Leon Cooperman is an American billionaire investor and hedge fund manager.
He was born on April 25, 1943, in the South Bronx, New York City, to a Jewish family of Polish immigrants.
Cooperman was the first in his family to earn a college degree, graduating from Hunter College and later receiving his MBA from Columbia Business School.
He is also a Chartered Financial Analyst.
Cooperman started his career as a quality control engineer at Xerox in 1965z
He later joined Goldman Sachs & Co. in 1967, where he spent 25 years and built up the firm’s asset management division, GSAM.
In 1991, he retired from his positions as a general partner of Goldman Sachs & Co. and as chairman and CEO of Goldman Sachs Asset Management.
Cooperman is also the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management.
Leon Cooperman net worth
Cooperman’s net worth is estimated to be around $2.8 billion as of October 2023.
His net worth has increased steadily over the years, and he is recognized as one of the wealthiest hedge fund managers globally.
Cooperman’s huge personal worth has been largely fueled by his outstanding success as an American investor.
He began his career at Goldman Sachs, where he played a pivotal role in developing investment policies and serving as the head of the Research Department.
In 1991, he established Omega Advisors, which became the primary source of his wealth.
How did Leon Cooperman make his fortune?
Cooperman made his fortune primarily through his successful career as an investor and hedge fund manager.
He started his career as a quality control engineer at Xerox in 1965, and later joined Goldman Sachs & Co. in 1967, where he spent 25 years and built up the firm’s asset management division, GSAM.
In 1991, Cooperman retired from his positions as a general partner of Goldman Sachs & Co. and as chairman and CEO of Goldman Sachs Asset Management.
He then established Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management, the majority consisting of his personal wealth.
Cooperman’s hedge fund, Omega Advisors, has been successful in generating high returns for its investors over the years.
Leon Cooperman vs Columbia University
Cooperman has recently suspended his donations to the university over its response to the Israel-Hamas war.
He has been critical of the university’s refusal to terminate a professor accused of expressing support for Hamas attacks.
Cooperman has donated over $50 million to Columbia University over the years and expects the university to adhere to specific standards and principles.
He feels strongly about nurturing an environment that encourages free speech without condoning extremist ideologies.
Cooperman has also criticized the current generation of college students and their seemingly misguided priorities.
His rift with Columbia University reflects deeper concerns about the alignment of academic institutions with democratic values, free speech and the influence of extremist ideologies.
While his remarks about college students may seem harsh, they invite a broader conversation about the role of universities in shaping the values and beliefs of future generations.
Columbia University has expressed gratitude for Cooperman’s years of generosity and service to Columbia Business School.
However, the university is focused on providing the support needed by its community members while keeping the campus safe.
Several Columbia University students have pushed back on Cooperman’s views, arguing that his comments are divisive and do not reflect the diversity of opinions on campus.
How has Columbia University responded to Leon Cooperman’s suspension of donations?
Columbia University has not issued a direct response to Cooperman’s suspension of donations.
However, the university has postponed its annual 24-hour fundraising event, Columbia Giving Day, citing “careful consideration and consultation” with alumni and university leadership.
This decision comes amid criticism from students and alumni over the university’s response to the Israel-Hamas war.
A spokesperson for Columbia University expressed gratitude for Cooperman’s years of generosity and service to Columbia Business School.
The university is currently focused on providing support to its community members and ensuring campus safety during this time of crisis.