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Grizzly Bulls’ Billionaires Index

⬅ # 515 Kerry Stokes|# 517 Stewart Resnick ➡

# 516 Chase Coleman III 

$5.80B

Real Time Net Worth
as of 6/25/2024

# 516 Chase Coleman III 

$5.80B

Real Time Net Worth
as of 6/25/2024
OccupationFounder, Tiger Global Management
Source of WealthInvestments
Age49
ResidenceNew York, New York
Marital StatusMarried
EducationBS, Williams College
Age-Adjusted Net Worth$12.2B
Chase Coleman III
Chase Coleman III
United States
Net worth: $5.80B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Born on June 1, 1975, in Glen Head, Long Island, Chase Coleman III is the son of C. Payson Coleman Jr., a partner at Pillsbury Winthrop Shaw Pittman, and Kim Coleman, who owns an interior design firm.
Coleman attended Deerfield Academy and later graduated from Williams College in 1997, where he was co-captain of the lacrosse team.
His grandfather, Charles Payson Coleman, was a managing partner at Davis Polk & Wardwell and married to Mimi C. Thompson, a descendant of Peter Stuyvesant, the last Dutch Governor of New Amsterdam.
Having grown up with Spencer Robertson, the son of hedge fund legend Julian Robertson, Coleman began his career working for Julian Robertson at Tiger Management in 1997.
After Robertson closed his fund in 2000, he entrusted Coleman with over $25 million to manage, marking Coleman as one of the 'Tiger Cubs,' a group of fund managers who started their careers at Tiger Management.
Julian Robertson described Coleman as someone he had known since Coleman's childhood, emphasizing their close ties.

Investment Career

In 2001, Chase Coleman founded Tiger Global Management, initially a hedge fund, which later expanded into a broader investment firm.
Tiger Global Management has grown to oversee $51 billion in assets, with its venture capital arm becoming its largest unit.
Scott Shleifer, who joined Tiger Global in 2002, co-founded its venture business a year later, which he still leads.
The hedge fund under Tiger Global Management boasted an impressive annual return of 21% over its first two decades.
Tiger Global Management was an early investor in Facebook and LinkedIn, marking significant successes in its investment portfolio.
Despite its historical success, Tiger Global Management faced a setback in 2022, with its hedge fund experiencing a decline of over 50%.

Political Contributions

In 2012, Coleman made political donations, contributing $31,000 to the National Republican Senatorial Committee and $5,000 to Mitt Romney's presidential campaign.
Beyond his Republican affiliations, Coleman has also donated to Democratic candidates, including contributions to New York Governor Andrew Cuomo, Manhattan Borough President Scott Stringer, and New York Senator Charles Schumer.

Personal Life

Coleman married Stephanie Ercklentz, daughter of lawyer Enno Ercklentz Jr. and Mai Harrison, in 2005.
Stephanie Ercklentz, a Wellesley College graduate, previously worked in investment banking for Merrill Lynch and in Marketing and PR for Anne Klein and Vera Wang.
Ercklentz was featured in the documentary 'Born Rich,' which explores the experiences of heirs of the world's wealthiest families.
Stephanie Ercklentz's mother, Mai Harrison, is the grand-niece of Jüri Vilms, a prominent figure in the Estonian Independence Movement.
The Coleman family resides in New York City with their four children and owns properties in Southampton, Fifth Avenue, and Palm Beach, Florida.
Notable real estate acquisitions by the Colemans include an estate on Meadow Lane in Southampton purchased for $32.5 million in 2007 and an entire floor of a Fifth Avenue building purchased for $36.5 million in 2008, later combined with the fifth floor bought in 2016 for $52 million.

How long would it take you to become as rich as Chase Coleman III?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Chase Coleman III's net worth of $5.80B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Chase Coleman III is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Chase Coleman III, Investments is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey