Louis Bacon Net Worth

What is Louis Bacon's Net Worth?

Louis Bacon is an accomplished American businessman with an impressive net worth of $1.6 billion. He earned his fortune as a hedge fund manager, trader, and as the founder of Moore Capital Management.

Early Life and Education

Born in Raleigh, North Carolina, in 1956, Louis Bacon hails from a notable family. His father, Zachary Bacon Jr., founded Bacon & Co. and managed real estate interests for Prudential Financial and Merrill Lynch in North Carolina. Bacon’s ancestry includes Nathaniel Bacon, who led Bacon's Rebellion in 1676, and his maternal grandfather, Louis T. Moore, a Southern environmentalist in the early 1900s.

He graduated from Episcopal High School in Alexandria, Virginia, before earning a BA in literature from Middlebury College in Vermont, graduating Cum laude in 1979. During his college years, he gained experience working as a clerk at Walter N. Frank & Co, a specialist firm.

Career

Following his undergraduate studies, Bacon earned an MBA in finance from Columbia Business School in 1981. His professional career began in the sales and trading program at Bankers Trust, which was followed by a role on the New York Cotton Exchange floor as a runner. This experience led him to positions such as broker and trader of financial futures at Shearson Lehman Brothers, where he rose to the rank of senior vice president in the trading division.

In 1987, he founded Remington Trading Partners, marking his entry into entrepreneurial ventures. Two years later, he established Moore Capital Management LLC, a pivotal move in his career. After receiving an inheritance in 1990, he launched Moore Global Investments, further solidifying his status in the financial world.

Personal Interests and Recognition

Louis Bacon's interests extend beyond business. He enjoys hunting, fishing, snow skiing, tennis, and squash. Previously, he was married to Cynthia Pigott, a former Newsweek staff member. In 1991, he was named #20 on Financial World’s list of Top 100 Wall Street Earners.

Bacon is a dedicated supporter of The Riverkeeper, a non-profit environmental protection organization. His real estate portfolio is extensive, including homes in the Bahamas, New York City, Long Island, and Scotland.