Forbes Magazine just came out with it’s list of the top billionaires in the world.
We narrowed the list down to look at the most successful people in finance, which includes investments, trading, hedge funds and money management.
Read on to see the 10 wealthiest people in finance.
10. Philip Anschutz
Net worth: $11.3 billion
Industry: Diversified investments
Source of wealth: Self-made
Reclusive billionaire Philip Anschutz has built a fortune across oil, railroads, real estate, sports and entertainment.
Anschutz also owns the NHL’s King team and part of the Lakers’ basketball franchise.
He’s trying to build the world’s biggest wind farm in Wyoming.
9. David Tepper
Net worth: $11.6 billion
Country: United States
Industry: Hedge funds
Source of wealth: Self-made; Appaloosa Management
Tepper founded his hedge fund, Appaloosa Management in 1993, and now manages $15 billion.
Tepper bought the NFL’s Carolina Panthers professional football team for $2.3 billion earlier this year.
In September, Tepper said that his firm had reduced its holdings of US stocks.
“If you ask me what inning we’re in, I think it’s a late-innings game,” Tepper, who manages about $14 billion in assets, told CNBC of the nine-year bull market in stocks.
Appaloosa in May disclosed it had sold its entire stake in Apple, which had previously made up more than 7% of its portfolio.
The fund is also pushing for change at pharma company Allergan.
8. Steve Cohen
Net worth: $13 billion
Industry: Hedge funds
Source of wealth: Self-made; Point72 Asset Management
Steve Cohen for years ran SAC Capital, one of the most successful hedge funds ever. Cohen was forced to shut down SAC after the firm pleaded guilty to insider trading charges. He launched Point72 Asset Management and started taking outside capital in 2018 after running it previously as a family office. He now manages $13 billion.
Earlier this year, a female employee, Lauren Bonner, filed a lawsuit alleging widespread gender discrimination at the fund, including stark wage discrepancies between men and women for the same work. Doug Haynes, the firm’s former president and a former McKinsey executive who was named in the suit, left soon after. Bonner’s lawsuit was dismissed in federal court last week, and will now be arbitrated.