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#51 Billionaire

Jim Simons

$31.4B
US · Age 87 · Deceased
Source of wealth: Hedge funds
Industry: finance-investments
Organization: Renaissance Technologies Corp., Founder
{ "bio": [ "Jim Simons is the founder of Renaissance Technologies, an esteemed quantitative trading hedge fund firm that manages about $50 billion.", "He founded Renaissance Technologies in 1982 and retired in 2010, but he still plays a role at Renaissance and benefits from its funds.", "Renaissance Technologies is famous for its Medallion Fund, a $10 billion black-box strategy that is only open to Renaissance's owners and employees.", "Simons has given $6 billion to philanthropic causes. His foundation is the primary funder of Math For America. He also supports autism research.", "In September 2021, Renaissance executives agreed to pay $7 billion to the IRS to settle a tax dispute over trades made by the Medallion Fund." ], "about": [ "Simons used to chair the math department at Stony Brook University and was a codebreaker for the U.S. during the Vietnam War." ] }

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