"Phil Falcone Earnings"
Phil Falcone
Phil Falcone Net Worth is $1.1 Billion.. Philip Falcone is an American businessman and the founder of Harbinger Capital and LightSquared. As of March 2013, he is the 1175th richest person in the world, and the 377th richest in the United States with a net worth of $1.2 billion.

Phil Falcone Net Worth is $1.1 Billion.

Phil Falcone Net Worth is $1.1 Billion. Philip Falcone is an American businessman and the founder of Harbinger Capital and LightSquared. As of March 2013, he is the 1175th richest person in the world, and the 377th richest in the United States with a net worth of $1.2 billion.


Philip Falcone grew up in Chisholm, Minnesota with nine siblings in a three-bedroom house. He attended Harvard University on financial aid and graduated with a Bachelor of Arts in Economics in 1984. He played college hockey at Harvard and professional hockey in Sweden with Malmo.
In 1985, he started his career at Kidder, Peabody & Co.. He also worked at Wachovia. He was also Senior High Yield trader at First Union Capital Markets in Charlotte, North Carolina. From 1990 to 1995, he served as President and CEO of AAB Manufacturing Corporation". He was the head of High Yield trading at Gleacher Natwest from 1997 to 1998, and at Barclays Capital from 1998 to 2000. In 2001, he founded Harbinger Capital. He has investments in the Minnesota Wild...
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Phil Falcone Latest News

Phil Falcone Resigns As CEO Of His Holding Company, Walks Away With $40 Million Check

Falcone has resigned as the CEO and chairman of Harbinger Group, a publicly traded holding company. The company said in a news release that Falcone would receive a $20.5 million one-time payment along with a $16.5 million bonus for 2014. He will also get a ...
Posted: November 25, 2014, 2:18 am

Inseego Corp. Appoints Telematics Industry Veteran Mark Licht to its Board of Directors

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here. SAN DIEGO--(BUSINESS WIRE)-- Inseego Corp. (Nasdaq: INSG), a global leader in software-as-a-service (SaaS) business intelligence ...
Posted: January 8, 2018, 6:06 am

Flashy hedge funder who borrowed $113m of client money to pay for luxury lifestyle is banned from finance for five years

Phil Falcone was famous for rising from a humble background and dramatically falling from grace in the wake of the financial crisis. His hedge fund, Harbinger Capital, once managed assets worth $26billion, although that has now fallen to a fraction of its ...
Posted: August 19, 2013, 8:41 pm

Harbinger Capital Sues Apollo Global Management Over LightSquared Losses

Philip Falcone’s hedge fund said it was defrauded by Apollo Global Management LLC into pouring $2 billion into the ill-fated wireless venture formerly known as LightSquared Inc. Mr. Falcone’s Harbinger Capital Partners filed a lawsuit in New York state ...
Posted: December 28, 2017, 7:12 pm

Fighting Saints Add Defenseman Matt Stoia

Philip Falcone, Chairman, Chief Executive Officer and President of HC2 Holdings, Inc. and former part owner of the NHL's Minnesota Wild, is the company's principal owner. The ownership group also includes Peter Chiarelli, Edmonton Oilers President of ...
Posted: January 11, 2018, 9:49 am
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