James Simons, Ray Dalio, Ken Griffin lead Bloomberg’s ranking. Chase Coleman, Izzy Englander each made more than $340 Million
Bloomberg News that even in this Gilded Age of 0.0001 percenters, Kenneth Griffin drips money.
The hedge-fund mogul recently closed on a New York penthouse for an eye-watering $240 million. Before that he picked up a $122 million London mansion. He can hang his $200 million Pollock in one and his $300 million de Kooning in the other.
Remarkably, all of that cost less than what Griffin made in 2018, when his personal fortune swelled by $870 million to about $10 billion, according to the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people.
More remarkable is how Griffin and many other hedge fund giants mint so much money: with investment returns that are solid, but a far cry from John Paulson’s mammoth housing short or when George Soros broke the Bank of England.
The Bloomberg Billionaires Index’s inaugural ranking of hedge-fund wealth lays bare a truth about the business that, for many, defines what it means to be rich.
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