Michael Steinhardt Net Worth

How much is Michael Steinhardt Worth?

in Richest BusinessmenWall Street
Michael Steinhardt net worth:
$1.2 Billion

Michael Steinhardt Net Worth: Michael Steinhardt is an American hedge fund manager, investor, publisher, and philanthropist who has a net worth of $1.2 billion dollars. Born in Brooklyn, New York, in 1940, Michael Steinhardt graduated from the University of Pennsylvania's Wharton School before founding Steinhardt, Fine, Berkowitz & Co. in 1967. It made him one of the country's most well known hedge fund managers. That group, later named Steinhardt Partners, averaged a 24.5% annualized return rate for clients. In the early '90s, the company came under federal investigation over accusations the firm attempted to manipulate the short-term Treasury Note market. Steinhardt Partners was subject to a $70 million fine; Steinhardt paid 75% of the fee, though never admitted to wrongdoing. At the end of 1995, the hedge fund shut down, and Steinhardt went into retirement for nearly a decade. In 2004, he took a job with Index Development Partners, Inc., which soon became WisdomTree Investments, where Steinhardt is now chairman. He is an active philanthropist for predominantly Jewish causes, including Taglit-Birthright Israel, New York University's Steinhardt School of Culture, Education and Human Development, and the American Hebrew Academy. His autobiography, "No Bull: My Life in and out of Markets", published in 2001. The antique arts collector has three children with his wife, Judy.

Michael Steinhardt Net Worth

Michael Steinhardt Net Worth

Michael Steinhardt

Businessperson
Date of Birth
Dec 7, 1940 (75 years old)
Profession
Businessperson, Investor
Nationality
United States of America
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
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