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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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.
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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Earns an MBA from Columbia Business School (Academic Achievement).
Named Chairman and CEO of Goldman Sachs Asset Management (Executive Ascent).
Founds Omega Advisors (Founding).
Charged with insider trading by the SEC (Legal Crisis).
Closes Omega Advisors to external capital, converting it to a family office (Executive Transition).
Continues as Founder and Chairman, managing his personal wealth and philanthropy (Executive Oversight).
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.
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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.
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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“I am a rich person who cares. I've given away over half my money. I'm not a selfish billionaire.”
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This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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