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Grizzly Bulls’ Billionaires Index

⬅ # 287 Quek Leng Chan|# 289 German Khan ➡

# 288 David E. Shaw 

$8.71B

Real Time Net Worth
as of 6/15/2024

# 288 David E. Shaw 

$8.71B

Real Time Net Worth
as of 6/15/2024
OccupationFounder, D. E. Shaw &, L.P.
Source of WealthHedge Funds
Age73
ResidenceNew York, New York
Marital StatusMarried
Children3
EducationDoctorate, Stanford University; BS, University of California, San Diego
Age-Adjusted Net Worth$3.61B
David E. Shaw
David E. Shaw
United States
Net worth: $8.71B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

David Elliot Shaw was born on March 29, 1951, in Los Angeles, California.
Raised by a theoretical physicist father and an artist-educator mother, his parents divorced when he was 12.
His stepfather, Irving Pfeffer, was a finance professor at UCLA.
Shaw earned a bachelor's degree summa cum laude from the University of California, San Diego.
He completed his Ph.D. at Stanford University in 1980.
Starting as an assistant professor of computer science at Columbia University, Shaw conducted research in massively parallel computing.
In his early career, he founded Stanford Systems Corporation before joining Morgan Stanley in 1986.
During his academic journey, Shaw made significant contributions to the field of computer science, setting the stage for his later financial and scientific endeavors.

Career Highlights

1986: Joined Morgan Stanley as Vice President for Technology
1988: Founded D. E. Shaw & Co., a hedge fund employing proprietary algorithms
1994: Appointed to President's Council of Advisors on Science and Technology
2001: Transitioned to full-time scientific research in computational biochemistry

D. E. Shaw & Co.

Founded: 1988
Assets Under Management: Over $60 billion
Quantitative Trading: Pioneered high-speed quantitative trading
2018 Net Worth Estimate: $6.2 billion
Current Role: Chief Scientist at D. E. Shaw Research

Research and Academic Contributions

Contributions: Interdisciplinary research in computational biochemistry
Affiliation: Senior Research Fellow at the Center for Computational Biology and Bioinformatics (Columbia University)
Adjunct Professor of Biomedical Informatics (Columbia Medical School)

Political and Philanthropic Involvement

Donations: $2.25 million to Priorities USA Action (supporting Hillary Clinton)
$1 million to Organizing for Action
Shaw Family Endowment Fund: Donated to various institutions, including Yale, Stanford, Harvard, Princeton, Columbia, and Brown University
Board Membership: American Association for the Advancement of Science

Personal Life

Spouse: Beth Kobliner (personal finance commentator and journalist)
Religious Affiliation: Stephen Wise Free Synagogue (New York)
Residences: New York City and Westchester County, New York

How long would it take you to become as rich as David E. Shaw?

If you started with $10,000 and invested an additional $500 each month at a 44.14% CAGR, it would take you 5 years to reach David E. Shaw's net worth of $8.71B.

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 47.38% compared to 15.52% for the S&P 500 benchmark.

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

David E. Shaw 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 David E. Shaw, Hedge Funds 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