The 50-something hedge fund managers owning the Times’ rich list
Hedge funds provided the bulk of the financial caucus in 2023’s rich list, as usual, but there’s a striking pattern amongst the titans on the list. They’re all… Well, they’re all quite old. They’re also very male, which isn’t that surprising given the industry.
The two fintechs were a breath of fresh air – Nic Storonsky of Revolut, and Taavet Hinrikus of Wise (formerly TransferWise). They were also the youngest people on the (finance) list, at 38 and 41 years of age respectively. Between them and XTX Markets’ Alex Gerko, no one came particularly close in terms of youthfulness.
That being said, with an average age of 55 and a highest age of 68 (the august William Bollinger), the finance shortlist is younger than the US Senate, which has an average age of 64 and members hitting 90 this year.
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