Chase Coleman III
Charles Payson "Chase" Coleman III (born June 1975)[2] is an American billionaire hedge fund manager and investor, and the founder of Tiger Global Management.[3]
Chase Coleman III | |
---|---|
Born | Charles Payson Coleman III June 1, 1975 |
Nationality | American |
Alma mater | Williams College |
Occupation | Hedge fund manager |
Employer | Tiger Global Management |
Known for | Founding Tiger Global Management |
Net worth | US$5.36 Billion (December 2020)[1] |
Title | Founder, Tiger Global Management |
Spouse(s) | Stephanie Ercklentz |
Early life and education
Coleman grew up in Glen Head, Long Island.[4] His father, C. Payson Coleman Jr., born in 1950,[5] is a partner at the New York law firm Pillsbury Winthrop Shaw Pittman, and his mother, Kim Payson, owned an interior design firm.[6][7]
His grandfather, Charles Payson Coleman, who was managing partner of the New York law firm Davis Polk & Wardwell until his death in 1982, was married to Mimi C. Thompson (née Louise Stuyvesant Wainwright), a descendant of Peter Stuyvesant, the last Dutch Governor who surrendered New Amsterdam to the British.[8][9]
Coleman was educated at the Deerfield Academy.[4] He graduated from Williams College in 1997, where he was co-captain of the lacrosse team.[10]
Investment career
He started his career in 1997, working for Julian Robertson and his hedge fund, Tiger Management.[11] Coleman had grown up with Robertson’s son, Spencer, who lived close to Glen Head, in Locust Valley. In 2000, Robertson closed his fund, and entrusted Coleman with over $25 million to manage, making him one of the 30 or more so-called "Tiger Cubs", fund managers who started their fund management careers with Tiger Management.[4] “I’ve known Chase since he was a young boy on Long Island and a good friend of my son Spencer,” [Julian] Robertson said. [12]
Coleman serves as partner of the investment firm he founded, Tiger Global Management. The hedge fund was an early investor in both Facebook and LinkedIn.[13][14]
On the Forbes 2019 list of the world's billionaires, he was ranked #458 with a net worth of US$4.5 billion.[11] According to Business Insider, he was born into "old money" and has made a lot of "new money" as well.[15]
Political and economic views
In 2012 Coleman donated US $30,800 to the National Republican Senatorial Committee and US $5,000 to Mitt Romney's presidential campaign.[4] He has also donated to Democratic candidates, including $10,000 to New York Governor Andrew Cuomo, $4,950 to Manhattan Borough President Scott Stringer, and $2,700 to New York Senator Charles Schumer.
Personal life
Coleman married Stephanie Ercklentz, the daughter of lawyer Enno Ercklentz Jr. and Mai Harrison and step-daughter of Ridgely W. Harrison Jr., at Bethesda-by-the-Sea, Palm Beach, Florida, in 2005.[7][16] She was featured in the film, Born Rich, a 2003 documentary about growing up in the world's richest families.[17]Her mother, Mai Harrison (née Vilms), is the grand-niece of Jüri Vilms, a member of the Estonian Salvation Committee and leader of the Estonian Independence Movement.[18]
The couple resides in New York City.[17] In 2008, they bought an entire floor of a Fifth Avenue building from Veronica Hearst, the daughter-in-law of William Randolph Hearst, for US$36.5 million.[4]
References
- {{cite web|title=Bloomberg profile: Chase Coleman, III.|url=https://www.bloomberg.com/billionaires/profiles/chase-coleman/%7Caccess-date=2020-12-27%7C
- Melby, Caleb. "Meet The 20 Newcomers To The Forbes 400". forbes.com. Archived from the original on October 18, 2016. Retrieved October 15, 2016.
- de la Merced, Michael (May 19, 2015). "Tiger Global to Revamp Management". The New York Times. Archived from the original on April 9, 2016. Retrieved October 15, 2016.
- Effinger, Anthony; Burton, Katherine; Levy, Ari (January 10, 2012). "Top Hedge Fund Returns 45% With Robertson's 36-Year-Old Disciple". Bloomberg Business. Archived from the original on January 21, 2016. Retrieved January 4, 2016.
- David Marcus; Marie T. Finn; Marie T. Hough; Linda D. Estelle; Mindy Toomay; Nancy L. Jellison; Diana L. Richardson; Jeanie J. Clapp; Bernadette B. Grabb (1986). The American Bar, the Canadian Bar, the International Bar. R.B. Forster & Associates. p. 2198. ISBN 9780931398124. Retrieved September 8, 2015.
- "Tiger Global's Chase Coleman: With This Reclusive Billionaire, Actions Speak Louder Than Words". Ibillionaire.me. June 2, 2014. Archived from the original on 2015-09-20. Retrieved September 7, 2015.
- "Hot & Cold". Newyorksocialdiary. January 25, 2005. Archived from the original on August 11, 2015. Retrieved September 8, 2015.
- Saxon, Wolfgang (October 15, 1996). "Mimi C. Thompson, 69, New York Volunteer and Philanthropist". The New York Times. Archived from the original on September 28, 2015. Retrieved September 15, 2015.
- Effinger, Anthony; Burton, Katherine (January 9, 2015). "Why Photos of Some Hedge-Fund Managers Are So Hard to Find". Bloomberg Business. Archived from the original on October 1, 2015. Retrieved September 26, 2015.
- Parmar, Hema; Karsh, Melissa; Alexander, Sophie (June 27, 2019). "Charmed Life". Bloomberg. Archived from the original on August 21, 2019. Retrieved August 21, 2019.
- "The World's Billionaires (2016 ranking): #722 Chase Coleman, III". Forbes. March 1, 2016. Archived from the original on January 3, 2017. Retrieved January 3, 2017.
- "Profile". Archived from the original on 2020-10-27.
- "Tiger Global Among Top Spotify Holders With $1.9 Billion Stake". Bloomberg.com. Archived from the original on 2018-05-06. Retrieved 2018-07-14.
- Wee, Gillian (23 January 2011). "Tiger Global Said to Put New Private-Equity Fund Into Facebook". Bloomberg.com. Archived from the original on 2017-11-26. Retrieved 2018-07-14.
- "Chase Coleman". Business Insider. Archived from the original on September 10, 2015. Retrieved September 15, 2015.
- "Obituaries". Columbia College Today. Winter 2014. Archived from the original on June 25, 2018. Retrieved August 9, 2020.
- Pressler, Jessica (January 5, 2011). "Chase Coleman's Status Update: Rich". New York. Archived from the original on September 28, 2015. Retrieved September 15, 2015.
- "Mai A. Vilms Fiancee Of Enno Ercklentz Jr". timesmachine.nytimes.com. Archived from the original on 2020-10-27. Retrieved 2020-08-09.