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3 days ago · #59 Ray Dalio on the 2024 Forbes 400. Subscribe To Newsletters. PROFILE. Ray Dalio. ... HOVER TO REVEAL NET WORTH BY YEAR. Forbes Lists #59. Forbes 400 (2024) #124. Billionaires (2024)
- Founder & CIO Mentor
- Jim Simons
- Ray Dalio
- Carl Icahn
- Ken Griffin
- Steve Cohen
- David Tepper
- Israel Englander
- Chase Coleman
- George Soros
- David Shaw
2020 Net Worth: $23.5 billion
America’s richest hedge fund manager for the fourth year running, Jim Simons founded Long Island-based Renaissance Technologies in 1982. His esteemed quantitative trading firm, which today manages some $50 billion in assets, is famous for its Medallion Fund, a $10 billion black-box strategy that is only open to Renaissance owners and employees. Though Simons officially retired in 2010, he is still involved at the firm and continues to benefit from its funds.
2020 Net Worth: $16.9 billion
Ray Dalio famously started Bridgewater Associates in 1975 out of his two-bedroom apartment in New York. By forty years later, he had turned it into the world’s largest hedge fund, which today manages some $154 billion in assets. Though Dalio stepped down as co-CEO of Bridgewater in 2017, he remains chairman and co-chief investment officer. Bridgewater returns took a hit during the pandemic market crash and subsequent economic rebound—the firm lost $12.1 billion for investors in 2020, accordin...
2020 Net Worth: $14 billion
Another Wall Street legend, activist investor Carl Icahn has been making an impact on corporate America for decades. Shares of his primary investing vehicle, Icahn Enterprises—a vast conglomerate that invests in everything from casinos and energy to real estate and food packaging—are down slightly in 2021. So far this year, Icahn has sold stakes in companies like Occidental Petroleum and Herbalife, while adding to positions in companies such as Xerox.
2020 Net Worth: $15 billion
Ken Griffin runs Citadel, a Chicago-based hedge fund firm he founded in 1990 that manages roughly $39 billion in assets. After returning 24% in 2020, the firm’s flagship Wellington fund was reportedlyup nearly 10% for the year through August. Griffin is also the founder of Citadel Securities, one of the biggest market-making firms on Wall Street.
2020 Net Worth: $14.5 billion
Steve Cohen founded and runs hedge fund Point72 Asset Management, which has $20 billion of assets under management. The firm started managing outside capital in 2018, following a two-year supervisory ban stemming from insider-trading charges leveled at Cohen’s previous firm, SAC Capital. In October 2020, Cohen completed his purchaseof the New York Mets baseball team for $2.4 billion.
2020 Net Worth: $13 billion
Arguably the greatest hedge fund manager of his generation, David Tepper runs Appaloosa Management, which boasted annualized returns of 25% in its first 25 years. Tepper has been steadily winding down and returning money to clients in recent years, however, with Appaloosa’s assets under management down to $13 billion, down from a peak of $20 billion. His fund returned over 10% in the first half of 2021.
2020 Net Worth: $7.2 billion
Israel Englander founded Millennium Management in 1989 with $35 million from friends and family. Today, his hedge fund firm manages nearly $53 billion. After returning 26% in 2020—generating $10.2 billion in net gains for investors, according to LCH Investments—his fund was up nearly 7% through the end of July 2021.
2020 Net Worth: $6.9 billion
Again the youngest hedge fund manager on The Forbes 400 at 46-years-old, Chase Coleman is also this year’s biggest gainer, with his net worth rising $3.4 billion. He has had another stellar year with Tiger Global Management, boasting an annualized net return of 21% since he started the firm he started 20 years ago. Coleman has been building up Tiger’s Global venture funds in recent years, which now account for $40 billion of the firm’s total $65 billion in assets.
2020 Net Worth: $8.6 billion
Another celebrated hedge fund tycoon, George Soros managed client money from 1969 to 2011. He famously became known as the man who broke the Bank of England when he shorted the British pound in 1992 for a reported $1 billion profit. He no longer manages money for clients but still invests through his family office fund. Through his Open Society Foundations, Soros has given away $16.8 billion to philanthropy in his lifetime.
2020 Net Worth: $6.5 billion
A former computer science professor at Columbia University, David Shaw founded his quantitative hedge fund, D.E. Shaw, in 1988. Known for using sophisticated mathematical modeling and algorithms, the fund now manages more than $55 billion in assets. Shaw stepped away from day-to-day operations in 2002, leaving an executive committee to oversee the firm.
- Sergei Klebnikov
According to Forbes, Dalio has an estimated net worth of $20 billion as of January 21, 2022, ranking him 88th on their billionaires list [72] and 36th on the Forbes 400 list. [73] In January 2022, Bloomberg News reported Dalio's net worth as $15.7 billion, making him the world's 123rd-richest person according to their rankings.
Sep 29, 2024 · on. September 29, 2024. By. Salina Vuong. This week’s Special Dispatch offers the ultimate visual guide to Ray Dalio’s recent release: The Great Powers Index 2024. We take a look at key themes including: Which countries hold the most power today. How geopolitical conflict and debt dynamics are shaping our economy.
Aug 21, 2024 · Current Net Worth. As of 2024, Ray Dalio’s net worth is estimated to be around $19 billion, according to Forbes. This substantial wealth places him among the richest individuals in the world and ...
May 16, 2024 · Dalio has owned PepsiCo shares since the first quarter of 2020, but he cut his stake by about 12.3% in the first quarter. Bridgewater now holds about 2.1 million shares of PEP stock worth $374.7 ...
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Feb 28, 2023 · Ray Dalio’s net worth as of October 2022, according to the Forbes list of the world’s billionaires. Ray Dalio’s Principles . Dalio conducts his business based on a series of principles that ...
