5 Superrich People in Connecticut
Connecticut is a great state full of great cities and amazing people. Some of them are poor and only a very selected audience of them is super-rich. Here is a selection of some of the world's richest people that live in Connecticut. Let me introduce them to you:
Point72 Asset Management, a $16 billion hedge fund that began investing outside money in 2018, is led by Steve Cohen.Cohen was the founder and CEO of SAC Capital, one of the most profitable hedge funds in history.SAC Capital was forced to close after Cohen pled guilty to insider trading charges, which cost him $1.8 billion in fines.After a two-year supervisory bar from the Securities and Exchange Commission expired in 2018, Point72 reopened to outside capital.Over the course of his life, Cohen has donated $715 million to philanthropic organizations, including veterans' and children's welfare.
Alexandre Behring is a cofounder and managing partner of 3G Capital, a multibillion-dollar investment fund based in the United States and founded in Brazil.Behring is the chairman of Kraft Heinz and the co-chairman of Restaurant Brands International, which owns Burger King and Tim Hortons in Canada.Behring is a well-known name in the private equity industry, and he is new to the Forbes Billionaires list in 2020.Fellow billionaires Jorge Paulo Lemann, Marcel Telles, and Carlos Alberto Sicupira are among his 3G Capital partners.Kraft Heinz and Restaurant Brands International are all owned by 3G Capital.
Viking Global Investors is owned by Andreas Halvorsen.He was a former Tiger Cub who sold stocks at Julian Robertson's Tiger Management before launching Viking in 1999.The corporation, which is headquartered in Connecticut, currently holds more than $25 billion in cash.Halvorsen broke ways with CIO Daniel Sundheim and returned $8 billion to clients after the flagship Viking Global hedge fund lost 4% net of fees in 2016.Viking's largest hedge fund returned around 12% net of commissions in 2017, owing to its long positions.
Karen Pritzker is one of the eleven billionaires of the Pritzker family. A.N. Pritzker, her grandfather, founded the Marmon industrial conglomerate and the Hyatt hotels.She has invested in both public and private biotech and medical technology businesses, including Apple.Pritzker and her late husband, Michael Vlock, made charitable contributions to Yale, Teach for America, and the Michael J. Fox Foundation for Parkinson's Research.Her Seedlings Fund, which funds children's physical and mental wellbeing, is one of Connecticut's most generous foundations.
Stephen Mandel, Jr.
Stephen Mandel, one of Julian Robertson's "Tiger Cubs," founded his hedge fund company, Lone Pine Capital, in 1997.Mandel stepped down as managing director of Lone Pine Capital in January 2019, but he continues to manage investments.Mandel earned a reputation as one of the best quantitative analysts and bottom-up stock pickers in the hedge fund industry.Mandel's Zoom Foundation has earned hundreds of millions of dollars. The Lone Pine Foundation is a subsidiary of the hedge fund.He is a major supporter of charter schools and serves on the Teach for America national board of directors.
What do you think of all these super-rich people?