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The 10 Richest Hedge Fund Managers

10. David E. Shaw

Net worth: $4.1 billion

Computer scientist and computational biochemist David Shaw started his hedge fund company D. E. Shaw & Co in 1988. Although Shaw still serves as CEO of his company, his focus lies on his biochemistry company, D. E. Shaw Research. He’s even on President Obama’s Council of Advisors on Science and Technology!

(photo via D.E. Shaw Research)

9. Paul Tudor Jones II

Net worth: $4.6 billion

Jones founded the Tudor Investment Corporation in 1980. This hedge fund manager isn’t the richest on our list. However, he is the only one with his own movie. TRADER: The Documentary chronicled Jones’s prediction of Black Monday, the catastrophic stock market crash of 1987. The film aired on public television in November 1987, but Jones pulled the video from circulation in the 1990s. If you want to see him on video, you'll have to settle for his TED Talk on capitalism.

(photo via TED2015)

8. Bruce Kovner

Net worth: $5 billion

In 1983, Bruce Kovner founded macro hedge fund firm Caxton Associates and sat as chairman until his retirement in 2011.  While he is very private about his personal life, here’s what we do know about Kovner: he’s the chairman of the world-renowned Julliard School, a director of the Metropolitan Opera, and created a scholarship fund for disadvantaged New York youth.

(photo via Julliard)

7. Ken Griffin

Net worth: $6.5 billion

With a pre-tax salary of $100 million a month, Kenneth Griffin is the richest man in Illinois. Griffin is the founder and CEO of Citadel, a global investment group known for managing the Wellington and Kensington funds. His philanthropic efforts are centered in Chicago, where he currently lives; Griffin has donated to the arts and schools in the area, even funding the creation of a charter school alongside the Bill and Melinda Gates Foundation. 

(photo via Citadel)

6. David Tepper

Net worth: $10.4 billion

A graduate of the Carnegie Melon College of business—named the David A. Tepper School of Business after he made a hefty $55 million donation—David Tepper is a co-founder of Appaloosa Management. Tepper’s hedge fund is focused on undiversified concentrated investment positions.

(photo via Wkonops, CC)

5. John Paulson

Net worth: $11.2 billion

Although John Paulson has made smart investments in the past, 2014 was not the best year for the founder and president of Paulson & Co., as he saw drastic losses in his funds and assets after a strong start. Of course, he's still nowhere near going broke. Paulson is best known for betting against subprime mortgages in 2007, right before the housing market crashed.

(photo via Paulson & Co. Inc.)

4. Steve Cohen

Net worth: $11.4 billion

Art collector. Friend to Guy Fieri. Founder of SAC Capital Advisors. Steve Cohen is known for a lot of things, but he’s become notorious for the controversy surrounding his hedge fund. In 2012, SAC Capital came under fire due to an insider trading scandal. Although Cohen was never convicted, he ended up closing SAC Capital. These days, Cohen manages his money in a different hedge fund: Point72 Asset Management.

(photo via The Steven and Alexandria Cohen Foundation)

3. James Simons

Net worth: $14 billion

James Simons stands out on our list. While many of these hedge fund managers are graduates of prestigious business schools, Simons holds a PhD in Mathematics from University of California Berkley. He’s put his mathematical prowess to good use, too; Renaissance Technologies, Simons’s hedge fund company, utilizes automated mathematical models to execute trades. 

(photo via Stony Brook University)

2. Ray Dalio

Net worth: $15.4 billion

Dalio started investing at 12 years old, tripling his initial investment in Northeast airlines. He’s now known as the founder of Bridgewater Associates, the world’s largest hedge fund and investment firm. Ray Dalio is the richest person in Connecticut, and among the 30 richest people in the United States. 

(photo via Bloomberg Business)

1. George Soros

Net worth: $24.2 billion

It shouldn’t be surprising that George Soros, one of the 30 richest people on Earth, tops our list. Aside from his investing expertise, Soros is known for his philanthropy and support of progressive movements across the world. Soros has donated to anti-apartheid causes, democratization in former Soviet countries, and more recently, to Ferguson, Missouri.

(photo via Heinrich-Böll-Stiftung, CC)