Despite the downturn in the markets, hedge fund managers are still well represented in the annual Forbes 400 list of the richest Americans. Fifty-one members of the billionaire’s club are involved in the hedge fund or private equity business, including 17 in the top 100.
A summary of the Forbes list analyzed by finalternatives.com shows legendary global macro hedge fund manager George Soros in 15th place, with an estimated net worth of $13 billion. Other leaders include buyout specialist Carl Icahn in 22nd place with $10.5 billion, Ronald Perelman in 23rd place with $10 billion, Renaissance Technologies’ James Simons in 29th place ($8.5 billion), John Paulson in 33rd place ($6.8 billion), SAC Capital Advisors’ Steven Cohen at number 36 ($6.4 billion) and Steven Schwarzman of The Blackstone Group in 50th place.
The article notes that the past year was only the fifth in history when the richest Americans have actually lost money. You can see the entire ranking of alternative investment managers who made the Forbes 400 list at finalternatives.com