Chase Coleman Net Worth

Chase Coleman Net Worth

What is Chase Coleman’s Net Worth?

Chase Coleman is an American hedge fund manager who has a net worth of $5.4 billion. Even though Chase was born into “old money,” he has managed to make quite a substantial amount of “new money” as well. Chase is the son of a New York lawyer and an interior designer. His grandfather, and namesake, Charles Payson Coleman I, was a managing partner of New York law firm Davis Polk & Wardwell.

Highlights

– Chase Coleman’s net worth is $5.4 billion.
– He is an American hedge fund manager.
– Coleman is the son of a New York lawyer and an interior designer.
– His grandfather, Charles Payson Coleman I, was a managing partner of Davis Polk & Wardwell.

Early Life

Chase Coleman III was born on June 1, 1975, in Glen Head, Long Island. His father was a lawyer, and his mother operated an interior design company. Chase is a descendant of Peter Stuyvesant, the last Dutch governor of New York. He attended Deerfield Academy for high school and graduated from Williams College in 1997.

Career

After graduating, Chase went to work at Tiger Management, one of the earliest hedge funds founded by Julian Robertson, the father of one of his childhood friends. Tiger Management managed over $20 billion in the late 1990s but closed down entirely in 2000 due to bad bets. Julian Robertson gave Chase $25 million in seed capital to launch his own fund, Tiger Global Management. Today, Tiger Global Management oversees more than $42 billion in assets and has been an early investor in successful companies like Facebook, LinkedIn, and Spotify.

Personal Life

Chase Coleman has been married to his wife Stephanie since 2005, and they have four children. Coleman is also co-chair of the investment committee for the Hospital for Special Surgery in New York.

Net Worth Over Time

Chase Coleman’s net worth has grown significantly throughout his career. Starting with a $25 million seed capital from Julian Robertson, he built Tiger Global Management into a successful hedge fund overseeing more than $42 billion in assets. However, in 2022, Tiger Global suffered losses due to drops in tech stocks like Carvana, affecting the fund’s performance.

Components of Net Worth

Chase Coleman’s net worth primarily comes from his role as a hedge fund manager and successful investments made through his fund, Tiger Global Management. The fund’s performance and the value of its assets contribute to his net worth. As a high-net-worth individual, Coleman may also have other investments and assets that add to his overall wealth.

In conclusion, Chase Coleman’s net worth of $5.4 billion is a result of his successful career as a hedge fund manager and the growth of his fund, Tiger Global Management. Starting with a $25 million seed capital, he has built a significant fortune through wise investments. Despite recent challenges, Coleman’s net worth reflects his financial success in the industry.

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