Richest BusinessWall Street
Net Worth:
$1.2 Billion
Dec 7, 1940 (83 years old)
Businessperson, Investor
United States of America
💰 Compare Michael Steinhardt's Net Worth
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    What is Michael Steinhardt's 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.

    All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
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