Icahn, Soros Richest Alts. Billionaires

Mar 4 2013 | 2:55pm ET

The alternatives investment industry is handsomely represented on Forbes magazine's roster of global billionaires.

Carl Icahn is the wealthiest hedge fund or private equity manager in the world, according to the list, on which he placed 26th with $20 billion. The list is led once again by Mexico's Carlos Slim Helu and Bill Gates, with fortunes of $73 billion and $67 billion, respectively.

There were at least 76 alternatives billionaires on the list, which hit a record 1,426 members this year with a record combined net worth of $5.4 trillion. Seven of the alts. magnates made the top 100 with fortunes of at least $10 billion: George Soros ($19.2 billion), Dell Inc. and MSD Capital founder Michael Dell ($15.3 billion), Bridgewater Associates' Ray Dalio ($12.5 billion), buyout kingpin Ronald Perelman ($12.2 billion), Renaissance Technologies' James Simons ($11.7 billion), and Paulson & Co.'s John Paulson ($11.2 billion). SAC Capital Advisors' Steven Cohen just missed the cut, with $9.3 billion.

There were a few new faces from the alternatives world to make the list this year, including Icahn nemesis William Ackman of Pershing Square Capital Management with $1.2 billion, and Baupost Group's Seth Klarman with $1.05 billion. Sprott Inc.'s Eric Sprott, burned by a nearly 50% drop in his firm's share price, fell off the list, and is now a mere millionaire.

Alternative Investment Billionaires

rank billionaire alternatives firm net worth (billions)
26 Carl Icahn Icahn Associates $20.0
30 George Soros Soros Fund Management $19.2
49 Michael Dell MSD Capital $15.3
76 Ray Dalio Bridgewater Associates $12.5
79 Ronald Perelman MacAndrews & Forbes $12.2
82 James Simons Renaissance Technologies $11.7
91 John Paulson Paulson & Co. $11.2
117 Steven Cohen SAC Capital Advisors $9.3
166 David Tepper Appaloosa Management $7.0
182 Stephen Schwarzman The Blackstone Group $6.5
276 Henry Kravis Kohlberg Krariv Roberts $4.5
286 Daniel Ziff Och-Ziff Capital Management $4.4
286 Dirk Ziff Och-Ziff Capital Management $4.4
286 Robert Ziff Och-Ziff Capital Management $4.4
299 Leon Black Apollo Management $4.3
299 Bruce Kovner Caxton Associates $4.3
316 Kenneth Griffin Citadel Investment Group $4.1
316 George Roberts Kohlberg Kravis Roberts $4.1
329 Samuel Zell Equity Group Investments $4.0
376 Paul Tudor Jones II Tudor Investment Corp. $3.6
395 David Shaw D.E. Shaw Group $3.4
437 Ronald Burkle Yucaipa Cos. $3.1
437 Edward Lampert ESL Investments $3.1
458 William Conway The Carlyle Group $3.0
458 Daniel D'Aniello The Carlyle Group $3.0
458 Israel Englander Millennium Partners $3.0
458 David Rubenstein The Carlyle Group $3.0
490 Daniel Och Och-Ziff Capital Management $2.9
503 John Arnold Centaurus Energy $2.8
503 Stanley Druckenmiller Duquesne Capital Management $2.8
503 Julian Robertson Tiger Management $2.8
554 David Bonderman TPG Capital $2.6
554 Tom Gores Platinum Equity $2.6
554 Wilbur Ross WL Ross & Co. $2.6
589 Leon Cooperman Omega Advisors $2.5
641 Richard Rainwater Rainwater LLC $2.3
641 Henry Hillman Hillman Cos. $2.3
704 James Coulter TPG Capital $2.1
704 Joshua Harris Apollo Management $2.1
704 Marc Rowan Apollo Management $2.1
736 George Argyros Westar Capital $2.0
736 Nicolas Berggruen Alpha Investment Management $2.0
792 Alec Gores Gores Group $1.9
882 Glenn Dubin Highbridge Capital Management $1.7
882 Noam Gottesman GLG Partners $1.7
882 Alexander Knaster Pamplona Capital Management $1.7
922 Bruce Karsh Oaktree Capital Management $1.65
922 Howard Marks Oaktree Capital Management $1.65
931 James Dinan York Capital Management $1.6
931 Michael Hintze CQS $1.6
931 Alan Howard Brevan Howard Asset Management $1.6
931 Stephen Mandel Lone Pine Capital $1.6
931 Peter Thiel Clarium Capital Management $1.6
974 John Henry John W. Henry & Co. $1.5
974 Thomas Lee Lee Equity Partners $1.5
974 Daniel Loeb Third Point $1.5
974 Jonathan Nelson Providence Equity Partners $1.5
1031 Chase Coleman Tiger Global Management $1.4
1031 Marc Lasry Avenue Capital Management $1.4
1031 Thomas Steyer Farallon Capital Management $1.4
1107 Louis Bacon Moore Capital Management $1.3
1107 Andreas Halvorsen Viking Global Management $1.3
1107 David Harding Winton Capital Management $1.3
1107 Peter Peterson The Blackstone Group $1.3
1107 Peter Singer Elliott Associates $1.3
1161 David Einhorn Greenlight Capital $1.25
1175 William Ackman Pershing Square Capital Management $1.2
1175 Richard Chilton Chilton Investment Co. $1.2
1175 Philip Falcone Harbinger Capital Management $1.2
1175 C. Dean Metropoulos Metropoulos & Co. $1.2
1175 Nelson Peltz Trian Partners $1.2
1175 T. Boone Pickens BP Capital $1.2
1175 Thomas Sandell Sandell Asset Management $1.2
1175 Henry Swieca Highbridge Capital Management $1.2
1332 Seth Klarman Baupost Group $1.05
1342 Thomas Barack Colony Capital $1.0

Source: Forbes magazine


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