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- Here are the 44 new members of The Forbes 400 (net worths are as of September 3, 2021)
- Miriam Adelson. Net Worth: $30.4 billion. Source of wealth: Casinos. Adelson inherited her late husband’s 57% stake in Las Vegas Sands, the publicly traded gambling empire with casinos in Singapore and Macau, after his death in January.
- Sam Bankman-Fried. Net Worth: $22.5 billion. Source of wealth: Cryptocurrency. The 29-year-old MIT grad owes most of his $22.5 billion fortune to his stake in the cryptocurrency derivatives exchange FTX—which he cofounded in 2019—and his share of its FTT tokens.
- Jeff Yass. Net Worth: $12 billion. Source of wealth: Trading, investments. The former pro gambler joins The Forbes 400 thanks to his stake in trading firm Susquehanna International Group, which he cofounded in 1987 and built into one of the most successful firms on Wall Street.
- 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
Oct 5, 2021 · The aggregate wealth of The Forbes 400 reached a record-breaking $4.5 trillion, and the minimum net worth needed to make the cut for this year’s list rose to a record high of $2.9 billion, up...
- Elon Musk: $277 billion (+$121 billion) BRITTA PEDERSEN | AFP | Getty Images. The Tesla co-founder, who this year changed his title from CEO to "Technoking of Tesla" in a March regulatory filing, has enjoyed a massive wealth increase thanks to the rapid growth of his electric automaker.
- Jeff Bezos: $195 billion (+$5 billion) Blue Origin and Amazon founder Jeff Bezos. Mandel Ngan | AFP | Getty Images. The former world's richest man did not add nearly as much to his net worth as Musk, but Bezos is still leaving 2021 with $5 billion more than he entered it with.
- Bernard Arnault: $176 billion (+$61 billion) NICHOLAS KAMM | AFP | Getty Images. The CEO of luxury goods conglomerate LVMH, which owns brands such as Louis Vuitton, Christian Dior and Givenchy, added $61 billion to his net worth in 2021.
- Bill Gates: $139 billion (+$7 billion) Chesnot | Getty Images News | Getty Images. Despite giving away tens of billions of dollars over the past few decades, Gates' wealth continues to grow, thanks in part to the strong performance of shares of Microsoft, the company he co-founded and still owns about 1% of.
- Despite the pandemic, it was a record-setting year for the world’s wealthiest—with a $5 trillion surge in wealth and an unprecedented number of new billionaires.
- Net Worth of the World’s Richest Person. This year there are four people worth $100 billion or more—up from just one (Bezos) on last year’s list. Besides Bezos, Musk and Arnault, there’s Bill Gates, who ranks No. 4 at $124 billion, buoyed by the strength of shares he owns in Microsoft, Canadian National Railway and tractor maker Deere & Company.
- Number of Billionaires Worldwide and Combined Net Worth. The U.S. still has more billionaires than any other country, with 724 worth (up from 614 last year).
- The Countries With The Most Billionaires. A record 1,975 billionaires are self-made, up from 1,457 last year. That equates to 72% of the list (vs. about 70% in 2020).
1 day 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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As of 2021, Rich Friedman’s estimated net worth is around $1.2 billion. This substantial wealth is primarily a result of his successful career in finance and his role in building Goldman Sachs into one of the most influential investment banks globally.
