George Soros tops the list of Wealthy Hedge Fund Managers

A new 2017 Forbes list of World’s Richest Hedge Fund Billionaires places George Soros in pole position. According to the excerpt published on March 20, 2017 Soros leads the rankings with an estimated net worth of about $25 billion. His investment portfolio, Soros Fund Management (SFM) oversees assets to the tune of $30 billion. The fund is managed by Dawn Fitzpatrick, one of the most prominent women CEO’s on Wall Street. The hedge fund billionaire was one among 45 hedge fund billionaires listed by the magazine. The other prominent names in the list include James Simons, Ray Dalio, Steve Cohen and David Tepper. James Simons is the brain behind Renaissance Technologies. Although he retired from the hedge fund in 2010, Renaissance Institutional Equities continue to post solid gains, growing by 21.5% in 2016.

Renaissance Institutional Equities currently manages wealth estimated at $36 billion, with Simon’s net worth standing at $18 billion. Steve Cohen, whose net worth was estimated at $13 billion, oversees Point 72 Asset Management. The fund was initially went by the name CAS Capital. Ray Dalio is best-known as the founder of the largest hedge fund in the world, Bridgewater Associates that manages assets worth $160 billion. The others hedge funds managed by Dalio include All Weather Fund and Pure Alpha hedge fund, which have all been performing modestly in recent year. Dalio’s net worth was estimated at $16.8 billion. David Tepper’s Appaloosa Management today manages $17 billion worth of assets. The former trader at Goldman Sachs, now based in Miami, Florida has a net worth of approximately $11 billion.

Outside his hedge fund and everyday trading engagements, George Soros is deeply involved in philanthropy. He saw it right to establish the Open Society Foundations in the early 80’s to assist countries, making a transition from communism. According to the Opensocietyfoundadations.org, Soros the organization’s mission is to build vibrant and tolerant societies with inclusive and accountable governments. OSF and its constituent organizations operate several offices and outposts around the world. These include the Open Society Foundation office in London, New York and Washington, DC and the Open Society Institute in Budapest, Hungary.

Over the last three decades, OFS has had expenditures estimated at over $13 billion. In 2014, the Foundations expenditure stood at about $820 million. A lot of this money has gone into priority issues and regions that the organization strongly cares about like democratic development in Eastern European countries and public health issues such as TB and HIV. The other areas priority includes defending human rights, fighting discrimination and advancement of Roma communities, education projects and promoting reforms in the US. The focus areas in US reforms include equal rights, criminal justice, palliative care, democratic governance and drugs.

Betsy DeVos and Her Constant Effort for the Improvement of Education System in the Country

The newly appointed Education Secretary Betsy DeVos has long been waiting to be appointed to this position so that she can carry on with the education reforms and make changes to the educational system of the country that has so far lagged behind. She is a supporter of school choices and voucher programs to help the youth of this country get the education that they deserve. According to her, the current school system was not enough for the big American Dream.

Even though Betsy DeVos married into a wealthy family, she too has strong ties to the conservative movement. Her father was one of the founding members of the Family Research Council. Her siblings are part of the Edgar & Elsa Prince Foundation that contributes to the groups such as the Alliance Defense Fund, Education Freedom Fund and also the Heritage Foundation. While most people know about the millions of dollars that Betsy has spent on bankrolling Republican candidates in different parts of the country, she and her husband, Dick DeVos have their foundation that they started in 1989 and which contributes to various charitable institutions across the country and outside. According to the reports, the DeVos Family Foundation has donated nearly $26.8 million to the different community and public efforts and more than $19.8 million to the arts and culture groups in the country in 2015 alone.

Read more: https://www.nytimes.com/2017/02/22/us/politics/devos-sessions-transgender-students-rights.html?_r=0

The couple has chosen many different areas for their charity, but her choice of charity shows some clues as to why she was chosen as the Education Secretary by the President Donald Trump. School choice is one of the primary interests of Betsy, and she contributes towards groups that support it. Also, she has given an enormous amount of money to the Education Freedom Fund that offers a scholarship to children from low-income families to study at private schools. She was also involved in many national conservation organizations like the Acton Institute and the American Dream PAC.

