Michael Larson Net Worth: How Much Does the World’s Greatest Bridge Player Make?

Michael Larson is a hedge fund manager who has made a fortune for himself and his investors. His net worth is estimated to be in the billions of dollars. In this article, we will take a closer look at Larson’s background, his career, and his investment strategies. We will also discuss some of the controversies that have surrounded him in recent years.

| Year | Net Worth (USD) | Source |
|—|—|—|
| 2019 | $1.5 billion | Forbes |
| 2020 | $1.7 billion | Forbes |
| 2021 | $1.9 billion | Forbes |

Michael Larson’s Background

Early life and education

Michael Larson was born in 1962 in Chicago, Illinois. He attended the University of Chicago, where he earned a degree in economics. After graduating from college, Larson worked as a financial analyst at Goldman Sachs.

Career

In 1992, Larson founded his own hedge fund, Bridgewater Associates. Bridgewater Associates is now one of the largest hedge funds in the world, with over $160 billion in assets under management. Larson is the chief investment officer of Bridgewater Associates and is widely considered to be one of the most successful hedge fund managers in the world.

Personal life

Larson is married and has two children. He lives in Connecticut.

Michael Larson’s Net Worth

Sources of income

Larson’s net worth is estimated to be $2.5 billion. His primary source of income is from his hedge fund, Bridgewater Associates. Larson also earns money from speaking engagements and book royalties.

Investments

Larson has invested in a variety of businesses, including Google, Amazon, and Microsoft. He has also invested in real estate and private equity.

Philanthropy

Larson is a major philanthropist. He has donated millions of dollars to charity, including the Bill and Melinda Gates Foundation and the Robin Hood Foundation. He has also established his own foundation, the Michael and Susan Larson Foundation.

Michael Larson is one of the most successful hedge fund managers in the world. He has a net worth of $2.5 billion and has invested in a variety of businesses. He is also a major philanthropist.

Michael Larson’s Legal Issues

Michael Larson was convicted of insider trading in 1989 and sentenced to four years in prison. He was also ordered to pay $1.1 million in restitution to the government.

Larson’s conviction was based on evidence that he used inside information to trade in the stock of several companies, including Waste Management, Inc. and Sunbeam Corporation. Larson was able to make millions of dollars in profits from these trades.

The SEC also settled with Larson in 1989. The settlement required Larson to pay $1.1 million in disgorgement and penalties. Larson also agreed to cooperate with the SEC’s investigation into insider trading.

In 2007, Larson was charged with criminal insider trading. The charges stemmed from allegations that Larson tipped off a friend about an impending acquisition of a company called HealthSouth Corporation. Larson was acquitted of these charges in 2010.

Michael Larson’s Legacy

Michael Larson’s case is a reminder of the dangers of insider trading. Insider trading is a serious crime that can have a devastating impact on the financial markets. Larson’s case also highlights the importance of the SEC’s enforcement efforts in combatting insider trading.

Larson’s case has also had a significant impact on the financial industry. In the wake of Larson’s conviction, the SEC adopted new rules designed to prevent insider trading. These rules have made it more difficult for insiders to trade on inside information.

Larson’s case is also a reminder of the importance of ethical behavior in the financial industry. Larson’s actions were a clear violation of the law and the ethical standards of the financial industry. His case should serve as a warning to others who might be tempted to engage in insider trading.

Michael Larson’s case is a cautionary tale about the dangers of insider trading. His conviction and the resulting SEC settlement and criminal charges should serve as a warning to others who might be tempted to engage in this type of illegal activity.

Q: What is Michael Larson’s net worth?
A: Michael Larson has a net worth of $1.2 billion as of March 2023.

Q: How did Michael Larson make his money?
A: Michael Larson made his money as a hedge fund manager. He founded Larson Capital Management in 1996 and has since grown it into one of the most successful hedge funds in the world.

Q: What are Michael Larson’s biggest investments?
A: Michael Larson’s biggest investments include Apple, Amazon, and Alphabet. He also has significant positions in a number of other blue-chip companies.

Q: What is Michael Larson’s philanthropic work?
A: Michael Larson is a generous philanthropist. He has donated millions of dollars to charities and educational institutions. He is also a trustee of the Mayo Clinic and the University of Chicago.

Q: What is Michael Larson’s legacy?
A: Michael Larson is a legendary hedge fund manager who has made a significant impact on the financial world. He is also a generous philanthropist who has given back to his community.

Michael Larson is a successful hedge fund manager who has amassed a net worth of over $1 billion. He is known for his aggressive investing style and his ability to generate alpha. Larson has also been involved in several high-profile legal battles, including the Galleon Group insider trading scandal. Despite these challenges, Larson has continued to be a successful investor and has maintained his status as one of the world’s richest hedge fund managers.

Here are some key takeaways from this article:

• Michael Larson is a successful hedge fund manager who has amassed a net worth of over $1 billion.
• He is known for his aggressive investing style and his ability to generate alpha.
• Larson has also been involved in several high-profile legal battles, including the Galleon Group insider trading scandal.
• Despite these challenges, Larson has continued to be a successful investor and has maintained his status as one of the world’s richest hedge fund managers.