What LAppartement 4F Co-owner Ashley Coiffard Put on Her Wedding Registry. For alternative investments, it put its money into derivatives, residential and commercial mortgage-backed securities as well as other securities with asset-backing and collateralized debt instruments, mainly in emerging markets. BOSTON (Reuters) - Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. Eric Mindich. Eric Mindich, who was born on August 29, 1967, is 54 years old as of today, March 20, 2022. Malniks father, Alvin, is a developer and former co-owner of Title Loans of America. stevensville montana murders. This year you had to be worth at least $1.55 billion the most since Forbes started the list in 1982 to make the . People willing to pay $65,000 for a car will pay $75,000 if they can get back $7,500 as a federal tax credit and $2,500 as a state credit (available, for example, in California). Case in point: Eric Mindich, who will turn 50 this year, became the youngest ever partner at Goldman Sachs more than 20 years ago at age 27, earning him a reputation as a "Wall Street wunderkind." As with all top traders of his generation, Mindich subsequently left Goldman Sachs and launched a hedge fund. Can also become an activist and attempt to take control of a company by buying a majority of its equity or, in bankruptcy, its debt. A leader among activists, he focuses on retail, and owns Sears (which owns Kmart) and AutoNation. Former math professor is king of the "black box" investorsfunds that use top-secret algorithms and invest largely by computer. During his career, the prolific actor inhabited an array of troubled characters. However, He is married to Stacey Mindich, a former senior editor at Town and Country. This GuruFocus chart shows Eton Parks sectoral holdings on March 31, just a week after Mindich announced the firms closing: This top 10 list of equity holdings, again dated March 31, also comes from GuruFocus: Not surprisingly for a hedge fund, the top line shows derivatives being the biggest sector. 3 sons, Mike Wallace, Edward Minskoff, and William Lauder. Caught up in SEC investigation owing to questionable moves with stake in King Pharmaceuticals. Bailed too early on OSI. Maybe hell hang in for three years. It also reports flat performance during the first quarter of 2017, and that assets had dropped by half since 2011. He had just the right ancestor. Maybe some clever derivatives will do the trick. That included becoming the firms youngest partner, in 1994, at the age of 27. Eric Mindich subsequently founded Eton Parkcapital management in early 2004, with over $ 3 billion in the capital, making it one of the largest start-up fund launches in history. Event-Orient: Acting in situations where an announced or anticipated event leads to pricing inefficiencies. Shaw & Co. Still, he has number of good operations. Hedge-Fund Investor: An early practitioner of activism who has exported his approach to Japan and now the rest of Asia. Young Buck: Not afraid to sue or be sued., Barry RosensteinJANA PartnersSize: $5.8 billionStyle: Stock pickerLocation: San FranciscoOnetime Merrill Lynch investment banker. Now the fund is being shut down, becoming the year's most prominent casualty. better off working in long-only asset management. Currently needling Japans Sapporo Holdings, known to sushi lovers the world over. Former computer-science professor left to start own fundin the prosaic realm of statistical arbitragein 1988. Fundamental company data provided by Morningstar, updated daily. As of March 2023, Jose Carreras's net worth is estimated to be $250 Million. Louis Bacon. Ironically, his last full year before winding down also came in at 9.4%, but on the negative side. In 1988, he received a Bachelor of Arts in Economics, summa cum laude from Harvard. If youre looking for a firm thats likely to succeed its founder and keep on thriving, this is the best example. Young Buck: His personal earnings are $250 million a year., James ChanosKynikos AssociatesSize: $3 billionStyle: Stock pickerLocation: ManhattanOne of few short sellers to escape the nineties bull market alive. Malniks family is well-known in Miami Beach for its philanthropic work with the Make-A-Wish Foundation. Thats just the transformation he undertook at CCH. . Old Hand: One of the great activists. Hedge-Fund Investor: A quiet, almost antisocial guy who is a machine at investing. Since 2004 . Just because your finance career flies in your 20s, don't assume it will maintain the same sort of elevation two decades later on. Eton Park is shutting down. Malnik sold the four-bedroom, four-and-a-half-bathroom house at 222 Ocean Drive to Mark and Jessica Mindich, according to property records. Co-founded PayPal. The hedge fund manager is worth, my colleagues estimate, $3.1 billion. Tesla's response: It's beating expectations with its Nevada Gigafactory;buyers