The new Forbes 400 List of Richest Americans features some of the biggest names in the hedge fund industry.
The list released on Monday saw 28 hedge fund managers earn a spot with the now-retired fund manager George Soros topping the group with a net worth of $20 billion. Soros, who transitioned Soros Fund Management into a family office last year to avoid reporting requirements under the Dodd-Frank Act, was also listed as the richest hedge fund manager last year.
The next highest hedge fund earner is Connecticut-based Bridgewater Associates’ Ray Dalio, knocking off John Paulson, who came in as the second richest hedge fund manager for the past two years. Dalio’s net worth is estimated at $12.9 billion.
Others from the hedge fund world that made the list include James Simon ($12 billion), John Paulson ($11.4 billion) and Steve Cohen ($9.4 billion).
The prerequisite for getting on the list this year was having a net worth of $1.3 billion, up from the $1.1 billion threshold of last year's list.