Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality
— | — | — | — | — | — | — | —
$4.4 billion | $300 million (1993) | June 25, 1932 | Salisbury, North Carolina | Male | N/A | Hedge Fund Manager | American
Julian Robertson, the American hedge fund manager, had a net worth of $4.4 billion at the time of his death in August 2022. Known as the founder of Tiger Management Corp., an investment company, Robertson played a significant role in the world of finance. Born on June 25, 1932, in Salisbury, North Carolina, he attended the University of North Carolina before venturing into the finance industry.
During his career, Julian Robertson founded Tiger Management in 1980, one of Wall Street’s earliest hedge funds. The company initially started with $8 million worth of startup capital, but under Robertson’s leadership, it quickly grew to oversee more than $22 billion in assets by 1998. Tiger Management achieved remarkable success during this time, averaging 32% in annual returns.
However, the fund faced challenges due to poor stock picking and a failure to foresee the technology stock trend. As a result, Tiger suffered significant losses and fund withdrawal requests. Eventually, the fund closed in 2000. Despite this setback, Julian Robertson continued to leave his mark on the industry.
In 2000, Robertson closed his fund but remained influential in the hedge fund industry. He supported and invested in upcoming hedge fund managers, in return for a share in their companies. Many of these managers became successful, including Lee Ainslie, Ole Andreas Halvorsen, and Chris Shumway, who went on to run their own large hedge funds. This group of firms, funded by Robertson, became known as “Tiger Cubs.” It is believed that he seeded over forty funds.
Throughout his career, Julian Robertson earned significant sums of money. In 1993 alone, he earned an estimated $300 million in total compensation. A decade later, his personal net worth was estimated to be around $400 million. However, by the time of his death, his net worth had grown to a massive $4.4 billion.
In addition to his financial success, Julian Robertson also made headlines for his real estate ventures. One of his notable properties was his longtime Central Park South apartment in New York City. Following his death, the apartment was put on the market and eventually purchased by media mogul Rupert Murdoch in February 2023 for $30 million.
Beyond New York City, Robertson owned properties in various locations, including New Zealand, Sun Valley, Idaho, The Hamptons, and Nassau County, Long Island, NY. His New Zealand property features three 4,000 square foot mansions built in 2020.
Julian Robertson’s financial success did not come without challenges. He faced a legal battle over potential state tax liabilities and was famously fastidious about tracking his time spent at different properties to avoid New York tax liability. Despite these hurdles, his net worth continued to grow throughout his life.
In conclusion, Julian Robertson made a lasting impact on the finance industry as the founder of Tiger Management. With a net worth of $4.4 billion at the time of his death, he established himself as one of the most successful hedge fund managers in American history. While facing setbacks and challenges, Robertson’s financial acumen and investments in upcoming talent allowed him to leave a lasting legacy. His properties and real estate ventures further demonstrate his success and influence in the financial world.
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