Rank #3377
Louis Bacon
Net worth $1.0B
Hedge funds · United States
- Born
- Jul 25, 1956
- Age
- 69
- Source
- Hedge funds
- Residence
- Oyster Bay, New York
- Citizenship
- United States
- Marital status
- Divorced
- Children
- 7
- Education
- Master of Business Administration, Columbia Business School; Bachelor of Arts/Science, Middlebury College
Net worth over time
Biography
- One of Wall Street's macro-trading legends, Louis Bacon cut his teeth as a commodities and currencies trader, earning big profits in the 1987 crash.
- He created hedge fund Moore Capital in 1989 using trading profits and a small inheritance.
- Bacon announced he was closing his hedge fund and returning outside investors' money in November 2019, citing years of "disappointing results."
- Moore Capital still manages internal money and scored 70% returns in 2020 for Bacon and his employees.
- Bacon's environmental preservation-focused Moore Charitable Trust was defrauded out of $25 million by jailed banker Andy Caspersen.