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David Einhorn Net Worth

How rich is David Einhorn?

David Einhorn net worth:
$1.5 Billion

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David Einhorn net worth & biography:

He began Greenlight Capital in 1996 with $900,000. Greenlight has created about a 20% annualized yield for investors. Einhorn is in addition the Chairman of Greenlight Capital Re, Ltd, a Cayman Islands-based reinsurance business and is a significant investor.

He’s also a critic of present investment banking practices, saying they’re biased to optimize employee compensation. He mentions a statistic that investment banks pay out 50 percent of sales as damages, and higher leverage means more sales, making this version fundamentally dangerous.

Einhorn was a manager at New Century Financial Corp., a leading subprime mortgage lender, between March 2006 and March 2007. Greenlight Capital held 6.3% of the firm’s stock at the time he stepped down from the board. A class action lawsuit was brought against 13 former managers and senior management of New Century. The suit failed to allege any particular wrongdoing by Einhorn and was settled in 2010 without any admission of liability on Einhorn’s section.He could be also a founding Expert Player of the Portfolios with Intent virtual stock trading competition.

David Einhorn Net Worth $1.2 Billion Dollars

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