ofelectric vehicles from GM and other manufacturers also get credits;"our biggest competitors, including the oil and gas industry, receive trillions of dollars in subsidies each year.". Its too soon to know how much damage the recent tax change will do to hedge funders. Net worth estimated at $1.7 billion. Following huge crowds on Ocean Drive during Spring Break, the Miami Beach City Commission voted last week to roll back alcohol hours to 2 a.m. until early December in the mixed entertainment district, which is between Ocean Drive and Collins Avenue south of 16th Street. Said to have been a big beneficiary of Amaranth blow-up. A caveat, to begin: as hedge fund operators, Mindich and Eton Park are not required to file regulatory reports on their performance. In 1988, after college, he joined the firm full time and enjoyed a storied, 15-year career. David GanekLevel Global InvestorsSize: N/AStyle: Stock pickerLocation: Greenwich, Conn. One of the first SAC employees to head out on his own. He is very active in philanthropy, is the President of the Lincoln Center Theater Board of Directors, has supported Harvard, and is also a member of the board of trustees at Mount Sinai Hospital. Just Google it. Young Buck: A solid value investor whos not afraid to shake up bad management., Thomas HudsonPirate CapitalSize: $1.1 billion Style: Stock pickerLocation: Norwalk, Conn. The firm invested in a range of markets and products, including public equity, fixed income and derivatives markets. He went ahead and created his organization, which was a significant step for him. This password will be used to sign into all, I Inherited Millions From My Mother, and Everyone Knows, Shania Twain Gives Rare Update on Her Ex-Husband and Ex-BFF, Journey Should Probably Go Their Separate Ways, 6 Stand-ups Analyze ChatGPTs Attempts to Steal Their Jobs, 10 Things That Delighted Us Last Week: From Glass Jars to Guayabera Shirts. A former Citigroup and Goldman Sachs fixed-income trader, Talpins is the type of macro investor who bets on interest rates, bonds and currencies. Thirteen years later, he is shutting down Eton Park Capital Management, which at the end of 2016 had only $7 billion in assets. That included becoming the firm"s youngest partner, in 1994, at the age of 27. He was also a member of the Phoenix SK Club in the same university. Stock quotes provided by InterActive Data. Regardless of structural reasons for closures, it hardly makes sense for institutional investors or others to pay high management and performance fees for mediocre performance. From 2004 to 2017, he was Chief Executive Officer and Founder of Eton Park Capital Management. Pax World Management, an activist shareholder, has reportedly convinced Goldman to take proactive steps to address the disparities in mens and womens compensation. See Eric Morton Mindich's compensation, career history, education, & memberships. (Bloomberg), Qatar, the worlds richest country per capita, is overhauling its $335bn sovereign wealth fund for the second time in three years. The firm is privately owned and controlled by Mindich. Then there is Jeffrey Talpins. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Eric has made a lot of money through his business and corporate ventures. Would a tighter focus and specialization lead to better outcomes? This is a huge amount of money. At risk if he doesnt put up big numbers soon. Despite all that, he moved out and started a hedge fund, called Eton Park Capital Management, in 1995. Sticker shock: Ranking South Floridas priciest residential rentals, Here are Chicago's top 10 construction permits issued in May. Distressed Investor: Buys and sells the securities of companies in trouble, where there tends to be larger-than-usual differences of opinion over the relative merits of a stock or bond. Mr. Mindich . Old Hand: A great example of a guy who has been able to build a terrific organization as well as a good fund. And hes becoming the next Warren Buffett in the process. Young Buck: Takes highly concentrated control positions in the companies he invests in., Kenneth GriffinCitadel Investment GroupSize: $13.5 billion Style: TraderLocation: ChicagoUsed to be one of the most secretive guys. Age, Height, and Weight Being born on 28 January 1968, Rakim is 55 years old as of today's date 2nd March 2023. It has gone into three disparate areas: equities, fixed income and alternative investments. Salary, Earnings As of March 2022, his net worth is expected to be around $10 billion. Big fan of Jeff Koons. Without low cost access to land they would go out of business., Stock Market Losers: New Lows For CVS, Hormel And Silvergate, Heres The Schedule For The Feds Upcoming Meetings And What To Expect, 1 Simple Trick To Magnify Your Dividends, Could The Housing Market Collapse Again? On August 29, 1967, Eric Mindich was born. Not