Louis Bacon Net Worth
Besides his amazing talent, it is obvious that Louis Bacon is a very generous person. He has spent a lot of time on philanthropic work. He has helped many people in the UK and Scotland. He has also helped in the development of many projects. He is a very good example of how a person can become rich while still being generous and giving back to others.
Founder of Moore Capital Management and one of the world’s most renowned and successful traders, Louis Moore Bacon has been an influential player on the trading scene for decades. In 2009, Forbes magazine listed him as the 736th richest person in the world. His personal wealth is estimated to be over $1 billion.
Louis Bacon has a long track record of success, but he’s faced some trading difficulties in recent years. In early March, Bacon was selling stocks, feeling bad news was coming. The stock market was down, and he had to find a way to get out quickly.
Bacon is also known for his work on the environment. He’s a member of the Foreign Policy Association and serves on the Board of Directors for the Land Trust Alliance. He’s also the recipient of the Riverkeeper’s Environmental Leadership Award, and the Ranch Conservationist of the Year award from the Colorado Association of Conservation Districts.
Throughout his life, Louis Bacon has dedicated himself to the conservation of the environment. He has worked to protect and preserve many of the most sensitive and valuable pieces of land in the United States.
Louis Bacon was born in Raleigh, North Carolina in 1956. He earned a bachelor’s degree in American literature from Middlebury College, and graduated from Columbia Business School with a MBA in finance. He founded Moore Capital Management in 1989.
Louis Bacon has a net worth estimated at $1.6 billion. He is an investor, hedge fund manager, philanthropist, and Angel Investor. He also serves as chairman of Moore Capital Management. He is an active member of the Foreign Policy Association and the Investor Advisory Committee on Financial Markets. He has been involved in preserving sensitive land in North Carolina and New York. He has also volunteered for several environmental organizations, including the North Carolina Land Trust.
Land and properties in the UK and Scotland
Besides owning several luxury properties and a few less than luxurious condos, Louis Bacon is a philanthropist in the making. His father founded a real estate firm in Raleigh, North Carolina that was later purchased by Merrill Lynch. He also lent his hat to Mitt Romney in the campaign’s early days. His father-in-law is Julian Robertson of Tiger Management. He also owns two private polo grounds in the UK.
Louis Bacon also has an impressive charitable streak, including an eponymously named fund. He is also an environmentalist. He is known to have saved a slew of animals from the jaws of death. A few years back, he even bought a plantation in North Carolina for a mere $45 million. His other triumphedos include a number of sexiest women in town.
Fined by the Commodity Futures Trading Commission
Founder and CEO of Moore Capital Group Louis Bac has been fined by the Commodity Futures Trading Commission for allegedly manipulating the platinum futures market. According to a CFTC order, Louis Bac, along with four of his employees, rigged the benchmark for platinum futures. This was the first time a major financial institution was fined for manipulating the benchmark interest rate.
Defendants in this case are Louis Bac, Moore Capital Group, and four other entities. These entities were based in the United States and have activities at the national level. The CFTC seeks civil monetary penalties for each Defendant for violations of the Commodity Exchange Act. In addition to the monetary penalties, the CFTC seeks disgorgement, trading bans, and restitution for Defendants.
LVMH has long since been synonymous with luxury, but that doesn’t mean they aren’t interested in contributing to the good, great, and greater good. In fact, they’ve been so enamored with the good that they’ve made a pact with the good to fund an educational program for their employees. Their latest project involves providing a stipend to some lucky few to study a foreign language of their choice. LVMH’s philanthropy goes beyond the classroom to the community at large. It’s even donated 200 million euros to the venerable Notre Dame de Paris in the hopes of bringing the cathedral back to its former glory.
Aside from their philanthropy, they’ve also racked up a few blingtastic baubles of their own. From an ill-fated squid worthy of a museum of art to a swooped up, re-shafted museum of science to the granddaddy of all museum of science, LVMH has a knack for acquiring cultural artifacts of all kinds.