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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

Former hedge fund manager Phil Falcone spoke in public for the first time in years, and slammed the industry

Former hedge fund manager Philip Falcone said that there's "an awful lot of mediocrity" these days in the hedge fund space. On Monday, Falcone resurfaced at the Alpha Hedge East conference in Florida after he received a five-year ban from the securities ...
Posted: February 29, 2016, 1:37 pm

SEC bans Phil Falcone from trading for 5 years

Phil Falcone accepted a ban of at least 5 years from the securities industry. Hedge fund titan Philip Falcone has been banned from the securities industry for at least five years, the Securities and Exchange Commission said on Monday. Also, Falcone and his ...
Posted: August 18, 2013, 10:35 pm

Why Is Phil Falcone in Trouble with the SEC?

The SEC served notice that it will likely sue billionaire Phil Falcone and other people affiliated with his Harbinger hedge fund. What for? Who knows! Here is how Falcone’s firm explained why the SEC may file a civil lawsuit against Falcone, and two ...
Posted: December 9, 2011, 8:38 am

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

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
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