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Old 04-15-2007, 11:15 PM
Scorpion Man Scorpion Man is offline
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Join Date: Dec 2004
Location: Bay Area, CA
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Default Re: Really Rich Guys - Top 10 Traders

A lot of this argument depends on how you define "worth". Hedge fund and private equity guys are the only ones who have to earn it all in CASH for it to count. A lot of the other guys have it all "capped up" by the market for them and own it in stock, but get very little actual cash flow out of the business. If all they could count was accumulated cash flows it would be paltry in comparison to the stated net worths...so, if these people plan on continuing you could argue that you have to cap up their earnings...quoting Jim Simon's liquid net worth while ignoring his truly awesome earnings power is way understating his net worth, IMO. The IPO of FIG proved this out.
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