Ron Baron’s profile picture

Ron Baron

Ron Baron’s profile picture
Net worth 2018: $2.32 Billion
Industry: Investments
Residence: New York, New York
Country: United States
BirthDay: 1943
Children: 2
Education: Bachelor of Arts / Science, Bucknell University
BIOGRAPHY

Ron Baron was bornon 1943 in New York, New York, United States. Ron Baron is #1060 in List Billionaires People In The World. Ron Baron is the CEO of Baron Funds, a money management firm he founded in 1982; it has $25 billion in assets under management. Baron owns one of the biggest estates in the Hamptons, which he assembled from 2001 to 2009 for a total of $152 million. The son of an engineer (dad) and purchasing agent (mom) for the federal government, Baron wanted to be a doctor but didn't get into medical school. Baron became a securities analyst in 1970 and named his dog Big Mac after one of his first successful stock recommendations.

NET WORTH STATISTIC
2009

$1.3 Billion

2010

$1.35 Billion

2011

$1.5 Billion

2012

$1.5 Billion

2013

$1.7 Billion

2014

$2.1 Billion

2015

$2.2 Billion

2016

$2.1 Billion

2017

$2.2 Billion

2018

$2.32 Billion

TIMELINE
Ronald Stephen Baron (born 1943) (also known as Ron Baron) is an American mutual fund manager and investor. He is the founder of Baron Capital, an investment management firm. The New York City based firm manages the Baron Funds, which he also founded, and has approximately $26 billion in assets under management.Baron grew up in a Jewish family in Asbury Park, New Jersey, one of two children of Morton Baron, an engineer, and his wife Marian. Baron invested $1,000, saved from shoveling snow, waiting tables, working as a life guard, and selling ice cream, and turned it into $4,000 by investing in stocks, prompting cohorts to call him "Count", a nickname which still sticks.He studied chemistry at Bucknell University and attended George Washington University Law School at night on scholarship. His first job out of school was with the United States Patent Office.Baron worked for several brokerage firms from 1970 to 1982. During this time, he developed a reputation for investing in small, unloved companies.He founded Baron Capital Management in 1982. Baron Capital is well known for its long-term strategy and investment outlook. The firm will typically hold a stock for 4–5 years, sometimes as many as 10–15 years. The firm prefers to invest in mega-trends driven by broad societal and demographic trends, including baby boomer demands for healthcare - trends where demand is expected to remain steady for years, or even decades. The firm seeks to invest in companies that have strong management teams, investing in people not assets. They look for companies that have strong growth opportunities, are appropriately financed, have competitive advantages, and are a leader in their field. Baron Capital places a unique focus on the strength of the management teams of the companies they invest in, looking for credible, dependable, trustworthy leadership. In 2011, Baron Capital had approximately $19.5 billion in assets under management. In an effort to thank investors, Baron hosts an annual shareholder meeting which typically features rock acts such as Elton John, the Beach Boys, and Lionel Richie. In 2012, Baron Capital purchased 24 percent of the stock of the Manchester United Football Club that was offered on the New York Stock Exchange by the Glazer family. Baron's investment amounts to a 2.5% ownership interest in the club as only 10% of the team's stock was floated.In 1978, Baron married Judy Bernard in a Jewish ceremony at the Harmonie Club. In 2007, he paid $103 million for a house in East Hampton, New York—the most ever paid for a residential property at that time—from Adelaide de Menil, heiress to the Schlumberger fortune. de Menil's house had been built by piecing together historic East Hampton buildings that she moved to the property to protect them from demolition. Prior to the close of the sale, de Menil broke up the structures and moved them to various locations in the town for protection, including six that were moved a mile north to where they will form the new campus of the East Hampton Town government. Baron is now completing a new 28,000-square-foot (2,600 m) house, designed by Hart Howerton, a New York architectural firm with several other projects in the Hamptons, which specializes in large-scale land use. The house was included in a 2008 Vanity Fair article.
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