The Forbes Billionaires List is out…
And it looks like we’re in the wrong industry.
Once again, Forbes has come out with their much anticipated Billionaires list and newly minted billionaires around the world are singing praises of the Ben Bernank for elevating their share prices.
Still on top is Carlos , with a whopping $18 billion lead over the evildoers Bill Gates and Warren Buffett. Rounding up the top 5 is LVMH’s Bernard Arnault and Oracle’s (not to mention America’s Cup Winner) Larry Ellison.
There’s been some shuffling going on in our beloved industry though; John Paulson is now the richest hedge funder with a net worth of $16 billion as old Georgie slips down a few notches to 46th place, with $14.5 billion as PTJ, Daniel Och, and John Arnold battle over 336th place with $3.3 billion each.
Wonder what Faustian agreement Paulson made, that’s $16 billion in less than 5 years monkeys.
More intriguing though is the number of new faces coming from tech; Zynga founder Mark Pincus is in at $1 billion thanks to Farmville and Mafia Wars. Koreans Kim-Jung Ju and Kim Tack-Jin are in at a billion each as well for their respective online gaming companies and let’s not forget the Facebook crew: Sean Parker’s finally on the list with $1.6 billion and despite heavy losses at Clarium, Peter Thiel’s back on it thanks mostly to his early investment in it.
Sell signal?
Groupon, Craigslist, and the rest are making centi-millionaires out of their investors as well so I really won’t be surprised.
Anyway, here’s the list of the top 20 in finance:
Warren Buffett $50 B Berkshire Hathaway
John Paulson $16 B Paulson & Co.
George Soros $14.5 B Soros Fund Management
Carl Icahn $12.5 B Icahn Enterprises
Ron Perelman $12 B MacAndrews & Forbes
Abigail Johnson $11.3 B Fido
James Simons $10.6 B Renaissance Technologies
Steve Cohen $8 B S.A.C. Capital
Edward Johnson $7.1 B Fido
Ray Dalio $6 B Bridgewater
Stephen Schwarzman $5.9 B Blackstone Group
Charles Johnson $5.1 B Franklin Resources
David Tepper $5 B Appaloosa
Rupert Johnson $4.9 B Franklin Resources
Charles Schwab $4.7 B Charles Schwab
Bruce Kovner $4.5 B Caxton Associates
Ziff Brothers $4 B each Och-Ziff
Henry Kravis $3.9 B KKR
George Roberts $3.7 B KKR
Edward Lampert $3.6 B ESL Investments
Side note; I'm surprised Charlie Munger's worth only $1 B.
Have a good one monkeys.
Ugh. At least I have something to dream about during this hellish allnighter.
Thanks.
How come no GS TMT????????????????
So, would you say that Tech startups are the new Wall Street? Kind of sobering isn't it
I think I just lost my ability to empathize with that pussy that gets screwed out of his share in The Social Network.
Saverin
Dude got like 2bil didn't he?
Yeah, 1.6 is way low, he got like 2.5 B out of Facebook and another B doing VC.
Really? I'd still be pretty pissed off if I was him. Sure, he's a billionaire now but there's a huge difference between 2 B and 8 B+ or whatever he should've got.
In nominal terms yeah, but I can't imagine there's much of a lifestyle difference. Besides, it's not like these guys are liquid.
Haha. That's true.
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