Greenlight Capital’s David Einhorn is one of the top American hedge fund managers as well as the most followed investor on Wall Street. With his bold predictions and bets against some of today’s biggest tech companies, including Amazon, Alphabet and Tesla, David Einhorn has become a focal point in the investment industry.
Einhorn founded Greenlight Capital in 1996 with $900,000. The fund has since grown to an estimated value of $5.5 billion in assets. David Einhorn is widely known for his expertise in the realm of dissecting businesses earnings and financial reports. He studies the fundamentals in value-oriented investments by analyzing the company’s performance, their competition and whether the leadership’s interests supports the shareholder’s interests.
After graduating from Cornell University in 1991, David Einhorn went to work for Donaldson, Lufkin & Jenrette as an analyst. Two years later, Einhorn changed gears and began managing a hedge fund for SC Fundamental Value, where he gained a deeper understanding of economics and analysis.
After resigning from SC Fundamental Value, together, David Einhorn and Jeff Keswin formed Greenlight. The fund has caught both Wall Street’s and the media’s attention on numerous occasions with several of Einhorn’s daunting bets, including the bet waged against Lehman Brothers in 2008, during the recession. Since conception, the fund has averaged over 16% in returns. Despite a recent downturn in the fund’s performance, Greenlight Capital is still generating annual earnings at or above 6%.
Considering, Einhorn’s much-discussed and controversial investment strategy, he is recognized as one of the most successful hedge fund managers with an estimated net worth of $1.5 billion, putting him on the Forbes 400 list of wealthiest people in the U.S.
Einhorn is also an active philanthropist, donating his $650,000 winnings from participating in the World Series of Poker event in 2006, to the Michael J. Fox Foundation and in 2012, where he came in 3rd place at the World Series of Poker Big One for One Drop tournament. His winnings totaled $4.352 million, which he donated to City Year, a non-profit organization that partners with schools across the U.S., UK and South Africa to support students in their educational curriculum. Einhorn is also a major contributor to the Robin Hood Foundation as well as other various charities throughout New York, where he resides.
David Einhorn was born in New Jersey, but lived with his family in Wisconsin as a child. After high school graduation, Einhorn moved to New York where he attended Cornell University, earning a BA in Government. Einhorn was a summa cum laude honor graduate and a member of the Sigma Alpha Epsilon fraternity. Einhorn has three children with his former wife, Cheryl Strauss, whom he divorced in 2017.
Greenlight Capital is a private equity hedge fund based in New York City that invests in corporate debt offerings and equities. The company is a Russell 2000 Component.