Seth Klarman is a hedge fund manager and investor. The American billionaire is the portfolio manager and CEO of Baupost Group, a private investment partnership. Klarman is an author and advocate for value investing. He makes a living by purchasing unpopular assets and manages $27 billion in assets.
|Celebrated Name:||Seth Klarman|
|Real Name/Full Name:||Seth Andrew Klarman|
|Age:||65 years old|
|Birth Date:||21 May 1957|
|Birth Place:||New York City, United States|
|Wife/Spouse (Name):||Beth Schultz Klarman|
|Children/Kids (Son and Daughter):||Yes|
|Is Seth Klarman Gay?:||No|
|Profession:||Investor and hedge fund manager|
|Net Worth in 2022:||$2 billion|
Seth Klarman Biography
Seth Andrew Klarman was born in New York City on May 21, 1957. His mother was a psychiatric social worker, and his father was a public health economist. His parents divorced after moving to Baltimore. Michael, his brother, works at Harvard Business School.
Seth has always been interested in business ventures. He purchased his first stock when he was only ten years old. He soon began receiving stock quotes by dialing his broker’s number. Cornell University awarded Seth Klarman a magna cum laude in economics. Following college, he worked for a company for 18 months. Klarman then attended Harvard Business School as a Baker Scholar.
Seth Klarman Age, Height, Weight
Seth Klarman was born on May 21, 1957, He is 65 years old as of 2022. His height is 1.85 m, and he weighs 90 kg.
Seth Klarman decided to intern at the Mutual Shares Fund after finishing his bachelor’s degree. In 1982, he established The Baupost Group. The company has seen many changes and faced many challenges over the years. He also owned a minority stake in the Boston Red Sox, a professional baseball team.
Following the financial crisis of 2007-2008, he began purchasing CIT Group’s distressed bonds in 2009. By 2016, his fund had nearly $31 billion in assets under management. Klarman is a conservative investor who is known for making unusual investments. Even with unconventional strategies, he has achieved high returns. Klarman prefers distressed companies.
Seth Klarman is also interested in horse racing. He has raced hoses with William Lawrence and owns Klaravich Stables Inc. Aside from that, he is the chairman of The Times of Israel, an online English newspaper based in Israel. In 1995, he presided over the conference Facing History of Ourselves. He has given freely to various political parties, Harvard Business School, and Cornell University.
Klarman is also an author. In 1991, he published his only book, ‘Margin of Safety, Risk Averse Investing Strategies for the Thoughtful Investor.’ The book discusses various issues concerning investors and retail investing. The book became a cult classic, and a copy is now worth $4000. He edited ‘Security Analysis’ by David Dodd and Benjamin Graham in 2008. Seth also sends out numerous annual shareholder letters.
Seth Klarman Achievements And Awards
Seth Klarman was inducted into the Institutional Investors Alpha Hedge Fund Manager Hall of Fame in 2008. He is known as “the Warren Buffet of his generation” because of his experience and success. In 2011, he received the Harvard Business School Alumni Achievement Award. He was named a co-winner of the Eclipse Awards in 2019.
Seth Klarman’s Net Worth in 2022
Seth Klarman’s net worth is $2 billion as of September 2022. He is one of the highest-paid hedge fund managers in the world. Seth is extremely gifted and has made significant investments. He has profited from his ventures by making value investments. In the last three years, the billionaire investor has earned 6.6% annualized returns. Seth co-founded Baupost Group, which has $30.21 billion in assets under management.
Seth Klarman has been referred to as a quiet investor. He has managed to run a hedge fund company despite making few public appearances. His company’s assets grew from $30 million in 1982 to $30 billion in 2013. Seth is an inspiration to many, and he has made numerous donations. He has made contributions to both Republican and Democratic candidates. This demonstrates that he is not affiliated with any political party. The legendary value investor also has a sizable personal fortune.
Seth Klarman WIfe, Marriage
Since 1982, Seth Klarman has been married to Beth Schultz. He lives in Chestnut Hill, Massachusetts, with his family. Klarman is the father of three kids. Despite his popularity and success, he prefers to live a low-key life. He rarely agrees to do interviews or speak in public. Seth Klarman is also a philanthropist, having established The Klarman Family Foundation.