How rich is David E. Shaw?
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A former faculty member in the computer science department at Columbia University, Shaw made his fortune working inefficiencies in financial markets together with assistance from state of the art high speed computer networks. In 1996, “Fortune” magazine referred to him as “King Quant” due to his company’s pioneering role in highspeed quantitative trading. In 2001, Shaw turned to full time scientific research in computational biochemistry, more particularly molecular dynamics simulations of proteins.
In 1988 he began his own hedge fund, “D. E. Shaw & Co.”, which used proprietary algorithms for securities trading. In 2007, Shaw was elected as a fellow of the American Academy of Arts and Sciences. In 2008, Forbes estimated his wealth at $2.5 billion. In 2009, he was named by President Obama again to the President’s Council of Advisers on Science and Technology. In the year 2012, he was elected to the National Academy of Engineering as well as in 2014 was elected to the National Academy of Sciences. Shaw is now Chief Scientist of D. E. Shaw Research, which conducts interdisciplinary research in the area of computational biochemistry. He’s additionally a Senior Research Fellow in the Center for Computational Biology and Bioinformatics at Columbia University and an Adjunct Professor of Biomedical Informatics at Columbia’s medical school.