from Goldman?) In addition, he was a member of the Phoenix SK Club at the same university. Old Hand: Not such a great year last year, but hes like buyout legend Leon Cooperman. Used to make his money in energy through companies; now hes in hedge funds. Young Buck: Pickens makes huge bets. Privacy Policy and Parties with Guerlain, Margiela, and more. He is best known for his performances in the operas of Donizetti, Verdi, and Puccini. BNY Mellon has committed to doing the same. Old Hand: A visible and outspoken activist. Although the precise amount is unknown. He is well-known for his early partnership with Goldman Sachs at the age of 27, making him the firms youngest partner in history. Both specific years and an overview must be pieced together from other published information. HOME; ABOUT; SERVICES; LOCATION; CONTACT; why is pibb xtra so hard to find 2022 According to another New York Times Dealbook articlefrom 2015, hedge funds were closing then because of extra regulation (Dodd-Frank Act), the volatility of markets and additional investor scrutiny. Tom Sandoval and Ariana Madix have broken up after he allegedly cheated on her with Raquel Leviss. In 1988, after college, he joined the firm full time and enjoyed a storied, 15-year career. Many people praised his charity endeavors, and his life continues to inspire people. This is evidenced by the fact that he graduated from Harvard with a Bachelor of Arts in Economics in 1988 .thereafter, he continued working at Goldman Sachs, where he became the youngest partner in the firms history, at the tender age of 27. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. When he was 16, he was introduced to Islam and later changed his name to Rakim Allah. The plumber created one job when he hung out his shingle. Likes Republicans: Dan Quayle is on Cerberus team; former Treasury secretary John Snow is chairman. You may opt-out by, Brexit Peters Out As Windsor Framework Close To Agreement, Most Funds Have Been Rotating From Growth Back To Value, But This Asset Manager Still Prefers Value, Forget About Too Big To Fail, Now Theres Too Big To Try, Who Would Become A Politician - Social Media Sows Divides And Divorce, Why Some Fund Managers Prefer Dividends Over Share Buybacks, Democracys Keynes Moment - Time To Bolster Democracy, Diverging World - Strong Labour Markets May Force The Fed To Hike Rates Further. In turning the resulting family fortune into a considerably larger fortune, Thorne had another stroke of luck: having just the right descendant. Keep reading this article to know more about Gary Numan in 2023. (New York Times), U.S. fees are up 19% to $8.8bn in the first quarter, and Goldman Sachs is still at the top of the mergers and acquisitions league table, while JPMorgan ranks first for equity and debt capital markets. Executive-produced the movie of Christopher Buckleys Thank You for Smoking. If there were a high philosopher of hedge funds, Ray Dalio would want to be that man. Income estimates from Trader Monthly. To the extent that there have been exceptions in this era of hedge fund disappointment, they have mostly come from the world of computer-driven quantitative trading and large multi-manager modelsand even there it has only been the elite (think Renaissance or Citadel) that have consistently done well. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. According to Forbes, the 400 people on the annual list posted a combined net worth of $2 trillion, up from $1.7 trillion a year ago. Fired from Goldman over extramarital affair. He later suffered considerable losses in 2016, prompting him to close his business in 2017. Gurus may be added or dropped from the GuruFocus site at any time. The firm expects. At 27, he became the youngest partner in the history of the firm. Old Hand: A great arbitrageur who learned under Soros. This was an exceptional achievement at the time. Goldman agreed to enhance pay equity disclosures in an upcoming report, according to Bloomberg. ", metropolitan commuter transportation mobility, e let local farmers use this land at low cost to support crop production, beef and dairy cattle, which is a tremendous boon to the local small farmer community. TikToks Favorite Celebrity Couple Is Kim Kardashian and Michael Cera. Opinions expressed by Forbes Contributors are their own. 35 spot, up from No. Eric Mildich accomplished a lot in his career at such a young age and remained steadfast in his ambitions. He has received many awards. Old Hand: Clearly the dean of short sellers. Because of the complex strategies employed by Mindich, it is hard for value investors to find much to emulate or study, even though Mindich employed some value tactics in his operations. Its goal was to give investors risk-adjusted returns over multiyear periods. Sinai is a premier teaching institution. The chairman and CEO of Dell has an estimated