The 40 Biggest Hedge Fund Billionaires

bill-gates-ireland-rich

Highest Net Worth Hedge Fund Managers Here is a list of hedge fund billionaires ranked in terms of their amounts of Assets Under Management:

1. Ken Griffin. $57.9 billion.
2. David Shaw. $53.2 billion.
3. Alan Howard. $40.1 billion.
4. James Simons. $38.1 billion
5. Michael Platt. $35 billion.
6. Israel Englander. $32.6 billion.
7. Philip Falcone. $26.9
8. Daniel Och. $26.9 billion.
9. Julian Robertson. $22 billion (in 1998)
10. Carl Icahn. $21.5 billion.
11. Stephen Mandel, Jr. $20.5 billion.
12. Steven Cohen. $18.2 billion.
13. Andreas Halvorsen. $18 billion.
14. Joshua Friedman. $17.6 billion
15. Chase Coleman. $15.8 billion.
16. John Paulson. $14.2 billion.
17. Edward Lampert. $12.3 billion.
18. Marc Lasry. $12.3 billion.
19. James Dinan. $12 billion.
20. Ray Dalio. $11.4 billion.
21. William Ackman. $11 billion.
22. Glenn Dubin. $10.1 billion.
23. Stanley Druckenmiller. $10 billion.
24. George Soros. $9.2 billion.
25. David Tepper. $6.9 billion.
26. Leon Cooperman. $6.5 billion.
27. David Harding. $5.5 billion.
28. Thomas Steyer. $5.2 billion.
29. Paul Singer. $5.2 billion.
30. Daniel Loeb. $4.5 billion.
31. Louis Bacon. $4.2 billion.
32. Richard Chilton, Jr. $3.7 billion
33. John Arnold. $3.5 billion.
34. Seth Klarman. $3.1 billion.
35. Noam Gottesman. $2.6 billion.
36. Bruce Kovner. $2.3 billion.
37. Paul Tudor Jones. $1.3 billion.
38. Michael Hintze. $686.8 million.
39. Thomas Sandell. $598.2 million.
40. Henry Swieca. $354 million.

Read more FULL ARTICLE

Meet Coin, the Future of Mobile Payments?

Introducing Coin…

COIN

Last Thursday, a tech startup by the name of Coin held a pre-order campaign to help fund its new contraption, namely a card-shaped device into which all of your point-of-sale-related plastics, from credit cards to rewards cards, can be consolidated and subsequently used as any old piece of plastic. The success of the crowdfunding effort was undeniable, with the company meeting its $50,000 goal, through $50 pre-orders, in about 40 minutes, and could be taken as a clear indication that demand for such a product is high.

Coin’s electronic credit card, identical in shape to the traditional credit card, is slated for release in summer of 2014, and will have the capacity to hold up to eight different cards. Users will be able to toggle between whichever card is required by the given transaction, and the company is also developing a mobile app that will allow for the storage of an unlimited number of debit, credit, gift, rewards, and loyalty cards.

Whether one is using the card device, or the mobile app, the process for transferring the information from the original cards to Coin is simple, involving “a picture or two and swiping your Coin through a small device we provide you with.” according to the FAQ on the company’s website.

Read more FULL ARTICLE

Rich Russians Sparring With Putin Over $48 Billion Olympics Bet

In August, Russian President Vladimir Putin flew to the Black Sea resort of Sochi, where his country is spending a record $48 billion on the 2014 Winter Olympics. A regular visitor, with an official residence in town, Putin watched mixed-martial-arts contests at Oblaka nightclub with Russian Prime Minister Dmitry Medvedev and Kazakh President Nursultan Nazarbayev.

Read more FULL STORY

Meet China’s Beverly Hillbillies

Macau's Booming Gaming Industry

They have been mentioned more than 56 million times on Sina Weibo, China’s Twitter. Everyone wants to be their friend, but no one likes them.

