Michael Steinhardt

About Michael Steinhardt

Birth Day: December 07, 1940
Birth Place: Mount Kisco, New York, United States
Residence: New York City / Jerusalem
Alma mater: University of Pennsylvania
Occupation: Investor, hedge fund manager, philanthropist
Years active: 1967 - present
Known for: Leadership of Steinhardt Partners and Wisdom Tree Investments, realizing a multi-year return on investment of 24.5%

Michael Steinhardt

Michael Steinhardt was born on December 07, 1940 in Mount Kisco, New York, United States. Pioneer of the modern hedge fund, Michael Steinhardt earned a fortune in the early 1990s with stellar returns and high-fees before closing shop in 1995. "I thought there must be something more virtuous, more ennobling to do with one's life than make rich people richer. " After a decade-long hiatus from finance, Steinhardt returned in 2004 -- this time working for the little guy. He is the chairman and largest individual shareholder of WisdomTree Investments, a publicly-traded ETF provider that claims to have a new spin on index-fund investing. Back in his trading days, Steinhardt returned an average of 24.5% annually to investors; WisdomTree also aims to beat the market, but just by a few percentage points. That's enough for investors, who have driven assets under management to more than $43 billion. He is also the cofounder of Birthright Israel.
Michael Steinhardt is a member of Finance and Investments

Does Michael Steinhardt Dead or Alive?

As per our current Database, Michael Steinhardt is still alive (as per Wikipedia, Last update: May 10, 2020).

🎂 Michael Steinhardt - Age, Bio, Faces and Birthday

Currently, Michael Steinhardt is 80 years, 4 months and 15 days old. Michael Steinhardt will celebrate 81rd birthday on a Tuesday 7th of December 2021. Below we countdown to Michael Steinhardt upcoming birthday.

Popular As Michael Steinhardt
Occupation Finance and Investments
Age 80 years old
Zodiac Sign Capricorn
Born December 07, 1940 (Mount Kisco, New York, United States)
Birthday December 07
Town/City Mount Kisco, New York, United States
Nationality United States

🌙 Zodiac

Michael Steinhardt’s zodiac sign is Capricorn. According to astrologers, Capricorn is a sign that represents time and responsibility, and its representatives are traditional and often very serious by nature. These individuals possess an inner state of independence that enables significant progress both in their personal and professional lives. They are masters of self-control and have the ability to lead the way, make solid and realistic plans, and manage many people who work for them at any time. They will learn from their mistakes and get to the top based solely on their experience and expertise.

🌙 Chinese Zodiac Signs

Michael Steinhardt was born in the Year of the Dragon. A powerful sign, those born under the Chinese Zodiac sign of the Dragon are energetic and warm-hearted, charismatic, lucky at love and egotistic. They’re natural born leaders, good at giving orders and doing what’s necessary to remain on top. Compatible with Monkey and Rat.

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Steinhardt earned an MBA at the Wharton School of the University of Pennsylvania, graduating in 1960. He started his career working for the mutual fund Calvin Bullock and the brokerage firm Loeb, Rhoades & Co. (the precursor to Shearson Loeb Rhoades). Steinhardt's Father was his first investment client giving his son envelopes stuffed with cash to put in the stock market giving him seed money to begin his investment career.


In 1967, Steinhardt met his Future wife Judy in a car pool he organized. During one of the carpools into New York City, he mentioned the name of the grain elevator company Colorado Milling and Grain Elevator. Judy mentioned the company to her Father who invested in the company and made a substantial profit after Colorado Milling was acquired by Great Western Sugar in 1968; the merged company was renamed Great Western United. Judy is the chairwoman of New York University's Institute of Fine Arts and of the American Friends of the Israel Museum. They have three children: David, Daniel and Sara. His daughter, Sara, a former Journalist and parenting columnist for The New York Sun, is married to South African hedge fund manager David Berman and is the President of the Hebrew Language Academy Charter School in Brooklyn.


