Daniel Loeb Net Worth $1.5 Billion
Hedge fund manager Daniel Seth Loeb comes with an estimated net worth of $1.5 billion as of March 2013 according to Forbes. He presently serves as the founder and chief executive officer of Third Point LLC, a hedge fund presently based in NY. After completing his degree in economics from Columbia University, Daniel Loeb worked at Citicorp afterward at Warburg Pincus. Currently, Loeb holds 5.8% of Yahoo! stock thru Third Point LLC. Ever since then, he has been vocal about his goal of joining the board of Yahoo. Then even proposed to comprise himself, Jeff Zucker (CEO of NBC Universal), Harry Wilson (retired executive at Goldman Sachs) and Michael Wolf (MTV Networks Executive) in Yahoo! board. On May 3,2013, he exposed that Scott Thompson, Yahoo!’s CEO at the time was not a Computer Science grad in contrast to what’s usually understood. This led to the resignation of Thomson ten days later. On precisely the same day, Loeb, Wilson, Zucker and Wolf formally became the members of the board of Yahoo!. Daniel Seth Loeb is well known for writing public letters discussing his disapproval of the conduct and operation of many known executives. He has even mentioned the administration of Barack Obama is geared towards wealth distribution rather than growth.