5 Youngest Hedge Fund Billionaires and Their Top Stock Picks

3. Jeffrey Talpins

Age: 48

Net Worth as of December 5: $3 billion

Top Stock Pick: UnitedHealth Group Incorporated (NYSE:UNH)

Jeffrey Talpins is the founder, CEO, and CIO of Element Capital Management. Originally Element Capital Group in 2005, Talpins spun off the fund into a separate firm a few years later and increased Element Capital’s assets under management from $250 million at the inception to approximately $16 billion.

Before launching his heavyweight modern macro-style fund, Talpins’ career started at Goldman Sachs, and he later became the head trader of Citigroup Inc. (NYSE:C). In the third quarter, UnitedHealth Group Incorporated (NYSE:UNH) was the biggest bet of Element Capital with 76,148 shares worth $38.393 million.