James Simons Net Worth is$8.7 Billion
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James Simons is the founder of Renaissance Technologies and has a net worth of $8.7 billion. James Simons made his net worth as an American hedge fund manager, CEO and founder of Renaissance Technologies, as well as his position as trustee for Brookhaven National Laboratory, Institute for Advanced Study at Rockefeller University, Mathematical Research Institute in Berkeley, and member of the board at MIT Corporation. He was born in Newton, Massachusetts in 1938.
James Harris "Jim" Simons (born 1938) is an American hedge fund manager, mathematician, and philanthropist.
In 1982, Simons founded Renaissance Technologies, a private investment firm based in New York with over $15 billion under management; Simons is still at the helm, as CEO, of what is now one of the world's most successful hedge funds. Simons is estimated to own $10.6 billion.
Simons lives with his wife in Manhattan and Long Island, and is the father of three children; two of his children died young under tragic circumstances - a drowning and auto accident.
Simons shuns the limelight and rarely gives interviews, citing Benjamin the Donkey in Animal Farm for explanation: "God gave me a tail to keep off the flies. But I'd rather have had no tail and no flies." On October 10, 2009, Simons announced he would retire on January 1, 2010 but remain at Renaissance as nonexecutive chairman.
Jim Simons is the son of a shoe factory owner in Massachusetts. He received a Bachelor of Science in mathematics from the Massachusetts Institute of Technology in 1958 and a Doctor of Philosophy, also in mathematics, from the University of California, Berkeley in 1961 at the age of 23. Between 1964 and 1968, he was on the research staff of the Communications Research Division of the Institute for Defense Analyses (IDA). Simons taught mathematics at the Massachusetts Institute of Technology and Harvard University. In 1968, he was appointed chairman of the math department at Stony Brook University. Simons was asked by IBM in 1973 to attack the block cipher Lucifer, an early but direct precursor to the Data Encryption Standard (DES).
In 1976, Simons won the American Mathematical Society's Oswald Veblen Prize in Geometry, for work that involved a recasting of the subject of area minimizing multi-dimensional surfaces and characteristic forms. This resulted in his proof of the Bernstein conjecture up to real dimension 8, and an improvement of a certain "regularity" result of W

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James Simons Latest News

Jim Simons Ups Stake in GameStop; Should You?

GameStop is a specialty retailer of video game products with 1,393 stores in 49 states. In the last 10 years, GameStop has bounced back and forth between $20 to $50 per share and trades at $25. Long term, I don't see GameStop breaking out of this cycle ...
Posted: October 18, 2016, 12:57 pm

Paula Simons: Plane crash robs Jim Prentice of chance to write his final chapter

Friday morning, as the news broke that Jim Prentice had died in a small plane crash, I listened again to his election night concession speech, the night his Progressive Conservatives lost so utterly to Rachel Notley and her NDP. It was a horrific night for ...
Posted: October 14, 2016, 6:02 am

Jim Simons And His Merry Band Of Math Nerds Beating Investors Off With A Stick

Time was, being a hedge fund manager was an exercise in raising billions of dollars, charging 2&20 (or 3&50), telling investors to f*ck off if they didn’t like it, propping one’s feet up on the desk, and watching from binoculars as a fleet of dump ...
Posted: October 11, 2016, 9:35 am
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