Category:Louis Bacon
American hedge fund manager  | |||||
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| Date of birth | 25 July 1956 Raleigh | ||||
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Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of Moore Capital Management.
Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400 as of February 2017. Bacon was born in Raleigh, North Carolina on July 25, 1956. His father, Zachary Bacon Jr., founded real estate company Bacon & Co. and later led Prudential Financial’s and Merrill Lynch’s real estate efforts in North Carolina.
In 1989, Bacon used his middle name when he founded Moore Capital Management LLC; in 1990 he founded Moore Global Investments, using $25,000 inherited from his family.
Louis Bacon is the owner of a mysterious $500M private island in the Hamptons called Robins Island, purchased out of bankruptcy court in 1993 for $11 million.
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