Jim Simons Net Worth 2024: Earnings, Salary, Assets, & Wife (2024)

As of 2024, American investor and mathematician, Jim Simons’s Net Worth is estimated to be $29 Billion. The world knows him as one of the richest men in the world. His friend knows him as good old Jim. People in the academic, Circle know him as one of the finest mathematicians currently in the world. He would like to be known as an academic rather than a billionaire. He has worked in many organizations in advisory and executive roles.You must be thinking it is a technology company. That’s why it would be in the area ofTechnology. Either that is Hardware or software.

You would be wrong in both ways. He was in technology, but he used technology to create algorithms that would predict the Market. Yes. His company was more interested in the share market rather than in the technology itself. He is one of the special kinds of investors that are called Quant. He should be credited with bringing Quant analysis into the world of trading.

He has given dividends worth 80 billion dollars in the last 40 years out of which he got almost 10 billion dollars worth of dividends for himself. He still earns almost 500 million dollars worth of dividends every year from the company. Even after he gets rid of his position inside the company, he will be getting almost 200 million dollars from that company. Stay tuned for more news on celebrities.Also check Ratan Tata Net Worth.

Jim Simons Net Worth

He is good with numbers Whether they are on paper or in a bank account.He is the founder of Renaissance technology.The world calls him Jim, but we know him as James Simmons.The world’s best American mathematician “Jim Simons” has a net worth of $29 Billion. According to various online resources (Wikipedia, Forbes, IMDB), the most popular American mathematician Jim Simonsestimated a net worth of around $29 Billion.

As we have already discussed, Jim Simons has a net worth of 29 billion dollars. Most of that money has been made on the trading floor. You will be surprised to know that he earned almost nothing during his tenure in the National Security Agency. He did not even get a respectable severance package from the National Security Agency.

He had to borrow some money to start his company. He has been Chief Executive Officer of Renaissance Technology for almost 40 years now. His company has been managing over 30 billion dollars worth of funds. You may also like Willie Wilson Net Worth.

NameJim Simons
Net Worth (2024)$29 Billion
ProfessionAmerican mathematician
Monthly Income$300 Million
Yearly Income $2 Billion +
Last Updated2024

He has been CEO of Renaissance Technology since its start. He has been CEO of Renaissance Technology for almost 40 years. He is going to step down as chief executive of Renaissance Technology in 2023. After he departs from Renaissance technology, Renaissance technology will venture into a new world. At the same time, He will venture into the world of retirement. As and when that happens, we will update you about it.

Jim Simons Net Worth Growth

Jim Simons Net Worth in 2024$29 Billion
Jim Simons Net Worth in 2023$25 Billion
Jim Simons Net Worth in 2022$21 Billion
Jim Simons Net Worth in 2021$19 Billion
Jim Simons Net Worth in 2020$18 Billion
Jim Simons Net Worth in 2019$17 Billion

Jim Simons Biography

Jim Simons was born in April 1938. Jim Simons was born in the city of Newton Massachusetts.He showed the world What kind of human being he was going to be when he took part in the mathematics olympiad during his school and won. After finishing school. He Joined Berkeley University. After school, he joined the University of California, Berkeley.

He got his degree from California University Berkeley in 1961 after getting out of college He was snatched up by the National Security Agency.The National Security Agency needed a decoder And they couldn’t find a better decoder than Jim Simons.You may also like Cindy McCain Net Worth.

Jim Simons is credited with decoding. Jim Simons is credited with creating our decoding program inside, the National Security Agency, which still works to this date.There was a time when he was known as the code breaker.Right now, his company is known more as a code creator.After finishing up his tenure in the National Security Agency and resigning from the post of Chief coder. He started his own journey in the world of encryption. He founded a company called Renaissance Technology in 1982.

Real Name:James Harris Simons
Nick Name:James Simons
Birth Place:Newton, Massachusetts, United States
Date Of Birth:25 April 1938
Age:85 years old
Height:In Centimetres – 178cm
In Feet and Inches – 5′ 10″
Weight:In Kilograms – 78Kg
In Pounds – 171lbs
Eye Color:Brown
Hair Color:Grey
Sexual Orientation:Straight
Marital Status:Married
Girlfriend:N/A
Wife/Spouse Name:Barbara Simons (m. ?–1974), Marilyn Hawrys Simons
Kids/Children Name:Nat Simons, Audrey Simons, Paul Simons, Nicholas Simons, Liz Simons
Parents Name:Father–Matthew Simons
Mother –Marcia Simons
Siblings:N/A
School:N/A
College:Massachusetts Institute of Technology, University of California
Religion:Jewish
Nationality:American
Zodiac Sign:Taurus
Gender:Male
Profession:Mathematician, Hedge fund manager, Philanthropist
Net Worth:$29 Billion
Last Updated:2024

He should be credited with changing the world of investing with Quantitative forever. Before him, there was no Quant inside trading, but currently, you will find a special division of every Trading Company that is full of Quant.He is known to give dividends almost every year.

