Leon Cooperman, the billionaire and former hedge fund manager, has recently acquired a significant stake in the renowned football club Manchester United. This move comes amidst the club’s ongoing yearlong bidding war, as reported by Bloomberg.
As per the Bloomberg Business report, Cooperman has acquired just under 1 million shares in the club, currently valued at approximately $16.8 million. This investment reflects a small portion of his substantial wealth, known for founding Omega Advisors in New York, transitioned his hedge fund into a family office in 2018.
With an estimated net worth of $4 billion, Cooperman stands as a prominent figure in the American investment landscape. His career began at Goldman Sachs, where he significantly influenced the firm’s investment strategies and led the Research Department. In 1991, he established Omega Advisors, which played a pivotal role in accumulating his vast wealth.
Cooperman was born on April 25, 1943, in the Bronx, New York, and is an alumnus of Columbia University. His career at Goldman Sachs spanned two decades, after which he ventured into his own business. He is married to Toby Cooperman, and the couple has two children.
Over the years, Cooperman’s net worth has seen a steady increase. From $2.7 billion in 2018, it has impressively grown to $4 billion by 2023. His success as an investor has not only augmented his personal wealth but also positioned him among the elite hedge fund managers globally.