Daniel, Dirk, and Robert Net WorthReal Name: Daniel, Dirk, and Robert
Date of Birth: 1/1/1965
Place of Birth: New York, New York
2017 Net Worth: $15 Billion
Profession: Ziff Brothers Investments
Ziff Brothers Biography
The Ziff brothers, Dirk, Daniel, and Robert are sons of William Bernard Ziff Jr., who had taken over his father’s publishing business and later bought out his father’s business partner. Ziff David Inc. shifted gears and began to make huge profits from niche magazines including PC Magazine and Car and Driver. Before he died, William Bernard Ziff Jr. sold his publishing group for $1.4 billion.
The three sons and heir apparent to the Ziff fortune, Daniel, David, and Robert, decided to try and make their own fortune. The brothers formed Ziff Brothers Investments, a diversified portfolio of hedge funds, real estate, equities, and commodities. The brothers recently announced that they were selling the second of their two hedge funds and stepping away from the all for one, one for all investing style that they have followed for more than 20 years. The Ziff brothers have watched their wealth grow through a series of savvy investments in debt, real estate, commodities, equities, and both private equity and hedge funds.
Last fall, the Ziff brothers closed their New York fund, following the unexpected decision of their portfolio manager to retire. Although the Ziff brothers do not manage outside money, the billions of dollars that they do have under management were larger than many of the hedge funds that have outside investors, with total funds managed at somewhere between $5 and $10 billion. They still have a stake in Och-Ziff Capital Management, the publicly traded hedge fund that they seeded in 1994.
Their decision to leave their hedge fund business is not due to a falling out between them, according to people who are familiar with the family. The brothers still plan to make many joint and individual investments.
The Ziff family owns multiple homes in Aspen, Colorado and is well worth keeping an eye on. They might be changing and have varied interests, but they are still a force to be reckoned with. Each Ziff brother has a net worth of about $5 billion, making their combined family net worth a staggering $15 billion, not including their inheritance.