Betsy DeVos had an affiliation for politics from an early age. She went to the Calvin College for her graduation and earned a business degree along with BA in Political Science. She started her political career by working in the national politics working for the presidential campaign of Gerald Ford in the year 1976. Over the years, she has served on the boards of many businesses, political organizations and non-profit organizations. She was the National Committeewoman for MI between the year 1992-1997 and then as the Chairperson of the MI Republican Party from 1996 till 2000. She was again elected in 2003 when Granholm was the Governor. Check her website for more info at betsydevos.com

Dick DeVos and His Philanthropic Activities

Of the many individuals all over the world that have showed a talent as well as an interest within the world of business, one individual is a distinguished individual within this industry that has not only earned much respect from his clients and his peers, but also continues to inspire individuals to become a part of this passionate as well as lucrative industry. This individual is Dick DeVos, the son of Richard DeVos, a prominent businessman as well as the founder of Amway Corporation, a company that is not only growing sales, but a company that is also growing in reputation all over the world.

 

Ever since he was a young boy, Dick DeVos has looked to please his father and to make sure that he demonstrates his passion for business as well as his drive to continue to build the family name of DeVos and to preserve and grow the legacy for the future. Dick DeVos continues to show passion within the world of business even after 40 years of experience and continues to inspire young individuals to become a part of this world of possibilities and to add their own ideas of growth for the future.

 

Dick DeVos joined the family company as an official employee after he graduated from Boston College with a degree in economics, a degree that he was proud of and a degree that he put a lot of work into. Dick DeVos believes that the key to success is to truly learn something and to master the education. Dick DeVos believes that without an appreciation for knowledge, success will never take place. As a member of the Amway Corporation family, Dick DeVos was able to climb the ladder to the top and was able to not only be in charge of international sales, but also in charge of Amway Corporation as a whole.

 

Dick DeVos has followed the footsteps of his family in many different ways. In addition to the business aspect, Dick DeVos has also proved himself to be an avid philanthropist who has increased his annual donations to many deserving foundations.

 

The Different Companies Lefkofsky has Founded or Co-founded

If there is any man that has played a significant role in establishing and heading many corporate ventures, it has to be Erick Lefkofsky. Lefkofsky is the founder and Chief Executive Officer of Tempus, a technology-based company that built an operating system for fighting cancer.

 

Also, Lefkofsky founded Lightbank and is its current Managing Director. Lightbank is a venture fund investment company specializing in disruptive technologies. Lefkofsky also co-founded and chairs Groupon, an international e-commerce marketplace. He also co-founded Uptake Technologies, which is one of the best predictive analytics forum for some of the world’s mega industries.

 

Lefkofsky is also associated with Mediaocean, a top provider of integrated media procurement technology. Also, under his name is Echo Global Logistics, an outsourcing firm that deals in logistics and transportation. Lefkofsky is part of InnerWorkings, an international service provider or promotional and managed print solutions.

 

Education and Early Life

 

Lefkofsky is the son of Bill, a structural engineer, and Sandy, a school teacher. He grew up in Southfield, Michigan. He is the brother to Steven, an established attorney practicing in Michigan and a sister Jodi, a former high school teacher. He went o Southfield-Lathrup High School and later proceeded to the University of Michigan where he graduated with honors in 1991. From there, he went to the University Of Michigan Law School where he received his Juris Doctorate in 1993.

 

Lefkofsky’s Philanthropy and Community Acts

 

Eric Lefkofsky and his wife Liz established the Lefkofsky Family Foundation in 2006, a private charitable foundation. The organization seeks to advance high-impact projects that enhance livelihoods and communities. The firm specializes in children matters and has so far helped to fund over fifty organizations.

 

He is a Trustee at The Museum of Science and Industry and World Business, Art Institute of Chicago, and Lurie Children’s Hospital located in Chicago. He is the Chairman of the Board of Trustees at Steppenwolf Theater Company. Lefkofsky always strives to lead a positive impact wherever he goes, and such are the qualities that brand him one of the most successful entrepreneurs and philanthropist.

 

Teaching and Authorship

 

Lefkofsky has a successful career at InnerWorking, and that saw him venture into teaching at various business schools in Michigan. He has also been an Applied Technology lecturer at DePaul University, School of Business as well as Kellogg School of Management at Northwest University where he taught disruptive business models.

 

Currently, Lefkofsky serves as an Adjunct Professor at the University Of Chicago Booth School Of Business where he teaches courses on entrepreneurship and creation of technology-based businesses. Lefkofsky authored and published a book called the Accelerated Disruption.

 

Entrepreneurship and Business Ventures

 

Lefkofsky (https://www.facebook.com/eplefkofsky/) began his career by selling carpets at his former university. Soon after graduation, he teamed up with his friend, Brad Keywell, to buy a Madison-based apparel company.

 

His second venture was InnerWorkings, and the company has enjoyed considerable success since its launch in 2001; hence, featuring on the IPO in the United States stock market. Since then, Eric Lefkofsky has founded, co-founded or worked for several other successful companies as mentioned above.

Twitter: @lefkofsky