James Harris Simons’s profile picture

James Harris Simons

Mathematicians & Hedge Fund Manager
James Harris Simons’s profile picture
Net worth 2018: $14 Billion
Industry: Scientists
Residence: Newton
Country: United States
Education: 1958 - Massachusetts Institute of Technology, 1962 - University of California, Berkeley, Newton North High School
BIOGRAPHY

James Harris Simons was born in Newton, American, is Mathematicians & Hedge Fund Manager. James Simons is an American mathematician and hedge fund manager who founded the famous Renaissance Technologies, one of the world's most successful hedge fund companies. Simons is a code breaker and an expert in pattern recognition. Using his expertise in the field, he employed mathematical models to analyze hedge funds in his company which provide more accurate predictions than other methods. He also amassed a large personal fortune through his investments and is considered a hero in the mathematical fraternity for having achieved such tremendous success in a field other than mathematics. Simons had always been interested in mathematics and dreamed of becoming a career mathematician. He completed his bachelor’s degree from the prestigious Massachusetts Institute of Technology (MIT) and earned his doctorate from the University of California at the age of 23. He proceeded to establish himself as a highly accomplished mathematician, primarily working in the fields of geometry and topology of manifolds. Over the course of his career he also worked with the National Security Agency to break codes and taught mathematics at MIT. He eventually went on to found Renaissance Technologies which made him a billionaire. He is also a generous philanthropist.

NET WORTH STATISTIC
2018

$14 Billion

TIMELINE
2009

In 2009 Simons retired as the company’s CEO and became chairman of its board

1982

Simons changed the name of the company from Monemetrics to Renaissance Technologies in 1982

1978

In 1978, he quit academia and founded a hedge fund management firm called Monemetrics

1970

James Simons had always been interested in finance and during the 1970s he seriously started thinking about establishing his own business in the field

1968

Ultimately he joined the faculty at Stony Brook University and was appointed chairman of the math department in 1968

1964

Between 1964 and 1968 he also taught mathematics at MIT and Harvard University

1961

He completed his doctorate in 1961, at the age of 23

1955

In 1955, Simons was accepted into the prestigious MIT where he studied mathematics and graduated with a bachelor’s degree in 1958

1938

James Harris Simons was born to Jewish parents Marcia and Matthew Simons in Newton, Massachusetts, in 1938

(4.5/116 votes)
Related Person