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Masters of the universe: meet the world's best-paid men
by alaaron | February 3, 2011 at 02:12 am
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And who are these men? They are called hedge fund managers - in other words, they are investors who buy and sell all manner of financial instruments with the express aim of making money for their clients, and for themselves.
"They're a very private bunch," Mr Purcell explains, "largely because they earn so much. They are highly secretive in every aspect of what they do."
t the very top of the pile, we're talking $4bn. Just in case that hasn't quite registered yet - that's four billion dollars.
This does, of course, include bonuses and fees as well as salary. In fact, the salary is a tiny fraction of their overall pay.
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at 06:20 on February 3rd, 2011
Meet The 28 Richest Billionaire Hedge Fund Managers
The 25 top-earning hedge fund managers made a record $25.3 billion. Some past top hedge fund managers include;
John Paulson, manager of hedge fund Paulson & Co., earned $5 billion in 2010, the biggest annual earning in history !
David Tepper of Appaloosa Management, made $4 billion last year on investments in the financial sector.
George Soros, a Hungarian-born investor who made his name in the currency market, had the second largest annual income at $3.3 billion.
James Simons of Renaissance Technologies, came in third with a $2.5 billion payday.
TOP HEDGE FUNDS Bridgewater Associates JPMorgan Paulson & Co Soros Fund Management Och-Ziff Capital Management Group