I 4 Hedge Fund Billionaires Investing In Crypto

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4 Hedge Fund Billionaires Investing In Crypto

While the crypto markets may be a volatile bet, and shunned by the likes of Warren Buffett and Bill Gates, they are still an attractive option for many of the world’s richest. Here are some of the billionaires that have stepped into the crypto realm after securing their wealth through hedge funds or venture capital investing. Net worths are as of June 17, 2022.

Paul Tudor Jones, II

Net worth: $7.3 billion Citizenship: U.S.

Jones began trading cotton futures at the New York Cotton Exchange and founded the Tudor Investment Corporation in 1980, which now manages assets worth $11 billion. He also co-founded the Robin Hood Foundation in 1988.

According to CoinDesk, in February 2021 Jones joined a roster including rapper LL Cool J, hospitality management firm Apollo Group cofounder Josh Harris, and former PepsiCo CEO Indra Nooyi, in investing in North Island Ventures’ cryptofocused $72 million venture capital (VC) fund. The fund was founded in early 2020 by Gleen and James Hutchins and former Digital Currency Group investor Travis Scher. The fund is led by Hutchins’ father Glenn, co-founder of the $88 billion private equity firm Silver Lake Partners.

Steve Cohen

Net worth: $17.4 billion Citizenship: U.S.

Cohen started out as a junior options trader for boutique investment bank Gruntal & Co and founded SAC Capital, one of the most successful hedge funds ever, in 1992. The firm’s performance reached its peak in 2000 when SAC returned 73.4% before fees. SAC Capital ceased to exist in 2016 following an insider trading investigation by the U.S. Securities and Exchange Commission, and Cohen was banned from managing other investors’ money until 2018.

He currently oversees his $24.4 billion hedge fund, Point72, which started managing outside capital in 2018, after the SEC ban was lifted. The fund supports Radkl, a crypto startup founded in 2021 by New York Stock Exchange market maker GTS.

Paul Tudor Jones, II

Marc Andreessen

Net worth: $1.6 billion Citizenship: U.S.

Andreessen co-created the Mosaic internet browser and co-founded Netscape, which was purchased by AOL in 1998 in a $4.2 billion deal. He sat on the board of Hewlett-Packard from 2008 to 2018.

Andreessen co-founded the $33.3 billion venture capital firm Andreessen Horowitz, commonly referred to as a16z, in 2009 alongside Ben Horowitz, to support tech-focused entrepreneurs. Its crypto unit, a16z crypto, which owns an active investment portfolio spanning 47 crypto-linked firms, is the largest individual crypto fund raised in venture capital so far, according to Forbes. It said in May that it has raised $4.5 billion for its fourth fund, bringing its total funds raised to more than $7.6 billion, of which it plans to allocate $1.5 billion to seed investments in Web3, and $3 billion to more traditional startup investments.

Alan Howard

Net worth: $3.2 billion Citizenship: U.S.

Howard co-founded Brevan Howard Asset Management in 2002, with a focus on macro trading. In 2013, the company had $40 billion of assets under management, making it one of the top macro hedge funds globally. The firm launched its crypto and digital unit in September 2021.

Howard also founded cryptocurrency trading platform Elwood Technologies in 2020 in a collaboration between crypto-native funds and traditional financial institutions, In May 2022, it concluded a Series A $70 million funding round led by Goldman Sachs and Barclays, with prominent investors, including Europe’s largest B2B investor Dawn Capital and CommerzVentures.