Stephen Mandel (hedge fund manager)

Stephen Mandel Jr.
Born (1956-03-12) March 12, 1956
Residence Greenwich, Connecticut, U.S.
Citizenship United States
Alma mater Dartmouth College
Harvard University
Known for Founding and leading Lone Pine Capital
Net worth US$2.5 billion (January 2017)
Board member of Dartmouth College
Teach for America
Spouse(s) Susan Joy Zadek
Children 3
Parent(s) Ann Safford Mandel
Stephen Frank Mandel

Stephen Frank Mandel, Jr (born March 12, 1956) is an American investor, hedge fund manager, and philanthropist. He founded Lone Pine Capital in 1997, after working as the managing director at Tiger Management.[1] According to Forbes Magazine, Mandel has a net worth of $2.5 billion as of January 2017. He is the 274th richest person in the United States.[2]

Early life and education

Mandel is the son of Ann (née Safford) and Stephen Frank Mandel.[3][4] He has a brother, Edward Safford Mandel.[5] In 1974, Mandel graduated from the Phillips Exeter Academy. In 1978, he graduated from Dartmouth College with a Bachelor of Arts in government and was a member of the Psi Upsilon fraternity.[1] He also has an M.B.A. from Harvard University.[6]

Investment career

From 1982 to 1984,[1] he worked at Mars & Co as a senior consultant[7] and then from 1984 to 1990,[1] he worked as a consumer-retail analyst at Goldman, Sachs & Co.[8] before working as a consumer analyst and eventually managing director at Tiger Management,[1] a hedge fund founded by Julian Robertson. In 1997, he left Tiger and founded his own hedge fund, Lone Pine Capital LLC[6] (named after a Dartmouth College pine tree that survived an 1887 lightning strike).[9]

Forbes listed Stephen Mandel as one of the 40 Highest-Earning hedge fund managers in 2012.[10]

Forbes listed Stephen Mandel as one of the 25 Highest-Earning hedge fund managers in 2013.[11]

Wealth and philanthropy

According to Forbes Magazine, Mandel has a net worth of $2.5 billion as of January 2017. He is the 274th richest person in the United States.[2]

He was chairman of Dartmouth's board of trustees[12] and is currently Chair of the National Board of Directors at Teach for America.[13] He founded two charitable foundations: the Zoom Foundation and the Lone Pine Foundation.[14]

Personal life

In 1982, he married Susan Joy Zadek of Baltimore, whom he met at Harvard.[15][16][17] They have three children.[6] His wife is a trustee of the Environmental Defense Fund and of Vassar College.[18]

References

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