Rank #458
David Siegel
Net worth $8.0B
Hedge funds · United States
- Born
- Jul 15, 1961
- Age
- 64
- Source
- Hedge funds
- Residence
- Scarsdale, New York
- Citizenship
- United States
- Marital status
- Married
- Children
- 0
- Education
- Ph.D, Massachusetts Institute of Technology; Bachelor of Arts/Science, Princeton University
Net worth over time
Biography
- David Siegel is the cofounder of Two Sigma, a quantitative investing powerhouse that manages $60 billion.
- Two Sigma's largest business is a data-driven hedge fund that absorbs large amounts of information to predict the prices of securities.
- Siegel and John Overdeck stepped away from day-to-day management of Two Sigma in September 2024, transitioning from co-CEOs to co-chairmen of the firm.
- Born in the Bronx, Siegel is a computer fanatic who got a computer science Ph.D. from MIT and worked at hedge funds D.E. Shaw and Tudor Investments.
- Siegel's charitable foundation, Siegel Family Endowment, is focused on technology and society and supports programs such as Scratch, which introduces children to coding.
- Before he started Two Sigma with John Overdeck, Siegel founded his own Internet startup.