Icahn, Soros Lead Alternatives Billionaires Ranking

Mar 4 2014 | 11:40am ET

Hedge funds underwhelmed last year, but that didn’t keep 2013 from being a good one for the world’s alternative investment billionaires.

At least 78 hedge fund and private-equity managers made Forbes magazine’s annual list of global billionaires. In a year that saw stocks soar, the 10-figure ranks grew by 268 members to 1,645, an all-time high, with an aggregate net worth of $6.4 trillion.

For the second year in a row, Carl Icahn was the world’s wealthiest hedge fund manager with $24.5 billion. He was followed by George Soros at $23 billion. Both saw their fortunes grow by about 20% last year.

All told, seven hedge fund managers made Forbes’ top 100, and 10 alternatives magnates boasted wealth of $10 billion or more, including the Blackstone Group’s Steven Schwarzman, the wealthiest private-equity manager in the world. He was joined by Dell Inc. and MSD Capital founder Michael Dell ($17.5 billion), Bridgewater Associates founder Ray Dalio ($14.4 billion), buyout kingpin Ronald Perelman ($14 billion), Paulson & Co. founder John Paulson ($13.5 billion), Renaissance Technologies founder James Simons ($12.5 billion), SAC Capital Advisors founder Steven Cohen ($11 billion) and Appaloosa Management founder David Tepper ($10 billion).

Almost all of the alts. managers on the list saw their fortunes grow in 2013—some substantially. Schwarzman’s swelled by more than 50%.

Among the newcomers to the list were BlueCrest Capital Management’s Michael Platt ($3.6 billion), Blackstone Group’s Hamilton James ($1.6 billion), Glenview Capital Management’s Larry Robbins ($1.4 billion), Discovery Capital Management’s Robert Citrone ($1.1 billion), The Children’s Investment Fund’s Christopher Hohn ($1.05 billion) and King Street Capital Management’s O. Francis Biondi and Brian Higgins ($1 billion each). Two members of last year’s ranking, T. Boone Pickens and Thomas Barack, fell from the list.

Microsoft founder Bill Gates returned to the top of the Forbes list for the first time in four years with $76 billion, retaking the lead from Mexico’s Carlos Slim Helu, whose fortune stands at $72 billion.

Alternative Investment Billionaires

rank billionaire alternatives firm net worth (billions)
25 Carl Icahn Icahn Associates $24.5
26 George Soros Soros Fund Management $23.0
48 Michael Dell MSD Capital $17.5
69 Ray Dalio Bridgewater Associates $14.4
73 Ronald Perelman MacAndrews & Forbes $14.0
78 John Paulson Paulson & Co. $13.5
88 James Simons Renaissance Technologies $12.5
106 Steven Cohen SAC Capital Advisors $11.0
122 Stephen Schwarzman The Blackstone Group $10.o
122 David Tepper Appaloosa Management $10.0
240 Leon Black Apollo Management $5.8
270 Kenneth Griffin Citadel Investment Group $5.2
281 Henry Kravis Kohlberg Krariv Roberts $5.0
281 George Roberts Kohlberg Kravis Roberts $5.0
305 Bruce Kovner Caxton Associates $4.8
305 Daniel Ziff Och-Ziff Capital Management $4.8
305 Dirk Ziff Och-Ziff Capital Management $4.8
305 Robert Ziff Och-Ziff Capital Management $4.8
345 Paul Tudor Jones II Tudor Investment Corp. $4.3
329 Samuel Zell Equity Group Investments $4.3
388 Daniel Och Och-Ziff Capital Management $3.9
430 Michael Platt BlueCrest Capital Management $3.6
430 David Shaw D.E. Shaw Group $3.6
446 Leon Cooperman Omega Advisors $3.5
483 Israel Englander Millennium Partners $3.3
506 Julian Robertson Tiger Management $3.2
520 William Conway The Carlyle Group $3.1
520 Daniel D'Aniello The Carlyle Group $3.1
520 Stanley Druckenmiller Duquesne Capital Management $3.1
520 David Rubenstein The Carlyle Group $3.1
551 Edward Lampert ESL Investments $3.0
580 John Arnold Centaurus Energy $2.9
580 Tom Gores Platinum Equity $2.9
580 Joshua Harris Apollo Management $2.9
580 Marc Rowan Apollo Management $2.9
609 Wilbur Ross WL Ross & Co. $2.8
642 David Bonderman TPG Capital $2.7
642 Ronald Burkle Yucaipa Cos. $2.7
663 Richard Rainwater Rainwater LLC $2.6
687 Henry Hillman Hillman Cos. $2.5
731 George Argyros Westar Capital $2.4
796 Andreas Halvorsen Viking Global Management $2.2
796 Daniel Loeb Third Point $2.2
796 Peter Thiel Clarium Capital Management $2.2
828 James Coulter TPG Capital $2.1
828 Alexander Knaster Pamplona Capital Management $2.1
828 Stephen Mandel Lone Pine Capital $2.1
869 Nicolas Berggruen Alpha Investment Management $2.0
869 James Dinan York Capital Management $2.0
869 Alec Gores Gores Group $2.0
869 Bruce Karsh Oaktree Capital Management $2.0
869 Howard Marks Oaktree Capital Management $2.0
869 Noam Gottesman GLG Partners $2.0
988 Glenn Dubin Highbridge Capital Management $1.8
988 Jonathan Nelson Providence Equity Partners $1.8
1036 Michael Hintze CQS $1.75
1046 Marc Lasry Avenue Capital Management $1.7
1046 Peter Peterson The Blackstone Group $1.7
1078 Nelson Peltz Trian Partners $1.65
1092 Louis Bacon Moore Capital Management $1.6
1092 Chase Coleman Tiger Global Management $1.6
1092 David Einhorn Greenlight Capital $1.6
1092 Alan Howard Brevan Howard Asset Management $1.6
1092 Hamilton James Blackstone Group $1.6
1143 Thomas Steyer Farallon Capital Management $1.55
1154 John Henry John W. Henry & Co. $1.5
1154 Thomas Lee Lee Equity Partners $1.5
1154 Peter Singer Elliott Associates $1.5
1203 William Ackman Pershing Square Capital Management $1.45
1210 Richard Chilton Chilton Investment Co. $1.4
1210 Larry Robbins Glenview Capital Management $1.4
1270 Henry Swieca Highbridge Capital Management $1.35
1284 C. Dean Metropoulos Metropoulos & Co. $1.3
1284 Thomas Sandell Sandell Asset Management $1.3
1356 David Harding Winton Capital Management $1.25
1356 Seth Klarman Baupost Group $1.25
1465 Robert Citrone Discovery Capital Management $1.1
1540 Christopher Hohn The Children's Investment Fund $1.05
1565 O. Francis Biondi King Street Capital Management $1.0
1565 Philip Falcone Harbinger Capital Management $1.0
1565 Brian Higgins King Street Capital Management $1.0

Source: Forbes magazine


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