Jim Simons Birthday Highlights
Birth Name James Harris Simons
Place Of Birth Newton, USA Age 85 years old
Birth Date April 25 1938
Jim Simons Facts
Child Star? no Occupation Mathematician, Hedge Fund Manager, Philanthropist Education & Qualifications Massachusetts Institute of Technology, University of California Net Worth $28,600,000,000
Current Partner Marilyn Hawrys Simons Children Nat Simons, Audrey Simons, Liz Simons, Paul Simons, Nicholas Simons Parents Matthew Simons, Marcia Simons Siblings None
About Jim Simons Jim Simons, or James Harris Simons, is regarded as the ‘Quant King’ and is the founder of Renaissance Technologies (Rentech), one of the most successful hedge funds globally.Jim Simons founded Rentech in 1982 and served as the Chairman and CEO. He is the biggest shareholder and one of the quantitative investors due to his long-term returns from his hedge fund Renaissance Technologies and its Flagship, Medallion fund.The Medallion Fund is a $10 billion black-box strategy open only for Renaissance employees and owners (closed for outsiders). During his 30 year career, the hedge fund has made around $105 billion with a nearly 40% annual return.James Simons is considered the smartest billionaire and a successful investor in the world because of his mathematical genius and his ability to understand the language of mathematics. He has aptly utilized his knowledge and skills to create a huge empire and name in the trading business. In 2010, he retired from his role but is still involved as the non-executive chairman and adviser. Enthusiastic about learning more about him and his accomplishments? Keep reading.Jim Simons Net Worth, Earnings & Spending HabitsWhat is Jim Simons’ net worth?Jim Simons is the 28th richest person in the United States, as estimated by Forbes in 2022. His net worth is a whopping $ 28.6 billion, and his primary source of wealth is from hedge funds. He has been termed a self-made billionaire.How much does Jim Simons earn per year?The Quant Genius, Jim Simons, amassed $3.4 billion in 2021, making him the number one highest-earning hedge fund manager for the fifth time in the last seven years.Height, Age & Physical AttributesHow tall is Jim Simons?Jim Simons is 5 ft 10 in (178 cm) tall. He has brown eyes.How old is Jim Simons?As of 2022, Jim Simons is 83 years old. He was born on April 25, 1938.Childhood And EducationJim Simons, also known as James Harris Simons, was born on April 25, 1938 in a Jewish family to father Matthew Simons and mother Marcia Simons. He was raised in Brookline, Massachusetts. He discovered his love for math from childhood and always aspired to be a mathematician.He obtained his Bachelor’s degree in 1958 from the Massachusetts Institute Of Technology (MIT) with a major in Mathematics. He then registered at the University Of California, Berkeley, for a Ph.D. in Mathematics and was awarded his Ph.D. in 1961 when he was just 23 years old.In 1964, he was recruited by The Institute For Defense Analyses (IDA). He played a significant role in breaking codes during the Vietnam War and saving hundreds of thousands of lives. His cryptography helped the National Security Agency to break the codes. After four years, he left IDA and went to teach Mathematics at MIT and Harvard University.Eventually, he chaired the math department at Stony Brook University, where he developed the physics and mathematics program, and in 1978, he started delving into a career in finance.Family, Romance, And RelationshipsWho is Jim Simons’ partner?He was married to Barbara Bluestein, a computer scientist, whom he later divorced to marry Marilyn Hawrys. Simons is currently married to Marilyn Hawrys Simons and is the father of five children. Paul Simons, Nicholas Simons, Nat Simons, Audrey Simons, and Liz Simons. Unfortunately, he lost his two sons, Paul and Nicholas Simons, in an accident. Nat Simons is also an investor. He resides with his family in Long Island, New York, USA.Career And Professional HighlightsIn 1977, Jim Simons left Stony Brook to start a private hedge fund called Monemetrics, based on commodities. After five years, in 1982, he changed its name to Renaissance Technologies, which manages four funds: Renaissance Institutional Equities Fund, Renaissance Institutional Diversified Global Equity Fund, Renaissance Institutional Diversified Alpha, and the most popular- Medallion Fund (created in 1988).Medallion Fund runs exclusively to benefit the employees of Renaissance Technologies. He uses a strategy that exclusively utilizes quantitative modeling and trading algorithms to invest in global markets and gain market inefficiencies. This hedge fund is all about quantitative investing over various asset classes: commodities, futures, equities, forex, and even crypto.He mostly appoints people outside the finance industry, such as mathematicians, computer scientists, and physicists (no MBAs), who would contribute as a team to build the algorithms and codes that would crack open the global markets and make a vast amount of money.Over the last 28 years, the Medallion Fund has made a profit of $55 billion and about $10 billion more profits than other hedge funds giants like Ray Dalio and George Soros. Unfortunately, it isn’t easy for outsiders to find any trading strategies used by Rentech or Medallion Fund. The famous journalist of Wall Street Journal, Gregory Zuckerman, in his book ‘The Man Who Solved The Market: How Jim Simons Launched The Quant Revolution,’ explained that Simons’ 100% quantitative strategies, data-driven approaches and algorithms, process even the smallest changes and fluctuations in the markets.Best Known For…James Simons is a prominent mathematician of our century. His contribution to topology and geometry and his development of string theory have opened doors for mathematicians and have yielded a positive impact on