Paul Tudor Jones Net Worth is$3 Billion
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Profession: Trader, Investor
Date of Birth: Sep 28, 1954
Paul Tudor Jones II is an American businessman with a net worth of $3 billion. Paul Tudor Jones gained his net worth by being the founder of Tudor Investment Corporation, which is a management company for various private investment partnerships. Jones was born in Memphis, Tennessee, and began working as a clerk before becoming a broker for E.F. Hutton.
Paul Tudor Jones II (born September 28, 1954), is the founder of Tudor Investment Corporation, which is the management company for his various private investment partnerships, also referred to as hedge funds. As of March 2011, he was estimated to have a net worth of USD 3.3 billion by Forbes Magazine and ranked as 336th richest in the world. His management company charges the hedge funds he manages a fee that is higher than the industry standards. The industry standards are two percent per annum of assets under management and twenty percent of the profits, whereas Tudor Investment Corp. charges four percent per annum of assets under management and twenty-three percent of the profits.
Jones was born in Memphis, Tennessee. He graduated from Presbyterian Day School, an all boys elementary school before attending Memphis University School for high school. Jones then went on to University of Virginia, earning an undergraduate degree in economics in 1976 as well as a welterweight boxing championship.
In 1976, he started working on the trading floors as a clerk and then became a broker for E.F. Hutton. In 1980, he went strictly on his own for two and a half profitable years, before he "really got bored." He then applied to Harvard Business School, was accepted, and packed to go when the idea occurred to him that: "this is crazy, because for what I'm doing here, they're not going to teach me anything. This skill set is not something that they teach in business school."
Jones' cousin William Dunavant Jr., whose Dunavant Enterprises is one of the world's largest cotton merchants, advised Jones to go down to New Orleans to talk with commodity broker Eli Tullis, who hired and then mentored him in trading cotton futures at the New York Cotton Exchange. Jones later said:
In 1980 Jones founded Tudor Investment Corporation, which is today a leading asset management firm headquartered in Greenwich, Connecticut. The Tudor Group, which consists of Tudor Investment Corpora

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Paul Tudor Jones Latest News

Here’s one forecast that investing legend Paul Tudor Jones got horribly wrong

Paul Tudor Jones, one of Wall Street’s wealthiest investors, announced last week that he’s closing the five-year-old Tudor Discretionary Macro fund and will play an even bigger role in directing his company’s flagship BVI fund. Let’s hope, for ...
Posted: December 6, 2017, 8:54 am

Hedge fund titan Paul Tudor Jones once said the 'good news' is that everyone would eventually forget what Harvey Weinstein did

Paul Tudor Jones at the Sohn Investment Conference in New York. REUTERS/Eduardo Munoz Paul Tudor Jones, a hedge fund titan, expressed his support for the disgraced Hollywood producer Harvey Weinstein in an email shortly before Weinstein was ousted from his ...
Posted: December 7, 2017, 11:54 am

PALM BEACH BILLIONAIRE Paul Tudor Jones TO HARVEY WEINSTEIN: “I Love You!”

PALM BEACH — Embarrassing emails written by Paul Tudor Jones, the Palm Beach billionaire founder of the powerful Palmetto Bay-based Everglades Foundation, to disgraced filmmaker Harvey Weinstein popped up in the New York Times this week. And they’re ...
Posted: December 7, 2017, 12:00 am
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