- Successful hedge-fund managers are good at coming up with well-defined investment strategies to make money for their clients.
- Hedge-fund managers usually charge their clients a management fee and take a percentage of the profits.
- Here are the richest hedge-fund managers in the world, based on Forbes‘ 2019 billionaires report, in ascending order of their net worth.
Hedge-fund managers are good at coming up with well-defined investment strategies to make money for their clients.
Historically, these managers have charged a 2% management fee and take around 20% of the annual profit they make for their clients. While some active funds have decreased fees to attract investors, successful managers have still been able to make a ton of money by managing the capital of their clients.
Using Forbes 2019 report, Markets Insider compiled a list of the wealthiest hedge-fund billionaires. Here are the richest hedge-fund managers in the world, in ascending order of their net worth.
Stanley Druckenmiller
REUTERS/Brendan McDermid
Firm: Duquesne Capital Management
Net worth: $4.6 billion
Rank: 413
Source: Forbes
Robert Ziff
Firm: Ziff Brothers Investments
Net worth: $4.8 billion
Rank: 379
Source: Forbes
Dirk Ziff
Patrick McMullan/Getty Images
Firm: Ziff Brothers Investments
Net worth: $4.8 billion
Rank: 379
Source: Forbes
See the rest of the story at Business Insider
See Also:
- Meet the Ambanis, the richest family in Asia, who live in a $1 billion skyscraper and mingle with royals, politicians, and Bollywood stars
- China’s superrich are losing faith in the country’s economy, with some even worried it will turn into the next Venezuela
- Paul Krugman, Rick Rieder, and 47 more of the brightest minds on Wall Street reveal the world’s most important charts
Source: Business Insider – ejiang@businessinsider.com (Ethel Jiang)