Rank Name Firm Name 2007 Earnings*
1 John Paulson Paulson & Co. $3.7 billion
2 George Soros Soros Fund Management 2.9 billion
3 James Simons Renaissance Technologies Corp. 2.8 billion
4 Philip Falcone Harbinger Capital Partners 1.7 billion
5 Kenneth Griffin Citadel Investment Group 1.5 billion
6 Steven Cohen SAC Capital Advisors 900 million
7 Timothy Barakett Atticus Capital 750 million
8 Stephen Mandel Jr. Lone Pine Capital 710 million
9 John Griffin Blue Ridge Capital 625 million
10 O. Andreas Halvorsen Viking Global Investors 520 million
A personal blog by a Black, Gay, Caribbean, Liberal, Progressive, Moderate, Fit, Geeky, Married, College-Educated, NPR-Listening, Tennis-Playing, Feminist, Atheist, Math Professor in Los Angeles, California
Thursday, April 17, 2008
Some Mathematicians Earned Billions In 2007
The Top 10 Hedge Fund managers for 2007 have been released by Alpha Magazine. On last year's list the highest earner was James Simons, a former mathematics professor with $1.7 billion. This year John Paulson, another mathematician, is atop the list with more than double that obscene amount: $3.7 billion. Also in the top 3 was George Soros, who has been active in progressive causes through his Open Society Institute. The rich get richer, indeed!
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