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Ozmba
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Top Hedge Fund Managers Earn Over $240 Million 24 Apr 2007, 16:40
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https://www.nytimes.com/2007/04/24/busin ... ei=5087%0A

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James Simons, a 69-year-old publicity shy former math professor, uses complex computer-driven mathematical models to make bets on stocks, bonds and commodities, among other things.
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His earnings last year were $1.7 billion.

Thats f.....n crazy...earnings of 1.7 Billion $

so now who are interested in Hedge Funds :lol:
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rhyme
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Top Hedge Fund Managers Earn Over $240 Million 24 Apr 2007, 16:49
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1.7 billion? Is that all?
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Ozmba
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Top Hedge Fund Managers Earn Over $240 Million 24 Apr 2007, 16:50
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Compare that to

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His earnings last year were $1.7 billion.

As one of the leading hedge fund managers, Mr. Simons makes a sum that dwarfs that of the top chiefs on Wall Street. The highest paid on the Street, Lloyd C. Blankfein of Goldman Sachs, earned $54.3 million in salary, cash, restricted stock and stock options last year. (Unlike the total for Mr. Simons, Mr. BlankfeinтАЩs reported compensation does not include gains on investments.)
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Top Hedge Fund Managers Earn Over $240 Million 24 Apr 2007, 17:02
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Yeah, my co-worker and I were laughing about this earlier...assuming a 60 hour work week (which could be way off, I dunno), the guy pulls in money as follows:

$141,666,667 per month
$32,692,308 per week
$6,538,462 per work day
$544,872 per hour

and what's minimum wage? $7.75/hr?
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Top Hedge Fund Managers Earn Over $240 Million 24 Apr 2007, 17:03
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50 million vs 1.7B... the numbers are so big its meaningless at that point. It almost doesnt even matter.
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rhyme
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Top Hedge Fund Managers Earn Over $240 Million 24 Apr 2007, 17:04
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mattyb
Yeah, my co-worker and I were laughing about this earlier...assuming a 60 hour work week (which could be way off, I dunno), the guy pulls in money as follows:

$141,666,667 per month
$32,692,308 per week
$6,538,462 per work day
$544,872 per hour

and what's minimum wage? $7.75/hr?
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Could you imagine trying to spend that as fast as you made it? I think it would actually be near impossible to do.
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pelihu
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Top Hedge Fund Managers Earn Over $240 Million 24 Apr 2007, 17:18
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You could just buy one really big thing, like the Venetian in Las Vegas which cost $1.5 Billion or something like that. Then you could just board it up and use it as your vacation home.
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lepium
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Top Hedge Fund Managers Earn Over $240 Million 24 Apr 2007, 18:01
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rhyme
50 million vs 1.7B... the numbers are so big its meaningless at that point. It almost doesnt even matter.
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I agree. There's a point after which you are in it for sth else. You are either a power junkie, a deal junkie, a success junkie, a whatever junkie but you are not in it for the money.

L.
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died4me
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Top Hedge Fund Managers Earn Over $240 Million 24 Apr 2007, 19:44
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rhyme
50 million vs 1.7B... the numbers are so big its meaningless at that point. It almost doesnt even matter.
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you can easily spend 50M in a day; buy several Enzos for your buddies and a few condos in Marco Islands for your kids.

Man, he is broke already!!
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Top Hedge Fund Managers Earn Over $240 Million 25 Apr 2007, 02:41
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No wonder CEO is no longer the most popular job.
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Top Hedge Fund Managers Earn Over $240 Million 25 Apr 2007, 12:12
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YOWZA