Leon G. Cooperman Net Worth

Publish date: 2024-05-04

Age, Biography and Wiki

Who is it?Founder, Omega Advisors, Inc.
Birth DayApril 25, 1943
Birth PlaceShort Hills, New Jersey, United States
Age80 YEARS OLD
Birth SignTaurus
ResidenceShort Hills, New Jersey, US
CitizenshipAmerican
Alma materHunter College Columbia University
OccupationInvestor, hedge fund manager, and philanthropist
Known forStarting Goldman Sachs's asset management arm Founding and leading Omega Advisors
Spouse(s)Toby Cooperman
ChildrenWayne and Michael
Websitehttps://www.omega-advisors.com

💰 Net worth: $2.5 Billion (2024)

Leon G. Cooperman, the renowned financial investor and philanthropist, has amassed an estimated net worth of $2.5 billion by 2024. Cooperman, recognized as the founder of Omega Advisors, Inc., an investment firm based in the United States, has made a significant impact on the financial world throughout his successful career. With his astute investment strategies and expertise in the market, he has managed to build a substantial fortune. In addition to his impressive financial achievements, Cooperman has also dedicated his wealth towards various charitable endeavors, making him a prominent figure both in the business community and society at large.

2009 $1.15 Billion 2010 $1.5 Billion 2011 $1.8 Billion 2012 $2.2 Billion 2013 $3 Billion 2014 $3.8 Billion 2015 $3.4 Billion 2016 $3.2 Billion 2017 $3 Billion 2018 $3.2 Billion

Biography/Timeline

1965

Cooperman was born to a Jewish family in the South Bronx, New York City. He is the son of immigrants from Poland. Cooperman was the first in his family to earn a college degree. As an undergraduate at Hunter College, Cooperman joined and was an active member of the Alpha Epsilon Pi. After graduating, he became a quality control Engineer at Xerox in 1965. Cooperman later received his MBA from Columbia Business School, graduating in 1967.

1970

With his wife Toby, he has two sons, Wayne and Michael, and three grandchildren. Since the late 1970s, Cooperman has been a resident of the Short Hills neighborhood of Millburn, New Jersey. He has an honorary doctorate in Finance from Roger Williams University in Rhode Island.

1989

Directly after graduating from Columbia, Cooperman joined Goldman Sachs. He spent his first twenty two years at Goldman in the Investment Research Department as partner-in-charge, co-chairman of the Investment Policy Committee and chairman of the Stock Selection Committee. In 1989, he became chairman and chief executive officer of Goldman Sachs Asset Management and was chief investment officer of the equity product line including managing the GS Capital Growth Fund, an open-end mutual fund, for one and one-half years.

1991

At the end of 1991 after twenty five years of Service, Cooperman retired from his positions as a general partner of Goldman, Sachs & Co. and as chairman and chief executive officer of Goldman Sachs Asset Management.

2011

Cooperman has a long history of supporting Columbia Business School. In 2011, he donated $25 million to support the expansion of the school's campus. In 2007, he created the Cooperman Scholarship Challenge, helping to create over 40 need based scholarships. In 2000, he established the Leon Cooperman Scholarship to support financial aid for need based students. In 1995, he endowed the Leon Cooperman Professorship of Finance and Economics.

2012

He and his wife Toby are signators of The Giving Pledge and manage the Leon and Toby Cooperman Family Foundation. In 2012, Cooperman was included in the 50 Most Influential list of Bloomberg Markets magazine. Forbes listed him as one of the 40 Highest-Earning hedge fund managers in 2013, and the next year it listed him among the top 25.

2013

Cooperman was the first in the country to endow Birthright Israel, a program that sends Jews aged 18–26 on free short-term visits to Israel to promote Jewish identity. Cooperman states: "We are very proud of our religion, our heritage, the many accomplishments of the Jewish people, and the enormous contribution they make to society. But we are very concerned about the pace of assimilation and really the disappearance of the Jewish religion. Through intermarriage and rapid assimilation, we’re disappearing. We’re trying to make our effort to help either slow that down or reverse it.”

2014

In April 2014, the Leon and Toby Cooperman Family Foundation pledged $25 million to the Saint Barnabas Medical Center for the construction of a new 200,000 square-foot Cooperman Family Pavilion.

2016

On September 21, 2016, Cooperman was charged with insider trading by the U.S. Securities and Exchange Commission. He denied the charges. Cooperman faces Criminal charges in a related parallel proceeding and has asserted his Fifth Amendment right against self-incrimination before a SEC hearing. In May 2017 Cooperman's firm agreed to a $4.9 million settlement with the SEC. As part of the agreement, Omega Advisers admitted no wrongdoing. Following the settlement, Cooperman commented: "The process in my opinion was totally abusive. It's a Problem that the government should address,"

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Living people 1943 births American billionaires American financiers American people of Polish-Jewish descent Businesspeople from New Jersey Businesspeople from New York City Columbia Business School alumni Giving Pledgers Goldman Sachs people Hunter College alumni Jewish American philanthropists People from the Bronx Xerox people American chief executives People from Millburn, New Jersey

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