David Tepper:  King of Vulture Fund

Youtube link is 
https://www.youtube.com/watch?v=NfQTKbTnVs4

Age 59   Net Worth $11.0 Billioniare
Citizen  United States    Born   Pittsburgh, Pennsylvania
Self-made in Hedge Fund   
Education:   BA  University of Pittsburgh,  MBA Carnegie Mellon University

He specializes in Distressed Debt,  more commonly known as Vulture Funds

   

Since 1993, he averages about 40% annual return for himself,
and 30% return for his client

He founded Appaloosa Fund in 1993 

In 2009, he made $4 Billion profit by investing in the Financials after the subprime mortgage meltdown

His best year was 2003, when he returned 148% by purchasing debts Enron, Worldcom and Conseco Marconi Corp., and Williams Co 

World's Oldest Self-made Billionaire at age 98

Chang Yun Chung (Teo Woon Tiong) 
He became Billionaire at age 97. 

Here is the link to my Youtube Video, please click
https://www.youtube.com/watch?v=l3_Z7DuYjhY

Some Amazing facts:  He started his business at age 49.

In 1967, he founded Pacific International Lines (PIL) in Singapore

 That was 50 year ago.

 

He started with 2 second-hand Dutch ships be bought.  

Now, he has a flleet of 150 container ships

He was born in the city of Xiamen in 1918.












When he was 26 (1944) , he was arrested by  Japanese Secret Police for aiding the resistance fighters with food and medicine.  He was tortured and spent a year in prison in Malacca, Malaya

Now his son SS Teo (picture below) is running his shipping empire.

This is his shipping headquarter in Singapore

 

This is Jim Simons, the highest earning hedge fund manger in the world in 2016.  He shared the honor with an Englishman Michael Platt.

In 2016, Jim Simons earned $1.5B

Here is the Link of my video on Youtube
https://www.youtube.com/watch?v=4ruD5Q-PMMo

He was born to Jewish Family in Newton, Massachusetts in 1938. 

He is a world class mathematician,   This is picture of Jim Simon with Professor Chern.  Together they published the Chern-Simon Form.

As one of top hedge fund managers in the world (He is second richest hedge fund manger), only George Soros is richer.  Here is picture of George Soros and Jim Simon while they testified in US Congress













This is picture of Jim Simons in his youth days.

In 1982, at age 44, he co-founded Renaissance Technologies, a hedge fund company just 1.5 miles from State University of New York at Stony Brook, where he was Chairman of the Mathematics Department for 10 years.

Today, Renaissance Technologies occupies a 50 acres campus and employs 300 people, about one third have PhDs in the Sciences, Statistics and Computer.

My latest video 0061   Bill Gates and the Evil Empire 

Here is the URL 
https://www.youtube.com/watch?v=xmi3FnHZbsI


 Here is picture of Bill Gates.  For the past 25 years, he has been the Richest Man in the World.

 

 It is now public knowledge that Bill Gates and Microsoft had killed numerous startups. 

 

The most famous company killed by Bill Gates is Netscape

This leads to lawsuit from DOJ (Department of Justice) and Bill Gates agreed to change his practice, in addition to paying $750 million fines in 2001. 

 Microsoft in 1995, almost killed IBM, the mainframe monopoly.

Microsoft almost killed Apple Computer

 Microsoft did kill Digital or DEC

Microsoft did kill Lotus 123














 Microsoft did kill Ashton Tate











Microsoft did kill Borland