Chase Coleman, III. Net Worth
Chase Coleman, III. Net Worth: Chase Coleman, III. is an American hedge fund manager who has a net worth of $1.9 billion. Even though Chase was born in "old money", he has managed to make quite a substantial amount of "new money" as well. As a matter of fact, Coleman has generated his net worth through his Tiger Global Management, which is one of the seeded funds of the "The Tiger Fund," a hedge fund set up by Julian Robertson that was actively investing from 1980 to March 2000. After closing the fund, Julian Robertson decided to use his own capital, experience, and infrastructure to launch 38 hedge funds ("Tiger Seeds") in return for a stake in their fund management companies. Thus, it was created Coleman's Tiger Global Management in 2001, a fund that now oversees a total $11 billion. One of Robertson's "Tiger Cubs", Coleman has also spent six years serving as co-chair of the Tiger Foundation, which Robertson started to fight poverty in New York City. What's more, Coleman is co-chair of the investment committee for the Hospital for Special Surgery in New York. Getting back to Tiger Global Management, it owes its success to making a bunch of smart investments like selling a big chunk of its stake in Facebook in the IPO. Most recently (in the first half of 2013), Tiger Global posted net returns of 5.5%, whereas in the previous three years, Coleman has scored net return in excess of 20%. This explains why he was regarded to be the most profitable hedge fund founder in 2011.