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Daniel Och Net Worth, Biography & Wiki 2017
Daniel Och was born in 1961, in New Jersey USA, of Jewish descent, and is a manager of hedge fund, an investor as well as a philanthropist. He is best known as the CEO and chairman of a global alternative asset management firm entitled Och-Ziff Capital Management Group, and a vice chairman of the charitable organization Robin Hood Foundation. More, Daniel is an active contributor to political campaigns, to give an example: he supported Democratic Senatorial Campaign Committee donating $28,500. Och has been active in business since 1982.
How much is the net worth of Daniel Och? It has been reported by authoritative sources that the overall size of his wealth is as much as $3.9 billion, as of the data presented in the middle of 2017, and it’s worth mentioning the fact that it has risen from $3.2 billion at the beginning of the year. His assets include a house based in Southampton, New York which is valued at $20 million, but his hedge fund is the main source of Och’s fortune.
Daniel Och Net Worth $3.9 Billion
To begin with, the boy was raised in Maplewood, New Jersey by his parents Dr. Michael Och and Golda Och. He was educated at the Solomon Schechter Day School of Essex, and also attended the Jewish day school launched by his parents. Afterwards, he enrolled at the Wharton School ar the University of Pennsylvania, from which he hgtraduated with a Bachelor‘s degree in Finance.
Concerning his professional career, Daniel started in the Risk Arbitrage Department at the multi-national finance company Goldman Sachs in 1982. Later, he was promoted to the Head of Proprietary Trading, and finally to Co-Head of Equities Trading in the US. He has been working for the above mentioned company for more than 11 years. In 1994, he founded the Och-Ziff Capital Management Group, in which initially the Ziff brothers invested $100 million. The company operates in real estate, private investments, credit, equity restructuring, convertible arbitrage ans multiple investment strategies. In 2007, the initial public offering was completed and the shares priced at $32.00 were listed on the New York Stock Exchange.
By 2013, Daniel Och was listed as the one of 25 highest earning hedge fund managers in the US. As of the data presented in 2016, the value of shares had declined, partly because of the problem that the company faced. In the autumn of 2016, the government of the US imposed fines for the company and Och personally. Reportedly, the Och-Ziff Capital Management Group had to pay $413 million in fine whereas Daniel himself has to pay $2.2 million, as it was proved that more than $100 million were given in bribes to officials of African governments, for exactly what purpose wasn‘t specified.
Finally, in the personal life of Daniel Och, he is married to Jane Och; They have three children, and the family resides in Southampton, New York.