Noam Gottesman Net Worth : $2 Billion
Noam Gottesman is an Israeli-American entrepreneur and an ex-hedge fund manager. He is best known for his participation in founding GLG Partners, a London-based hedge fund company that was later sold to the Man Group for $1.6 billion. Today, Gottesman is considered to be one of the most financially successful hedge fund managers in the United States.
According to Forbes, this New York-based billionaire has an estimated net worth of $2 billion (as of April 2014). Gottesman was born in 1963 in Israel to a Jewish family. His father, Doy Gottesman, was the President of Israel Museum. Noah Gottesman graduated from Columbia University, where he obtained a BA.
He was first employed at Goldman Sachs London office, where he managed to rise to the position of Executive Director. In 1995, he left Goldman, and together with Jonathan Green and Pierre Ladgrange they founded GLG Partners. During the time at which Gottesman served as co-CEO, the firm grew to manage about $24.5 billion.
GLG Partners was first publicly traded on the NYSE on November 2007, becoming the 1st pure-play hedge fund firm to go public in the United States. The entity that was formed after GLG Partners was acquired by Man Group became the largest publicly traded asset management firm in the world.
Even after selling GLG Partners, Gottesman continued to serve as co-CEO of the company. He stepped down from the position on January 2012 and became a non-executive Chairman of the company’s business in the United States. The hedge fund billionaire currently runs a New York City-based investment company known as TOMS Capital.