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Leon G. Cooperman

Leon G. Cooperman

L. Cooperman
0% | + $0.00M
$3.61 B ₹ 32,869 Cr
Real Time Net Worth #1172 Ranking as of 21 Feb 2026 By Forbes

More on Leon G. Cooperman

Gender

Male

Age

82Y

Country

United States

Born On

April, 1943

Deceased

No

Relationship Status

Married

Children

2

Education

Hunter College - BA

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Hedge Fund)

Primary Organization

Omega Family Office

Titles

Chairman & CEO

Sources of Wealth

Omega Advisors

Industry

Hedge Funds, Finance, Investments

About Leon G. Cooperman


L eon "Lee" Cooperman is a legendary American investor and hedge fund manager with a classic rags-to-riches story. The son of a plumber from the South Bronx, Cooperman attended Hunter College and Columbia Business School before embarking on a long and storied career at Goldman Sachs. He spent 25 years at the investment bank, rising to become the chairman and CEO of Goldman Sachs Asset Management. He was renowned for his stock-picking prowess and deep fundamental analysis.

In 1991, Cooperman left Goldman to launch his own hedge fund, Omega Advisors. For decades, Omega delivered strong returns to its investors through Cooperman's value-oriented investment philosophy. In 2016, he and his firm were charged with insider trading by the SEC, a charge he vehemently denied but ultimately settled without admitting guilt. In 2018, he announced he was converting Omega into a family office to manage his personal fortune. A signatory of The Giving Pledge, Cooperman is a dedicated philanthropist who has donated hundreds of millions of dollars, particularly to education and healthcare institutions like Columbia Business School and Saint Barnabas Medical Center.

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Quick Reads


  • Founder of the hedge fund Omega Advisors.
  • Worked at Goldman Sachs for 25 years, rising to CEO of its asset management division.
  • Known for his value investing approach to the stock market.
  • Converted Omega Advisors into a family office in 2018.
  • A signatory of The Giving Pledge, he has committed to giving away most of his fortune.
  • Son of a plumber from the Bronx, he is a prominent example of a self-made Wall Street titan.

Early Life and Background


Leon 'Lee' G. Cooperman is an American businessman, the self-made billionaire Founder and Chairman of Omega Advisors, a major hedge fund specializing in long/short value investing. Born in The Bronx, New York, in 1943, his childhood was marked by a working-class background; his father was a plumber and mother was a homemaker.

Cooperman graduated from Hunter College (1965) and earned an MBA from Columbia Business School in 1967. His career began with an extraordinary 25-year tenure at Goldman Sachs, where he served as Chairman and CEO of Goldman Sachs Asset Management (leading the bank's investment committee). His philosophy centers on disciplined, fundamental value investing and high-impact philanthropy.

  • Omega Advisors (Founder & Chairman): The core private asset, a major hedge fund that closed to external capital in 2018 (converting to a family office), specializing in long/short equity value investing.
  • Goldman Sachs (Former Chairman & CEO of Asset Management): His foundational career role (25 years).
  • Controversy: He was charged with insider trading by the SEC in 2016 (settling for $4.9 million without admitting or denying guilt).
  • Philanthropy: He is a Giving Pledge signatory and has donated over $100 million to Hunter College (his alma mater) and medical research (Mt. Sinai).

Career Journey of Leon G. Cooperman


Leon Cooperman's strategic genius was his commitment to fundamental value investing (identifying undervalued companies). He founded Omega Advisors in 1991 with his former partners from Goldman Sachs, quickly growing it into a major global fund. His structural contribution is tied to the successful institutionalization of fundamental value investing in the hedge fund industry.

His career faced a major crisis in 2016 when the SEC charged him with insider trading (alleging that he used confidential information from a natural gas company he controlled). He settled the charges for $4.9 million in 2017. He closed Omega Advisors to external capital in 2018, converting it into a family office. His wealth is secured by the long-term, superior returns generated by his fund's successful value strategies.

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Leon G. Cooperman's Timeline


1967:

Earns an MBA from Columbia Business School (Academic Achievement).

1983:

Named Chairman and CEO of Goldman Sachs Asset Management (Executive Ascent).

1991:

Founds Omega Advisors (Founding).

2016 (September):

Charged with insider trading by the SEC (Legal Crisis).

2018 (December):

Closes Omega Advisors to external capital, converting it to a family office (Executive Transition).

Ongoing:

Continues as Founder and Chairman, managing his personal wealth and philanthropy (Executive Oversight).

Major Business Ventures and Investments


Leon G. Cooperman's wealth is concentrated in his founding equity and retained capital from Omega Advisors (now a family office) and his investment portfolio.

  • Omega Advisors (Founder & Chairman): The core private asset, a major hedge fund that closed to external capital in 2018 (converting to a family office), specializing in long/short equity value investing.
  • Goldman Sachs (Former Chairman & CEO of Asset Management): His foundational career role (25 years).
  • Controversy: He was charged with insider trading by the SEC in 2016 (settling for $4.9 million without admitting or denying guilt).
  • Philanthropy: He is a Giving Pledge signatory and has donated over $100 million to Hunter College (his alma mater) and medical research (Mt. Sinai).

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Philanthropy and Social Impact


Leon Cooperman is a Giving Pledge signatory. His structural social impact is tied to his funding of educational opportunity for students from low-income backgrounds. He has donated over $100 million to Hunter College (his alma mater), creating scholarship programs and establishing the Cooperman College Scholars program to support underprivileged students attending Ivy League schools.

His structural contribution is tied to his belief in capitalism as a force for social mobility and his commitment to high-impact philanthropy.

Fashion, Style, and Lifestyle


Leon Cooperman maintains the professional, composed style of a Wall Street executive. His attire is consistently bespoke, favoring dark, tailored suits. His aesthetic reflects stability and immense financial authority, typical of a leader in the global hedge fund sector.

Residing in Short Hills, New Jersey, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, financial discipline, and high-impact philanthropy.

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Quotes and Philosophy


“I am a rich person who cares. I've given away over half my money. I'm not a selfish billionaire.”

Fun Facts & Trivia


  • He is the Founder of Omega Advisors (now a family office) and a Giving Pledge signatory.
  • He was the Chairman and CEO of Goldman Sachs Asset Management.
  • He was charged with insider trading by the SEC in 2016 (settling for $4.9 million).
  • His father was a plumber; he was the first in his family to achieve massive wealth.
  • He donated over $100 million to Hunter College (his alma mater).
  • He is known for his outspoken defense of capitalism.
  • His wealth is tied to the successful monetization of fundamental value investing.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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