David Elliot Shaw Net WorthReal Name: David Elliot Shaw
Date of Birth: 03/29/1951
Place of Birth: United States
2017 Net Worth: $4.1 Billion
Profession: Founder D.E. Shaw and Co. L.P
David Shaw Biography
David Elliot Shaw was born in March of 1951. He attended the University of California San Diego where he graduated with a bachelor’s degree. He then attended Stanford University to complete his Ph.D. In 1980, Shaw became a faculty member of the Department of Computer Science at Columbia University. In 1986, Shaw worked for Morgan Stanley as their vice president of technology. He founded his own hedge fund company, D. E. Shaw & Company, which is known for making use of proprietary algorithms for securities trading.
Shaw has made most of his fortune working the inefficiencies in financial markets along with some help from his state of the art high-speed computer network. In 1996, he was referred to as “King Quant” in Fortune magazine due to his pioneering role in high speed quantitative trading. He has also been described as being the most intriguing and mysterious force on Wall Street.
Shaw was appointed to the President’s Council of Advisors on Science and Technology by then President Clinton, later he became the chairman of the Panel on Educational Technology. He was appointed to the same post again by President Obama. He is currently serving as the Chief Scientist of D.E. Shaw Research, which is conducting interdisciplinary research in the area of computational biochemistry, mainly in molecular dynamics simulations of proteins.
Shaw gave up his daily operations at his hedge fund back in 2001 but only so that he could focus on his biochemistry research. Shaw still has an ownership stake in his hedge fund company. He is married to journalist and personal finance commentator Beth Kobliner. The couple currently lives in New York, New York and live very private lives. Shaw has a current net worth of $4.1 billion, which will only increase in time if Shaw’s hedge funds continue to do well.