Who is the richest hedge fund owner?

Bridgewater Associates, a global investing force, had $168 billion under management at its peak in 2022, making it not just the world's largest hedge fund, but also more than twice the size of the runner-up.

The top earner was Ken Griffin, founder of multistrategy giant Citadel. He personally made $4.1 billion — the most any hedge fund manager has ever earned in the history of the Rich List.

Forbes noted that they have counted 47 hedge fund billionaires. Forbes mentioned that the 47 people have a combined net worth of $312 billion, up slightly from the same number in 2022 who were worth $310 billion.

Stocks Elon Musk doesn't buy

Musk isn't a hedge fund manager and isn't required to disclose relatively small investments.

In the world's largest Wall Street derby, Vanguard Group Inc. for the first time won the institutional asset management race by a nose in 2022, beating out BlackRock Inc. for most institutional assets under management worldwide.

Steve Cohen, the hedge-fund king, made a quick decision to buy Amazon stock based on insider information, leading to a desire for regular access to such information, while a hedge fund was investigated for favoring friends and family, and a larger network of corruption involving multiple funds was discovered.

Private Equity and Hedge Funds

While they aren't the same thing, these two types of investment tools are popular among billionaires. They appeal to people of high net worth who can afford large investments and higher risk. Such people are sometimes categorized as sophisticated investors or accredited investors.

The median manager earned $570 million — the fourth best in 22 years — and the seven highest earners all made at least $1 billion. The top earner was Ken Griffin, founder of multistrategy giant Citadel. He personally made $4.1 billion — the most any hedge fund manager has ever earned in the history of the Rich List.

Key Takeaways. Hedge funds seem to rake in billions of dollars a year for their professional investment acumen and portfolio management across a range of strategies. Hedge funds make money as part of a fee structure paid by fund investors based on assets under management (AUM).

In 1975, Bridgewater Associates was founded by Ray Dalio in his Manhattan apartment. Today Bridgewater is the largest hedge fund in the world and Dalio has a personal fortune of approximately $19 billion.

Robyn Grew, the president of the firm, will be the first woman to lead Man Group when she takes over September 1.

B; MSGS; CVNA; VRM. The Bill & Melinda Gates Foundation Trust, a hedge fund controlled by Microsoft co-founder Bill Gates, his former wife Melinda Gates, and ace investor Warren Buffett, has been avoiding making a lot of additions to its portfolio this year.

In 1994, Jeff Bezos worked at the D. E. Shaw & Co. hedge fund, where his job involved delving into potential business prospects in the emerging internet domain.

Hedge funds set high barriers to entry, which screen out most investors. Hedge funds tend to have specific characteristics and features. They require wealth to participate. Hedge funds typically require an investor to have a liquid net worth of at least $1 million, or annual income of more than $200,000.

Two years later, PayPal was sold to eBay for $1.5 billion, which allowed Musk to found and invest in several of the companies he still has today. Musk invested in his cousins' solar energy company, SolarCity, back in 2006; it was acquired by Tesla ten years later for $2.6 billion in stock.

According to recent reports, he had invested over $5 billion in Bitcoin, apart from other sizable investments in Dogecoin and Ethereum. However, his investment in Dogecoin is largely fueled by his personal opinions about affordable cryptocurrency. Excession is also involved in Musk's discrete philanthropic investments.

So if you were wondering whether Elon Musk is the owner of OpenAI, the answer is no. However, Elon still has a role in OpenAI. He's on the board of advisors of OpenAI and is still influencing decisions within the company.

Pfizer's top shareholders: Vanguard, BlackRock and State Street. “They do own a large portion of the publicly traded shares of those companies, so that's true,” says Daniel Sotiroff, senior manager research analyst for Morningstar Research Services.

BlackRock remained the largest firm overall, with $8.59 trillion in total assets globally vs. Vanguard's $7.25 trillion, and has a much larger presence with clients such as government-sponsored retirement plans and sovereign wealth funds.

BlackRock is the world's largest asset management company, not a secretive organization controlling the world. It manages trillions of dollars in assets for individuals and institutions worldwide. While it wields significant influence due to its size and reach, it does not have direct control over global affairs.

J.P. Morgan Alternative Asset Management (JPMAAM) is a dedicated, global provider of niche hedge fund strategies. Since its inception in 1995, JPMAAM has focused on developing customized solutions across the liquidity spectrum to help investors achieve their strategic investment objectives.