Jim Chanos Net Worth

Jim Chanos Net Worth $1.5 Billion

Jim Chanos is a renowned hedge fund manager and a legendary short seller, whose fame and fortune derives from his involvement in the stock market. He is the founder of Kynikos Associates, which is a New York City-based investment company that focuses on short selling. He also serves as the Chairman of the investment company and his net worth is estimated to be $1.5 billion. He was born in 1957 in Milwaukee to a Greek family. He is listed as one of the wealthiest people (self-made billionaires) in the United states and in the world. 

jim chanos

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Chanos started his profession in finance and investments shortly after he graduated from Yale. His success with short selling earned him recognition within the financial community. He worked for various firms before founding his own company in 1985. Chanos was among the first financial analysts who recognized the money issues that surrounded Enron, which earned his company international recognition.

Chanos depicts his investment strategy as one that is based on intensive research into stocks. He further describes it as a strategy that looks for essential and large market crashes in valuations, naturally based on undervalued or formerly unreported failings in the market of a stock. He pursues this research by committing to a (normally large), short-position, which he is willing to hold for a long duration of time. as a result of this model, Chanos’s investments serve more like those of a whistle-blower, rather than most typical investments.

In his resume, Chanos is an Analyst with Blyth Eastman Webber, Analyst with Gilford Securities, Vice President and Analyst at Deutsche Bank Capital Corp, and Founder and President of Kynikos Associates Ltd. Chanos was married to Amy Chanos, with whom he has four children. They however got divorced in November 2006. Chanos and his children reside in New York City. 

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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)