Who is Robert Mercer?
Robert Mercer is a prominent figure in the finance industry. He was born in July 1946 and is currently the co-CEO of the hedge fund Renaissance Technologies. The company was founded by James Simons, who is the owner of the yacht Archimedes. Mercer, on the other hand, owns the yacht Sea Owl. He is married to Diana Lynne Dean, and they have three daughters: Jennifer Mercer, Rebekah Mercer, and Heather Sue Mercer.
Renaissance Technologies is one of the largest quantitative hedge funds globally. The fund uses mathematical algorithms and computers to identify trades. Renaissance has dozens of math and physics doctorate holders with knowledge of artificial intelligence, making it one of the most sophisticated financial companies in the world.
In 2015, the fund had $65 billion in assets and 290 employees. With such a large asset base, Renaissance Technologies is one of the most successful hedge funds in history.
Earnings per Year
According to Forbes, Robert Mercer earned $125 million in 2016, making him one of the highest-earning hedge fund managers. In 2015, he earned $150 million, and in 2013, he earned $115 million. He also earned $90 million in 2012 and $125 million in 2011. These numbers are impressive and demonstrate his financial acumen.
Mercer’s career began at IBM, where he worked on a speech recognition program. In 1993, he joined Renaissance Technologies. When James Simons retired, Mercer took over as CEO. He has since led the company to new heights, earning him a reputation as a top hedge fund manager.
Robert Mercer has been a significant political donor in the United States. He was the biggest single donor in the 2016 presidential race, donating $14 million to the campaign of Ted Cruz. He also supported Trump super PAC committees.
In total, Mercer has donated more than $35 million to political campaigns, including the Trump campaign. Mercer is also a major source of funds for Steve Bannon’s Breitbart News, to which he gave more than $10 million.
How Much is Robert Mercer Net Worth?
Robert Mercer has a net worth of more than $500 million. According to Bloomberg, his net worth is estimated to be near $1 billion. With such a significant net worth, he is one of the wealthiest hedge fund managers in the world.
Robert Mercer is also an active philanthropist. In 2013, he donated $13.5 million through his Mercer Family Foundation. The foundation is run by his daughter Rebekah Mercer and has $37 million in assets.
The foundation has been giving donations to the National Youth Science Fund, the World Science Festival, the Oregon Institute of Science and Medicine (OISM), the Museum of Natural History in Manhattan, and the Home Depot Foundation. Mercer’s philanthropic efforts demonstrate his commitment to giving back to the community.
Machine Gun Collection
In addition to his work in finance and philanthropy, Robert Mercer has a passion for historical firearms. He has a rare collection of machine guns and other historical firearms, including the weapon Arnold Schwarzenegger used in The Terminator. While this may seem like an unusual hobby, it demonstrates Mercer’s diverse interests and his appreciation for history.
In conclusion, Robert Mercer is a highly successful hedge fund manager, political donor, philanthropist, and collector. With his vast wealth and influence, he has made a significant impact on various industries and causes. His story is one of ambition, dedication, and success.
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