The Forbes Billionaires List is out…
And it looks like we're in the wrong industry.
Still on top is Carlos, with a whopping $18 billion lead over the evildoers Bill Gates and . 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.
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 $.
George Soros $14.Management
Carl$12.5 B Icahn Enterprises
Ron Perelman $12 B MacAndrews & Forbes
Abigail Johnson $11.3 B Fido
James Simons $10.
Steve Cohen $8 B S.A.C. Capital
Edward Johnson $7.1 B Fido
Ray Dalio $
Stephen Schwarzman $5.9 BGroup
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.Associates
$4 B each Och-Ziff
Henry Kravis $3.
George Roberts $3.7 B KKR
Edward Lampert $3.6 B
Side note; I'm surprised Charlie Munger's worth only $1 B.
Have a good one monkeys.