Jim Simons Net Worth

Jim-Simons-Net-Worth-Biography-Success-Story
Edited by – Chirag Saini

Jim Simons net worth

Current Net Worth$24.4 Billion (USD – 2,440 Crores), (Rupees – 1.81 Lakh Crores)

Jim Simons short biography:

Net Worth$24.4 Billion
BornApril 25, 1938 (Age – 83)
Identified asFounder and manager of Renaissance Technologies, & Establisher of the Chern–Simons form
StatusHedge fund manager, Mathematician, Philanthropist, & Physicist
EducationMassachusetts Institute of Technology (Bachelor of Arts/Science), & The University of California, Berkeley (Ph.D.)
NationalityUnited States of America
ResidenceEast Setauket, New York
Spousal StatusMarried (Barbara Bluestein)
Children5 (3 sons & 2 daughters)
Jim Simons short biography

James Simons has a net worth of $24.4 Billion (Rupees – 1,81,865 Crores), which is making him one of the richest people in America.

He is the CEO & founder of Renaissance Technologies, a hedge fund firm based in East Setauket, New York, founded in 1982.

It’s an esteemed quantitative trading hedge fund firm that manages over $80 billion of assets under its glimpse.

His possessed Medallion fund has performed fair annual returns of about 40% since 1988 and has also delivered him more than $10 billion in cash diffusion from 2006.

Simons is narrated as the “greatest investor on Wall Street”, as displayed he is anticipated with the long-term amount investment returns of Renaissance and its Medallion Fund.

According to his ability, he has been promoted as a trustee for Brookhaven National Laboratory, the Institute for Advanced Study at Rockefeller University.

Oh! forgot to praise that he is also passionate about philanthropy thus he has donated over $2.7 billion to philanthropic causes for helping the impoverished civilization.

He utilizes numerical models and calculations to get venture profits by market failures, and his assets are known as quantitative speculators.

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Jim Simons biography

Jim Simons Net Worth
Jim Simons Net Worth (Cal Alumni Association)
Full NameJames Simons
Height5.10 feet, 182 cm
Weight78 Kg
Jim Simons biography

James Harris Simons was born on April 25, 1938, in Newton, Massachusetts. He is an American mathematician & managing a billionaire hedge fund.

He was born in an American Jewish family in Brookline, Massachusetts, his mother’s name is Marcia and his father is Matthew Simons.

His dad was the proprietor of a shoe plant, and his mom was an inaccessible relative of Georg Cantor.

Simons avoids the spotlight and infrequently gives interviews that are the media have minor information about his daily existence ritual.

Once he was referring to Benjamin the Donkey in Animal Farm for clarification: “God gave me a tail to keep off the flies, However, I’d preferably have had no tail and no flies”.

Education

At the age of 23, he was graduated and received a bachelor’s degree from the Massachusetts Institute of Technology in 1958 and Ph.D. in mathematics from the University of California, Berkeley in 1961, under the oversight of Bertram Kostant.

Career

Jim Simons career
George Soros, Jim Simons, John Paulson, Philip Falcone, and Ken Griffin (Image Source – TIM SLOAN/AFP), (Getty Images)

During his teenage, Simons used to work in the basement of a garden supply store. According to his null performance, the owner felt incapable of James’ work, so he demoted him a floor sweeper.

Simons was a code breaker for the National Security Agency and is an expert in structure tribute, which made him an evangelist of financial indication processing.

He enhanced the improvement of the string hypothesis by giving a hypothetical system to join calculation and geography with the quantum field assumption.

Renaissance is a private hedge fund investment company that manages over $80 billion. This is also considered as one of the “most secret and successful” hedge funds firms in the world.

In 1994, he established the Simons Foundation with his better half to help explores arithmetic and key sciences.

Jim founded Math for America in 2004 and his foundation is the primary funder of Math for America. He also supports autism analysis.

He stepped down as CEO of the company in late 2009. But no doubt that he remained as the Renaissance’s non-executive chairman.

He got retired in 2010 by his status as the manager of Renaissance Technologies (Rentec).

He is perhaps the greatest benefactor to the University of California, Berkeley, setting up the Simons Institute for the Theory of Computing in 2012.

In 2014, Simons allegedly procured US$1.2 billion including a portion of his company’s administration and execution expenses, money pay, stock, and choice honors.

Private & early life

In 1996, his child Paul, aged 34, was riding a bike when he was executed by a vehicle on Long Island”.

In 2003, his child Nicholas matured 24, suffocated out traveling to Bali, Indonesia. His child Nat Simons is a speculator and altruist

Amazing Richness

Simons possesses an engine yacht, conveyed to him in 2008, named Archimedes, it was built at the Dutch yacht developer Royal Van Lent.

Jim Simons net worth statistics

  • April 2016 – $15.5 B
  • October 2016 – $16.5 B
  • April 2017 – $18.0 B
  • October 2017 – $18.5 B
  • April 2018 – $20.0 B
  • October 2018 – $20.0 B
  • April 2019 – $21.5 B
  • October 2019 – $21.6 B
  • April 2020 – $21.6 B
  • September 2020 – $23.5 B
  • April 2021 – $24.6 B

Jim Simons Quotes

“We have three criteria: If it’s publicly traded, liquid and amenable to modeling, we trade it.”

– Jim Simons

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