Street is. It’s all Ph.D.’s over there. They use algorithms that nobody understands but seem to work very well.”
Hedge-Fund Investor: “Along with Dalio, co-king of the quants.”
Young Buck: “Among other things, Simons is surely one of the top-paid managers over the past few years.”
Full profile James Simons
Steve Cohen
Net Worth $8.3 B
Age: 55
Source: hedge funds, self-made
Residence: Greenwich, CT
Country of Citizenship: United States
Education: Bachelor of Arts / Science, University of Pennsylvania Wharton School
Marital Status: Married
Children: 7
SAC Capital Advisors
Style: Trader
Location: Stamford, Conn.
Most talked-about hedge-fund manager. Lives in a 32,000-square-foot house on a fourteen-acre estate in Greenwich. Is building what could be the great contemporary-art collection of our time. Recently purchased Willem de Kooning’s Police Gazette from David Geffen for $63.5 million. Net worth estimated at $3 billion.
Old Hand: “Came out of nowhere. He’s a terrific trader, and very intense.”
Hedge-Fund Investor: “The next wave of stars in the hedge-fund world will be those portfolio managers who come out from under Cohen’s wing.”
Young Buck: “Likely the largest trader by volume in the world. And most of the assets of the firm are his own!”
View Full profile Steve Cohen
Ray Dalio
Net Worth $6.5 B Age: 62
Source: hedge funds, self-made
Residence: Greenwich, CT
Country of Citizenship: United States
Education: Bachelor of Arts / Science, Long Island University; Master of Business Administration, Harvard University
Marital Status: Married
Children: 4
Bridgewater Associates
Style: Quantitative investor
Location: Westport, Conn.
If there were a high philosopher of hedge funds, Ray Dalio would want to be that man. Prone to aphorisms such as “Bridgewater is a community in which our fates are intertwined” and “Money doesn’t bring happiness; the pursuit of excellence does.”
Old Hand: “A truly brilliant quant, but his results have been mixed.”
Hedge-Fund Investor: “Along with Simons, co-king of the quants.”
Young Buck: “Steady but unspectacular; quietly built a money-management powerhouse.”
View Full profile Ray Dalio
David Tepper
Net Worth $5 B
Age: 54
Source: hedge funds, self-made
Residence: Livingston, NJ
Country of Citizenship: United States
Education: Bachelor of Arts / Science, University of Pittsburgh; Master of Business Administration, Carnegie Mellon University
Marital Status: Married
Children: 3
Appaloosa Management
Style: Distressed investor
Location: Chatham, N.J.
Ran the junk-bond desk at Goldman. Joined ever-growing roster of ex-Goldmanites after founding Appaloosa in 1993. Like Cerberus, lurking around automotive industry. Worked with Cerberus on the Delphi automotive deal. Estimated net worth of $1.5 billion.
Old Hand: “As much an activist investor as a distressed one.”
Hedge-Fund Investor: “Great numbers, but very volatile. He gave so much money to the business school at Carnegie Mellon that they named it after him.”
Young Buck: “The preeminent distressed investor of the past ten years.”
Stephen Schwarzman
Net Worth $4.7 B
Age: 64
Source: investments, self-made
Residence: New York, NY
Country of Citizenship: United States
Education: Bachelor of Arts / Science, Yale University; Master of Business Administration, Harvard University
Marital Status: Married
Children: 3
Bruce Kovner
Net Worth $4.3 B
Age: 66
Source: hedge funds, self-made
Residence: New York, NY
Country of Citizenship: United States
Education: Drop Out, Harvard University; Bachelor of Arts / Science, Harvard University
Marital Status: Married
Children: 3
John Arnold
Net Worth $3.5 B
Age: 37
Source: hedge funds, self-made
Residence: Houston, TX
Country of Citizenship: United States
Education: Bachelor of Arts / Science, Vanderbilt University
Marital Status: Married
Children: 2
Edward Lampert
Net Worth $3 B
Age: 48
Source: investments, self-made
Residence: Greenwich, CT
Country of Citizenship: United States
Education: Bachelor of Arts / Science, Yale University
Marital Status: Married
Children: 3
Eddie Lampert
ESL Investments
Style: Stock picker
Location: Greenwich, Conn.
Once kidnapped. Called greatest investor of his generation. A leader among activists, he focuses on retail, and owns Sears (which owns Kmart) and AutoNation. With estimated net worth of $3.8 billion, the richest man in Connecticut, which is saying something.
Old Hand: “Lampert gets his fingernails dirty by managing the companies he invests in. He’s got no known hobbies, but he’s a terrific guy.”
Hedge-Fund Investor: “He’s turning Sears into the next Berkshire Hathaway. And he’s becoming the next Warren Buffett in the process.”
Young Buck: “Takes highly concentrated control positions in the companies he invests in.”
