Bloomberg Billionaires Index

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

# 171 Michael Platt $11.4B

Random fact: Won a car decorated by artist Damien Hirst at a 2009 charity auction.


Platt runs BlueCrest Capital Management, a private investment company that focuses on rates, emerging markets and equity trades. The Jersey-based firm had returns of 50% in 2019, 95% in 2020, 30% in 2021 and 153% in 2022. It returned client money in 2016 to focus on managing the wealth of Platt, his partners and staff.

As of :
Last change No change
YTD change +$3.08B ( +37.1%)
Biggest asset Cash
Country / Region United Kingdom
Age 54
Industry Finance
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Michael Platt's net worth of $11.4B 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:

Platt is a co-founder of BlueCrest Capital Management, the British-American hedge fund that at its peak managed about $37 billion, but now invests money solely for its partners and employees.

BlueCrest gained almost 50% in 2016 - the first year of trading just Platt and his partners’ money, according to a March 13, 2020 report by Bloomberg News. The fund was up about 54% in 2017, 25% in 2018, 50% in 2019, 95% in 2020, 30% in 2021, and 153% in 2022, according to Bloomberg.

The billionaire was credited with a 50% share of Bluecrest assets under management of $2.5 billion at the end of 2015, according to a December 2015 report by Bloomberg News, when the firm returned the funds of external investors.

Bluecrest managed $3.9 billion at the beginning of 2022. In the intervening years, Platt is calculated to have taken $450 million in investing profits out of Bluecrest annually, except in 2023, when he is calculated to have withdrawn $2 billion in profits after the firm returned 153% the previous year. Platt's cash balance is comprised mainly of these profits, adjusted to account for market returns and taxes.

Ed Orlebar, a spokesman for BlueCrest, declined to comment on Platt's net worth.


Family: Unknown, No children

Michael Edward Platt was born on March 18, 1968 in Preston, England, the son of a university professor, according to a 2010 Bloomberg Markets magazine article. He began trading stocks while at school before studying at the London School of Economics. He graduated and joined JPMorgan in New York in 1991, and worked on the bank’s derivatives desk, trading interest-rate swaps. Platt said his group was making at least $500 million a year for JPMorgan by the mid-1990s, according to the Bloomberg Markets profile.

He rose to become a managing director of proprietary trading and left to found BlueCrest with fellow trader William Reeves, which they started in London in November 2000. The company initially focused on interest rate bets and its BlueTrend algorithm fund was established in 2004.

At the end of 2012, BlueCrest was managing more than $34 billion in total, which had fallen to $27 billion by September 2014, amid underperformance, clients pulling money, and a February 2014 report from advisor Albourne Partners that highlighted the existence of an internal fund run for select employees. The company announced on Sept. 26, 2014, that Leda Braga, who runs BlueTrend, would be leaving Bluecrest to set up her own computer-driven fund. In December 2015, Bluecrest said it would return all client money to focus on managing the wealth of Platt, Bluecrest partners and employees.

A resident of Geneva, Platt spent five million pounds ($10 million) establishing a London art gallery in 2007.

  • 1968 Michael Edward Platt is born in Preston, Lancashire.
  • 2000 Leaves JPMorgan to co-found BlueCrest in London.
  • 2004 Algorithm trading fund BlueTrend is introduced.
  • 2010 Relocates BlueCrest to Geneva from London.
  • 2013 Diversifies into equity trading as performance at other funds dips.
  • 2014 Internal fund run separately for benefit of partners disclosed.
  • 2014 Announces quantitative trading division being spun off into separate company.
  • 2015 Bluecrest announces returning all client money.