In the midst of the "GameStop" crisis that hit the markets earlier this year, the main headline was the massive losses suffered by hedge funds after small investors decided to bet against market whales in an unprecedented phenomenon. The salaries received by the managers of these funds may explain the surge of anger among small investors who have long been easy targets for these funds and one of the reasons for the immense wealth they have accumulated over the years.
Statistics from Visual Capitalist indicate that the annual income of the managers of the largest ten hedge funds in the world hovers around the one billion dollar mark per year, which has led to the accumulation of enormous wealth for these families over many years of working in the markets. Hedge funds have a well-known fee structure, which typically amounts to about 2% annually of total assets under management and around 20% of net profits.
Here is the annual income for the managers of the largest ten hedge funds in the world:
1. **Jim Simons**: The famous mathematician and founder of Renaissance Technologies, who entered the financial field in 1982, has an estimated annual income of about $1.8 billion, with a total wealth of approximately $23.5 billion.
2. **Chris Hohn**: One of the most renowned hedge fund managers, who manages TCI Fund Management, has an estimated annual income of about $1.8 billion, with a total wealth of around $16.9 billion.
3. **Ken Griffin**: A prominent entrepreneur managing Citadel, with an estimated annual income of about $1.5 billion and total wealth of approximately $15 billion.
4. **Izzy Englander**: The American billionaire managing Millennium Management has an estimated annual income of about $1.5 billion and total wealth of about $7 billion.
5. **Chase Coleman**: The American investor who manages Tiger Global has an average annual income of about $1.4 billion, with a wealth of approximately $6.9 billion.
6. **Steve Cohen**: Known as the king of hedge funds, Cohen has an estimated annual income from managing Point72 of about $1.3 billion, with a total wealth of around $5 billion.
7. **David Tepper**: He manages Appaloosa Management, specializing in investing in distressed companies, with an annual income of about $1.3 billion and total wealth of around $13 billion.
8. **Ray Dalio**: The American investor of Italian descent who manages Bridgewater Associates has an annual salary of about $1.1 billion, with a total wealth of approximately $16.9 billion.
9. **Stephen Mandel**: The American investor managing Lone Pine Capital has an estimated annual income of about $835 million, with total wealth of around $2.8 billion.
10. **Nelson Peltz**: The young American investor managing Trian Partners also has an estimated annual income of about $835 million, with total wealth of approximately $1.7 billion.
