James Simons Biography– James Harris Simons born 25 April 1938, is an American mathematician, philanthropist, and wealthy hedge fund manager. Renaissance Technologies, a quantitative hedge fund based in East Setauket, New York, was founded by him.
He and his fund are recognized for being quantitative investors, who profit from market inefficiencies using mathematical models and algorithms. Simons is known as the “greatest investor on Wall Street” and “the most successful hedge fund manager of all time” because of Renaissance and its Medallion Fund’s long-term aggregate investment returns.
Simons’ net worth is estimated to be $26 billion, according to Bloomberg Billionaires Index, making him the world’s 66th richest person.
Simons is well-known for his pattern recognition research. With Shiing-Shen Chern, he created the Chern–Simons form, which led to the development of string theory by offering a theoretical framework for combining geometry and topology with quantum field theory.
Simons and his wife established the Simons Foundation in 1994 to assist research in mathematics and the fundamental sciences.
He is a major donor to the University of California, Berkeley, where he established the Simons Institute for the Theory of Computing in 2012 and is on the board of trustees of Berkeley’s Mathematical Sciences Research Institute.
The International Astronomical Union named asteroid 6618 Jimsimons after Simons in 2016 in appreciation of his contributions to mathematics and philanthropy. It was discovered by Clyde Tombaugh in 1936.
Who is James Simons ?
James Simons is a philanthropist, hedge fund manager, and mathematician from the United States. His current net worth is $26 billion.
He grew up in Brookline, Massachusetts, as the only child of Jewish parents Marcia and Matthew Simons.
He earned a Bachelor of Science in mathematics from the Massachusetts Institute of Technology and a Ph.D. in mathematics from the University of California, Berkeley.
He started Renaissance Technologies, a private hedge fund that analyzes and executes trades using mathematical models, many of which are automated.
A quantitative investor, the mathematician is well-known. He left the fund in 2009, but he continues to serve as its non-executive chairman and adviser.
His hedge funds, for example, employ computer-based models to forecast price fluctuations in financial products.
James Simons Net Worth: How much does he have?
James Simons is a $26 billion dollar American mathematician, hedge fund manager, and philanthropist. Hedge fund manager James Simons amassed his fortune. He is well known as the founder and CEO of Renaissance Technologies.
He is also a trustee at Brookhaven National Laboratory, Rockefeller University’s Institute for Advanced Study, and Berkeley’s Mathematical Research Institute, as well as a member of the MIT Corporation board of directors.
James Simons Career
In relation to his career, James Simons is best known for his pattern recognition research, for which he created the Chern-Simons form. He also helped to advance string theory by providing a theoretical framework for combining geometry and topology with quantum field theory.
Until 1978, he was also a mathematics professor at Stony Brook University.
According to Forbes magazine, his net worth was projected to be $18 billion in August 2017.
The asteroid 6618 Jimsimons, discovered by Clyde Tombaugh in 1936, was named after the mathematician in 2016. It was given to him by the International Astronomical Union in recognition of his countless accomplishments.
In addition, he got the title of Financial Engineer of the Year from the same union in 2006.
He earned $2.8 billion in 2007, $1.7 billion in 2006, and $1.5 billion in 2005, according to estimates.
Simons received numerous honors and accolades for his contributions to geometry and topology, including the 1976 AMS Oswald Veblen Prize in Geometry.
Simons contributes heavily to Democratic Party political action organizations. In the 2016 election season, he was the #5 donor to federal candidates. He has donated $7 million to Hillary Clinton’s Priorities USA Action, among other organizations.
James Simons Age: How old is he?
James Simons age is 84 years, born in Brookline, Massachusetts, on April 25, 1938. He graduated from the Massachusetts Institute of Technology with a bachelor’s degree in mathematics in 1958 and a Ph.D. in mathematics from the University of California, Berkeley in 1961.
Simons served as a codebreaker for the National Security Agency during the Vietnam War and was a member of the Institute for Defense Analyses’ research team until 1968.
James Simons Wife: Marilyn Hawrys Simons
James Simons is currently married to Marilyn Hawrys Simons, who is a second wife. James Simons has been a very busy man who has been involved in both research and entrepreneurship.
Despite his busy career, he still found time to maintain an active personal life. He has had two marriages. Barbara Bluestein was his first wife. In 1959, they married and divorced in 1974.
Marilyn Hawrys Simons is his second and current wife. He has three sons and daughters. He resides in the town of East Setauket, New York.