Leon Cooperman Net WorthReal Name: Leon Cooperman
Date of Birth: 04/25/1943
Place of Birth: The Bronx, New York
2017 Net Worth: $3.7 Billion
Profession: Founder of Omega Advisors, Inc.
Leon Cooperman Biography
Leon G. Cooperman was born in April of 1943 in the Bronx, New York. He was the first in his family to graduate from college. He attended Hunter College, later transferring to the Columbia Business School, graduating with an MBA in 1967. After graduating from Columbia, Cooperman worked with Goldman Sachs, He was partner in charge, co-chairman in the Investment Research Department for 22 years. He became the chief executive officer and chairman of Goldman Sachs Asset Management in 1989.
After 25 years of working for Goldman Sachs, Cooperman retired as general partner in 1991. He wasn’t retiring from the business, however. Cooperman organized a private investment partnership, under the direction of Omega Advisors, Inc. He is currently the CEO and chairman of Omega Advisors, an investment advisory firm, based out of New York, which manages more than $6 billion in assets.
Cooperman has been voted the number one portfolio strategist in surveys conducted by the Institutional Investor All-American Research Team. He might be revered by his peers, but Cooperman has received a great deal of negative press for his open letter to President Obama, accusing the President of many things, including his statement that the President was engaged in a type of “class warfare.” He complained about his feelings that billionaires in America were being mistreated by the Federal government.
Cooperman has a long history of offering financial gifts to his alma mater Columbia Business School. He created a scholarship program in 2007, helping provide funding for more than 40 students each year. Cooperman also endowed the Leon Cooperman Professorship of Finance and Economics. He is also one of the founding Master Player of the Portfolios with Purpose virtual stock trading contest. Cooperman has a current net worth of $3.7 billion, which should increase as it appears this savvy investor has no intention of retiring again.