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- Bernard Arnault & family. $194.8 B 72 France.
- Jeff Bezos. $193.4 B 57 United States.
- Elon Musk. $153.2 B 49 United States.
- Bill Gates. $126.8 B 65 United States.
- 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.
- It Hasn’T Been The Best Year to Be A Hedge Fund Manager.
- 9 Net Worth: $21.6 Billion
- 9 Net Worth: $18.7 Billion
- 9 Net Worth: $12.7 Billion
- 9 Net Worth: $13.6 Billion
- 9 Net Worth: $17.6 Billion
- 2019 Net Worth: $12 Billion
- 9 Net Worth: $8.6 Billion
- 9 Net Worth: $6.6 Billion
- 9 Net Worth: $4.5 Billion
The 25 members of The Forbes 400 who made their fortunes from hedge funds are worth a combined $185 billion, up $2.8 billion from last year. As a group, that’s saying something, given that hedge funds got hammered in the first half of 2020, losing a record 7.9% on average, according to an analysis by Hedge Fund Research. The number of hedge funders...
The world's richest hedge fund manager founded Long Island-based Renaissance Technologies in 1982. The quantitative trading firm, dubbed RenTech for short, manages about $80 billion and reportedly had one of its worst months this decade in February, with assets falling 7%. Its public funds have struggled to recover, but RenTech's black-box Medallio...
By April of this year assets at his Bridgewater Associates had fallen to $138 billion, a $30 billion drop from the end of 2019. The turmoil hit internally, too; the world's largest hedge fund firm laid off dozens of employees in July, just days before a former co-CEO filed a suit alleging that Bridgewater was withholding up to $100 million in defer...
Griffin runs Chicago-based Citadel, the hedge fund firm he founded in 1990 that now manages about $34 billion in assets. The multi-strategy fund returned 13.4% in the first half of 2020 after adding 19.4% last year. Griffin's Citadel has grown to become the third-most profitable hedge fund of all time through the end of 2019, behind Dalio's Bridgew...
Cohen oversees Point72 Asset Management, a hedge fund firm that reopened to outside investors in 2018 following a two-year ban stemming from insider-trading charges leveled at Cohen’s previous firm. Point72 closed the first half of 2020 on a high note, hitting $17 billion in assets. The firm stopped accepting new money in July, after raising a $10 ...
Icahn's investment fund made $1.3 billion in the second quarter from shorting commercial real estate–an industry reeling from the pandemic. But shares of his New York City-based Icahn Enterprises, a sprawling conglomerate with interests in everything from casinos and metals to real estate and food packaging, have fallen more than 20% since January.
Arguably the greatest hedge fund manager of his generation–scoring annualized returns of 25% in his fund's first 25 years, Tepper has been steadily returning money to clients in recent years. His Appaloosa Management now manages about $13 billion, down from a peak of $20 billion. In February, Tepper sold his 5% stake in the Pittsburgh Steelers for ...
A celebrated hedge fund tycoon who managed client money from 1969 to 2011, Soros shorted the British pound for a reported $1 billion profit in 1992, becoming known as the man who broke the Bank of England. He has transferred at least $18 billion of his fortune to his Open Society Foundations, a network that funds political organizations and makes g...
The son of Polish immigrants, Englander started Millennium Management in 1989 with $35 million from friends and family. Now, the hedge fund firm manages more than $45 billion. Englander's fund, which returned 9.2% last year and ended the first half of 2020 up about 10%, uses an in-house multi-manager platform, feeding more capital to those who perf...
The youngest hedge fund manager on The Forbes 400—he’s 45—has had a stellar year with Tiger Global Management, the investment firm he started in 2000 with $25 million from his former boss, billionaire hedge fund legend Julian Robertson. Tiger Global ended last year managing about $40 billion, and has returned 24% this year through July thanks to it...
Dec 14, 2021 · The reports cover 2020 and provide the most up-to-date estimate of members' net worth. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth.
- Henry Blodget
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...
Mar 15, 2023 · Richard Rosenberg, a marketing whiz of humble origins who transformed Bank of America into a national behemoth under his leadership, died on March 3 at his home in San Francisco. He was 92.
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22 hours ago · Bloomberg Billionaires Index. View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns. As of October 30, 2024. The Bloomberg...
