What was Julian Robertson's Net Worth?
Julian Robertson was an American hedge fund manager who had a net worth of $4.4 billion at the time of his death in August 2022. Julian earned his fortune as founder of Tiger Management Corp., an investment company. Julian Robertson died on August 23, 2022 at the age of 90.
Early Life
Julian Hart Robertson, Jr. was born on June 25, 1932 in Salisbury, North Carolina. After graduating from the University of North Carolina, he moved to New York and started to work as a stockbroker for Kidder, Peabody & Co.
Tiger Management
In 1980, Robertson founded Tiger Management, one of Wall Street's earliest hedge funds. He launched with $8 million worth of startup capital. By 1998 Tiger Management had grown to oversee more than $22 billion in assets. During this time, Tiger averaged 32% in annual returns. Unfortunately, due to poor stock picking and failure to foresee the technology stock trend, Tiger suffered large sudden losses and fund withdrawal requests. The fund closed in 2000.
In 1993 Julian earned $300 million in total compensation. A decade later he estimated his personal net worth at $400 million. A decade after that, he was worth north of $4 billion.
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Tiger Cubs
In 2000, Robertson closed his fund firm but stayed in touch with the hedge funds by supporting and investing the new upcoming hedge fund managers, in return for a share in their companies. During his time at Tiger, Robertson mentored several many managers, notably Lee Ainslie, Ole Andreas Halvorsen and Chris Shumway, who would go on to run their own large hedge funds. This group of Robertson-funded firms became known as "Tiger Cubs". It's believed that Robertson has seeded over forty funds. In 2011, Robertson launched Tiger Accelerator Fund, $900-million fund, that was open to outside investors. Robertson served on numerous organizations and university boards and was a signatory of The Giving Pledge.
Central Park South Apartment
In the months following Julian's death, his estate placed his longtime Central Park South apartment on the market. The apartment comprises the entire 27th floor. In February 2023 Rupert Murdoch bought the apartment. It had most recently been listed for $30 million.
Other Real Estate
Outside of New York City, Julian owned properties in:
- New Zealand
- Sun Valley, Idaho
- The Hamptons
- Nassau County, Long Island, NY
His New Zealand property features three 4,000 square foot mansions that were built in 2020.
After being nudged by New York's state tax collector about potentially owing state taxes, Julian sued to prove he did not spend enough time locally to be subject to the tax. From that point on he became was famously fastidious about tracking where he was at his various properties to avoid NY tax liability.
