Michael Steinhardt Net Worth is$1.2 Billion
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Profession: Businessperson, Investor

Date of Birth: Dec 7, 1940

Ethnicity: Jewish people

Country: United States of America

Michael Steinhardt is an investor with a net worth of $1.2 billion. Michael Steinhardt earned his net worth through all the business investments and as chairman of Wisdom Tree and IDT Corporation. He was born in Brooklyn, New York and is also a big contributor to charitable organizations.
Michael H. Steinhardt (born December 7, 1940) is an American investor and philanthropist active in Jewish causes. He was one of the first prominent hedge fund managers, and is a graduate of the Wharton School of the University of Pennsylvania. He founded Steinhardt, Fine, Berkowitz & Co., a hedge fund, in 1967. He is "a legend in the story of hedge funds, partly because of his success as a trader but also because of his personality."
Steinhardt averaged an annualized return for his clients of 24.5%, after a 1% management fee and a "performance fee" of 15% (early in his career, later 20%) of all annual gains, realized and unrealized, nearly triple the annualized performance of the S&P 500 Index over the same timeframe.
Prior to Steinhardt's and his partners' starting their eponymous hedge fund during the summer of 1967, Steinhardt was an analyst at Loeb, Rhoades & Co., later part of Citigroup, following a convoluted chain of mergers and spinoffs. At Loeb Rhodes, Steinhardt followed the conglomerate industry, which included companies such as Automatic Sprinkler (now defunct), City Investing (also defunct), and the best-known conglomerate of its day, Gulf & Western (now part of Viacom and Viacom's spinoff CBS). Again, according to his autobiography, he met his future wife in a car pool he organized in early 1967. During the course of the drive to downtown NYC, he mentioned the name of a company, Colorado Milling, a leading operator of grain elevators. Colorado Milling was acquired in 1968 by Great Western Sugar, a beet sugar refiner turned conglomerate, which had previously acquired Shakey's, a major pizza chain. The merged company was renamed Great Western United. The future Mrs. Steinhardt, who didn't know Michael Steinhardt at the time, mentioned Colorado Milling to her father, who invested in the company, making a substantial profit, part of which was used to buy his daughter-the future Mrs. Michael Steinhardt-her first fur coat.
After decades of successfu

Michael Steinhardt Latest News

Making The Case For Inmarriage

As Michael Steinhardt put it in an essay, “Save Jews, Not Harvard”: “Harvard University is endowed with $22.1 billion. … I say that the Jewish people and civilization — which has given the world the faiths of three billion people, immeasurable ...
Posted: August 15, 2017, 2:21 pm

Hex of the idol: art collector, Christie's fight heritage claim

When the signature item at Christie's New York antiquities auction was sold in April, the art collector Michael Steinhardt thought he had pocketed $12.7 million. His 5,000 year-old stone idol, called the Guennol Stargazer, went for more than twice its pre ...
Posted: August 18, 2017, 9:27 am

Birthright Program Matches Israeli, Foreign 20-Somethings for Business Fellowship

Birthright Israel International CEO Gidi Mark said the project was designed seven years ago by Birthright supporters Michael Steinhardt and Lynn Schusterman with a goal of building and strengthening economic connections between Israel and North American Jewry.
Posted: August 10, 2017, 9:05 am

The billionaire who founded Birthright has a private zoo

MOUNT KISCO, N.Y. (JTA) – When Michael Steinhardt strolls around his 55-acre backyard for 90 minutes every morning, one of his favorite animals to see is the scimitar-horned oryx, whose antlers sweep back from its head like the swords for which they are ...
Posted: July 11, 2017, 7:52 am

WisdomTree is watching the stock market boom pass it by

Chairman Michael Steinhardt was one of the first to make a fortune in hedge funds, and adviser Jeremy Siegel authored Stocks for the Long Run just before the market took off in the mid-1990s. All that Wall Street celebrity was put in the service of selling ...
Posted: August 9, 2017, 2:00 pm
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