Soros Cracks Top Forbes' 10 Richest Americans

Sep 21 2011 | 1:34pm ET

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. 

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

rank  billionaire firm net worth
7 George Soros Soros Fund Management $22 billion
17 John Paulson Paulson & Co. $15.5 billion
18 Michael Dell MSD Capital $15 billion
25 Carl Icahn Icahn Enterprises $13 billion
26 Ronald Perelman MacAndrews & Forbes $12 billion
30 James Simons Renaissance Technologies $10.6 billion
35 Steven Cohen SAC Capital Advisors $8.3 billion
44 Ray Dalio Bridgewater Associates $6.6 billion
60 David Tepper Appaloosa Management $5 billion
66 Stephen Schwarzman The Blackstone Group $4.7 billion
66 Samuel Zell Equity Group Investments $4.7 billion
73 Bruce Kovner Caxton Associates $4.3 billion
75 Daniel Ziff Och-Ziff Capital Management $4.2 billion
75 Dirk Ziff Och-Ziff Capital Management $4.2 billion
75 Robert Ziff Och-Ziff Capital Management $4.2 billion
86 Henry Kravis Kohlberg Kravis Roberts $3.7 billion
88 Robert Bass Oak Hill Capital Management $3.6 billion
91 John Arnold Centaurus Energy $3.5 billion
96 George Roberts Kohlberg Kravis Roberts $3.4 billion
107 Leon Black Apollo Management $3.2 billion
107 Ron Burkle Yucaipa Cos. $3.2 billion
107 Paul Tudor Jones Apollo Management $3.2 billion
117 Edward Lampert ESL Investments $3 billion
139 William Conway The Carlyle Group $2.7 billion
139 Daniel D'Aniello The Carlyle Group $2.7 billion
139 David Rubenstein The Carlyle Group $2.7 billion
150 Daniel Och Och-Ziff Capital Management $2.6 billion
159 Stanley Druckenmiller Duquense Capital Management $2.5 billion
159 Tom Gores Platinum Equity $2.5 billion
166 Julian Robertson Tiger Management $2.4 billion
171 Nicolas Berggruen Alpha Investment Management $2.3 billion
171 Kenneth Griffin Citadel Investment Group $2.3 billion
188 Philip Falcone Harbinger Capital Management $2.2 billion
188 Henry Hillman Hillman Cos. $2.2 billion
200 Israel Englander Millenium Partners $2.1 billion
200 Wilbur Ross W.L. Ross & Co. $2.1 billion
200 David Shaw D.E. Shaw Group $2.1 billion
227 David Bonderman Texas Pacific Group $1.9 billion
227 James Coulter Texas Pacific Group $1.9 billion
227 Alec Gores Gores Technology Group $1.9 billion
242 Leon Cooperman Omega Advisors $1.8 billion
242 Theodore Forstmann Forstmann Little $1.8 billion
260 George Argyros Westar Capital $1.75 billion
273 Glenn Dubin Highbridge Capital Management $1.6 billion
273 Noam Gottesman Man Group $1.6 billion
273 Bruce Karsh Oaktree Capital Management $1.6 billion
273 Howard Marks Oaktree Capital Management $1.6 billion
293 Stephen Mandel Lone Pine Capital $1.5 billion
293 Jonathan Nelson Providence Equity Partners $1.5 billion
293 Peter Thiel Clarium Capital Management $1.5 billion
309 Joshua Harris Apollo Management $1.45 billion
309 T. Boone Pickens BP Capital $1.45 billion
309 Marc Rowan Apollo Management $1.45 billion
312 Louis Bacon Moore Capital Management $1.4 billion
312 Thomas Lee Lee Equity Partners $1.4 billion
331 Richard Chilton Chilton Investment Co. $1.3 billion
331 Marc Lasry Avenue Capital Management $1.3 billion
331 Thomas Steyer Farallon Capital Management $1.3 billion
359 James Dinan York Capital Management $1.2 billion
359 C. Dean Metropoulos Metropoulos & Co. $1.2 billion
359 Nelson Peltz Trian Partners $1.2 billion
359 Henry Swicea Highbridge Capital Management $1.2 billion
375 Thomas Barrack Colony Capital $1.1 billion
375 John Henry John W. Henry & Co. $1.1 billion

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