Paul Singer is the founder and CEO of hedge fund business Elliot Management Corporation and The Paul E. Singer Foundation with an estimated net worth of $1.3 billion. Born Paul Elliot Singer on August 22, 1944 in New York, he grew up in a Jewish family in Tenafly, New Jersey. He obtained his B.S. in psychology from the University of Rochester and a J.D. from Harvard Law School. He accepted work as an attorney in the real-estate office of the investment bank Donaldson, Lufkin & Jenrette in 1974.
Paul Singer Net Worth $1.3 Billion
Singer founded the hedge fund Elliot Associates L.P. in 1977 with $1.3 million from various close friends and family members. Elliot Management Corporation is the overseer of Elliot Associates and Elliot International Limited. Collectively, they have more than $21 billion in assets under management. In the year 2012, the two main funds have returned more than 12%. Other Elliot’s investments comprise backing the film version of Les Mesirables along with a suit against Walt Disney Co., over Stan Lee’s iconic superhero characters.
Singer’s hedge fund also frequently takes activist positions including the recent investment in Hess Corp. He’s a former Wall Street attorney as well as a large supporter of Republican political causes and gay rights. He’s donated $425,000 on his own money and raised another $500,000 to support the drive for legalization of gay marriage in New York. He donated $250 thousand to the Maryland Marriage Campaign.
Paul Singer founded the Paul E. Singer Family Foundation that supports many non-profit projects including the Harvard Graduate School of Education Vocalist Prize for Excellence in Secondary Teaching and VH1 Save The Music Foundation, the Food Bank For New York City, National Gay and Lesbian Task Force Activity Fund, and the New York City Police Foundation.
Paul Singer is Chairman of the Board of Trustees for the Manhattan Institute for Policy Research. The founder also serves on the Board of Fellows of Harvard Medical School and the Board of Directors of Commentary Magazine. He’s an associate of the Committee on Capital Markets Regulation.