I thoroughly hate that I know this and regret the decisions that led to me knowing this , but this has somehow been discussed before on this forum .
Idk what really is the point of asking this though brother — the chances that this becomes you is statistically very very low, and even if it does become you , the number will be lower than the number today due to a variety of headwinds (and also I’d be very surprised if the number today is that much higher than 10-20m max and 20 is pushing it )
Fully agree - it’s already inherently a stupid/useless question to ask, but even stupider when you bucket APO and H&F partners in the same “net worth” buckets.
Apollo is publicly traded, raising smaller funds, at a slower rate, and the carry pool has been divided far more than H&F, who are privately held, raising huge funds, quicker, and far better AUM:IP.
Don’t know or care what the answer to this question is, as it’s probably not happening to any of us, but that’s just some useful information to have before the next time you post “What’s the net worth of a partner at *insert MF1* and *insert MF2*?”
?? assuming a relatively successful MMIB makes LSD from 40-50, your 10M number is a high end figure. Assuming costs, rent, tax, etc, 10M is an excellent saver and good performer at their job. midwest analyst you throw around crazy projections in other posts that dont consider CoL, tax, lifestyle costs, etc.
Just adding to this. I did a summer at a really small boutique 4 years ago and a guy with hardly and legal knowledge and no finance background, rolled up 18 law firms and sold to LMM PE for 42million.
It took him 7 years.
He was 34.
Puts some perspective on grinding 100+ hour weeks for a partner position in your 40s/50s…..
There is not a fucking chance that lifetime net worths of APO / H&F partners is $10 - 20mm…
By senior partnership they are pulling a few mil a year in compensation, excluding carry. Another poster on a similar thread recently broke down the theoretical earnings of partner at a firm with a $750 mm fund - range was $30 - 50 mm.
These guys would not do this unless they were making very high 8-figure to low / mid 9-figure net worths, and I assure you they are over a 25+ year career at Apollo / H&F.
Anecdotally, Senior MDs at UMM firms have donated 8-figure sums to their Alma maters. Does that sound like someone with a $10 - 20 mm net worth?
No. Stfu with this unbearably pessimistic outlook.
Calculate the total stock holdings of David Sambur in Apollo (believe it was like ~250M) it should prob be that for the top partners at H&F. Maybe a few higher than him but most should def be lower. On average prob sth like 50M-100M. The thing abt H&F is non of the founders are around anymore so the economics are split up
alot of things you can't extrapolate because some people have large inheritance, goodinvestments, etc, but have heard from family mid 8 figures for avg partners who did not join early.
the issue is many of the numbers people throw around involve early partners who were in the heyday of PE. This is absolutely not the reality for partners today.
Think when rates come down, there is going to be a new “heyday of PE”. Crazy how short sighted people are. We just we through 14 years of crazy multiple expansion because of low rates
The only guys getting to those numbers these days are the guys who are making their own funds or have very good economics in a fund they joined early. It's still very possible these days, just not in MF land. Some Thoma senior partners are well over that and there are 3 billionaires not named Thoma or Bravo that came out of it/became billionaires in the past ~9-ish years as Thoma fund sizes ballooned. Not saying there's gonna be many Thoma kinds of firms popping up, but there will def be some eight-nine figure PE firm early senior partners or founder guys even as PE is consolidating. If you're a good investor and willing to take a shot on yourself, there's money to be made.
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The top quartile have net worths exceeding $100mm (although not liquid obviously). The rest have NWs in the range of $10-100mm.
I thoroughly hate that I know this and regret the decisions that led to me knowing this , but this has somehow been discussed before on this forum .
Idk what really is the point of asking this though brother — the chances that this becomes you is statistically very very low, and even if it does become you , the number will be lower than the number today due to a variety of headwinds (and also I’d be very surprised if the number today is that much higher than 10-20m max and 20 is pushing it )
Idk about you but I think I could settle for $10-20M…
10-20mm sounds extremely,extremely low for these roles
10-20m to spend the best 30 years of your life doing nothing but working? Yeah no thanks.
Fully agree - it’s already inherently a stupid/useless question to ask, but even stupider when you bucket APO and H&F partners in the same “net worth” buckets.
Apollo is publicly traded, raising smaller funds, at a slower rate, and the carry pool has been divided far more than H&F, who are privately held, raising huge funds, quicker, and far better AUM:IP.
Don’t know or care what the answer to this question is, as it’s probably not happening to any of us, but that’s just some useful information to have before the next time you post “What’s the net worth of a partner at *insert MF1* and *insert MF2*?”
10-20 feels low as that is NW of a decently successful accountant/dentist/MMIB MD in a LCOL by their 50s?
10-20 isn't far above the average ANNUAL profits per partner of kirkland and several other law firms. it is for sure low
How many accountants have $20mm NW? Maybe some of the top partners? I would not say this is the norm for your moderately successful accountant.
?? assuming a relatively successful MMIB makes LSD from 40-50, your 10M number is a high end figure. Assuming costs, rent, tax, etc, 10M is an excellent saver and good performer at their job. midwest analyst you throw around crazy projections in other posts that dont consider CoL, tax, lifestyle costs, etc.
Just adding to this. I did a summer at a really small boutique 4 years ago and a guy with hardly and legal knowledge and no finance background, rolled up 18 law firms and sold to LMM PE for 42million.
It took him 7 years.
He was 34.
Puts some perspective on grinding 100+ hour weeks for a partner position in your 40s/50s…..
There is not a fucking chance that lifetime net worths of APO / H&F partners is $10 - 20mm…
By senior partnership they are pulling a few mil a year in compensation, excluding carry. Another poster on a similar thread recently broke down the theoretical earnings of partner at a firm with a $750 mm fund - range was $30 - 50 mm.
These guys would not do this unless they were making very high 8-figure to low / mid 9-figure net worths, and I assure you they are over a 25+ year career at Apollo / H&F.
Anecdotally, Senior MDs at UMM firms have donated 8-figure sums to their Alma maters. Does that sound like someone with a $10 - 20 mm net worth?
No. Stfu with this unbearably pessimistic outlook.
Calculate the total stock holdings of David Sambur in Apollo (believe it was like ~250M) it should prob be that for the top partners at H&F. Maybe a few higher than him but most should def be lower. On average prob sth like 50M-100M. The thing abt H&F is non of the founders are around anymore so the economics are split up
alot of things you can't extrapolate because some people have large inheritance, goodinvestments, etc, but have heard from family mid 8 figures for avg partners who did not join early.
the issue is many of the numbers people throw around involve early partners who were in the heyday of PE. This is absolutely not the reality for partners today.
Think when rates come down, there is going to be a new “heyday of PE”. Crazy how short sighted people are. We just we through 14 years of crazy multiple expansion because of low rates
The only guys getting to those numbers these days are the guys who are making their own funds or have very good economics in a fund they joined early. It's still very possible these days, just not in MF land. Some Thoma senior partners are well over that and there are 3 billionaires not named Thoma or Bravo that came out of it/became billionaires in the past ~9-ish years as Thoma fund sizes ballooned. Not saying there's gonna be many Thoma kinds of firms popping up, but there will def be some eight-nine figure PE firm early senior partners or founder guys even as PE is consolidating. If you're a good investor and willing to take a shot on yourself, there's money to be made.
Delectus sequi aut et eos beatae. Dolorem quas qui voluptatem maxime id modi. Adipisci minus ducimus quas temporibus. Enim minus consequuntur et consequatur sed. Et laudantium consequatur inventore in aperiam porro molestiae dolorem. Officiis sint nesciunt eum. Sunt incidunt molestiae eos commodi sunt sequi.
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