Israel Englander Net WorthReal Name: Israel Englander
Date of Birth: 1948
Place of Birth: New York, New York
2017 Net Worth: $3.8 Billion
Profession: Founder of Millennium Management Hedge Fund Company
Israel Englander Biography
Israel Englander was born in New York City in 1948. His parents were immigrants from Poland. Englander’s father’s entire family was murdered during the Holocaust.
Englander began trading stocks while he was still attending high school. He interned at Oppenheimer & Co while he attended college, the same institution where his brother-in-law would eventually become president. Englander graduated from New York University with a bachelor of science in finance. He first worked with the Wall Street firm Kaufmann, Alsberg &Company. He also attended New York University’s MBA program but never completed the work in order to earn a degree.
The floor brokerage firm I.A. Englander & Company was formed in 1977. He also formed the investment firm Jamie Securities Company together with John Mulheren Jr. Not content with this, Englander formed Millennium Management LLC in 1985 along with Ronald Shear. He started with just $7 million in seed money, $5 million of which came from Englander’s own pocket. Since then, Englanders firm has developed into a multi-billion dollar company that is successful with low-risk management strategies. Current estimates have Millennium Management with $20 billion dollars under management. At the end of 2013, Millennium had more than 1500 employees in 12 locations around the world.
Englander recently paid a record breaking $71.3 million for a duplex apartment at New York’s exclusive 740 Park Avenue. This is the highest price ever paid for a New York City duplex. This home was once the digs of the French ambassador. Although Englander already lived in the building, this new acquisition is certainly an upgrade. This duplex has a 10 person dining room, library, complete study, with a private elevator that lets out into the 35 foot marble entryway. Englander has a current net worth of $3.8 billion, which will buy him several more New York duplexes if he feels the need.