Philip Falcone’s profile picture

Philip Falcone

Harbinger Capital PartnersHarbinger Capital Partners
Philip Falcone’s profile picture
Net worth 2018: $1 Billion
Industry: Investments
Country: United States
Children: 2
Education: Bachelor of Arts / Science, Harvard University
BIOGRAPHY

Philip Falcone was born in United States, is Harbinger Capital PartnersHarbinger Capital Partners. Fomer Harvard hockey star made $1.7 billion for himself and billions more for investors in his Harbinger Capital by shorting subprime in 2007. Had a rougher time of it lately. His next big gamble, LightSquared, filed for bankruptcy in 2012 amid claims it would interfere with GPS systems; now Falcone is battling Dish Network founder Charlie Ergen for control of the company's still-valuable wireless spectrum. Banned from hedge fund business under 2013 consent agreement with the Securities and Exchange Commission, Falcone is turning publicly traded Harbinger Group into a mini-Berkshire Hathaway instead, with interests in everything from insurance to Rayovac batteries.

NET WORTH STATISTIC
2010

$2.8 Billion

2011

$2.2 Billion

2012

$1.1 Billion

2013

$1.2 Billion

2014

$1 Billion

2018

$1 Billion

TIMELINE
2014

On July 4, 2014, the SEC Office of the Whistleblower rejected a claim made by an individual requesting a reward for assisting in the investigation

2013

"In May 2013, he accepted an SEC settlement in which he and Harbinger agreed to pay a total of $18 million

2012

On 15 February 2012, the Federal Communications Commission revoked the 2011 conditional approval for further development of the LightSquared network, stating it would interfere with GPS signals

2009

In 2009, the couple reportedly donated $10 million to New York City's High Line project

2008

Also in 2008, Falcone bought a Saint Barthélemy villa for $39 million

2005

They have twin daughters, Liliana and Carolina (born February 2005)

2000

In 2000, he founded Harbinger Capital with Raymond J

1999

In 1999, Falcone built a house in Sag Harbor, New York, which he sold in 2005 for $1

1997

He was the head of High Yield trading at Gleacher Natwest from 1997 to 1998, and at Barclays Capital from 1998 to 2000

1990

From 1990 to 1995, he served as President and CEO of AAB Manufacturing Corporation"

1985

In 1985, he started his career at Kidder, Peabody & Co

1984

He attended Harvard University on financial aid and graduated with a Bachelor of Arts in Economics in 1984

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