Net Worth: $1.4 Billion
- Source of Wealth Hedge Fund, Investment, Business
- Marital Status Married to Stephanie
- Occupation Hedge Fund Manager
- Education Deerfield and Williams
- Children None
About Chase Coleman
Chase Coleman III is a hedge fund manager with an estimated net worth of $1.4 billion as of March 2013. According to Forbes Magazine, he is #1031 in the World Billionaires List (#1075 in 2012), and #311 in the Forbes 400 List. He is a direct descendant of Peter Stuyvesant, the last Dutch governor of New York who built the ‘wall’ of Wall Street. He is a graduate of Deerfield and Williams. He was a “Tiger Cub,” trained at the famed hedge fund shop Tiger Management by Julian Robertson along with Lee Ainslie, Andreas Halvoren and Stephen Mandel.
Coleman served as the technology analyst at Tiger Management from 1997 to 2000 when Robertson closed his hedge fund of $6 billion to outside investors. In 2001, he founded the hedge fund firm Tiger Global Management which he now co-manages along with Feroz Dewan in 2001. As of 2007, it has reached the seven-year annualized return of 44% with the fund returning 91% that time. However, it dropped 26% by 2008 and another drop by 1% in 2009. By 2010, it got back to its feet with an increase of 18%. It was one of the best performing hedge funds with a return of at least 70%.
At 37, Chase Coleman was named in the Forbes Ten Youngest Billionaires (#6) in 2012 and Forbes Youngest Billionaires in the World (#15) in 2011. The firm has outperformed every other hedge fund in that year and ended up for 45%, despite the struggle in the hedge fund market.