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https://www.forbes.com/sites/hanktucker/2023/04/04/the-richest-hedge-fund-managers-2023/?sh=6a5597715713

The Richest Hedge Fund Managers 2023      [excerpts]
Hank Tucker – Forbes Staff    April 4, 2023

Ken Griffin is riding high, after posting the most profitable year of any hedge fund in history. He’s worth an estimated $35 billion. Citadel’s flagship Wellington fund gained 38% in 2022, while the S&P 500 fell nearly 20%. Griffin is the planet’s wealthiest hedge fund billionaire.

No. 2 Jim Simons, who founded quantitative trading firm Renaissance Technologies and is worth an estimated $28.1 billion.

No. 3 on the ranking is Ray Dalio, the retired founder of Bridgewater Associates, the world’s biggest hedge fund. Dalio has an estimated net worth of $19.1 billion. In total, Forbes counts 47 hedge fund billionaires who have a combined net worth of $312 billion, up slightly from the same number in 2022 who were worth $310 billion.

David Tepper comes in fourth with about $18.5 billion

Steve Cohen about $17.5 billion and

Carl Icahn about $17.5 billion

Michael Platt ($16 billion) is the richest hedge fund investor from overseas.

As a group, the 20 richest hedge fund billionaires on Forbes’ 2023 World’s Billionaires list are worth about $245 billion.

According to Forbes: “Jim Simons is arguably the world’s best investor. Certainly, Renaissance Technologies’ – the firm he founded – track record is enviable: 66% gross annual returns (before fees) since 1988 (and trading gains in excess of $100 billion). Given the particularly low beta (volatility relative to market) the figure is even that much more impressive. This was achieved by pioneering a new approach of quantitative trading across a variety of asset classes.” (source)

James Simons, Ph.D., proved with data science,
extraordinary results are possible.

Sources:
Medallion Fund data: “Why the Medallion Fund is the Greatest Money-Making Machine of All Time” https://ofdollarsanddata.com/medallion-fund/
Other data: Ycharts –  https://ycharts.com

YCharts and Of Dollars and Data are not responsible for the calculations in the above chart.