The Richest People In America: Daniel Och

#95 Daniel Och

$3.9 billion
Source Och-Ziff Capital Management Gr (quote: OZM), Finance, Self made

Age 47
Marital Status Married, 3 children

Hometown New York, NY, United States
Education University of Pennsylvania Wharton School, Bachelor of Arts / Science

Wharton grad took job in arbitrage at Goldman Sachs 1982; worked with billionaires Edward Lampert, Thomas Steyer, Richard Perry. Left to launch Och-Ziff hedge fund with $100 million initial investment from Ziff brothers. Public offering last November; stock down 50% since. Assets under management: $33 billion. Flagship fund up 16% annually net of fees since 1994; rose 11.5% in 2007.

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