Stephen Mandel Jr. | |
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Born | 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 |
Stephen F. Mandel (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. 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.
Raised Jewish, Mandel is a 1974 graduate of Phillips Exeter Academy and a 1978 graduate of Dartmouth College as Bachelor of Arts major in government and was a member of the Psi Upsilon fraternity. He also has an M.B.A. from Harvard University.
From 1980 to 1984, he worked at Mars & Co as a senior consultant and then from 1984 to 1990, he worked as a consumer-retail analyst at Goldman, Sachs & Co. before working as a consumer analyst and eventually managing director at Tiger Management, a hedge fund founded by Julian Robertson. In 1997, he left Tiger and founded his own hedge fund, Lone Pine Capital LLC (named after a Dartmouth College pine tree that survived an 1887 lightning strike).
Forbes listed Stephen Mandel as one of the 40 Highest-Earning hedge fund managers in 2012.
Forbes listed Stephen Mandel as one of the 25 Highest-Earning hedge fund managers in 2013.
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.
He is chairman of Dartmouth's board of trustees and also serves on the National Board of Directors at Teach for America. He founded two charitable foundations: the Zoom Foundation and the Lone Pine Foundation.
In 1982, he married Susan Joy Zadek of Baltimore whom he met at Harvard. They have three children.