Jim Chanos Net Worth is$1.5 Billion
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Profession: Entrepreneur | Businessperson
Date of Birth: 1958
Country: Milwaukee
Jim Chanos net worth: Jim Chanos is an American hedge fund manager who has a net worth of $1.5billion dollars. Jim Chanos was born in Milwaukee, Wisconsin, and went on to graduate from Yale in the early 80s. He began his career in finance and investments soon after graduating from Yale. He first gained notice within the financial community due to his success with short selling. He worked for multiple firms, and then branched out on his own, founding Kynikos Associates in 1985. His company became internationally known, after he became one of the first financial analysts to recognize Enron's monetary issues. He capitalized on this knowledge, short selling Enron as their stock declined. This ultimately made him quite wealthy. Since 2010, he has warned of the instability of the Chinese economy, and has cited related historical evidence regarding the Chinese property bubble that indicates that the Chinese economy may be on its way to crashing, rather than seeing continued growth.
James S. Chanos (born 1957) is an American hedge fund manager, and is president and founder of Kynikos Associates, a New York City investment company that is focused on short selling.
James Chanos was born in 1957. He was born into a Greek family living in Milwaukee. he graduated from Wylie E. Groves High School, and then Yale in 1980. He describes his investment strategy as being based on "intensive research into stocks" looking for fundamental and large market failures in valuation, typically based on underestimated or previously unreported failings in the business or market of a stock. He follows this research by committing to a (usually large) short-position which he is willing to hold for long period of time???almost the mirror image of Warren Buffett's reputed "fundamentals+long stay" investment strategy[citation needed]. Because of this model, his investments function more like those of a whistle-blower than most typical investments. Examples of this include short-selling companies such as Baldwin-United, and more recently Enron Corporation.
He rose to fame in the 1980s as a short seller. After working as an analyst in several firms, he founded Kynikos (Greek for "cynic") in 1985 as a firm specializing in short selling. A critical position taken at Kynikos was his shorting of Enron.
In October 2000, Chanos started research into the valuation of Enron Corporation. He examined their use of mark-to-model (opposed to mark-to-market) accounting, which, in Chanos' view, results in management overstating earnings, as well as what appeared to be a worryingly low (6-7%) return on capital investment. Enron stock declined from $90 in August 2000 to a low of $1 near the end of 2001. Over this period, Chanos was a short seller of Enron during 2001, increasing his short position as more information surfaced. Kynikos profited greatly and Chanos himself became something of a celebrity as a consequence of his early awareness of Enron's problems.
In 2010, James Cha

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Jim Chanos Latest News

Can Elon Musk’s business empire survive and thrive?

Jim Chanos, a hedge-fund manager who helped rumble Enron, says Mr Musk is in financial trouble. Far from conquering planets, some fear that Mr Musk has become like Icarus, who flew too close to the sun. Can his empire stand the heat? Mr Musk’s empire is ...
Posted: October 20, 2016, 1:00 am

Outrageous Profit Potential from Three of the World's Worst Companies

Jim Chanos runs the $3 billion Kynikos Associates and is best known for having correctly shorted Enron just prior to its collapse. Obviously, going against the grain isn't for everybody – it takes a lot of guts and more than a little conviction to do it ...
Posted: October 20, 2016, 7:26 am

Chanos reiterates short bets on Caterpillar, Tesla

Jim Chanos tells CNBC he is still shorting Caterpillar (NYSE:CAT) since the company's fundamental story has not changed, and reiterates the combination of Tesla (NASDAQ:TSLA) and SolarCity (NASDAQ:SCTY) is "completely perplexing" and "makes no sense."
Posted: October 19, 2016, 2:47 pm
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