New York moneyman Izzy Englander, the 77-year-old CEO of Millennium Management, earned $4 billion in 2024, making him last year’s top-earning hedge-fund manager, according to Bloomberg.
The financial news agency’s annual list of best-paid hedge fund titans shows that Englander saw $2.4 billion in gains on his investments and $1.4 billion in fund performance fees.
He settled his divorce from ex-wife Caryl for $1 billion in 2023 after she left him for another woman: Swiss gallerist Dominique Levy.
The Brooklyn-born mogul, whose fund says it has $75.8 billion of assets under management, finished in first place ahead of Citadel founder Ken Griffin, who earned $3.2 billion last year.
The two billionaires were in those same positions in the 2023 Bloomberg rundown.
Mets owner Steve Cohen, who runs his Connecticut-based Point 72 firm, amassed $3 billion in 2024, the Bloomberg league table of the top 20 earning hedge funders.
But Rob Citrone, 60, broke into the rankings for the first time since their inception in 2019 after a money-spinning year for his Discovery Capital Management fund.
The firm was bullish on Argentina’s economy under the leadership of President Javier Milei, who has been taking an ax to excessive government spending, and it owned bonds and stocks there.
Discovery also took a a large stake in the revival of Argentine bank Grupo Financiero Galicia SA which saw its share price surge by more than 250% over the past 12 months.
Citrone posted a 52% return, according to Bloomberg, that saw him raking in $730 million and propelling himself to ninth spot in the league table.
It means that the minority owner of the NFL’s Pittsburg Steelers pocketed more than double what Elliott Management’s Paul Singer and Pershing Square’s Bill Ackman earned last year, the data says.
Both Singer and Ackman made $320 million in 2024.
The two Trump-backing financiers finished in 17th and 18th place in the Bloomberg rundown.
Another newcomer, Josh Resnick ended up in 12th place after his Jericho Capital Asset Management saw a 60% return.
His firm manages $4.5 billion in assets and made bets in 2024 on Palantir and Nvidia.
