Paul Singer (businessman)
American businessman (born 1944) / From Wikipedia, the free encyclopedia
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Paul Elliott Singer (born 22 August 1944) is an American hedge fund manager, activist investor, and the founder, president, and co-CEO of Elliott Management.[1][2][3] As of March 2024, Forbes estimated his net worth at US$6.1 billion.[4] Fortune described Singer as one of the "smartest and toughest money managers" in the hedge fund industry.[5] A number of sources have branded him a vulture capitalist, largely on account of his role at Elliott Management, which is a vulture fund.[6][7][8][9] The Independent has described him as "a pioneer in the business of buying up sovereign bonds on the cheap, and then going after countries for unpaid debts".[10]
Paul Singer | |
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Born | Paul Elliott Singer (1944-08-22) August 22, 1944 (age 79) Teaneck, New Jersey, U.S. |
Education | University of Rochester (BS) Harvard University (JD) |
Known for | Founder, president, co-CEO, and co-CIO of Elliott Management |
Political party | Republican |
Children | 2 sons |
Singer's Elliott Management has focused on activist campaigns, in which they take an equity stake in a company and agitate using influence and voting rights to encourage change, and they have also expanded into private equity.[11] Singer's political activities include financial support for LGBTQ rights.[6][12][13] He has provided funding to the Manhattan Institute for Policy Research,[5] is a strong opponent of raising taxes for the wealthiest 1 percent of taxpayers, such as himself, and opposes aspects of the Dodd-Frank Act.[5] Singer is active in Republican Party politics, and he and others affiliated with Elliott Management are collectively "the top source of contributions" to the National Republican Senatorial Committee.[14]