The wealth of hedge fund billionaires on the Forbes400 is the highest it has ever been, amid strong industry returns so far in 2021
released the 2021 edition of The Forbes 400 list of the richest people in the United States, and the 25 wealthiest hedge funders are worth a combined $220 billion, up an impressive $35 billion from last year. In the first half of 2021, hedge funds returned an average of just over 10%—the strongest industry returns in more than two decades, according to an analysis by data and analytics firm Hedge Fund Research.
There were two notable new faces this year. The wealthiest new hedge fund billionaire joining the ranks of The Forbes 400 is Philippe Laffont, with a net worth of $6.5 billion. Laffont is one of the so-called “Tiger Cubs,” having worked at Julian Robertson’s Tiger Management before starting his own hedge fund, Coatue Management, which has $25 billion of assets under management.
Other big gainers include Millennium Management’s Israel Englander, who has a net worth of $10.5 billion, up by $3.3 billion from a year ago. Ray Dalio, the founder of Bridgewater Associates—known as the world’s largest hedge fund—saw his fortune rise by $3.1 billion, to $20 billion.
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