Paul Singer has his eyes on global domination, but his path is often taking out a few CEOs along the way. Managing $38 billion, the activist investor runs Elliott Management Corp., a hedge fund that’s made waves and headlines recently.
In the last 18 months, Singer’s gone after the world’s largest mining company and went toe-to-toe with Warren Buffett for the largest electricity distributor in Texas. He’s also knocked off multiple CEOs and world leaders too, sparking a domino effect that culminated with the impeachment of South Korea’s president.
Singer started by managed his friends and family’s money in 1977, Bloomberg reports. Beginning with just $1.3 million, the wealth manager investing in debt and equity to generate $93 billion.
He’s most known for going battle with Argentina over its debt default. In the 15-year financial scuffle, Bloomberg reports Singer got one of the country’s warships impounded.
According to Bloomberg, this has given Singer a successful reputation, including his strong-arm tactics conflated with bullying.”It doesn’t bother me anymore,” Singer said to Bloomberg. “It’s good when a corporate executive listens with the understanding that we are real, that we have the capacity to carry through.”
This article was featured in the InsideHook newsletter. Sign up now.