Chase Coleman III

Chase Coleman III
Born Charles Payson Coleman III
June 1975 (age 43)
Residence New York City, New York, U.S.
Nationality American
Alma mater Williams College
Occupation Investor
Known for Founding Tiger Global Management
Home town Glen Head, New York, U.S.
Net worth US$2.7 billion (April 2018)[1]
Title Founder, Tiger Global Management
Spouse(s) Stephanie Ercklentz

Charles Payson "Chase" Coleman III (born June 1975)[2] is an American financial investor and the founder of Tiger Global Management.[3]

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 was Charles Payson Coleman, who was managing partner of the New York law firm Davis Polk & Wardwell until his death in 1982. He was married to Louise Stuyvesant Wainwright (died 1996), a descendant of Peter Stuyvesant, the last Dutch Governor who surrendered New Amsterdam to the English, after which it was renamed New York, and who built the wall around what is now Wall Street, for which it is named.[8][9]

Coleman was educated at the Deerfield Academy.[4] He graduated from Williams College[10] in 1997, where he was on the lacrosse team.[4]

Investment career

He started his career in 1997, working for Julian Robertson and his hedge fund, Tiger Management.[10] 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]

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.[11][12] In January 2015, Coleman introduced Tiger Global Internet Opportunities, which specifically focuses on investments in the Internet.[13] In June 2015, Tiger Global's hedge fund manager of many years and former partner of Coleman, Feroz Dewan, left Tiger Global to start his own investment firm, a "major setback" for Coleman, according to Forbes.

On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion.[10] According to Business Insider, he was born into "old money" and has made a lot of "new money" as well.[14]

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 Enno Ercklentz Jr. and Mai Harrison) at Bethesda-by-the-Sea, Palm Beach, Florida, in 2005.[7] She was featured in the film, Born Rich, a 2003 documentary about growing up in the world's richest families.[15]

They reside on the Upper East Side of Manhattan in New York City.[15] 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

  1. ↑ "Forbes profile: Chase Coleman, III". Forbes. Retrieved 15 April 2018.
  2. ↑ Melby, Caleb. "Meet The 20 Newcomers To The Forbes 400". forbes.com. Retrieved October 15, 2016.
  3. ↑ de la Merced, Michael (May 19, 2015). "Tiger Global to Revamp Management". The New York Times. Retrieved October 15, 2016.
  4. 1 2 3 4 5 6 Effinger, Anthony; Burton, Katherine; Levy, Ari (January 10, 2012). "Top Hedge Fund Returns 45% With Robertson's 36-Year-Old Disciple". Bloomberg Business. Retrieved January 4, 2016.
  5. ↑ 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. Retrieved September 8, 2015.
  6. ↑ "Tiger Global's Chase Coleman: With This Reclusive Billionaire, Actions Speak Louder Than Words". Ibillionaire.me. June 2, 2014. Retrieved September 7, 2015.
  7. 1 2 "Hot & Cold". Newyorksocialdiary. January 25, 2005. Retrieved September 8, 2015.
  8. ↑ Saxon, Wolfgang (October 15, 1996). "Mimi C. Thompson, 69, New York Volunteer and Philanthropist". The New York Times. Retrieved September 15, 2015.
  9. ↑ Effinger, Anthony; Burton, Katherine (January 9, 2015). "Why Photos of Some Hedge-Fund Managers Are So Hard to Find". Bloomberg Business. Retrieved September 26, 2015.
  10. 1 2 3 "The World's Billionaires (2016 ranking): #722 Chase Coleman, III". Forbes. March 1, 2016. Retrieved January 3, 2017.
  11. ↑ "Tiger Global Among Top Spotify Holders With $1.9 Billion Stake". Bloomberg.com.
  12. ↑ Wee, Gillian (23 January 2011). "Tiger Global Said to Put New Private-Equity Fund Into Facebook". Bloomberg.com.
  13. ↑ <"Chase Coleman — Tiger Global". Retrieved January 4, 2016.
  14. ↑ "The Fabulous Life Of Chase Coleman: The World's Most Profitable Hedge Funder In 2011". Business Insider. Retrieved September 15, 2015.
  15. 1 2 Pressler, Jessica (January 5, 2011). "Chase Coleman's Status Update: Rich". New York. Retrieved September 15, 2015.
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