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Oct 5, 2021 · Joseph Edelman Net Worth: $2.9 billion Source of wealth: Hedge funds. SEE THE FORBES 400 LIST OF 2021
- Brian Armstrong
Real Time Net Worth. as of 11/19/24. Reflects change since 5...
- Ben Silbermann
HOVER TO REVEAL NET WORTH BY YEAR. Forbes Lists #1623....
- Lin Bin
HOVER TO REVEAL NET WORTH BY YEAR. Forbes Lists #37. China's...
- Brian Armstrong
- 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
Jul 15, 2021 · Leaders & Success. How This Top Financial Advisor Lured $270 Billion In Assets. Licensing. MOREY STETTNER. 08:00 AM ET 07/15/2021. Over 35 years, Ric Edelman made one smart move after another...
The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes to be a billionaire.
May 18, 2023 · We list the net worth of the richest people in Toronto based on their worth in Canadian dollars. We used Bloomberg’s Billionnaires Index, which produces a daily ranking of the richest people around the world, as well as Forbes Real Time Billionnaires List. Its data gets updated everyday.
2 days ago · The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page.
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Jul 6, 2021 · It must 'demonstrate that it can operate and grow without me,' says Edelman, who pulled the trigger on his departure, following the company's recapitalization. Ric Edelman with wife Jean are cutting the cord to their firm after 36 years in the RIA business.
