"I'm referring to someone who you've probably never heard of until now: hedge fund Coatue Management founder Philippe Laffont, who oversees $54 billion in AUM at the firm. Before he founded Coatue Management back in 1999, Laffont spent time as a "Tiger Cub" as he worked at another hedge fund known as Tiger Management. According to a Forbes estimate, Laffont current net worth is $7.9 billion, placing him at number 453 among the wealthiest people on the planet."
"It's hard to know exactly why Laffont isn't a household name like Buffett or Gates. He's not a Howard Hughes type of character who deliberately avoids spotlight. In fact, Laffont appeared on CNBC recently to discuss the merits of tokenization. Perhaps he has remained under the radar because Laffont is bold with his ideas but not eccentric enough to generate media buzz. Moreover, Laffont doesn't seem to have Buffett's folksy charm or Gates' geeky magnetism."
Philippe Laffont founded Coatue Management in 1999 and currently manages $54 billion in assets under management. He previously worked at Tiger Management as a "Tiger Cub." Forbes estimates his net worth at $7.9 billion, ranking him around 453rd globally. Laffont maintains a low public profile despite significant wealth and industry influence. He has appeared on CNBC to discuss tokenization but does not project Buffett-like folksiness or Gates-like magnetism. Observing Coatue's investment approach reveals aspects of Laffont's worldview and offers potential wealth-building and technology-focused investing ideas.
Read at 24/7 Wall St.
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