net worth of $19.8 billion, earning him the No. But managers of investment partnerships are able, in effect, to treat both the earned income and the appreciation as a capital gain, at least if they hold positions long enough. Eric Mindich is a passionate businessman, philanthropist, and founder of Eton Par Capital Management which operated for a long time before shutting down in 2017. You\'ll receive the next newsletter in your inbox. His height is 1.67 m tall, and his weight is 85 kg. Jonathan Anderson gets one of the first qualities of great fashion that it has to feel a bit strange. Stock Picker: Differs from the trader in that stock pickers tend to analyze a companys (or an industrys or a countrys) fundamental business and make informed bets on their future direction. Stepped back from active management to focus on biomolecular research, but still takes home the biggest paycheck, an estimated $500 million in 2005. The kid quadrupled the value of the company, more than half of it owned by him and his relatives. His net worth is $177 billion, Forbes reports. Davos 2013 Participant List. Travis Barkers Finger Is Now the Enema of Blink-182 Fans. It further says the hedge fund strategies are too complex and too costly, especially when underperforming (as they often have since 2008). The Biden administrations policy of blocking unvaccinated people from the country continues to make little sense. (Bilal Hafeez), 2023 eFinancialCareers - All rights reserved. Made his own fortune in the process. They currently reside in 730 Park, but they also have a summer residence in Water Mill, America. Lives in a 32,000-square-foot house on a fourteen-acre estate in Greenwich. Find thousands of job opportunities by signing up to eFinancialCareers today. Loeb, famous as an activist investor, seems to be taking an activist-with-patience approach in his recent stakes in food companies. $2.5 . Known as much for his writing as his investing. Is building what could be the great contemporary-art collection of our time. Old Hand: Griffin started trading in his Harvard dorm room at Cabot House. Hedge-Fund Investor: He got married at Versailles. Young Buck: A tough boss with high expectations., Michael NovogratzFortress Investment GroupSize: $4.6 billionStyle: TraderLocation: ManhattanA president of Fortress, Novogratz cashed in with colleagues Peter Briger and Wesley Edens when the firm went public earlier this year. (MarketWatch), Mulling what to do with all of your spare time after retiring from your successful financial services career? If you do not know, We have prepared this article about details of Eric Mindichs short biography-wiki, career, professional life, personal life, wife, girlfriend, dating, divorce, kids, todays net worth, age, height, weight, and more facts. Talpins is quite simply the hottest hedge fund manager on the planet. Call Us: (02) 9223 2502 . Asset-Backed & Structured Credit: Investments that are backstopped by assets, including trust preferred securities, aircraft leases, mutual fund fees and other. The articles do not mention if these results are net (after management and performance fees are paid), but presumably they are gross. He just hired Larry Summers off the beach after Harvard. Young Buck: One of the largest hedge funds in the world at the moment, isnt it?, Clifford AsnessAQR Capital ManagementSize: $9.5 billionStyle: Quantitative investorLocation: Greenwich, Conn. Quit in 2003. Sinai is a premier teaching institution. The once-swashbuckling industry has been rocked by disappointing returns that have humbled hedge fund stock pickers, activists, macro traders and, as is natural in a long bull market, short sellers. Mark Mindich is chief operating officer of Meritage Group, a San Francisco-based investment adviser with about $11 billion assets under management, according to its website. The home was built in 1930 and reconstructed by Todd Michael Glaser, according to the listing. Eton Park, a global multi-strategy investment firm, at its 2004 founding was then the largest startup fund in history and had peak assets of over $14 billion. If you are unaware, we have prepared this page with information about Eric Mindichs short biography-wiki, career, professional life, personal life, wife, girlfriend, dating, divorce, kids, current net worth, age, height, weight, and other statistics. object stated in reference as. He is still very active in business, but we see him more engaged with his foundation in the future. Old Hand: Another activist, but his deal with BKF I dont think worked too well. Rick Scott Is Unfortunately Right About Novak Djokovic. As to the closing of his firm, Bloomberg cites a passage from Mindich"s letter to clients, explaining that a confluence of issues led to his decision to close: He says this combination "challenged our ability to continue to maintain the