Monday, October 3, 2011

Hedge Fund and Private Equity Executives on the Forbes 400 List of Wealthiest Americans

Double-dip recessions, sovereign debt crises and political gridlock notwithstanding, it's been a good year for hedge fund billionaires.
Alternative investments players make up some 16% of this year's Forbes 400 list of the wealthiest Americans. One of them even cracks the top 10: George Soros, who is now a retired hedge fund manager, did very well for himself in Soros Fund Management's last year of managing money for outside investors. Soros' fortune now totals $22 billion, up almost $8 billion from last year and good enough for seventh place on the list.
No other hedge fund or private equity honcho cracked that elite group, but 18 others made the top 100. And most of them boast larger fortunes than last year, some of them significantly larger.
Despite his miserable year, Paulson & Co.'s John Paulson remains the second-richest hedge fund manager in the country, with a $15.5 billion fortune, 17th on the list and $3.1 billion higher than a year ago. Dell Inc. and MSD Capital founder Michael Dell was one spot behind with $15 billion, followed by Soros' fellow retiree Carl Icahn in 25th place with $13 billion ($2 billion more than last year), Ronald Perelman in 26th with $12 billion ($1 billion more) and James Simons in 30th with $10.6 billion ($1.9 billion more).
Steven Cohen was 35th on the list with $8.3 billion ($1 billion more than last year), Ray Dalio 44th with $6.6 billion (up $1.6 billion), David Tepper in 60th with $5 billion (up $700 million) and Stephen Schwarzman and Sam Zell in 66th with $4.7 billion (up $600 million and $300 million, respectively). Another hedge fund retiree, Caxton Associates' Bruce Kovner, was in 74th place with $4.3 billion ($200 million more than last year).
Two alternatives players dropped off the list this year. Blackstone Group co-founder Peter Peterson has given away a huge chunk of his fortune over the past year, while Maverick Capital Management's Samuel Wyly, who just made the cut last year, fell short this year. Wyly is facing Securities and Exchange Commission fraud charges and this year lost his brother and business partner, Charles Wyly, in a car accident. 
(Source: FINAlternatives, Oct 3, 2011)
Hedge Fund and Private Equity Executives
on the Forbes 400 List of Wealthiest Americans
rank billionairefirmnet worth
7George SorosSoros Fund Management$22 billion
17John PaulsonPaulson & Co.$15.5 billion
18Michael DellMSD Capital$15 billion
25Carl IcahnIcahn Enterprises$13 billion
26Ronald PerelmanMacAndrews & Forbes$12 billion
30James SimonsRenaissance Technologies$10.6 billion
35Steven CohenSAC Capital Advisors$8.3 billion
44Ray DalioBridgewater Associates$6.6 billion
60David TepperAppaloosa Management$5 billion
66Stephen SchwarzmanThe Blackstone Group$4.7 billion
66Samuel ZellEquity Group Investments$4.7 billion
73Bruce KovnerCaxton Associates$4.3 billion
75Daniel ZiffOch-Ziff Capital Management$4.2 billion
75Dirk ZiffOch-Ziff Capital Management$4.2 billion
75Robert ZiffOch-Ziff Capital Management$4.2 billion
86Henry KravisKohlberg Kravis Roberts$3.7 billion
88Robert BassOak Hill Capital Management$3.6 billion
91John ArnoldCentaurus Energy$3.5 billion
96George RobertsKohlberg Kravis Roberts$3.4 billion
107Leon BlackApollo Management$3.2 billion
107Ron BurkleYucaipa Cos.$3.2 billion
107Paul Tudor JonesApollo Management$3.2 billion
117Edward LampertESL Investments$3 billion
139William ConwayThe Carlyle Group$2.7 billion
139Daniel D'AnielloThe Carlyle Group$2.7 billion
139David RubensteinThe Carlyle Group$2.7 billion
150Daniel OchOch-Ziff Capital Management$2.6 billion
159Stanley DruckenmillerDuquense Capital Management$2.5 billion
159Tom GoresPlatinum Equity$2.5 billion
166Julian RobertsonTiger Management$2.4 billion
171Nicolas BerggruenAlpha Investment Management$2.3 billion
171Kenneth GriffinCitadel Investment Group$2.3 billion
188Philip FalconeHarbinger Capital Management$2.2 billion
188Henry HillmanHillman Cos.$2.2 billion
200Israel EnglanderMillenium Partners$2.1 billion
200Wilbur RossW.L. Ross & Co.$2.1 billion
200David ShawD.E. Shaw Group$2.1 billion
227David BondermanTexas Pacific Group$1.9 billion
227James CoulterTexas Pacific Group$1.9 billion
227Alec GoresGores Technology Group$1.9 billion
242Leon CoopermanOmega Advisors$1.8 billion
242Theodore ForstmannForstmann Little$1.8 billion
260George ArgyrosWestar Capital$1.75 billion
273Glenn DubinHighbridge Capital Management$1.6 billion
273Noam GottesmanMan Group$1.6 billion
273Bruce KarshOaktree Capital Management$1.6 billion
273Howard MarksOaktree Capital Management$1.6 billion
293Stephen MandelLone Pine Capital$1.5 billion
293Jonathan NelsonProvidence Equity Partners$1.5 billion
293Peter ThielClarium Capital Management$1.5 billion
309Joshua HarrisApollo Management$1.45 billion
309T. Boone PickensBP Capital$1.45 billion
309Marc RowanApollo Management$1.45 billion
312Louis BaconMoore Capital Management$1.4 billion
312Thomas LeeLee Equity Partners$1.4 billion
331Richard ChiltonChilton Investment Co.$1.3 billion
331Marc LasryAvenue Capital Management$1.3 billion
331Thomas SteyerFarallon Capital Management$1.3 billion
359James DinanYork Capital Management$1.2 billion
359C. Dean MetropoulosMetropoulos & Co.$1.2 billion
359Nelson PeltzTrian Partners$1.2 billion
359Henry SwiceaHighbridge Capital Management$1.2 billion
375Thomas BarrackColony Capital$1.1 billion
375John HenryJohn W. Henry & Co.$1.1 billion

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