Soros, Paulson Lead Alts. Titans On 'Forbes' Rich List

Sep 23 2010 | 12:23am ET

The rich are getting richer when it comes to the richest hedge fund and private equity billionaires.

At least 61 alternative investments titans crowd this year’s Forbes 400 list of the wealthiest Americans. And the most well-off among them—the 18 that made Forbes’ top 100—for the most part got richer over the last year.

George Soros remains the richest hedge fund manager in the land with $14.2 billion, making him more than $1 billion richer than last year. Soros ranked 14th among America’s wealthiest. John Paulson came in second among alternatives billionaires with $12.4 billion, nearly doubling his total from last year to leapfrog Carl Icahn, Ron Perelman ($11 billion each) and James Simons ($8.7 billion) on the list.

SAC Capital Advisors’ Steven Cohen  came in 32nd on the list with $7.3 billion, followed by Ray Dalio ($5 billion), Sam Zell ($4.4 billion), David Tepper ($4.3 billion), and Bruce Kovner and Stephen Schwarzman ($4.1 billion each).

Most of last year’s alternatives elite held on to a coveted spot on the Forbes list. Three did not. Blackstone Group President Hamilton James fell off the list, as did private equity pioneer Tom Hicks, who has not fared well since FINalternatives reported last year that his sports team holding company had defaulted on hundreds of millions in loans. Hicks has since sold his Texas Rangers baseball team and is mulling a sale of his hockey team, the Dallas Stars.

But no member of last year’s Forbes 400 has had quite the fall of Raj Rajaratnam. The Galleon Group founder ranked 236th on the list last year with $1.5 billion. Just weeks after making the 400, he was arrested and charged with running a massive insider-trading scheme.

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

rank  billionaire firm net worth
14 George Soros Soros Fund Management $14.2 billion
20 John Paulson Paulson & Co. $12.4 billion
24 Carl Icahn Icahn Enterprises $11 billion
24 Ronald Perelman MacAndrews & Forbes $11 billion
30 James Simons Renaissance Technologies $8.7 billion
32 Steven Cohen SAC Capital Advisors $7.3 billion
55 Ray Dalio Bridgewater Associates $5 billion
60 Samuel Zell Equity Group Investments $4.4 billion
62 David Tepper Appaloosa Management $4.3 billion
69 Bruce Kovner Caxton Associates $4.1 billion
69 Stephen Schwarzman The Blackstone Group $4.1 billion
74 Robert Bass Oak Hill Capital Management $4 billion
74 Daniel Ziff Och-Ziff Capital Management $4 billion
74 Dirk Ziff Och-Ziff Capital Management $4 billion
74 Robert Ziff Och-Ziff Capital Management $4 billion
90 Henry Kravis Kohlberg Kravis Roberts $3.4 billion
95 John Arnold Centaurus Energy $3.3 billion
98 Daniel Och Och-Ziff Capital Management $3.2 billion
101 Edward Lampert ESL Investments $3.1 billion
101 George Roberts Kohlberg Kravis Roberts $3.1 billion
110 Leon Black Apollo Management $3 billion
110 Paul Tudor Jones Tudor Investment Corp. $3 billion
119 Stanley Druckenmiller Duquesne Capital Management $2.9 billion
124 Philip Falcone Harbinger Capital Management $2.8 billion
153 Tom Gores Platinum Equity $2.4 billion
159 Kenneth Griffin Citadel Investment Group $2.3 billion
164 Nicolas Berggruen Alpha Investment Management $2.2 billion
164 Julian Robertson Tiger Management $2.2 billion
164 David Shaw D.E. Shaw Group $2.2 billion
170 Henry Hillman Hillman Co. $2.1 billion
182 William Conway The Carlyle Group $2 billion
182 Daniel D'Aniello The Carlyle Group $2 billion
182 Peter Peterson The Blackstone Group $2 billion
182 David Rubenstein The Carlyle Group $2 billion
205 Wilbur Ross W.L. Ross & Co. $1.9 billion
217 Israel Englander Millenium Partners $1.85 billion
221 David Bonderman Texas Pacific Group $1.8 billion
221 James Coulter Texas Pacific Group $1.8 billion
238 Louis Bacon Moore Capital Management $1.7 billion
238 Alec Gores Gores Technology Group $1.7 billion
252 George Argyros Westar Capital $1.6 billion
252 Glenn Dubin Highbridge Capital Management $1.6 billion
252 Theodore Forstmann Forstmann Little $1.6 billion
252 Stephen Mandel Lone Pine Capital $1.6 billion
269 Leon Cooperman Omega Advisors $1.5 billion
290 T. Boone Pickens BP Capital $1.4 billion
306 Jonathan Nelson Providence Equity Partners $1.35 billion
308 Richard Chilton Chilton Investment Co. $1.3 billion
308 James Dinan York Capital $1.3 billion
308 Thomas Lee Lee Equity Partners $1.3 billion
308 Marc Lasry Avenue Capital Management $1.3 billion
332 Thomas Barrack Colony Capital $1.2 billion
332 Joshua Harris Apollo Management $1.2 billion
332 C. Dean Metropoulos Metropoulos & Co. $1.2 billion
332 Marc Rowan Apollo Management $1.2 billion
332 Henry Swicea Highbridge Capital Management $1.2 billion
356 Bruce Karsh Oaktree Capital Management $1.15 billion
356 Howard Marks Oaktree Capital Management $1.15 billion
365 Nelson Peltz Trian Partners $1.1 billion
365 Peter Thiel Clarium Capital Management $1.1 billion
385 Samuel Wyly Maverick Capital Management $1 billion

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