scale and scope we believe necessary to pursue our investment program consistent with our founding principles.". He gave so much money to the business school at Carnegie Mellon that they named it after him. Young Buck: The preeminent distressed investor of the past ten years., Eddie LampertESL InvestmentsSize: $18 billion Style: Stock pickerLocation: Greenwich, Conn. Once kidnapped. This is a hedge fund that has grown up and excelled during the years after the financial crisis in which the vast majority of hedge funds have struggled mightily. Taxpayers would be buying more guidebooks. Eric Mindich. It is of less value to portfolio managers with short holding periods. Tirico is ESPNs lead NFL play-by-play announcer, second in line on the . Jessica Mindich is a former lawyer and the founder and CEO of the Caliber Collection, which transforms bullet casings into jewelry. A Fortune article from 2012 notes Mindich lost 11% in 2011. In a world without tax breaks it would not exist. His philanthropic activities are many. Jason Statham and Aubrey Plaza do not seem like a match made in action-comedy-chemistry heaven, but it somehow works. (Bloomberg), Theres an argument for elite colleges and universities to move to a lottery system for admissions. Estimated net worth of $2.5 billion. Most talked-about hedge-fund manager. Old Hand: Built a great business. Old Hand: The team to beat. He is known for his partnership with Goldman Sachs at the early age of 27, thus becoming the youngest partner in the firms history, which was a major feat. In addition,Bloomberg puts Mindichs average annual return since inception at 9.4%. Oh, Loosey! If you love Scrabble, you'll love the wonderful word game fun of Just Words. Michael Steinhardt. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. He said his surgery was a success, but he needs time to heal before he can tour again. Like the rest of his careerto that timeit was newsworthy. Warning! (adsbygoogle=window.adsbygoogle||[]).push({}); Scroll below and check our most recent updates about Wilfred Von der Ahe's Estimated Net Worth, Age, Biography, Career, Height, Weight, Family, Wiki. Click here to check it out. His salary from the state for his role as attorney general pays $184,358.52 as of 2021, which is more than the $174,000 he would receive if elected to the U.S. Senate. But I want a reduction, too. (Bloomberg), Citigroups global head of G-10 currency strategy Steven Englander has quit to join the hedge fund Rafiki Capital Management. Young Buck: Gotta love that Fortress stock price., James SimonsRenaissance TechnologiesSize: $24 billionStyle: Quantitative investorLocation: East Setauket, N.Y. Former math professor is king of the black box investorsfunds that use top-secret algorithms and invest largely by computer. Mindich began her career as a journalist, working at the New York Times, and at the same time contributing to Vogue, Newsday, Self, Harper's Bazaar, and Departures. This is demonstrated by the fact that he graduated from Harvard in 1988 with a Bachelor of Arts in Economics. People think hes self-serving, but it seems to be working for him. Hedge-Fund Investor: He writes hilarious letters. As will be seen below, Mindichs performance has been spotty and he likely has not collected performance fees in many of the past 10 years. He graduated with a Bachelor of Arts in Economics, summa cum laude from Harvard in 1988. Derivatives: Used to take a fundamental investment position, to hedge positions or adjust market exposure or to profit from derivative transactions. We suppose then that Eric has a significant net worth to his name. A plumber in Queens has to pay a lot of taxes: federal income tax, state income tax, city income tax, self-employment tax, metropolitan commuter transportation mobility tax, unincorporated business tax. On the other hand, the net worth may be depleted by annual operating losses or a substantial decrease in . Three of our eight anonymous panelists agreed to provide additional thoughts on the managers in the following pages. As of March 2022, his net worth is expected to be around $10 billion. Youve got some Janning to do! Daniel Loeb. Thirteen years later, he is shutting down Eton Park Capital Management, which at the end of 2016 had only $7 billion in assets. For alternative investments, it put its money into derivatives, residential and commercial mortgage-backed securities as well as other securities with asset-backing and collateralized debt instruments, mainly in emerging markets. View Others View Public Details & Court Records See Who's Searching for You See Sites with Your Personal Info Make Changes to What Other's See Lock Sections of Your Profile Old Hand: Simons doesnt hire anyone who actually knows where Wall Street is. Attempted largest hostile takeover attempt in Korean history when he went after tobacco maker KT&G