Tags: Private | equity | founders | billion

WSJ: For Private Equity Folks, 2013 Was a Very Good Year

By    |   Tuesday, 04 March 2014 09:27 PM

The nine founders of four of the world's biggest private equity firms hauled in a total of more $2.6 billion last year, as the torrid rally in public stock markets helped the firms score major gains on their investments. 

The amount — earned via dividends and other payouts — was more than twice what the nine earned in 2012, The Wall Street Journal reports.

Heading the list is Leon Black, co-founder and chief executive of Apollo Global Management, who garnered $546.3 million, according to a filing made public Monday, the paper reports.

Editor's Note: Secret Wall Street Calendar Uses Strange ‘Crash Alert System,’ Gets 18.79% Annual Returns

Stephen Schwarzman, co-founder of Blackstone Group, came in second after Black at $465.4 million. William Conway of Carlyle Group was third at $346 million, Josh Harris of Apollo was fourth at $276 million and Marc Rowan of Apollo was fifth at $258 million.

Daniel D'Aniello of the Carlyle Group was sixth at $203 million, and David Rubenstein of Carlyle was seventh at $201 million. Cousins George Roberts and Henry Kravis, who co-founded and lead KKR, headed up the rear at $165.6 million and $161.4 million respectively.

Meanwhile, six hedge fund managers did even better than the private-equity folks, earning more than $1 billion each last year, according to Forbes.

Topping the magazine's list was George Soros of family office Soros Fund Management, with $4 billion. He was followed by David Tepper of hedge fund firm Appaloosa Management with $3.5 billion, and Steve Cohen, whose SAC Capital Advisors hedge fund firm will soon transform to a family office, with $2.3 billion.

Editor's Note: Secret Wall Street Calendar Uses Strange ‘Crash Alert System,’ Gets 18.79% Annual Returns

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The nine founders of four of the world's biggest private equity firms hauled in a total of more $2.6 billion last year, as the torrid rally in public stock markets helped the firms score major gains on their investments.
Private,equity,founders,billion
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2014-27-04
Tuesday, 04 March 2014 09:27 PM
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