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2010 Highest-Paid 25 Hedge Fund Managers Got $22 Billion according to AR Magazine

The highest-paid U.S. hedge fund managers at some of the biggest and best-performing funds Collectively, this privileged class of traders did quite well for itself -- raking in some $22 billion in compensation, according to AR Magazine.

That compares with ten years ago, when the best-paid 25 managers earned a combined $5 billion.

Much of the earnings by hedge fund managers came from fees that were charged whether there was a loss or a profit.

Hedge funds didn’t perform better than the stock market and had a median gain of 8 percent according to the Hedge Fund Intelligence Global Composite Index, compared with an 11.7 percent rise in the MSCI World Index of stocks and 12.7 percent rise in the Standard & Poor’s 500-stock index, the newspaper said.

Topping the charts in hedge fund pay was John Paulson, who reportedly earned $4.9 billion. Paulson's name at the top of the "rich list" isn't too surprising, given that his $36 billion Paulson & Co has emerged as one of the industry's top performing funds.

AR reports that Paulson's 2010 earnings even bested the $3.7 billion he made in 2007, when he rocketed to hedge fund fame with his enormously successful wager on the housing market's collapse.

Here's the 2010 top-10 highest-paid Hedge Fund Managers:


1.John Paulson

2010 Earnings: $4.9 billion

Net worth: $16 billion

Net Worth Last Calculated: March 2011

Firm: Paulson & Co.


2.Ray Dalio

2010 Earnings: $3.1 billion

Net worth: $6 billion

Net Worth Last Calculated: March 2011

Firm: Bridgewater Associates


3.Jim Simons

2010 Earnings: $2.5 billion

Net worth: $10.6 billion

Net Worth Last Calculated: March 2011

Firm:Renaissance Technologies


4. David Tepper

2010 Earnings: $2.2 billion

Net worth: $5 billion

Net Worth Last Calculated: March 2011

Firm: Appaloosa Management


5. Steve Cohen

2010 Earnings: $1.3 billion

Net worth: $8 billion

Net Worth Last Calculated: March 2011

Firm: SAC Capital


6. Eddie Lampert

2010 Earnings: $1.1 billion

Net worth: $3.6 billion

Net Worth Last Calculated: March 2011

Firm: ESL Investments


7. Carl Icahn

2010 Earnings: $900 million

Net worth: $12.5 billion

Net Worth Last Calculated: March 2011

Firm: Icahn Management LP


8. Bruce Kovner

2010 Earnings: $640 million

Net worth: $4.5 billion

Net Worth Last Calculated: March 2011

Firm: Caxton Associates


9. George Soros

2010 Earnings: $450 million

Net worth: $14.5 billion

Net Worth Last Calculated: March 2011

Firm: Soros Fund Management


10. Paul Tudor Jones

2010 Earnings: $440 million

Net worth: $3.3 billion

Net Worth Last Calculated: March 2011

Firm: Tudor Investment Corp


Source: AR Magazine and Forbes Magazine