He was one of the rare chief executive officers who ordered dividends in 2007 and 2008 when other companies were going down and down. He has been known to beat standards and be poor for 40 years now.He has given over 75 percent return to his investors since the start of the fund. Must Check Brock Pierce Net worth.

FAQs

What is the net worth of Jim Simons?

Jim Simons's total net worth is around $29 Billion.

How old is Jim Simons?

Currently, Jim Simons is 85 years old (25 April 1938).

How much does Jim Simons make annually?

Jim Simons earns an estimated salary of $1 Billion per Year.

What is the height of Jim Simons?

The height of Jim Simons is 1.78m. (5’ 10”).

Recommended article:

  • Darrell Issa Net Worth
  • Elon Musk Net Worth
  • Jon Huntsman Jr. Net Worth
  • Piero Ferrari Net Worth
  • Eric Lefkofsky Net Worth
Jim Simons Net Worth 2024: Earnings, Salary, Assets, & Wife (2024)

FAQs

What does Jim Simons do with his money? ›

Renaissance Technologies is famous for its Medallion Fund, a $10 billion black-box strategy that is only open to Renaissance's owners and employees. Simons has given $6 billion to philanthropic causes. His foundation is the primary funder of Math For America. He also supports autism research.

How many kids does Jim Simons have? ›

He stepped down as Chairman of Renaissance Technologies in January 2021. Simons has been married twice. He had three children with his first wife, Barbara, and two with his second wife, Marilyn. Two of his sons died in accidents; one bicycle riding, another swimming in Indonesia.

Who owns the biggest hedge fund in the world? ›

Bridgewater Associates

Westport, Conn. Westport, Conn. In 1975, Bridgewater Associates was founded by Ray Dalio in his Manhattan apartment. Today Bridgewater is the largest hedge fund in the world and Dalio has a personal fortune of approximately $19 billion.

How does Jim Simons make money? ›

He is the founder of Renaissance Technologies, a quantitative hedge fund based in East Setauket, New York. He and his fund are known to be quantitative investors, using mathematical models and algorithms to make investment gains from market inefficiencies.

How many employees does Simons have? ›

La Maison Simons
Company typePrivate
Key peoplePeter Simons, Richard Simons
BrandsTwik, Contemporaine, Icône, i.Fiv5, Le 31, DJAB
Number of employees2,500 (2017)
Websitewww.simons.ca/en
4 more rows

Is Jim Simons a billionaire? ›

Billionaire Investor Jim Simons Just Bought These 3 "Magnificent Seven" Stocks.

Does Jim Simons have a PHD? ›

Simons earned his Ph. D. at Berkeley in mathematics at age 23, then started teaching at MIT. A few years later, his life took a left turn when he began cracking codes for the Pentagon.

What is the average return of Jim Simons? ›

His ability to integrate mathematics and technology into investing forever changed the money management space. It established the field of “quantitative finance” and allowed his firm to generate average returns of nearly 66% per year for 30 years.

Who is the smartest billionaire? ›

The Revolutionary Success of Jim Simons: How the Smartest Billionaire in Finance Changed the World of Investing and AI.

What is Peter Brown's net worth? ›

"I'm just one of those types who can't sleep. Not by choice," he said. "I often am on the computer by around 2 a.m. And it's true, I tend to send a lot of emails out in the middle of the night." The most recent Forbes data about Brown was compiled in 2019 and found that he had a net worth of $100 million.

What is the richest investment company in the world? ›

BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023. Headquartered in New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries.

Who is the rich hedge fund guy? ›

Kenneth Cordele Griffin (born October 15, 1968) is an American hedge fund manager, entrepreneur and investor. He is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund.

What is the most successful hedge fund of all time? ›

Citadel, a Miami-based multistrategy hedge-fund firm, led the list with a $74 billion net gain for its investors since inception in 1990 through 2023. It racked up an $8.1 billion profit last year.

What does Jim Simons do now? ›

Seven years ago, Simons started navigating his latest left turn — into retirement and philanthropy. He and his wife, Marilyn, oversee the Simons Foundation, which has invested millions in math and science research and education, including groundbreaking work in the study of autism.

Who is the richest mathematician in the world? ›

Simons and his wife, Marilyn, co-found the Simons Foundation to support research in mathematics, fundamental sciences, and education. Simons is named "the world's smartest billionaire" by the Financial Times.

Why did the Medallion Fund close? ›

They closed it to prevent leaking of information what they do and how they managed to beat the rest of the market basically by themselves, refuting the efficient market Hypothesis (EMH) in the process.

Top Articles
Latest Posts
Article information

Author: Rev. Leonie Wyman

Last Updated:

Views: 6611

Rating: 4.9 / 5 (59 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Rev. Leonie Wyman

Birthday: 1993-07-01

Address: Suite 763 6272 Lang Bypass, New Xochitlport, VT 72704-3308

Phone: +22014484519944

Job: Banking Officer

Hobby: Sailing, Gaming, Basketball, Calligraphy, Mycology, Astronomy, Juggling

Introduction: My name is Rev. Leonie Wyman, I am a colorful, tasty, splendid, fair, witty, gorgeous, splendid person who loves writing and wants to share my knowledge and understanding with you.