Michael Steinhardt Bio | Wiki
Michael Steinhardt ( Full Name: Michael H. Steinhardt ) is a popular American billionaire hedge fund manager and philanthropist who is the founder of The Steinhardt Foundation for Jewish Life. He was an art collector, especially of antiquities. In 1967, Michael created a hedge fund, Steinhardt Partners which he ran until he quit it in 1995. Following a hiatus from work, Michael went back to head WisdomTree Investments in 2004.
In January 2014 Michael was on the cover of Forbes Magazine, regarded as “Wall Street’s greatest trader.” Forbes Magazine announced Michael’s net worth at $1.1 billion as of October 2018. He began his profession working for the mutual fund Calvin Bullock and the brokerage firm Loeb, Rhoades & Co. (the precursor to Shearson Loeb Rhoades). Michael’s father was his first investment customer, giving his son envelopes stuffed with cash to put in the stock market giving him seed money to start his investment career.
Serving as an analyst at Loeb, Rhoades & Co., Michael followed the conglomerate industry, which included companies like Automatic Sprinkler (now defunct), City Investing (also defunct), and the best-known conglomerate of its day, Gulf+Western (now part of Viacom as well as Viacom’s spinoff CBS). In 1967, using income from his investments, Michael created the hedge fund Steinhardt, Fine, and Berkowitz (later Steinhardt Partners) alongside co-investors William Salomon, retired managing partner of Salomon Brothers, and Jack Nash, creator of Odyssey Partners. Michael’s fund lost 1/3 of its value during the 1994 bond market crisis.
Michael Steinhardt Age
Michael was born on December 7, 1940, in New York City, in the United States. He is 83 years old. Michael celebrates his birthday on December 7, every year.
Michael Steinhardt Height
He is a man of above-average stature. Michael stands at a height of 5 ft 9 in ( Approx. 1.75m ).
Michael Steinhardt Family
He was born in New York to a high-stakes gambler with ties to the Gambino crime family. He is the son of Sol Frank Steinhardt. Michael holds an American nationality. In his 2001 book, No Bull: My Life in and Out of Markets, Michael addressed for the first time the question of his dad who also went by the moniker “Red McGee.” “Red
Michael Steinhardt Wife
Michael is married to his wife Judy Steinhardt the chairwoman of New York University’s Institute of Fine Arts. The two met in 1967 in a car pool he organized. Michael and Judy have three kids David, Daniel, and Sara. The couple founded The Judy and Michael Steinhardt Foundation.
Michael Steinhardt Daughter
Michael’s daughter, Sara Berman, a retired journalist and parenting writer for The New York Sun, works as the president of the Hebrew Language Academy Charter School in Brooklyn. Sara is married to Mark Bloom and has six children from her first marriage.
Michael Steinhardt Education
He received a bachelor’s degree at the Wharton School of the Campus of Pennsylvania, graduating in 1960.
Michael Steinhardt Antiquities | Art | Art Collection | Collection
He was an art collector, especially of antiquities. A special exhibition, “Ancient Art of the Cyclades”, done at the Katonah Museum of Art included some pieces owned by Michael. Michael sat on the American advisory board of Christie’s, the art & antiques auction house. In December 2021, Michael waived 180 stolen antiquities worth $70 million and got a lifetime forbid on acquiring antiquities.
Christie’s had to remove a prehistoric sculpture from Sardinia in November 2014, valued at $800,000-$1.2m, put on auction by Michael and formerly put on sale by the notorious and convicted antiquities dealer Giacomo Medici. In January 2018, investigators raided Michael’s New York City home and seized a large amount of looted antiquities that had been illegally purchased by Michael.
Michael Steinhardt House | Estate
He resides in his house in Bedford Hills, New York (NY). Michael also sold the expansive penthouse atop 1158 Fifth Avenue to real estate investor Greg Olafson for $11.4 million, records show.
Michael Steinhardt Zoo
He visited animals in the private zoo at his home in Mount Kisco, on March 15, 2013.
Michael Steinhardt Political Affiliation
He is the previous chairman of the Democratic Leadership Council and a board member of the Foundation for Defense of Democracies, to which he gave out $250,000 in 2002.
Michael Steinhardt Iupui
He is the best finance professor at IUPUI and has so much to give.
Michael Steinhardt No Bull
In 2001, Michael released an autobiography: No Bull: My Life in and Out of Markets. In this book, Michael addressed for the first time the question of his dad, Sol Frank, who also went by the moniker “Red McGee.” “Red” Michael was convicted in 1958 on two counts of buying and selling stolen jewelry and was sentenced to take two 5-to-10-year terms, to run consecutively, in the New York State prison system.
In No Bull, Michael describes how his dad bankrolled his early forays into the stock market by offering him envelopes stuffed with $10,000 in cash and sometimes much more than that. No Bull also suggests that Michael’s education at the Wharton School may have been paid for with illicit funds.
Michael Steinhardt New York Magazine
As for the New York Magazine, Michael’s wife works as the chairwoman of New York University’s Institute of Fine Arts as well as of the American Friends of the Israel Museum.
Michael Steinhardt Net Worth
He gets his wealth from his work as a billionaire hedge fund manager and philanthropist who is the founder of his Foundation for Jewish Life. Therefore, Michael has accumulated a decent fortune over the years. Michael’s net worth is $1.2 billion.
How Old Is Michael Steinhardt
Michael is an 83-year-old who was born on December 7, 1940, in New York City, in the United States. Michael celebrates his birthday on December 7, every year.
Is Michael Steinhardt Married
Yes, he married the chairwoman of New York University’s Institute of Fine Arts named Judy. The two have three kids David, Daniel, and Sara. Their daughter, Sara Berman, a retired journalist and parenting writer for The New York Sun, works as the president of the Hebrew Language Academy Charter School in Brooklyn.
Who Is Michael Steinhardt
He is an American billionaire hedge fund manager and philanthropist who works as the founder of The Steinhardt Foundation for Jewish Life. He was an art collector, especially of antiquities. Forbes Magazine announced Michael’s net worth at $1.1 billion as of October 2018. In 2008, Michael was inducted into Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame together with Julian Roberston, Kenneth Griffin, Steven A. Cohen, and others
Michael Steinhardt Social Media Account
Twitter – @MrSteinhardt