with idol Carl Icahn. Presently, they live at 730 Park, but they also have a summer home in Water Mill, America. George Soros. Eric has made a lot of money through his endeavors in business and the corporate sector. One of many to leave the fold and start a hedge fund. According to Bloomberg, the firm uses fundamental analysis to create its portfolios within those strategic categories. Stacey Mindich is a two-time Tony Award-winning Broadway producer, a recipient of the 2016 Robert Whitehead Award for Excellence in Commercial Producing and winner of the 2018 Grammy Award as a producer for Best Musical Theater Album. Hedge-Fund Investor: He left Lazard high and dry. While there are one or two photos of Talpins floating around the Internet, Forbes does not have a legal right to publish any of them. Bloomberg reports Mindich lost 9.4% in 2016. After Dax Shepard asked her about her musical chairs relationship situation. He launched with $3.5 billion, which was considered the largest fund launch at that time. Old Hand: Clearly a great global stock picker. Young Buck: Something obviously runs in the family. He is based in America and is well-known for his multiple accomplishments, some of which he accomplished while he was very young. Refer a Friend and Earn One Month of Free Membership. Old Hand: A good global investor who is developing his business slowly and methodically. Hedge-Fund Investor: Hes doing more than just technology now, some sort of venture-capital effort., William von MuefflingCantillon Capital ManagementSize: $8.1 billion Style: Stock pickerLocation: ManhattanMade name at Lazard investing in tech and telecom, and credited with putting the banks hedge-fund business on the map. One of many top hedge-fund managers to come out of Goldman Sachs, Perry is pals with Eddie Lampert. Ran the junk-bond desk at Goldman. The couple has three sons and. Libertarian who founded the Stanford Review. technique - and why do banks like it? She was also Senior Editor at Town & Country, where she spent most of her journalistic career. His height is 1.73 m tall, and weight is 77 kg. CCH minted money. Estimated net worth of $1 billion. Eloy Carmenate and Mick Duchon of the Corcoran Group represented the buyer and seller. Julia Fox, Paris Hilton, and More of the Bestest Party Pics This Week. Save my name, email, and website in this browser for the next time I comment. Eric Mindich was born on the 29th of August, 1967. 1 reference. Karen R. Adler is an independent management consultant working with high-net-worth families and their foundations. CT merged into something called Commerce Clearing House. Eric Mindich is Chief Executive Officer and Founder of Eton Park Capital Management, a global, multi-disciplinary, team-oriented investment organization dedicated to delivering superior risk-adjusted returns over multi-year periods. The tax code also has solar credits that find their way, via the same indirect route, into Teslas bank account. Old Hand: As much an activist investor as a distressed one. Hedge-Fund Investor: Great numbers, but very volatile. In. Mindich had what would have been, for many, the best of summer jobs: Working after high school and during summer breaks at Goldman Sachs ( GS) while earning a degree in economics at Harvard. Huge philanthropist to boot, donating more than $200 million in 2005. An activist investor of the vocal sort, thought to be as obnoxious as Daniel Loeb when going after wayward executives such as those at Kerr-McGee. The firm lists several strategies in its Form ADV Part 2A (with the fund now winding down, it may not use any or all at this time). Hes dangerous, hes terrifying, hes an extra in, How to Watch the 2023 Oscars Celebrate All 23 Categories Live Again. He led the risk arbitrage section and managed the equities division from 1992 to 2000, then became co-chief operating officer of the equities division. I still see Tesla as a rent-seeking operation. He joined Goldman Sachs in 1988 in the equities arbitrage department. Longtime focus on consolidation of global stock exchanges, including NYSE, Euronext, and Deutsche Boerse. (Business Insider), Jay Clayton, who President Trump chose to lead the Securities and Exchange Commission, told Congress that his past work as a Wall Street lawyer is a strength and called for scaling back regulations and expressed skepticism about the usefulness of large corporate penalties. Collects black-and-white photographs and is on the board of the International Center of Photography. Old Hand: Its too soon to tell with Mindich. He later made some losses in 2016, which caused him to shut down in 2017. Though his early life is unclear, his fathers name is Mel, and he currently designs golf courses. Sweeney ranked 608 in the initial ranking, and while Forbes has not updated its list from earlier this month, others with a net worth of.