Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 333 Izzy Englander $6.27B

Random fact: One of the five highest-earning hedge fund managers in 2015.


Englander is the founder, chief executive officer and owner of Millennium Management, a multi-strategy hedge fund. The New York-based firm has about $43.9 billion in assets under management as of June 2020. It aims for daily incremental returns and invests across of a range of mainly liquid asset classes.

As of :
Last change -$2.60M ( -0.0%)
YTD change +$678M ( +12.1%)
Industry Finance
Biggest asset Hedge fund assets
Citizenship United States
Age 71
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Izzy Englander's net worth of $6.27B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Englander's fortune derives from Millennium Management, a hedge fund with $43.9 billion in assets under management as of June 30, 2020, according to the company's website.

The value of Englander's hedge fund assets are based on a March 2020 Form ADV that says insider's control about 12% of Millennium's assets, and reports that it rose about 10% through the first six months of the year.

The business is valued against the price-to-assets under management of three publicly traded hedge funds: Sculptor Capital Management, Janus Henderson and Man Group. Englander's assets are deducted from Millennium's AUM for valuation purposes and a 25% key-man risk is applied.

Englander declined to comment on his net worth through an e-mail from spokesman Joe Snodgrass.


Birthdate: 9/30/1948
Family: Married, No children
Education: New York University, New York University

Englander was born to Orthodox Jewish parents in Brooklyn, New York, in 1948. Growing up, he attended yeshiva, a traditional religious study school, before earning a degree in finance from New York University in 1970.

After graduation, Englander got a trading job at Kaufmann Alsberg & Co. while enrolled in NYU's MBA program. He liked the job so much he decided to drop out of graduate school, according to a 2005 Fortune profile.

Englander became a floor broker at the American Stock Exchange in 1976. There he met fellow trader John Mulheren, and the pair formed a firm called Jamie Securities in 1984. After Mulheren was implicated in an insider trading plot, Englander set out on his own. He founded Millennium Partners in 1989 with $35 million in capital, according to the hedge fund's website. Today, the firm manages more than $40 billion in assets under the name Millennium Management.

Millennium came under investigation by the Securities and Exchange Commission for its method of trading mutual fund shares in 2003. It agreed to a $180 million settlement in 2005. Englander was personally fined $30 million, though he was not forced to resign as head of the fund, according to the New York Times in a Dec. 2, 2005 story. The firm did not admit wrongdoing as a term of the agreement.

The billionaire lives in New York with his family.

  • 1948 Englander is born in Brooklyn.
  • 1970 Earns a finance degree at New York University.
  • 1976 Takes a job as a floor broker at the American Stock Exchange.
  • 1984 Forms Jamie Securities with John Mulheren.
  • 1989 Founds Millennium Partners with $35 million.
  • 2003 Millennium comes under investigation by the SEC.
  • 2005 Firm agrees to a $180 million settlement.
  • 2015 Is one of the five highest-paid hedge fund managers.