In 2001, Steinhardt made his foray into publishing, he along with several other Investors including Conrad Black, founded the New York Sun, a niche New York City newspaper best known for its unflinching pro-Israel support and generally (but not invariably) neo-conservative outlook. Steinhardt wrote a letter to President Clinton advocating the pardon of Marc Rich, calling him "my friend...who has been punished enough" (on January 20, 2001, Clinton's last day in office, Rich was in fact pardoned.) Steinhardt was an early promoter of the possible presidential candidacy of Michael Bloomberg in 2008.


Steinhardt is active in political circles ranging from centrist Democratic to neo-conservative, having been a past chairman of the Democratic Leadership Council and a board member of the Foundation for the Defense of Democracies, to which he donated $250,000 in 2002. According to Newsmeat.com, a tracker of publicly available campaign contributions, in the 2000 New York senatorial primary, he donated $1,000 (then the maximum allowable under law) to Republican Rudy Giuliani. When Mayor Giuliani dropped out of the race, Steinhardt contributed an equal amount to Giuliani's successor, Rick Lazio. Steinhardt also gave $1,000 to Lazio in the general election.


In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with David Swensen, Louis Bacon, Steven Cohen, Kenneth Griffin, Paul Tudor Jones, George Soros, Seth Klarman, Jack Nash, James Simons, Alfred Jones, Leon Levy, Julian Roberston, and Bruce Kovner.


In Sebastian Mallaby's 2010 book entitled More Money Than God: Hedge Funds and the Making of a New Elite, he dedicated a chapter to Michael Steinhardt. He described Steinhardt as a "lover of botany and a collector of exotic fauna," living in his retirement "on his country estate an hour's drive north of New York City." Mallaby includes a photo of Steinhard "dancing on his estate opposite... an elegant blue crane . . . that had taken to courting him with a graceful gavotte."


In 2004, Steinhardt came out of retirement to work for Index Development Partners, Inc., now known as WisdomTree Investments. He is chairman of WisdomTree, which offers dividend and earnings-based index funds rather than traditional index funds based on market capitalization. As of December 31, 2012, WisdomTree had $18.3 billion under management and is growing by 10% a month. During the fall of 2007 and 2008, WisdomTree's growth stagnated, as the stock market, especially the financial sector, in which WisdomTree's dividend-based funds are overweighted, tanked, as did WisdomTree's stock. However, in recent months, as the WisdomTree funds tended to outperform their "bogies," asset growth resumed its earlier pace and its stock price appreciated accordingly.


Steinhardt is chairman of the board at The Steinhardt Foundation for Jewish Life and Taglit-Birthright Israel. He also makes public appearances, speaking with young Jewish kids through organizations such as Ezra USA and RAJE. He has been an active philanthropist, donating over $125 million to Jewish causes. He and Charles Bronfman co-founded Taglit-Birthright Israel, which has to date sent over 500,000 young Jews aged 18–26 on a 10-day trip to Israel without charge. In 2009 Steinhardt gave the American Hebrew Academy $5 million. In addition, to help with its fundraising, AHA (American Hebrew Academy) released an advertisement featuring his endorsement.


In a January 2014 article by Bloomberg, he was referred to as "Wall Street's greatest trader." Forbes Magazine reported his net worth at $1.05 billion as of February 2017.


Forbes Magazine reported Steinhardt's net worth at US$1.05 billion as of February 2017. The Steinhardt School of Culture, Education and Human Development at New York University bears his name in recognition of two $10 million donations. In the 1990s, Steinhardt bought and donated Steeple Jason Island and Grand Jason Island in the Falkland Islands to the Wildlife Conservation Society (WCS), along with USD 425,000 for a research station to be named after himself and his wife.


Steinhardt is an art collector, especially of antiquities. Highlights of his Judaica collection are viewable online. A special exhibition, "Ancient Art of the Cyclades", held at the Katonah Museum of Art included some pieces owned by him. He also sits on the American advisory board of Christie's, the art & antiques auction house. In January, 2018, investigators raided his New York apartment in order to seize looted antiquities

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