| Name: | Donald Sussman |
| Net Worth: | $ 500 million |
| Source of Wealth: | Paloma Fund |
| Born: | June 8, 1946 |
| Country: | USA |
| Spouse: | Chellie Pingree (Divorced) |
| Children: | Emily Tisch Sussman, Carolyn Tisch Sussman |
| Residence: | Fort Lauderdale, Florida |
| Private Jet: | Dassault Falcon 2000 EX (N888CE) |
| Yacht: | Sheherazade |
He 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 had 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$200 million in US taxpayer funds as part of the AIG bailout.
We estimated his net worth US$ 500 million.
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.
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.
He is the owner of the yacht Sheherazade. The yacht is currently listed for sale. Before, he owned the yacht Alice’s Restaurant. His yachts are berthed behind his mansion in Florida.
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.
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