Daniel Och Net Worth
Daniel Och Net Worth: Daniel Och is an American businessman who has a net worth of $3.5 billion. He has accumulated his vast wealth as a CEO of Och-Ziff Capital Management; a global hedge fund and alternative asset management company. Having acquired a BS in Economics from the Wharton School of the University of Pennsylvania, he started his career in 1982 working at Goldman Sachs in the Risk Arbitrage Department. Few years later, he became the Head of Proprietary Trading in the Equities Division and Co-Head of U.S. Equities Trading. Working for the company for 11 years, Och struck out on his own in 1994. Reportedly, he used $100 million in seed money from the billionaire Ziff brothers to found the Och-Ziff Capital Management Group. He listed the group on the New York Stock Exchange in 2007, initially at a price of $32.00. Whereas the group's stock has seen a significant decline since the IPO, total assets under management at the company are now said to be up to $36.6 billion.