Scott Shleifer

American billionaire
Scott Shleifer
Born
Scott Louis Shleifer

1976 or 1977 (age 46–47)
Portland, Oregon, US
EducationUniversity of Pennsylvania
OccupationHedge fund manager
Known forco-founder of Tiger Global Management's private equity arm
SpouseElena Shleifer

Scott Louis Shleifer (born 1977) is an American billionaire hedge fund manager, and the co-founder of Tiger Global Management's private equity investing business. As of September 2022, his net worth was estimated at US$3.5 billion.[1]

Early life

Shleifer Furniture building at 509 S.E. Grand Ave, Portland, Oregon, 2013
Shleifer Furniture building at 509 S.E. Grand Ave, Portland, Oregon, 2013

Shleifer was born and raised in suburban Portland, Oregon.[2] His father, Stuart Shleifer, ran Shleifer Furniture, the family business, until it closed.[2] The company was founded in 1936 by Stuart Shleifer's father and grandfather, and the Shleifer Furniture building was originally the Chamberlin Hotel.[3] The store closed in 2015, and was sold (along with a 15,000-square-foot warehouse) to Brad Malsin, head of Beam Development who plans to turn the 45,000-square-foot building back into a hotel.[3] According to Scott, "My father sold couches for a living."[4] He is of Jewish descent.[5][6]

Shleifer graduated from Beaverton High School in 1995, and in 2021 donated $1.8 million to the school.[6]

Shleifer earned a bachelor's degree from the University of Pennsylvania's Wharton School in 1999.[1][7]

Career

After college, he worked as an analyst at Blackstone for three years.[1] In 2003, Shleifer co-founded Tiger Global Management's private equity investing business.[1] He moved Tiger Global into venture capital, especially in China, and expanded aggressively.[4]

In 2019, he was included in Wharton magazine's "40 under 40" list, and said his no 1 role model is Julian Robertson.[8] He is managing director and a partner at Tiger Global Management.[9]

Personal life

Shleifer has been married to Elena since at least 2011, and they live in New York City.[1][7][10] In February 2021, he purchased a 21,000-square-foot mansion in Palm Beach, Florida for $122.7 million.[1] He reportedly only looked at the house for 15 minutes before deciding to buy it.[4]

In January 2022, Scott and Elena Shleifer gave $18 million to the University of Pennsylvania.[7][11]

References

  1. ^ a b c d e f "Forbes profile: Scott Shleifer". Forbes. Retrieved 10 September 2022.
  2. ^ a b Parmar, Hema. "Tiger Global's $65 Billion Man Shrugs Off China Crackdown Threat". Bloomberg LP. Retrieved 10 September 2022.
  3. ^ a b Bell, Jon (September 21, 2015). "Shleifer Furniture to shutter after 80 years, will clear way for Central Eastside hotel". Portland Business Journal. Retrieved 10 September 2022.
  4. ^ a b c Celarier, Michelle (June 17, 2022). "Masters of the Bubbleverse Secretive hedge fund Tiger Global changed the rules on tech investing. Then it all went bad". NY Mag. Retrieved 10 September 2022.
  5. ^ "The World's Jewish Billionaires". Forbes Israel. February 2, 2023.
  6. ^ a b "Scott Shleifer donates $1.8 Million to Beaverton High School". Oregon Jewish Life. October 7, 2021. Retrieved 10 September 2022.
  7. ^ a b c "$18 Million Gift to Support the Shleifer Family Penn First Plus". University of Pennsylvania. January 18, 2022. Retrieved 10 September 2022.
  8. ^ "Scott Shleifer". Wharton Alumni Magazine. December 12, 2019. Retrieved 10 September 2022.
  9. ^ "Scott Louis Shleifer". Bloomberg LP. Retrieved 10 September 2022.
  10. ^ "The UJA-Federation of New York Wall Street Dinner". Getty Images. 11 February 2012. Retrieved 10 September 2022.
  11. ^ Donnelly, Shannon. "Palm Beach philanthropy: Gift from resident puts Ivy League experience within reach". Palm Beach Daily News. Retrieved 10 September 2022.