Chase Coleman III is an American billionaire hedge fund manager and the founder of Tiger Global Management. With a net worth estimated at US$8.5 billion in 2023, he has become one of the most influential figures in the financial industry.
This article will delve into Chase Coleman III net worth, why he is famous, provide an overview of his early life, career, and personal life, and answer some frequently asked questions about him.
Quick Facts
| Full Name | Charles Payson “Chase” Coleman III |
| Popular Name | Chase Coleman III |
| Gender | Male |
| Birth Date | June 1, 1975 |
| Age | 48 |
| Parents | Not available |
| Siblings | Not available |
| Birth Place | Not available |
| Nationality | American |
| Ethnicity | Not available |
| Education | Deerfield Academy, Williams College |
| Marital Status | Married |
| Sexual Orientation | Not available |
| Wife/Spouse | Stephanie Ercklentz |
| Children | 4 |
| Dating | Not available |
| Net Worth | $8.5 billion |
| Source of Wealth | Hedge fund management |
What is Chase Coleman III Net Worth and Salary in 2023?
As of July 2023, Chase Coleman III’s net worth is estimated at US$8.5 billion, according to Forbes. His success as a hedge fund manager has propelled him to become the 258th richest person in the world. While his exact salary is not disclosed, his net worth reflects his significant earnings from his investments and ventures.
Why is Chase Coleman III Famous?
Chase Coleman III gained fame for his remarkable achievements as a hedge fund manager. He founded Tiger Global Management, which has evolved into a broader investment firm overseeing approximately $75 billion in assets.
Coleman’s hedge fund was an early investor in tech giants like Facebook and LinkedIn, showcasing his keen eye for lucrative investment opportunities. His success has earned him a place among the best hedge fund managers of his generation.
Chase Coleman III Overview
Early Life
Chase Coleman III was born on born June 1, 1975, raised on Long Island’s prestigious North Shore. He attended Deerfield Academy, following in the footsteps of his father, before pursuing higher education at Williams College. Coleman’s upbringing in a wealthy family and his exposure to the world of finance from an early age laid the foundation for his future success.
His grandfather, Charles Payson Coleman, was the managing partner of the New York law firm Davis Polk & Wardwell until he died in 1982. He was married to Mimi C. Thompson (born Louise Stuyvesant Wainwright), a descendant of Peter Stuyvesant, the last Dutch Governor who gave New Amsterdam to the British.
Career
Chase Coleman III, born Charles Payson Coleman III is a renowned American billionaire hedge fund manager. He is the founder of Tiger Global Management, a firm that oversees approximately $75 billion in assets.
Chase Coleman’s career began in 1997 when he worked for Julian Robertson and his hedge fund, Tiger Management. In 2000, when Robertson closed his fund, he entrusted Coleman with over $25 million to manage, making him one of the so-called Tiger Cubs.
This marked the beginning of his journey as a hedge fund investor. His firm, Tiger Global Management, has since evolved into a broader investment firm, with its venture capital arm now being its biggest unit.
Chase Coleman started his career working for Julian Robertson’s hedge fund, Tiger Management. He later founded Tiger Global Management, which oversees some $75 billion in assets. The firm was an early investor in both Facebook and LinkedIn.
In 2023, Chase Coleman made significant moves in the tech industry. He pumped money into big tech in the first quarter of 2023, adding to his positions in Google, Apple, Microsoft, and Amazon.
However, he also sold most of his stakes in Spotify, Peloton, Sentinel, and Pinduoduo. His firm, Tiger Global Management, also built a big stake in private equity firm Apollo Global (APO).
Despite the ups and downs in the market, Chase Coleman continues to make strategic investments and maintain a strong presence in the financial world. His keen eye for potential growth opportunities and his ability to make sound investment decisions have solidified his position as one of the leading figures in the global finance industry.
Personal Life
Chase Coleman III is married to Stephanie Ercklentz, who comes from a wealthy background herself. They have four children together and reside in New York City. The couple owns multiple properties, including an estate in Southampton and a residence on Fifth Avenue. Coleman’s personal life reflects his success and affluence, allowing him to enjoy the fruits of his labor.
FAQs about Chase Coleman III
What is Chase Coleman III’s age?
Chase Coleman III is 48 years old in 2023.
What is Chase Coleman III’s educational background?
Coleman attended Deerfield Academy and later graduated from Williams College in 1997.
How did Chase Coleman III become a billionaire?
Through his successful career as a hedge fund manager and the founding of Tiger Global Management, Coleman made astute investment decisions that generated substantial returns, contributing to his billionaire status.
Conclusion
Chase Coleman III’s journey from a young boy on Long Island to becoming a billionaire hedge fund manager is a testament to his talent and determination. With his net worth estimated at US$8.5 billion in 2023, Coleman has solidified his place among the world’s wealthiest individuals. His success as a hedge fund manager and his ability to identify lucrative investment opportunities have made him a legend in the financial world. As he continues to navigate the ever-changing landscape of the industry, Coleman’s influence and wealth are likely to grow, leaving a lasting impact on the world of finance. Thank you for reading.
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