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Paul Singer Net Worth

How rich is Paul Singer?

Paul Singer net worth:
$2.2 Billion

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Paul Singer net worth, biography and wiki:

Paul Elliott Singer (born August 22, 1944) is the American creator and CEO of hedge fund Elliott Management Corporation as well as The Paul E. Singer Foundation. Elliott Management Corporation manages Elliott Associates and Elliott International Limited, which collectively have more than $21 billion in assets under management. In accordance with The Guardian, “Elliott’s principal investment strategy is purchasing distressed debt cheaply and selling it at a gain or suing for total payment.” A 2012 CNN profile of Vocalist noted that losses endured early in his career caused a “risk aversion that still direct his investing now. As an example, he seldom uses leverage to juice yields.” Because of his warning, “Elliott has had just two down years” since 1977, increasing “4.2% in 2011, a year in which most hedge funds lost money.” Based on CNN, Vocalist concentrated from early times “on distressed assets,” buying up bankrupt companies’ debt and achieving “a reputation for strong arming his approach to gain.” Elliott continues to be involved “in all the large post-crash restructurings, including Chrysler and auto parts supplier Delphi.” Over Elliott’s history, it’s averaged 14 percent yearly yields, compared with 10.8% for the S&P 500 stock index as a whole. In March 2013, Argentina offered a fresh strategy which was judged unlikely to be satisfactory to the Ny court.

Paul Singer Net Worth $1.1 Billion Dollars

Birth date: August 22, 1944
Death date: April 24, 2016, Blackwood, Gloucester Township, New Jersey, United States
Birth place: New York, United States
Profession:Financier Lawyer Philanthropist Political activist Investor
Education:University of Rochester, Harvard Law School
Children:Andrew Singer

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