Basic Information About Gabe Plotkin
| Category | Business › Wall Street |
|---|---|
| Net worth | $400,000,000 |
| Social Media | ↗︎ Wikipedia |
Gabe Plotkin Net Worth
$400,000,000
Gabe Plotkin is a famous American hedge fund manager with a net worth of $400 million. He is best known as the founder of Melvin Capital Management, which gained attention in 2021 due to its involvement in the GameStop controversy. Gabe’s successful career and investment strategies have contributed significantly to his impressive net worth.
Key facts:
- Gabe Plotkin is the founder of Melvin Capital Management, a hedge fund that quickly raised $1 billion in capital after its inception in 2014.
- He managed a fund of consumer stocks worth $1.3 billion at SAC Capital, where he was also involved in an insider trading scandal.
- Plotkin's firm, Melvin Capital, generated a 47% return on assets in its first year of operation, making it the second-best performing hedge fund in the world.
- He became widely known for his involvement in the GameStop short squeeze of early 2021, which resulted in significant losses for Melvin Capital.
- In 2019, Plotkin and another hedge fund manager acquired a portion of Michael Jordan's ownership stake in the NBA's Charlotte Hornets, valuing the team at $1.5 billion.
Subscribe
Login
0 Comments
Oldest
