David Einhorn

$1.40 B

Ranked #1650 in World

About David Einhorn

David M. Einhorn, a prominent American investor and hedge fund manager, famed for his role as founder and president of Greenlight Capital, has made a significant mark in the investment world since 1996. Born in New Jersey and a Cornell University graduate, Einhorn's strategic investments, including his notable shorting of Allied Capital and Lehman Brothers, spotlight his keen analysis and market foresight. His book, "Fooling Some of the People All of the Time," details his extensive battle with Allied Capital, showcasing his commitment to exposing financial discrepancies. Beyond finance, Einhorn's personal life reflects a blend of philanthropy, with substantial contributions to the Michael J. Fox Foundation and various charities, and a passion for poker, where his winnings often support charitable causes. Despite controversies, such as a hefty fine for insider trading and legal confrontations with corporate giants like Apple, Einhorn's influence extends to various sectors, including sports and environmental advocacy. As of March 2019, Einhorn's estimated net worth stands at $700 million, underscoring his financial acumen and impact on both Wall Street and society.

Born

November 20, 1968

Age

57 years

Source Of Wealth

Hedge Funds

Industries

Finance And Investments

Citizenship

United States

Residence

Westchester County, New York

Education

Bachelor of Arts/Science, Cornell University

Spouse

Cheryl Strauss (Married: 1993; Divorced: 2017)

Children

David M. Einhorn, an American investor, hedge fund manager, and amateur poker player, was born in New Jersey to a Jewish family. He graduated from Cornell University with a Bachelor of Arts degree in government and was a member of the Sigma Alpha Epsilon fraternity during his time there.

David Einhorn: Family

David M. Einhorn was married to Cheryl Strauss from 1993 to 2017. They have three children together. Einhorn currently resides in Westchester County, New York.

David Einhorn: Career Highlights

In 1996, Einhorn founded Greenlight Capital, a "long-short value-oriented hedge fund," with $900,000 in start-up capital. He gained significant attention for shorting Allied Capital and exposing its accounting irregularities. His six-year battle with Allied Capital was documented in his book, "Fooling Some of the People All of the Time." Einhorn also made notable predictions, such as shorting Lehman Brothers stock in 2007 before its bankruptcy and calling for Steve Ballmer, the CEO of Microsoft, to step down in 2011.

However, Einhorn faced legal challenges when he was fined £7.2 million by the U.K. Financial Services Authority for insider trading. Additionally, his public announcement of a short position in Green Mountain Coffee Roasters in 2011 led to a significant drop in its share price. In 2013, he filed a lawsuit against Apple Inc. to pressure the company to issue dividend-paying perpetual preferred stock. Furthermore, Einhorn strongly criticized the practice of hydraulic fracturing or "fracking" in 2015.

David Einhorn: Companies

David M. Einhorn is the founder and president of Greenlight Capital, a hedge fund management company.

David Einhorn: Major Achievements

Einhorn's major achievements include successfully shorting Allied Capital and exposing its accounting irregularities, as well as accurately predicting the bankruptcy of Lehman Brothers. He is also recognized for his philanthropic efforts, particularly as a major contributor and board member of the Michael J. Fox Foundation.

David Einhorn: Awards & Achievements

Einhorn's accomplishments have been recognized through various awards and achievements.

He finished 18th in the 2006 World Series of Poker Main Event and donated his winnings from the 2012 World Series of Poker Big One for One Drop Tournament to City Year. Additionally, he final tabled the $50,000 No Limit Hold'em High Roller at the 2019 World Series of Poker.

David Einhorn: Personal Life & Legacy

Einhorn is known for his personal interests and contributions beyond his investment career. He is a Democrat who has contributed to Democratic political campaigns. Despite his wealth, he drives a Honda Odyssey. Einhorn is also the Founding Master Player of the Portfolios with Purpose virtual stock trading contest.

David Einhorn: Trivia

David M. Einhorn's net worth is estimated to be around $700 million as of March 2019. He is actively involved in philanthropy, serving as a major contributor and board member of the Michael J. Fox Foundation. Einhorn has also donated his poker winnings to various charities. Additionally, Greenlight Capital donated profits from shorting Allied Capital stock to charitable causes.

In 2011, Einhorn agreed to buy a minority share of the New York Mets, but negotiations ended later that year. He is also an accomplished poker player, having finished 18th in the 2006 World Series of Poker Main Event and final tabled the $50,000 No Limit Hold'em High Roller at the 2019 World Series of Poker.

Einhorn's book, "Fooling Some of the People All of the Time," provides insights into his investment strategies and experiences during his six-year fight with Allied Capital.

Wealth History

Timeline

1968

David M. Einhorn was born in New Jersey to a Jewish family.

1990

Graduated from Cornell University with a B.A. in government.

1996

Started Greenlight Capital with $900,000 in start-up capital.

2002

Gained attention for shorting Allied Capital and exposing its accounting irregularities.

2010

Published a book, "Fooling Some of the People All of the Time," about his six-year fight with Allied Capital.

2007

Shorted Lehman Brothers stock, predicting its bankruptcy.

2011

Called for Steve Ballmer, CEO of Microsoft, to step down.

2011

Fined £7.2 million by the U.K. Financial Services Authority for insider trading.

2011

Publicly announced his short position in Green Mountain Coffee Roasters, leading to a significant drop in its share price.

2013

Filed a lawsuit against Apple Inc. to pressure the company to issue dividend-paying perpetual preferred stock.

2015

Sharply criticized the practice of hydraulic fracturing or "fracking".

2019

Final tabled the $50,000 No Limit Hold'em High Roller at the 2019 World Series of Poker.

David Einhorn : FAQs

What is David Einhorn's net worth?

As of 2018, David Einhorn's net worth was $1.40 billion.

What are David Einhorn's main sources of wealth?

David Einhorn's main source of income comes from Hedge Funds.

In which industry does David Einhorn primarily operate?

David Einhorn is primarily involved in the Finance And Investments industry.

What is David Einhorn educational background?

David Einhorn holds a Bachelor of Arts/Science from Cornell University.

How old is David Einhorn?

David Einhorn is 57 years old.

How many children does David Einhorn have?

David Einhorn has 3 children.

Who is David M. Einhorn and what is he known for?

David M. Einhorn is an American investor, hedge fund manager, and amateur poker player, known as the founder and president of Greenlight Capital, a long-short value-oriented hedge fund.

What are some key milestones in David Einhorn's investment career?

Key milestones in David Einhorn's investment career include starting Greenlight Capital in 1996, exposing Allied Capital's accounting irregularities, predicting Lehman Brothers' bankruptcy, advocating for Microsoft CEO Steve Ballmer's resignation, and engaging in notable short selling activities against companies like Green Mountain Coffee Roasters.

How has David Einhorn combined his investment success with philanthropy?

David Einhorn has combined his investment success with philanthropy by being a major contributor to the Michael J. Fox Foundation, donating his poker winnings to various charities, and having Greenlight Capital donate profits from shorting Allied Capital stock to charities.

What is David Einhorn's connection to poker and how has he utilized his winnings?

David Einhorn is an amateur poker player who has participated in various World Series of Poker events, finishing 18th in the 2006 Main Event and donating his winnings from the 2012 Big One for One Drop Tournament to City Year.