John Arnold, a onetime natural gas trader at Enron Corp., became the highest-paid manager last year, earning between $1.5 billion and $2 billion, according to a poll. His Centaurus Energy is an energy hedge fund.
Some hedge fund traders are actually very young. One of my clients Dan Zwirn is only 35. The top earner John Arnold is even younger, only 33.
You can be rich and young, if you devoted to an investment banking career. Dan Zwirn was traveling on his private plane when I scheduled his interviews in Asia. Let’s take a look at his income and bio.
Here are the twin stars’ age and their estimated income:
John Arnold (33) - GBP 750 million – 1 billion
Dan Zwirn (35) – GBP 40-50 million
Source: Trader Monthly
Daniel Zwirn – Set up his hedge fund at the age of 29
Daniel Zwirn has proven to be a successful young investor. A Wharton graduate, did stints with $8 billion Highbridge Capital Management and MSD Capital, the private investment fund of computer billionaire Michael Dell, prior to opening his own shop DB Zwirn in 2001, when he was only 29.
Daniel Zwirn – Bio
1993 BS, University of Pennsylvania, Wharton School of Business
1993 BAS, University of Pennsylvania, Moore School of Electrical Engineering
1993 Analyst, Lazard Frères
1996 Portfolio Manager, MSD Capital
1997 Davidson Kempner Partners
1998 MBA, Harvard Business School
2001 – 2003, MD & Senior Portfolio Manager, Highbridge Capital Management
2001 – present, Founder, DB Zwirn
Mr. Zwirn received an M.B.A. from the Harvard Business School in 1998, a B.S. in Economics with a triple concentration in Accounting, Finance and Corporate Control (self-designed), cum laude, from the University of Pennsylvania’s Wharton School of Business in 1993, and a B.A.S. in Computer Science, cum laude, from the University of Pennsylvania’s Moore School of Electrical Engineering in 1993.
Recommended career tools: