Noam Gottesman

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Noam Gottesman
Noam Gottesman.jpg
Born 1963
Israel
Residence New York City
Ethnicity Jewish
Citizenship United States, United Kingdom
Occupation hedge fund manager
Known for co-founder of GLG Partners
Net worth Increase US$ 1.8 billion (Sept 2013)[1]
Spouse(s) Geraldine Gottesman (divorced)
Children Four
Parents Dov Gottesman

Noam Gottesman (born 1963)[2] is a New York City-based, Israeli-American[3] businessman and former hedge fund manager known for co-founding GLG Partners. He holds dual citizenship in the United States and United Kingdom and is listed on the Forbes 400 list of richest people in America as having a net worth of $2 billion, as of April 2014.[1]

Noam is known for an array of investments including Lyor Cohen's 300 Entertainment record label, Eleven Madison Park restaurant and Moda Operandi. He owns a significant contemporary art collection including pieces from Andy Warhol, Francis Bacon and Lucian Freud.

In 2008, Gottesman sold his 14,700-square-foot mansion in London's Kensington neighborhood to billionaire steel tycoon Lakshmi Mittal. The $196 million sale turned the mansion into the most expensive home in Britain at the time.[4] That same year, he paid $34 million for a former ice factory in downtown Manhattan, tore it down and built a 12,000-square-foot home.

In March of 2014, it was reported that Beyonce and Jay-Z stayed at Noam's UK estate during her world tour.

Biography[edit]

Gottesman was born to a Jewish family,[5] the son of Israel Museum President Dov Gottesman.[6] He received a B.A. from Columbia University.[1]

Gottesman took a job at Goldman Sachs London office where he rose to the position of Executive Director and managed global equity portfolios in the private client group.[7] He left Goldman in 1995 together with Pierre Lagrange and Jonathan Green to co-found, GLG Partners.[8] Under his tenure as co-CEO, GLG Partners grew to manage $24.6 billion and became publicly traded on the New York Stock Exchange (November 2007);[9] becoming the first pure-play hedge fund to go public in the United States.[10] Gottesman and his partners sold the company to the Man Group on October 2010 for $1.6 billion.[11][1] The acquisition created the world’s largest publicly traded asset management firm.[12] Post acquisition, Gottesman continued to serve as GLG's co-CEO until stepping down on January 2012 and becoming a non-executive Chairman of GLG’s business in the US.[13] Currently, Gottesman runs TOMS Capital, a New York City based investment company.[8]

Personal life[edit]

Gottesman was married to Geraldine Gottesman with whom he has four children. They later divorced.[8][14] He is discreet and rarely photographed but was snapped on several occasions in 2010 with Hollywood actress turned artist Lucy Liu.[15] Gottesman comes from a family of art collectors[16] and has been mentioned among the 200 most notable collectors on ARTnews’ list[17] and on the New York Observer's 50 New York Buyers Who Move the Art World list.[18] [8]

He is a trustee of his alma mater Columbia University[19] and served on the board of the Tate Gallery Foundation.[20]

References[edit]

  1. ^ a b c d Forbes: The World's Billionaires - Noam Gottesman September 2013
  2. ^ Madison, Jennifer (2011-04-08). "Why there are no more billionaire bachelors: Almost all the world's most wealthy men are attached (and only 33 are under 50)". London: dailymail.co.uk. Retrieved 2012-10-06. 
  3. ^ Parkinson, Gary (2006-02-27). "Trader in insider dealing case not coming back, says GLG". London: The Independent. Retrieved 2008-07-12. 
  4. ^ Martin, Arthur; McMeekin, James (2011-05-31). "Britain's richest street: The place by the palace, where the average house price is £19.5m". Daily Mail (London). 
  5. ^ Forbes Israel: Jewish Billionaires - Profile of Noam Gottesman April 14, 2013 (in Hebrew)
  6. ^ YNet News: "Lucy Liu visits Israel" by Ran Boker March 1, 2011
  7. ^ "Bloomberg Businessweek: Noam Gottesman". businessweek.com. Retrieved 2012-10-06. 
  8. ^ a b c d "Forbes: The Worlds Billionaires: Noam Gottesman". forbes.com. Retrieved 2012-10-06. 
  9. ^ "GLG Partners, Inc". Nyse.com. Retrieved 2012-10-06. 
  10. ^ "A Public Hedge Fund With Good News to Report". The New York Times. 2008-02-06. 
  11. ^ Ebrahimi, Helia (2010-05-17). "GLG takes .6bn Man Group dowry in hedge fund marriage". The Daily Telegraph (London). 
  12. ^ "Peter Clarke". Bloomberg. 
  13. ^ "Acquisition of GLG Partners, Inc". Mangroupplc.com. Retrieved 2012-10-06. 
  14. ^ "So rich you just want to slap them!". London: dailymail.co.uk. 17 November 2006. Retrieved 6 October 2012. 
  15. ^ "London's 1000 most influential people 2011". Thisislondon.co.uk. 2011-11-07. Retrieved 2012-10-06. 
  16. ^ "Dov Gottesman19172011". ArtAsiaPacific. 2011-03-22. Retrieved 2012-10-06. 
  17. ^ [1][dead link]
  18. ^ "Which Wall Streeters ‘Run’ The Art Market?". Dealbreaker.com. 2011-01-27. Retrieved 2012-10-06. 
  19. ^ [2][dead link]
  20. ^ "Tate Report 2007: Tate Britain and Tate Modern". tate.org.uk. 2010. Retrieved 2012-10-06.