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New Hedge Fund Managers Join Forbes’ Billionaire List

New York (HedgeCo.Net) – The new Forbes billionaire list reports that there are now 46 hedge fund billionaires on the list, with 6 of them newcomers.

Michael Platt of BlueCrest Capital Management joins the ranks of new hedge fund billionaires; as well as Francis Biondi and Brian Higgins, co-founders of King Street Capital Management; Christopher Hohn of the Children’s Investment Fund; Larry Robbins, founder of Glenview Capital Management; and Robert Citrone, manager at Discovery Capital Management.

A record number of women also made it into the Forbes 28th annual billionaires’ list, making up 10% of the global super-rich. 172 women, 25% more than in 2013, are now in the club of billionaires.

George SorosThe top 5 hedge fund managers are:

1. George Soros
Net worth: $23 billion.
2. Ray Dalio
Net worth: $14.4 billion.
3. John Paulson
Net worth: $13.5 billion.
4. James Simons
Net worth: $12.5 billion.
5. Steve Cohen
Net worth: $11 billion.

Full list

The ranks of the world’s billionaires have swelled to a record 1,645 including 268 newcomers. While wealth spreads to new corners of the world, including for the first time places like Tanzania and Lithuania, the U.S. still dominates with Bill Gates back on top after a four-year hiatus and Facebook’s Mark Zuckerberg the year’s biggest gainer.Screenshot 2014-03-04 13.06.18Gates reclaimed his crown as the world’s richest man, after a surge in the value of Microsoft shares increased his wealth by $9bn to $76bn. Mexican telecoms mogul Carlos Slim, who held the title for the previous four years, was nudged into second place with a fortune of $72bn. The Spanish clothing tycoon Amancio Ortega, behind fast fashion chainZara, stayed in third place, extending his lead over investor Warren Buffett at four.

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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