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Grizzly Bulls’ Billionaires Index

⬅ # 1322 Narendrakumar Parekh|# 1324 Lu Weiding ➡

# 1323 Henry Laufer 

$2.52B

Real Time Net Worth
as of 7/25/2024

# 1323 Henry Laufer 

$2.52B

Real Time Net Worth
as of 7/25/2024
OccupationAlgorithmic Trader, Renaissance Technologies
Source of WealthHedge Funds
Age78
ResidenceLake Worth, Florida
Marital StatusMarried
EducationBS, City College of New York; Doctorate, Princeton University
Age-Adjusted Net Worth$745.28M
Henry Laufer
Henry Laufer
United States
Net worth: $2.52B

Self-Made Score 

Wealth History

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Biography

Overview

Henry B. Laufer, born in 1945, is an American hedge fund manager, mathematician, and philanthropist.
He became wealthy through his role as the chief scientist and vice president of research at Renaissance Technologies, co-founding the renowned Medallion Fund with Jim Simons.

Early Life

Born in 1945 to a Jewish family.
Received his PhD from Princeton University in 1965 under the supervision of Robert Gunning.
Joined the mathematics department at Stony Brook University in 1971, focusing on complex variables and algebraic topology.

Career

Joined Renaissance Technologies in 1992 after two decades as a math professor at Stony Brook University.
Co-founded the Medallion Fund with Jim Simons in 1988.
Served as chief scientist and vice president of research at Renaissance Technologies.
Earned $125 million in 2008 and $390 million in 2009, during the financial crisis.

Philanthropy and Political Contributions

Donated to establish the Louis and Beatrice Laufer Center for Physical and Quantitative Biology at Stony Brook University in 2008.
Contributed $70 million with Jim and Marilyn Simons to endow the Mathematical Sciences Research Institute at UC Berkeley in 2022.
Donated $500,000 to Correct the Record, a PAC supporting Hillary Clinton's 2016 presidential campaign.
Organized a fundraiser for Clinton in Florida in 2016 and supported Joe Biden's 2020 presidential campaign with around $950,000.

Personal Life

Married to Dr. Marsha Zlatin Laufer, a speech-language pathologist and political activist.
Dr. Marsha Zlatin Laufer chaired the Democratic Party for the town of Brookhaven, New York, from 2001 to 2009.
Resides in Manalapan, Florida, with three children.

How long would it take you to become as rich as Henry Laufer?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Henry Laufer's net worth of $2.52B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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Henry Laufer 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 Henry Laufer, 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