What is Daniel Och net worth?
|Daniel Och net worth 2023||$5 billion|
|Date of birth||1961|
|Full name||Daniel Och|
|Occupation||hedge fund manager, and philanthropist|
Daniel Och Net Worth and Biography
Daniel Och Net Worth 2023 is estimated at $5 billion. He is the founder, chairman and former CEO of Och-Ziff Capital Management, a global hedge fund and alternative asset management firm.
Och is Jewish, the son of Golda and Dr. Michael Och. He grew up in Maplewood, New Jersey and attended the Solomon Schechter Day School of Essex and Union whic has been renamed Golda Och Academy, in honor of his mother in West Orange, New Jersey, a Jewish day school founded by his parents. He holds a bachelor’s degree in economics with a concentration in finance from the Wharton School of the University of Pennsylvania.
Och began his career in 1982 at Goldman Sachs in the Risk Arbitrage Department. He later became the Head of Proprietary Trading in the Equities Division and Co-Head of U.S. Equities Trading.
Och worked at Goldman Sachs for 11 years. In 1994, Och founded Och-Ziff Capital Management Group with $100 million initial investment from the brothers Dirk Edward Ziff, Daniel M. Ziff, and Robert D. Ziff, heirs to publishing magnate William Bernard Ziff, Jr.
Och-Ziff completed an initial public offering in 2007, listing its shares on the New York Stock Exchange initially at a price of $32.00.
In February 2014, Forbes listed Daniel Och as one of the 25 Highest-Earning hedge fund managers in 2013. His 2013 total earnings of $400 million ranks him the 17th among the 25 top earning hedge fund managers.
Daniel Och Foundation
Daniel Och and his wife Jane founded a foundation in 2008. The Company raises funds for a variety of social causes including community development, family support, and education. Jane & Daniel Och Family Foundation serves people throughout New York.
Och sits on the board of Endeavor. He is the vice chair of Robin Hood Foundation, a charitable organization fighting poverty in New York City. He has sat on the Board of Trustees of New York-Presbyterian Hospital since 2005.
They are also very active with Endeavor (he sits on the board), the New York Presbyterian Hospital, and the Robin Hood Foundation, which exists to fight poverty in New York. He also donated more than $28k to the Democratic Senatorial Campaign Committee in 2008, and the Spine Hospital at New York Presbyterian Hospital was named for him after a 2017 donation totaling $25 million. The Och Initiative for Women in Finance, which was established by the University of Michigan in 2014, also bears the family name.
Daniel och wife
Och is married to Jane Och with whom he has three children. though the names of his children are not readily available. At one time the couple also owned a penthouse near Central Park in New York City, but they sold that for $58 million earlier this year after paying $22 million for it in 2008.
Daniel Och House
Och bought a penthouse as well as a smaller unit on a lower floor at 220 Central Park South, the Wall Street Journal reported, citing people familiar with the deal. Och eelier changed his residence to South Florida to save on taxes and plans to use his new home when he visits New York, the Journal said.
The 70-story limestone-clad building designed by Robert A.M. Stern is one of the city’s new “pencil towers,” super-thin residential skyscrapers rising along the edges of Central Park.
Daniel Och net worth
Och now runs his family office, Willoughby Capital, a growth equity investor with a portfolio that includes Robinhood, Coinbase and Instacart. Och has given more than $400 million to his charitable foundation, according to available tax filings.