Earn over $1 billion in a year

Discussion in 'Wall St. News' started by Tums, Apr 25, 2007.

  1. Tums


    Billionaire's club
    Three fund chiefs earned more than $1 billion each last year.


    Simons, Griffin, Lampert earn over $1 bln in 2006
    Top 25 hedge fund managers took home $570 mln on average last year

    SAN FRANCISCO (MarketWatch) - The top hedge fund managers earned an average $570 million in 2006 and the three most successful - James Simons, Kenneth Griffin and Edward Lampert - took home more than $1 billion last year, according to a survey released on Tuesday.

    Last year was the most lucrative for leading hedge fund managers since industry publication Alpha Magazine began the survey six years ago. The top 25 earned more than $14 billion in total last year, equivalent to the gross domestic product of Jordan or Uruguay, Alpha noted.

    The $570 million average was up sharply from 2005, when top managers made $362 million on average. In 2004, the average was $251 million, Alpha said.
  2. If I made that much I could always get that monkey I've always wanted.

    And I wouldn't have to drive to the store. I'd take a limousine 'cause it costs more.
  3. Sponger


    And I wouldn't have to eat Kraft dinner.......but I still would
  4. :D

    They have shrink wrapped bacon, but not shrink wrapped sausage.
  5. Where are Zanger and Hershey on that list
  6. Sponger


    I'd build a tree fort in my yard.....and put a little fridge in there
  7. Stock up with all the fanciest ketchups....like Dijon ketchups....mmmm
  8. Was Waxie number 4?
  9. MattF


    I'd probably buy a small island....or 2....
  10. Sponger


    BNL.......gotta love 'em!!!!!
    #10     Apr 25, 2007