Top 10 Hedge Fund Manager Salaries, 2009 edition

[we vs us]

The top salary for 2009:  $4billion. Holy crap.


"Here are the top 10 managers for 2009 in terms of net compensation. The majority  of this comp is based on performance fees, plus investment returns on their own money.

The top 25 earners were paid a collective $25.3 billion. The lowest earner on the list earned a puny $350 million — a shanda! — making it embarrassing to even show his face at the country club. (What a loser).

Here's your top 10 list:

    Top Earning Fund Mangers

    1.David Tepper, Appaloosa Management
    Est. 2009 personal earnings: $4 billion

    2. George Soros, Soros Fund Management
    Est. 2009 personal earnings: $3.3 billion

    3. James Simons, Renaissance Technologies
    Est. 2009 personal earnings: $2.5 billion

    4: John Paulson, Paulson & Company
    Est. 2009 personal earnings: $2.3 billion

    5: Steve Cohen, SAC Capital Advisors
    Est. 2009 personal earnings: $1.4 billion

    6. (tie): Carl Icahn, Icahn Capital
    Est. 2009 personal earnings: $1.3 billion

    6. (tie): Edward Lampert, ESL Investments
    Est. 2009 personal earnings: $1.3 billion

    8. (tie): Kenneth Griffin, Citadel Investment Group
    Est. 2009 personal earnings: $900 million

    8. (tie): John Arnold, Centaurus Advisors
    Est. 2009 personal earnings: $900 million

    10. Philip Falcone, Harbinger Capital Partners
    Est. 2009 personal earnings: $825 million"

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The top salary for 2009:  $4billion. Holy crap.

Here are the top 10 managers for 2009[/url] in terms of net compensation. The majority  of this comp is based on performance fees, plus investment returns on their own money.

So is it salary as in being paid to do a job or total income?

I could learn to live on that amount of income.  It would be tough but I would sure try.

[Gaspar]

So is it salary as in being paid to do a job or total income?

I could learn to live on that amount of income.  It would be tough but I would sure try.

I'd have to stop eating out so much.

[we vs us]

So is it salary as in being paid to do a job or total income?

I could learn to live on that amount of income.  It would be tough but I would sure try.

Looks like maybe total income, but even so it's a ludicrous amount.  That guy has a bigger income than the GDP of Barbados.

[Red Arrow]

Looks like maybe total income, but even so it's a ludicrous amount.  That guy has a bigger income than the GDP of Barbados.

I agree.  Let's tax everything above $2,000,000 at 99.9% and give it to Planned Parenthood.  No one needs more than $2M (Mega, not thousand) to live.  We'll let him keep a little of the extra as an incentive to make more.

[we vs us]

I agree.  Let's tax everything above $2,000,000 at 99.9% and give it to Planned Parenthood.  No one needs more than $2M (Mega, not thousand) to live.  We'll let him keep a little of the extra as an incentive to make more.

How bout we tax everything over $1billion instead? 

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How bout we tax everything over $1billion instead? 

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OK.  99.9% from $2M to $1B, then everything over $1B at 100%.

[we vs us]

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OK.  99.9% from $2M to $1B, then everything over $1B at 100%.

I can't believe you'd suggest confiscating all that profit!  If everything above $1b is taxed that high, why would I even bother working?  That just takes all the incentive out of the system. 

[Red Arrow]

I can't believe you'd suggest confiscating all that profit!  If everything above $1b is taxed that high, why would I even bother working?  That just takes all the incentive out of the system. 

I'll never make that much.  Why should I care about someone who does?

/sarcasm for several replies (you too I presume)

[zstyles]

Well congrats to these industrialist Americans/People/Earthlings!!

[Red Arrow]

Well congrats to these industrialist Americans/People/Earthlings!!

Maybe the secret to their success is that they are Space Aliens.

[Conan71]

I can't believe you'd suggest confiscating all that profit!  If everything above $1b is taxed that high, why would I even bother working?  That just takes all the incentive out of the system. 

Yeah, but maybe it might turn Soros into a fiscal conservative if he lost all of $2.3 bln of his income 

[we vs us]

Yeah, but maybe it might turn Soros into a fiscal conservative if he lost all of $2.3 bln of his income 

Ha! Saw him interviewed this weekend and he's pretty much so old that he's 1) not gonna change his stripes at this point and 2) can say whatever he wants and doesn't care a whit. 

That said, his yearly income is just as obscene as the guy in the number one slot, IMO.

[Conan71]

Ha! Saw him interviewed this weekend and he's pretty much so old that he's 1) not gonna change his stripes at this point and 2) can say whatever he wants and doesn't care a whit. 

That said, his yearly income is just as obscene as the guy in the number one slot, IMO.

Quite a few Democrat contributors on that list.  I thought Wall St. was just a playground for wealthy Republicans...

[we vs us]

Quite a few Democrat contributors on that list.  I thought Wall St. was just a playground for wealthy Republicans...

Yeah, no.  That's pretty obviously not true.  Both R's and D's are well represented. It's one of the things that keeps the D's so cowed, ineffectual, and operating within a lot of the R's political framing:  the D's are only slightly less owned by big business than the R's are.