Michael Steinhardt

$1.56 B

Ranked #2499 in World

About Michael Steinhardt

Michael H. Steinhardt, born on December 7, 1940, in the United States, rose to prominence in the finance world after founding Steinhardt Partners in 1967, alongside William Salomon and Jack Nash, delivering an impressive annualized return of 24.5% until 1995. A Wharton School graduate, Steinhardt's career also involved a tenure with WisdomTree Investments as chairman, contributing to the firm's success in dividend and earnings-based index funds. Despite controversies including SEC investigations and sexual harassment allegations, Steinhardt has made significant philanthropic contributions, especially in Jewish education and supporting the State of Israel. Furthermore, his passion for art led to a significant legal settlement in 2021, concerning his private antiquities collection. His net worth was estimated at $1.1 billion by Forbes in October 2018, showcasing a complex legacy of financial acumen and controversies.

Born

December 07, 1940 in New York City, U.S.

Age

85 years

Source Of Wealth

Hedge Funds

Industries

Finance & Investments

Citizenship

United States

Residence

Mount Kisco, New York

Education

University of Pennsylvania

Spouse

Judy Steinhardt

Children

3, including Sara Berman

Michael H. Steinhardt was born on December 7, 1940, in the United States. He displayed a keen interest in finance from an early age. Steinhardt earned a bachelor's degree from the prestigious Wharton School of the University of Pennsylvania in 1960, laying the foundation for his future career in the financial industry.

Michael Steinhardt: Family

Steinhardt comes from a family with a history in business. His father, Sol Frank Steinhardt, was involved in the jewelry trade and faced legal troubles related to stolen jewelry. Despite this, Michael Steinhardt has carved his own path to success in the financial world.

Michael Steinhardt: Career Highlights

Steinhardt's career took off when he co-founded the hedge fund Steinhardt Partners in 1967, partnering with William Salomon and Jack Nash. The fund achieved remarkable success, delivering an impressive annualized return of 24.5% for clients between 1967 and 1995. However, Steinhardt faced investigations for alleged market manipulation in the early 1990s, leading to a settlement with the U.S. Securities and Exchange Commission and the Department of Justice. Despite these challenges, Steinhardt closed Steinhardt Partners in 1995 after a highly successful run.

Michael Steinhardt: Companies

Steinhardt's primary business venture was Steinhardt Partners, the hedge fund he co-founded and managed. After retiring from active hedge fund management, he came out of retirement in 2004 to work for Index Development Partners, Inc., which later became known as WisdomTree Investments. Steinhardt currently serves as the chairman of WisdomTree, which offers dividend and earnings-based index funds.

Michael Steinhardt: Major Achievements

Steinhardt's major achievements include his successful track record in the financial industry, particularly his impressive returns at Steinhardt Partners. He is also recognized for his philanthropic efforts, including co-founding Taglit-Birthright Israel and establishing a network of Hebrew-language charter schools. Steinhardt's contributions to Jewish causes and his support for the State of Israel have earned him recognition and appreciation.

Michael Steinhardt: Awards & Achievements

Steinhardt's accomplishments have been widely recognized.

In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame, a prestigious honor in the financial industry. His expertise and success have also led to features in notable books, such as "Market Wizards" and "More Money Than God."

Michael Steinhardt: Personal Life & Legacy

Steinhardt is married to Judy Steinhardt, who is actively involved in various cultural and educational institutions. They have three children, including Sara Berman, who serves as the president of the Hebrew Language Academy Charter School in Brooklyn. Steinhardt's personal life reflects his commitment to education and cultural enrichment.

Michael Steinhardt: Trivia

Steinhardt's father, Sol Frank Steinhardt, was convicted of buying and selling stolen jewelry in 1958, highlighting the contrast between Michael Steinhardt's successful career and his father's legal troubles. Additionally, Steinhardt's private collection of antiquities has been a subject of controversy, with the recent agreement to relinquish stolen artifacts worth $70 million and a permanent ban on acquiring new pieces.

Wealth History

Timeline

December 7, 1940

Michael H. Steinhardt is born in the United States.

1960

Steinhardt earns a bachelor's degree from the Wharton School of the University of Pennsylvania.

1967

Steinhardt founds the hedge fund Steinhardt Partners with co-investors William Salomon and Jack Nash.

1967-1995

Steinhardt Partners achieves an annualized return of 24.5% for clients.

Early 1990s

Steinhardt faces investigations for alleged market manipulation.

1995

Steinhardt closes Steinhardt Partners after a successful run.

2001

Steinhardt co-founds the New York Sun, a niche New York City newspaper.

2004

Steinhardt comes out of retirement to work for Index Development Partners, Inc., now known as WisdomTree Investments.

2008

Steinhardt is inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame.

2018

Steinhardt faces allegations of inappropriate sexual remarks toward female employees.

2018

Forbes estimates Steinhardt's net worth at $1.1 billion.

2021

Steinhardt reaches an agreement with the New York County District Attorney to relinquish 180 stolen antiquities worth $70 million.

Michael Steinhardt : FAQs

What is Michael Steinhardt's current net worth?

Michael Steinhardt's current net worth is $1.56 billion.

What is Michael Steinhardt's current global rank among billionaires?

Michael Steinhardt holds the 2499th position globally among billionaires.

What is Michael Steinhardt's current ranking within the United States?

Michael Steinhardt holds the 778th position in United States.

What was the change in Michael Steinhardt's net worth compared to the previous year?

Michael Steinhardt's net worth increased by 201.19 million dollars compared to the previous year 2025, when his net worth was 1.36 billion dollars.

What are Michael Steinhardt's main sources of wealth?

Michael Steinhardt's main source of income comes from Hedge Funds.

In which industry does Michael Steinhardt primarily operate?

Michael Steinhardt is primarily involved in the Finance & Investments industry.

What is Michael Steinhardt educational background?

Michael Steinhardt holds a University of Pennsylvania.

How old is Michael Steinhardt?

Michael Steinhardt is 85 years old.

What is Michael H. Steinhardt known for in his professional career?

Michael H. Steinhardt is renowned for founding the hedge fund Steinhardt Partners in 1967, where he achieved an annualized return of 24.5% for clients until 1995 and faced investigations for alleged market manipulation before closing the fund.

How did Michael H. Steinhardt contribute to the field of investments after retiring?

After retiring, Michael H. Steinhardt came out of retirement in 2004 to work for Index Development Partners, Inc., which is now known as WisdomTree Investments, serving as chairman and offering dividend and earnings-based index funds.

What are some key philanthropic efforts by Michael H. Steinhardt?

Michael H. Steinhardt has donated to various Jewish causes, including co-founding Taglit-Birthright Israel, establishing a network of Hebrew-language charter schools, and supporting the State of Israel.

What controversy surrounds Michael H. Steinhardt's art collection?

In 2021, Michael H. Steinhardt faced controversy when he reached an agreement with the New York County District Attorney to relinquish 180 stolen antiquities worth $70 million from his collection and was permanently banned from acquiring new pieces.

What steps were taken in response to allegations against Michael H. Steinhardt?

In response to allegations of inappropriate sexual remarks toward female employees in 2018, Hillel International investigated the claims and removed Michael H. Steinhardt's name from their board of governors.