Louis Bacon Net Worth is$1.7 Billion
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Profession: Entrepreneur, Businessperson, Trader
Date of Birth: 1956
Country: United States of America
Louis Moore Bacon is a manager of a hedge fund with a net worth of $1.7 billion. Louis Bacon accumulated his net worth as founder and manager of the Moore Capital Management, as well as trader and broker for Shearson Lehman Brothers. He was born in Raleigh, North Carolina, U.S. in 1956.
Louis Moore Bacon (born 1956) is an American hedge fund manager, trader and founder of Moore Capital Management.
Bacon was born in Raleigh, North Carolina; his father, Zachary Bacon Jr., founded Bacon & Co. and led Prudential Financial's and Merrill Lynch's real estate efforts in North Carolina
Bacon graduated from Episcopal High School in Alexandria, Virginia. He attended Middlebury College in Vermont where he received his B.A. in literature, graduating Cum laude in 1979. Bacon met Walter Frank while he was working on a fishing boat in Long Island and got a job clerking at the specialist firm Walter N. Frank & Co during the summers of his college years. He subsequently received his MBA degree in finance at Columbia Business School in 1981.
After receiving his MBA, Bacon joined the sales and trading program at Bankers Trust. Later he left the firm and returned to Walter N. Frank & Co. where he traded currencies. Bacon then got a job on the floor of the New York Cotton Exchange, working as a "runner". Bacon later worked as a broker and trader of financial futures at Shearson Lehman Brothers and eventually became the senior vice president for their futures trading division.
In 1987 Bacon founded Remington Trading Partners and his insights into the market crash of that era allowed him to profit as the market declined as well as during its rebound some time later. In 1989, Bacon used his middle name in founding Moore Capital Management LLC and in 1990 created Moore Global Investments using the $25,000 he inherited from his family.
In 2006, Forbes names Bacon as the 746th richest person in the world. and in 2011 he was listed as the 736th richest man. In 2010, the Denver Post reported that his $1.6 billion ranked him as the 238th richest American.
In 1986 Bacon married Cynthia Pigott, a former Newsweek magazine staff member whom he divorced. In 2007, he married Gabrielle Sacconaghi in Manhattan.
In 1991 Bacon was 20th on the list of Financial World's

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