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Louis Bacon Net Worth

Louis Bacon Net Worth

Net Worth: $1.3 Billion

Statistics
  • Source of Wealth Hedge Fund, Investment, Business
  • Birth Place Raleigh, North Carolina
  • Marital Status Married to Gabrielle Sacconaghi; Divorced to Cynthia Pigott
  • Full Name Louis Moore Bacon
  • Nationality American
  • Date of Birth 1956
  • Occupation Fund Manager
  • Education Columbia Business School and Middlebury College
  • Children Seven Children
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About Louis Bacon

Louis Bacon is an American hedge fund manager, trader and founder of Moore Capital Management, he has an estimated net worth of $1.3 Billion. Born Louis Moore Bacon in Raleigh, North Carolina in 1956, his father Zachary Bacon Jr. founded real estate company Bacon & Co., and later led Prudential Financial’s and Merrill Lynch’s real estate efforts in North Carolina. He graduated from Episcopal High School in Alexandria, Virginia and attended Middlebury College in Vermont. In 1979, he received his B.A. in American literature, cum laude. He got a job clerking at the specialist firm Walter N. Frank & Co. during the summers of his college years. In 1981, he received his MBA in finance at Columbia Business School. While at Columbia, he traded commodities using a low interest loan he had received.

After his MBA, Bacon joined the sales and trading program at Bankers Trust. He later left the firm and returned to Walter N. Frank & Co. where he traded currencies. He then got a job at the New York Cotton Exchange and later worked as a broker and trader of financial futures at Shearson Lehman Brothers where he became the senior president for their futures trading division. He founded Remington Trading Partners in 1987. He used his middle name in founding Moore Capital Management LLC in 1989 and in 1990, he created Moore Global Investments.

In 1991, Louis Bacon was the 20th on the list of Financial World’s Top 100 Wall Street Earners list. He purchased the Trinchera Ranch in Costilla County, Colorado in November 2007 from the Forbes family. The 171,400-acre (694km2) property sold for $175 million. In 2010, he purchased the Orton Plantation Gardens in North Carolina which was built by his ancestor Roger Moore in 1735.