modern physics. He is also well respected and honored because of the groundwork he has laid that helps all the physicists to take their research even further based on his research and discoveries.Besides, he is also a very famous philanthropist, and he has given around $2.7 billion for philanthropic causes. In 2021, he was ranked as the number one highest-earning hedge fund manager by the Institutional Investor’s Rich List. In the same year, he also appeared at the 28th spot on the Forbes 400 list and 68 on the Forbes top billionaire’s list.Charity WorkJames Simons is a very active philanthropist. He and his second wife, Marilyn Simons, founded the Simons Foundation, a charitable organization in 1994, with a primary purpose to support scientific research in fundamental sciences and mathematics.The Simons Foundation also founded the Simons Foundation Autism Research Initiative (SFARI) in 2005 to focus on all aspects of autism research. Since 2007, this organization has funded around $ 200 million to 150 different investigators in autism research.Simons also founded Math of America, a non-profit organization that improves math education in public schools. He is the primary funder for this organization and has funded around $ 50 million.What awards has Jim Simons won?Jim Simons won the AMS Oswald Veblen Prize in Geometry in 1976 for his outstanding work in Geometry and Topology. He also provided new information on Berger’s classification of the holonomy groups in the Riemannian Manifolds, which later led to multiple discoveries in Math and Physics.In 2008, Simons was inducted into the Institutional Investors Alpha’s Hedge Fund Manager Hall Of Fame, including other reputed people. In 2011, he was listed in the 50 Most Influential Men by Bloomberg Markets Magazine, and in 2018, he was awarded an honorary doctorate by Trinity College, Dublin.Jim Simons’ Hobbies And InterestsSimons is the owner of a motor yacht named Archimedes. He also owns a $70 million Gulfstream G650 private jet.Other Interesting Jim Simons Facts And TriviaIn academic circles, Jim Simons developed the Chern-Simons form along with Shing-Shen Chern and contributed to developing a theoretical framework of String Theory. His knowledge of geometry, topology, and quantum field theory led to the development of this popular theory.Jim Simons has been called the world’s greatest investor by the Wall Street Journal and is America’s richest hedge fund manager.An asteroid 6618 Jimsimons was named after Simons by the International Astronomical Union in 2016 to honor his contributions to mathematics and philanthropy.Simons was inducted into the National Academy Of Sciences in 2014 for his contribution to Math and Finance.Jim Simons is a trustee for the Brookhaven National Laboratory, the Institute for Advanced Study at Rockefeller University, and the Mathematical Research Institute in Berkeley. He is also a board member at the Massachusetts Institute Of Technology Corporation.We would love your help! If you have a photo of Jim Simons, either of them alone or a selfie that you would be happy to share, please send it to [email protected].If you have knowledge or information that you think would help us improve this article, please contact us.
Jim Simons Birthday Highlights
Birth Name James Harris Simons
Place Of Birth Newton, USA Age 85 years old
Birth Date April 25 1938
Jim Simons Facts
Child Star? no Occupation Mathematician, Hedge Fund Manager, Philanthropist Education & Qualifications Massachusetts Institute of Technology, University of California Net Worth $28,600,000,000
Current Partner Marilyn Hawrys Simons Children Nat Simons, Audrey Simons, Liz Simons, Paul Simons, Nicholas Simons Parents Matthew Simons, Marcia Simons Siblings None
Jim Simons, or James Harris Simons, is regarded as the ‘Quant King’ and is the founder of Renaissance Technologies (Rentech), one of the most successful hedge funds globally.
Jim Simons Birthday Highlights
Birth Name James Harris Simons
Place Of Birth Newton, USA Age 85 years old
Birth Date April 25 1938
Jim Simons Birthday Highlights
Birth Name James Harris Simons
Place Of Birth Newton, USA Age 85 years old
Birth Date April 25 1938
Birth Name James Harris Simons
Place Of Birth Newton, USA Age 85 years old
Birth Date April 25 1938
Birth Name James Harris Simons
Place Of Birth Newton, USA Age 85 years old
Birth Date April 25 1938
Jim Simons Facts
Child Star? no Occupation Mathematician, Hedge Fund Manager, Philanthropist Education & Qualifications Massachusetts Institute of Technology, University of California Net Worth $28,600,000,000
Current Partner Marilyn Hawrys Simons Children Nat Simons, Audrey Simons, Liz Simons, Paul Simons, Nicholas Simons Parents Matthew Simons, Marcia Simons Siblings None
Jim Simons Facts
Child Star? no Occupation Mathematician, Hedge Fund Manager, Philanthropist Education & Qualifications Massachusetts Institute of Technology, University of California Net Worth $28,600,000,000
Current Partner Marilyn Hawrys Simons Children Nat Simons, Audrey Simons, Liz Simons, Paul Simons, Nicholas Simons Parents Matthew Simons, Marcia Simons Siblings None
Child Star? no Occupation Mathematician, Hedge Fund Manager, Philanthropist Education & Qualifications Massachusetts Institute of Technology, University of California Net Worth $28,600,000,000
Current Partner Marilyn Hawrys Simons Children Nat Simons, Audrey Simons, Liz Simons, Paul Simons, Nicholas Simons Parents Matthew Simons, Marcia Simons Siblings None
Child Star? no Occupation Mathematician, Hedge Fund Manager, Philanthropist Education & Qualifications Massachusetts Institute of Technology, University of California Net Worth $28,600,000,000
Current Partner Marilyn Hawrys Simons Children Nat Simons, Audrey Simons, Liz Simons, Paul Simons, Nicholas Simons Parents Matthew Simons, Marcia Simons Siblings None
