5 Richest Hedge Fund Managers in the World

2. Jim Simons

Net Worth: $28.1 billion

Jim Simons is a giant in the investment realm. Much like D. E. Shaw, he is renowned for his mathematical prowess, leveraging his numerical acumen to amass billions in the stock market. Simons established Renaissance Technologies, headquartered on Long Island, in 1982. His prestigious quantitative trading firm, overseeing approximately $50 billion in assets, gained fame for its Medallion Fund—a $10 billion black-box strategy exclusively accessible to Renaissance proprietors and employees. Despite his official retirement in 2010, Simons remains engaged with the firm and continues to reap rewards from its funds. Renaissance Technologies’ top holding as of Q3 2023 Novo Nordisk A/S (NYSE:NVO), with the fund owning more than 16.2 million shares worth $1.47 billion, representing 2.51% of the total 13F portfolio.