JAMES SIMONS • Net Worth $29 billion • House • Yacht • Private Jet • Renaissance Technologies

Name:James Simons
Net Worth:$29 billion
Source of Wealth:Renaissance Technologies
Born:April 25, 1938
Wife:Marilyn Hawrys Simons
Children:Nat Simons, Audrey Simons, Nicholas Simons, Liz Simons, Paul Simons
Residence:Long Island, NY, USA
Private Jet:Gulfstream G650 (N773MJ)

James Simons, born in 1938, is a renowned mathematician and founder of the hedge fund management company Renaissance Technologies, established in 1982. He is married to Marilyn, and together they have five children.

Chern-Simons Theory

Simons is the co-founder of the Chern-Simons Theory, a three-dimensional topological quantum field theory that describes the topological order in fractional quantum Hall effect states. This complex theory showcases Simons’ exceptional talent and expertise in mathematics.

Academic Career

He has taught mathematics at prestigious institutions such as the Massachusetts Institute of Technology (MIT) and Harvard University. Additionally, Simons was a member of the Institute for Advanced Study, further solidifying his reputation as a leading mathematician.

Political Involvement

Simons is also a contributor to the Democratic Party, having donated more than US$ 30 million to federal campaigns over the years.

Renaissance Technologies

Renaissance Technologies has over $80 billion of assets under management, with its three computer-driven hedge funds realizing double-digit growth every year. The firm’s most successful fund, the Medallion Fund, manages US$ 5 billion and boasts an average annual return of 35%. Renaissance Technologies employs complex mathematical models to analyze and execute trades, a testament to Simons’ mathematical prowess.

Philanthropic Endeavors

As an active philanthropist, Jim Simons founded the Simons Foundation, a charitable organization that supports projects related to education, health, and scientific research. He also founded Math for America, a non-profit organization with a mission to significantly improve math education in public schools.
Jim and Marilyn Simons donated US$ 200 million to Stony Brook University of New York, one of the top ten gifts to public higher education in the United States. Simons chaired the mathematics department at the State University of New York at Stony Brook.

James Simons’ Net Worth

Algorithms and mathematical expertise have made James Simons a Wall Street billionaire, with an estimated net worth of $29 billion. In 2017 alone, he earned US$ 1.7 billion, making him the top earner on the Institutional Investor’s annual Rich List.

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James Simons

James Simons

James and Marylin Simons

Marilyn Simons

Dr. Marilyn Hawrys Simons and her husband are the co-founders of the Simons Foundation, a charitable organization funding basic research and educational programs in mathematics, physical, and life sciences. Marilyn Simons received a B.A and Ph.D. in Economics from SUNY, Stony Brook. She has volunteered in the non-profit sector for the last twenty years. Her primary focus is education.  She is President of the Board of Learning Spring Elementary School, a school for children with autistic spectrum disorders. She also sits on the board of the East Harlem Tutorial Program, an after-school teaching program in East Harlem.

10 Facts about James Harris Simons you probably didn’t know

  1. He started as a mathematics professor.
  2. He is the co-founder of the Chern Simons Quantum Theory.
  3. In 1964 he worked with the National Security Agency to break codes.
  4. His hedge funds use mathematical models to execute trades.
  5. They realize double-digit growth every year.
  6. His net worth is now $29 billion, earning US$ 1.7 billion in 2017 alone.
  7. His Simons Foundation supports education and health projects.
  8. He donated US$ 200 million to the Stony Brook University of New York.
  9. His yacht is named after the Greek mathematician Archimedes.
  10. He also owns a US$ 70 million Gulfstream G650 private jet (N773MJ).








Simons Residence