They seem to be everywhere, throwing around their newly minted renminbi and well-used UnionPay debit cards; yet they are elusive and shun the media. Their love for bling has become the backbone of the global luxury goods industry, yet they are also the subject of disdain, the butt of jokes, the punching bag for that which is offensive to good taste…

Read more FULL ARTICLE

Reforming the International Monetary and Financial Systems in the Wake of the Global Crisis

stiglitz

The Stiglitz Report: In October 2008, the President of the General Assembly of the United Nations, Miguel d’Escoto Brockmann, established the “Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System” chaired by Joseph E. Stiglitz. This commission had the aim of proposing necessary reforms in the world financial system that would prevent another event like the late-2000s financial crisis.

Besides Stiglitz, members of the commission included Andrei Bougrov, Yousef Boutros-Ghali, Jean-Paul Fitoussi, Charles A. E. Goodhart, Robert Johnson, Jomo Kwame Sundaram, Benno Ndulo, José Antonio Ocampo, Pedro Páez, Avinash Persaud, Yaga Venugopal Reddy, Rubens Ricupero, Eisuke Sakakibara, Chukwuma Soludo, Heidemarie Wieczorek-Zeul, Yu Yongding and Zeti Akhtar Aziz. Jan Kregel acted as rapporteur.

The report goes through four main topics:

Macroeconomic Issues and Perspectives
Reforming Global Regulation to Enhance Global Economic Stability
International Institutions
International Financial Innovations

Read more FULL ARTICLE

Economists: Future Deficits Top United States Fiscal Problem

stock_market_crash

The biggest fiscal challenge facing the U.S. is the size of projected deficits in the 2020s and 2030s, according to a survey of business economists.

The National Association for Business Economics surveyed 220 of its members in July and August. The survey found that members were more concerned about the size of deficits in the next two decades than current deficits or deficits over the next 10 years: 43 percent of the economists named budget gaps in the 2020s and 2030s as the top fiscal challenge, compared with 37 percent who chose projected deficits over the next 10 years.

See the Video Report

Most Expensive ZIP Codes And China’s Billionaires

world economic advisor-bentley

FORBES released the list of America’s most expensive ZIP codes on Wednesday.

world economic advisor-rich-chinese-kid-dubai-life-08-lamborghini-gallardo

Silicon Valley dominates the 2013 list. “Six FORBES 400 billionaires reside in Atherton, including Google Chairman Eric Schmidt, discount brokerage tycoon Charles Schwab, and HP chief Meg Whitman” — Morgan Brennan….

Read more FULL ARTICLE

Switzerland has $2.8 trillion in assets under management

how-the-wealthy-think-differently-this-is-huge

Yet the report said Singapore could overtake Switzerland in offshore assets under management by 2020. It said Swiss offshore assets could fall below $2 trillion by 2016, while Singapore’s assets could more than quadruple by then.

The reason: Switzerland may be falling out of favor with the wealthy, while Singapore is attracting more of the new wealth from Asia. Recent offshore wealth scandals and prosecutions in the United States and Europe have pierced the veil of Switzerland’s vaunted bank secrecy laws. Western countries are also tightening their tax codes and chasing tax shelters more aggressively.

“The Swiss wealth management model is under intense pressure,” the report states. “Offshore centers have suffered significant reputational damage in the past four years and advanced economies are increasing their oversight of cross-border banking and tax havens.”

While the West is cracking down on wealth in Switzerland, however, Singapore is opening its arms to all the new rich from Asia. Millionaires and billionaires in Asia, especially China, are pulling hundreds of billions of dollars out of their country to stash overseas.

Read more FULL ARTICLE

Singapore Will Replace Switzerland as Wealth Capital

world_pol495.jpg

Thanks in part to its generous tax regime, Singapore has been a millionaire haven for years. But a new report says the tiny island state may soon overtake Switzerland as the world’s largest offshore wealth hub.

The report, by WealthInsight, a London-based research firm, says Singapore is the fastest growing wealth center in the world, with $550 billion in assets under management – up from $50 billion in 2000. About $450 billion of that is offshore.

Read more FULL ARTICLE