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Who is the best-paid man in the world?

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Who is the best-paid person in the world?

Is it overpaid footballer Cristiano Ronaldo?

Hollywood heartthrob Zac Efron?

Goldman Sachs’ CEO Lloyd Blankfein?

Wrong, wrong, wrong!

Meet 53-year-old hedge fund manager David Tepper, of Appaloosa Management. In 2009, David Tepper earnt $4bn, according to the BBC.

I’m not sure whether it’s awe-inspiring or sickening, but it’s a HUGE amount of cash to earn in one year. Four billion dollars a year works out as $11m per day, or $1.2m per hour (based on a 9-hour working day). (Of course, most of this is in his bonus, not salary.)

The BBC piece is eye-opening – £4bn could buy you Montenegro (whose entire economic output is the same as David Tepper’s earnings in 2009); or all of Marvel Comics (including the Spiderman, Iron Man and X-Men franchises, which Disney bought for $4bn in 2009); or the World Cup (Qatar is spending $4bn on building nine new stadiums for the 2022 World Cup); or much, much more (obviously).

Hedge fund rich list 2009

Hedge fund manager Hedge fund group Earnings

Source: AR Magazine

David Tepper

Appaloosa Management

$4bn (£2.5bn)

George Soros

Soros Fund Management

$3.3bn

James Simons

Renaissance Technologies

$2.5bn

John Paulson

Paulson & Co

$2.3bn

Steve Cohen

SAC Capital Advisers

$1.4bn

Carl Icahn

Icahn Capital

$1.3bn

Edward Lampert

ESL Investments

$1.3bn

Ken Griffin

Citadel Investment Group

$900m

John Arnold

Centaurus Advisors

$900m

Philip Falcone

Harbinger Capital Partners

$825m



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