David Einhorn Net Worth
David Einhorn made money by Billionaires, Business niche. For all time, at the moment, 2016 year, David Einhorn earned $1.81 Billion. Exact sum is $1860000000.
Short biography, height, weight, dates:
Birth date: November 20, 1968 age 46
Birth place: United States of America
Education: Cornell University
Nationality: United States of America
Spouse: Cheryl Strauss Einhorn (m. 1993)
Books: Fooling Some of the People All of the Time
Wikipedia Source: David Einhorn
David Einhorn, an American hedge fund manager, is the founder and president of Greenlight Capital, a long-short value-oriented hedge fund. He started Greenlight Capital in 1996 with $900,000. Greenlight has generated about a 20% annualized return for investors. Einhorn is also the Chairman of Greenlight Capital Re, Ltd, a Cayman Islands-based reinsurance company and is a major shareholder. Einhorn has received extensive coverage in the financial press for short selling Allied Capital, Lehman Brothers and Green Mountain Coffee Roasters stock. He is also a critic of current investment-banking practices, saying they are biased to maximize employee compensation. He cites a statistic that investment banks pay out 50 percent of revenues as compensation, and higher leverage means more revenues, making this model inherently risky. Einhorn was a director at New Century Financial Corp., a major subprime mortgage lender, between March 2006 and March 2007. Greenlight Capital held 6.3% of the companys stock at the time he resigned from the board. A class action lawsuit was brought against 13 former directors and senior management of New Century.