James Simons’s profile picture

James Simons

Founder, Renaissance Technologies Corp.
James Simons’s profile picture
Net worth 2018: $19.99 Billion
Industry: Investments
Residence: East Setauket, New York
Country: United States
BirthDay: 1938
Children: 3
Education: Bachelor of Arts / Science, Massachusetts Institute of Technology; Doctorate, University of California, Berkeley
BIOGRAPHY

James Simons was bornon 1938 in East Setauket, New York, United States, is Founder, Renaissance Technologies Corp.. James Simons is #46 in List Billionaires People In The World. James Simons is the founder of Renaissance Technologies, a legendary quantitative hedge fund that manages nearly $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 black box strategy that is now only open to Renaissance's owners and employees. Simons has been a big Democratic donor, but Renaissance's co-CEO, Robert Mercer, is now a big force in Republican and conservative fundraising.

NET WORTH STATISTIC
2009

$8.5 Billion

2010

$8.7 Billion

2011

$10.6 Billion

2012

$11 Billion

2013

$12 Billion

2014

$12.5 Billion

2015

$14 Billion

2016

$16.5 Billion

2017

$18 Billion

2018

$19.99 Billion

TIMELINE
2017

According to Forbes Magazine Simons has a net worth of $18 billion USD as of February 2017

2016

THe Simons Foundation established the Flatiron Institute in 2016, to house 4 groups of computational scientists (each with 60 or more PhD level researchers)

2015

An article published in the New York Times in 2015 said that Simons was involved in one of the biggest tax battles of the year, with Renaissance Technologies being "under review by the I

2014

On July 22, 2014, Simons was subject to bipartisan condemnation by the U

2011

In 2011, he was included in the 50 Most Influential ranking of Bloomberg Markets Magazine

2009

According to the Wall Street Journal in May 2009, Simons was questioned by investors on the dramatic performance gap of Renaissance Technologies' portfolios

2008

In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Steven Cohen, Kenneth Griffin, Paul Tudor Jones, George Soros, Michael Steinhardt, Jack Nash, Seth Klarman, Alfred Jones, Leon Levy, Julian Roberston, and Bruce Kovner

2007

In 2007, he was estimated to have personally earned $2

2006

Also in 2006, Simons donated $25 million to Stony Brook University through the Stony Brook Foundation, the largest donation ever to a State University of New York school at the time

2005

5 billion in 2005, (the largest compensation among hedge fund managers that year) and $670 million in 2004

2004

In 2004, Simons founded Math for America with an initial pledge of $25 million from tHe Simons Foundation, a pledge he later doubled in 2006

2003

THe Simons Foundation established tHe Simons Foundation Autism Research Initiative (SFARI) in 2003 as a scientific initiative within tHe Simons Foundation's suite of programs

1996

In 1996, 34-year-old Paul was killed by a car driver while riding a bicycle near tHe Simons home

1994

Simons and his second wife, Marilyn Hawrys Simons, co-founded tHe Simons Foundation in 1994, a charitable organization that supports projects related to education and health, in addition to scientific research

1990

Since 1990, Renaissance Technologies has contributed $59,081,152 to federal campaigns and since 2001, has spent $3,730,000 on lobbying

1982

He is known as a quantitative investor and in 1982 founded Renaissance Technologies, a private hedge fund based in New York City

1976

These and other contributions to geometry and topology led to Simons becoming the 1976 recipient of the AMS Oswald Veblen Prize in Geometry

1973

Simons was asked by IBM in 1973 to attack the block cipher Lucifer, an early but direct precursor to the Data Encryption Standard (DES)

1968

In 1968, he was appointed chairman of the math department at Stony Brook University

1964

Between 1964 and 1968, he was on the research staff of the Communications Research Division of the Institute for Defense Analyses (IDA) and taught mathematics at the Massachusetts Institute of Technology and Harvard University, ultimately joining the faculty at Stony Brook University

1962

His 1962 Berkeley PhD thesis, written under the direction of Bertram Kostant, gave a new and more conceptual proof of Berger's classification of the holonomy groups of Riemannian manifolds, which is now a cornerstone of modern geometry

1961

, also in mathematics, from the University of California, Berkeley, under supervision of Bertram Kostant in 1961, at the age of 23

1958

He received a Bachelor of Science in mathematics from the Massachusetts Institute of Technology in 1958 and a Ph

1938

James Harris Simons was born in April 1938 to an American Jewish family, the only child of Marcia (née Kantor) and Matthew Simons, and raised in Brookline, Massachusetts

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