Leon G. Cooperman’s profile picture

Leon G. Cooperman

Founder, Omega Advisors, Inc.
Leon G. Cooperman’s profile picture
Net worth 2018: $3.2 Billion
Industry: Investments
Residence: Short Hills, New Jersey
Country: United States
BirthDay: 25 April 1943
Sigh: Taurus
Children: 2
Education: Bachelor of Arts / Science, Hunter College; Master of Business Administration, Columbia Business School
BIOGRAPHY

Leon G. Cooperman was bornon 25 April 1943 in Short Hills, New Jersey, United States, is Founder, Omega Advisors, Inc.. Leon G. Cooperman is #732 in List Billionaires People In The World. A Wall Street legend, Leon Cooperman built up Goldman Sachs' asset management division, GSAM, in his quarter century with the investment bank. Cooperman founded Omega Advisors in 1991, a hedge fund known for strong performance and fundamental bottom-up research. In 2017, Cooperman settled SEC insider-trading charges by paying $4.9 million, but neither admitted nor denied the accusations. The battle with the SEC left Omega with just $3.6 billion in assets under management, most of which is Cooperman's own money.

NET WORTH STATISTIC
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

TIMELINE
2016

On September 21, 2016, Cooperman was charged with insider trading by the U

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

2013

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

2012

In 2012, Cooperman was included in the 50 Most Influential list of Bloomberg Markets magazine

2011

In 2011, he donated $25 million to support the expansion of the school's campus

2010

Securities and Exchange Commission charged Cooperman and Omega Advisors with insider trading, more specifically for "trading stocks, bonds and call options of Atlas Pipeline Partners in July 2010 on information he obtained from an executive at the company

2007

In 2007, he created the Cooperman Scholarship Challenge, helping to create over 40 need based scholarships

2000

In 2000, he established the Leon Cooperman Scholarship to support financial aid for need based students

1995

In 1995, he endowed the Leon Cooperman Professorship of Finance and Economics

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

1989

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

1970

Since the late 1970s, Cooperman has been a resident of the Short Hills neighborhood of Millburn, New Jersey

1967

Cooperman later received his MBA from Columbia Business School, graduating in 1967

1965

After graduating, he became a quality control engineer at Xerox in 1965

1943

"Lee" Cooperman (born April 25, 1943) is an American investor, hedge fund manager, and philanthropist

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