Chanos Nets $1.24 For Cameo In ‘Wall Street’ Sequel

Sep 24 2010 | 11:12am ET

It certainly wasn’t James Chanos’ most profitable day, but even the Kynikos Associates chief is willing to make sacrifices to make the silver screen.

The hedge fund manager told the New York Post that he earned $1.24 for his cameo appearance as himself in “Wall Street: Money Never Sleeps.” Chanos is one of at least two hedgies making an appearance in the sequel to 1987’s classic “Wall Street”: Superfund founder Christian Baha also has a small role.

Asked what he’d do with the Hollywood bounty, Chanos quipped, “acting lessons, obviously.”

But Chanos’ few seconds on screen wasn’t his only contribution to Oliver Stone’s latest film, which features Michael Douglas reprising the legendary role of Gordon Gekko. Along with Nouriel Roubini, Chanos convinced Stone to change the role of the film’s chief villain, played by Josh Brolin, from that of a hedge fund manager.

Brolin plays an investment banking chief, instead.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...