Who is Donald Sussman?
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 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.
Donald Sussman Net Worth
We estimated his net worth at $500 million.
Donald Sussman is an active philanthropist and political donor. In 2016 he gave US$ 40 million to super PACs supporting Hillary Clinton and other democrats. In 2010 he donated US$ 12 million to Skidmore College.
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Donald Sussman House
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.
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.