Paul Singer A Life of Financial Acumen and Activism
Paul Singer is an American hedge fund manager, activist investor, and the founder, president and co-CEO of Elliott Management. As of June 2023, his net worth is estimated at US$5.5 billion. Fortune magazine described Singer as one of the “smartest and toughest money managers” in the hedge fund industry.
Early Life and Family
Singer was born in 1944, and grew up in Teaneck, New Jersey, in a Jewish family, one of three children of a Manhattan pharmacist and a homemaker. He graduated from Teaneck High School in 1962 and then went on to study economics at Harvard University, where he earned his bachelor’s degree in 1966.
In 1977, Singer founded Elliott Management with $1.3 million. The firm now has some $59 billion in assets under management. Elliott is known for its aggressive activist investing strategies, which often involve taking on corporate management and demanding changes.
Singer has been a vocal critic of corporate wrongdoing, and he has been successful in forcing companies to make changes that benefit shareholders. In 2005, Elliott targeted Argentina, which had defaulted on its sovereign debt. Singer successfully sued the country, and he is credited with helping to improve Argentina’s financial credibility.
Singer has been involved in a number of high-profile cases, including:
- The 2005 case against Argentina
- The 2014 case against Allergan, which resulted in the company being acquired by Actavis for $63 billion
- The 2016 case against Athenahealth, which resulted in the company being acquired by Elliott for $17 billion
Singer has also been a vocal critic of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which he believes has stifled economic growth. He has also been a supporter of President Donald Trump.
Singer’s net worth is estimated at US$5.5 billion as of June 2023. He is one of the wealthiest hedge fund managers in the world.
Social Media Presence
Singer is not active on social media.
Singer is married to Emily Singer. They have two children.
Hobbies and Interests
Singer is a collector of art and music. He is also a pilot and a skier.
Singer has been a controversial figure throughout his career. He has been accused of being ruthless and of using his wealth to bully companies. However, he is also respected for his financial acumen and his willingness to stand up for shareholders.
Singer is a philanthropist and has donated millions of dollars to charity. He is a trustee of the Metropolitan Museum of Art and the New York Public Library.
Singer is in good health.
Singer graduated from Teaneck High School in 1962. He then went on to study economics at Harvard University, where he earned his bachelor’s degree in 1966.
Singer began his career as an investment banker at Lehman Brothers. He then worked as a portfolio manager at Oppenheimer & Co. and Kidder, Peabody & Co.
Singer is currently focused on managing his investments and expanding Elliott Management’s global reach.
Style and Fashion
Singer is known for his classic and understated style. He favors tailored suits, dress shirts, and conservative ties.
Singer does not have a large fan base. He is a private person and rarely gives interviews.
Political or Social Activism
Singer is a conservative and a supporter of President Donald Trump. He is also a vocal critic of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Singer is a fluent speaker of French and Spanish. He is also a pilot and a skier.
Paul Singer is a complex and controversial figure. He is one of the wealthiest and most successful hedge fund managers in the world, but he is also a ruthless activist investor who has been accused of bullying companies. Singer is also a philanthropist and a supporter of conservative causes. He is a fascinating and controversial figure who has had a major impact on the world of finance.