The Richest in Real Estate Top 100
The Basics
Location: New York City | Net Worth: $2.20 B
Location: New York City | Net Worth: $2.20 B
After graduating from Harvard law school, stints at corporate law firms and three years at DLJ’s real estate unit, Paul Singer founded Elliott Management hedge fund—which today has $27B under management—in 1977.
An activist investor, Paul often calls for corporate change and often works with distressed sovereign debt, including some successful bets against countries like Peru and Congo after they went through financial turmoil and incredible debt. Paul even managed to get three US courts to side with him in a decade-long, high-profile case against Argentina.
Paul has even earned the ire of Argentine President Cristina Fernandez de Kirchner, who called Paul a "vulture." He responded in kind, calling the country’s leaders "unpredictable” and not worth negotiating with. Despite being a major Republican backer, Paul is a supporter of gay rights and has a gay son. In fact, Paul and hedge fund billionaire Dan Loeb held an off-site breakfast during World Economic Forum meeting in Davos, where the two discussed the issues of the LGBT community.
