Lifestyle

Soros Top ’13 Earners With $4 Billion

Feb 27 2014 | 12:54pm ET

George Soros hasn’t managed a hedge fund in two years, and has even stepped back from running his family office. But he still made more than any other hedge fund manager last year.

Soros took home $4 billion, in 2013, according to Forbes magazine’s annual ranking of highest-earning hedge fund managers. The 83-year-old easily topped 2012's highest earner, David Tepper of Appaloosa Management, who earned $3.5 billion last year.

Last year was SAC Capital Advisors founder Steven Cohen’s last as a hedge fund manager—SAC has returned outside capital as part of an insider-trading settlement—and he made it count, earning $2.3 billion, $1 billion more than in 2012. Paulson & Co.’s John Paulson was fourth at $1.9 billion and Carl Icahn fifth at $1.7 billion. Renaissance Technologies’ James Simons, like Soros a retired hedge fund manager, rounded out the six who made at least $1 billion with $1.1 billion in earnings last year.

All told, the 25 highest-earning hedge fund managers last year combined to make $24.3 billion—in spite of sub-par returns for the industry in 2013.

Bridgewater Associates founder Ray Dalio and Citadel Investment Group’s Kenneth Griffin each made $900 million last year, Glenview Capital Management’s Larry Robbins $750 million and Omega Advisors’ Leon Cooperman $730 million.

Forbes' Highest-Paid Hedge Fund Managers 2013

rank manager firm 2013 earnings
1 George Soros Soros Fund Management $4.0 billion
2 David Tepper Appaloosa Management $3.5 billion
3 Steven Cohen SAC Capital Advisors $2.3 billion
4 John Paulson Paulson & Co. $1.9 billion
5 Carl Icahn Icahn Associates $1.7 billion
6 James Simons Renaissance Technologies $1.1 billion
7 Ray Dalio Bridgewater Associates $900 million
7 Kenneth Griffin Citadel Investment Group $900 million
9 Larry Robbins Glenview Capital Management $750 million
10 Leon Cooperman Omega Advisors $730 million
11 Paul Tudor Jones Tudor Investment Corp. $700 million
10 Daniel Loeb Third Point $700 million
13 Andreas Halvorsen Viking Global Investors $560 million
14 Edward Lampert ESL Investments $500 million
14 Stephen Mandel Lone Pine Capital $500 million
16 Nelson Peltz Trian Fund Management $430 million
17 Daniel Och Och-Ziff Capital Management $400 million
18 Israel Englander Millennium Management $380 million
18 Christopher Hohn The Children's Investment Fund $380 million
20 Robert Citrone Discovery Capital Management $350 million
20 James Dinan York Capital Management $350 million
20 David Einhorn Greenlight Capital $350 million
20 Seth Klarman Baupost Group $350 million
24 Chase Coleman Tiger Global Management $280 million
24 Marc Lasry Avenue Capital Ground $280 million

In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note