| Name: | Donald Sussman |
| Net Worth: | $ 500 million |
| Source of Wealth: | Paloma Fund |
| Born: | June 8, 1946 |
| Age: | |
| Country: | USA |
| Wife: | Chellie Pingree (Divorced) |
| Children: | Emily Tisch Sussman, Carolyn Tisch Sussman |
| Residence: | Fort Lauderdale, Florida |
| Private Jet: | Dassault Falcon 2000 EX (N888CE) |
| Yacht: | Sheherazade |
Donald Sussman is a successful and pioneering hedge fund manager and the founder of Paloma Fund and New China Capital Management. He was born in 1946. He was married twice. He has 2 daughters (Emily and Carolyn).
Paloma Fund is a hedge fund, with more than US$ 3 billion in assets under management. Paloma is known for backing emerging hedge funds, which then exclusively work for Paloma.
The long term investment return for Paloma is 13% per year. In 2010 Paloma received US$200 million in US taxpayer funds as part of the AIG bailout.
We estimated his net worth at $500 million. His assets include the hedge fund Paloma Partners, a large yacht, a business jet, and a large real estate portfolio.
Donald Sussman is an active philanthropist and political donor. In 2016 he gave US$ 40 million to super PACs supporting Hillary Clinton and other democrats. In 2010 he donated US$ 12 million to Skidmore College.
https://en.wikipedia.org/wiki/DonaldSussman
https://www.forbes.com/pictures/donaldsussman
Please mention SuperYachtFan when using this information.
Sussman lives in a large house in Fort Lauderdale, with direct access to the Intercoastal Waterway.
In total, he spent US$ 42 million on three adjoining lots on Harborage Isle Drive in Fort Lauderdale. It is now considered to be one of the most expensive houses in the area.
His yacht is berthed directly behind the mansion.
Harborage Isle Drive is a street located in Fort Lauderdale, Florida, United States. It is situated on an island within the Middle River, which is a part of the Intracoastal Waterway. The street features luxury waterfront homes, many of which have private docks and easy access to the ocean. The Harborage Isle community also offers amenities such as tennis courts, a fitness center, and a clubhouse.
He was the owner of the yacht Sheherazade. The yacht was sold in 2021 and is now named Bacchus. Before, he owned the yacht Alice’s Restaurant. His yachts are berthed behind his mansion in Florida.
Do you know more about his current yacht? Please do send us a message.
The yacht BACCHUS is a 50-meter (164 ft) motor yacht. She was built at Westport Yachts in 2009. Her first owner was Leo Vecellio, who named her Lady Kathryn. (He now owns a large Lurssen with the same name).
Later she was known as Xilonen V and Aquavita. In 2018 she was bought by Donald Sussman, who named her Sheherazade. He sold her again to a Dallas, Texas-based owner.
The luxury yacht is powered by 2 MTU engines. She can reach a top speed of 24 knots. Her cruising speed is 20 knots. Her range is more than 3,700nm.
Sussman was the owner of a Dassault Falcon 2000 private jet with registration N888CE. The 888 probably refers to his business address at 888 Los Olas Boulevard in Ft Lauderdale. (His yachts are also registered to a company using 888 in the name).
‘CE’ probably refers to his daughters Carolyn and Emily. The jet has a list price of around US$ 30 million.
N888CE is formally owned by a company named MAGIC CARPET ENTERPRISES LLC, of which Sussman is the shareholder.
He sold the Dassault Falcon in 2018, but he kept the registration number. So he probably ordered a new aircraft.
The Dassault Falcon 2000 is a business jet produced by the French manufacturer Dassault Aviation. It was first introduced in 1995 and is part of the Falcon family of jets. The Falcon 2000 has a range of up to 3,350 nautical miles (6,200 km) and can carry up to 10 passengers in a spacious cabin.
The aircraft is powered by two Pratt & Whitney Canada PW308C turbofan engines, each providing 7,000 pounds of thrust. It has a maximum cruise speed of Mach 0.84 (900 km/h) and can fly at a maximum altitude of 47,000 feet (14,325 meters).
The Falcon 2000 has a modern cockpit with advanced avionics, including a digital flight control system and an integrated flight management system. It also has a number of safety features, such as a terrain awareness and warning system, a traffic collision avoidance system, and a runway awareness and advisory system.
(Photos by JetPhotos.com, Planespotters.net ; flightaware.com; flickr.com; picssr.com; planefinder.net ) Do you want us to remove a certain photo? Or credit a source? Please send us a message
SuperYacht Owners Database 3-2023
