It’s good to be a successful alternative investments manager, as demonstrated by the generous sprinkling of their names in this year’s Forbes 400 ranking of the richest Americans. But it may be even better to be a retired (or semi-retired) alternative investments manager.
The top two hedge-fund names on Forbes’ annual list have both stopped managing outside money. The recently remarried George Soros and Carl Icahn are the richest of the lot, and both returned investor capital last year. Soros, who cracked the 400’s top 10 last year, fell back a bit this year, ranking only 15th with a $19 billion fortune, down $3 billion from last year. Icahn, on the other hand, added nearly $2 billion to his, taking 21st place on the list, topped by Microsoft Corp. founder Bill Gates, with $14.8 billion.