Rank #403
David Shaw
Net worth $8.8B
Hedge funds · United States
- Born
- Mar 29, 1951
- Age
- 75
- Source
- Hedge funds
- Residence
- New York, New York
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
- Doctorate, Stanford University; Bachelor of Arts/Science, University of California, San Diego
Net worth over time
Biography
- A former computer science professor at Columbia University, David Shaw is the founder of D.E. Shaw, which manages over $70 billion in assets.
- Shaw founded the quantitative hedge fund, known for its use of sophisticated mathematical modeling and algorithms, in 1988.
- In 2002, Shaw created an executive committee to oversee the company, and has since stepped away from its day-to-day operations.
- Several former execs have started their own successful businesses, including Amazon founder Jeff Bezos and Two Sigma hedge fund's John Overdeck.
- Shaw is now chief scientist at D.E. Shaw Research, a computational biochemistry research firm.