5 Richest Hedge Fund Managers in the World

3. Ken Griffin

Net Worth as of 4/5/22: $27.2 billion

Ken Griffin is one of the richest people in the world with a net worth of $27.2 billion thanks to his firm Citadel Investment Group which he founded in 1990. Citadel Investment Group’s biggest position at the end of September was Amazon.com, Inc. (NASDAQ:AMZN) with a stake value of over $1 billion.

Although Amazon.com, Inc. (NASDAQ:AMZN) has substantial long term growth potential, its shares have lagged the market this year with the stock down over 48% year to date. Diamond Hill Capital Management commented on Amazon.com, Inc. (NASDAQ:AMZN) in a Q2 2022 investor letter,

Amazon.com, Inc. (NASDAQ:AMZN)’s shares underperformed as valuations of fast-growing companies continued to compress in Q2. Amazon’s growth investments over the past two years have pressured earnings as consumer demand has been weaker than anticipated. However, we believe the company will be able to grow into its infrastructure investments over time. These investments have obscured the magnitude of sustainable free cash flow as well as the attractive valuation of the business relative to peers.