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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

Falcone files for ‘divorce’ from LightSquared

Billionaire Phil Falcone is getting a divorce — not from his fashionista wife Lisa Maria, but from his dreams of owning a nationwide 4G LTE wireless network. On Monday, Falcone filed “divorce papers” from LightSquared, his bankrupt wireless venture ...
Posted: August 11, 2014, 6:19 pm

Phil Falcone's Harbinger Group Says He's Reached A Settlement With The SEC

Hedge fund manager Phil Falcone's Harbinger Group said in a securities filing that he has reached a settlement with the Securities and Exchange Commission over two civil actions. (via DealBook) Last summer, the SEC charged Falcone and his Harbinger ...
Posted: May 9, 2013, 3:19 am

Harbinger Capital's Falcone charged with fraud

NEW YORK (CNNMoney) -- U.S. securities regulators on Wednesday charged billionaire hedge fund manager Philip Falcone and his Harbinger Capital firm with fraud. The Securities and Exchange Commission claims that Falcone used client assets to pay $113 ...
Posted: June 27, 2012, 2:46 pm

Weaver Posts First Career Shutout as Saints

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 22, 2018, 1:50 am

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
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