The 10 Richest Hedge Fund Managers In The World Today

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The last year and a half has been GREAT for hedge fund managers. After being temporarily beaten in the early days of the start of the pandemic, hedge fund managers have rallied in a big way. Today, the 25 richest hedge fund managers combined are worth $ 220 billion. That’s $ 35 billion more than last year.

The biggest winner in this elite group is Chase Coleman for the second year in a row. The 45-year-old founder of Tiger Global Management saw his net worth grow more than $ 6 billion last year. Tiger Global Management has $ 65 billion under management and has achieved an average net annual return of more than 20% since its inception in 2001.

Renaissance Technologies’ Jim Simons is the US’s richest hedge fund manager for the fourth straight year.

Ray Dalio (Photo by Kimberly White / Getty Images)

The 10 Richest Hedge Fund Managers In The World Today:

# 10. David Shaw

Net worth: $ 6.8 billion

David Shaw, a former computer science professor at Columbia University, founded his quantitative hedge fund DE Shaw in 1988. Known for using sophisticated mathematical models and algorithms, the fund now manages more than $ 55 billion in assets. Shaw retired from day-to-day operations in 2002, leaving a board of directors to oversee the company.

# 9. George Soros

Net worth: $ 9 billion

George Soros holds his fortune with Soros Fund Management, which manages approximately $ 30 billion. He has several charitable foundations, including the Open Society Institute, the Open Society Fund, the Foundation for an Open Society, the Soros Economic Development Foundation, and the Soros Fund Charitable Foundation.

#8th. Chase Coleman

Net worth: $ 7.4 billion

Chase Coleman founded Tiger Global Management in 2001. His company is one of the start-up funds of “The Tiger Fund”, which was financed by its former boss Julian Robertson and actively invested from 1980 to March 2000. After the fund was closed, Julian Robertson decided to use his own capital, experience and infrastructure to set up 38 hedge funds (“Tiger Seeds”) against an interest in their fund companies. In 2001, Coleman founded Tiger Global Management.

# 7. Israel Englishman

Net worth: $ 3.4 billion

Israel Englander is the founder of Millennium Management LLC, a global investment management firm. In 1977 Englander founded a brokerage house called IA Englander & Co, in which he is still a minority shareholder. In 1989 he founded Millennium Management LLC with Ronald Shear. They started with $ 35 million in capital from friends and family.

#6. David Tepper

Net worth: $ 12 billion

David Tepper founded his company Appaloosa Management in 1993. He donated $ 7 million to various blackboards and $ 55 million to Carnegie Mellon Business School. He owns the NFL’s Carolina Panthers.

# 5. Steve Cohen

Net worth: $ 16 billion

Steven Cohen made his first significant fortune through the now-closed SAC Capital Advisors. SAC was a Stamford, Connecticut-based hedge fund primarily focused on stock market strategies. The company was closed following an insider scandal. Today Cohen runs a hedge fund called Point72 Asset Management, which for several years exclusively managed its own money. It reopened to external investors in 2018. He also owns the New York Mets baseball team.

# 4. Ken Griffin

Net worth: $ 22 billion

Ken Griffin founded Citadel in 1990. The company has assets of $ 39 billion. Citadel is the third most profitable hedge fund of all time, behind Ray Dalios Bridgewater and the family office of George Sorors.

#3. Carl Icahn

Net worth: $ 20 billion

Carl Icahn founded Icahn & Co in 1968. Over the decades, he has held control positions in various companies such as RJR Nabisco, Texaco, TWA, Phillips Petroleum, Western Union, Viacom, Uniroyal, Marvel Comics, Revlon, Blockbuster, Time Warner and Motorola. After a hostile takeover of TWA in 1985, its reputation as a ruthless robber developed. In 2013, he sold nearly 50% of his Netflix stock for a profit of over $ 800 million. This transaction is considered to be one of the biggest equity gains in history.

# 2. Ray Dalio

Net worth: $ 14 billion

Ray Dalio is the founder of Bridgewater Associates, which manages $ 160 billion in assets. In 2012 the company became the largest hedge fund in the world. Ray is one of the few people who predicted the global financial crisis in 2007.

#1. Jim Simons

Net worth: $ 22 billion

Jim Simons is a former teacher who founded Renaissance Technologies hedge fund in 1982. He is an outstanding mathematician, code breaker and studies pattern recognition. He is also a great philanthropist. Simons is the only hedge fund manager to make it onto the list of the highest paid in each of the 20 years.

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