![]() ![]() Microsoft founder Bill Gates was the first person to reach the vaunted $100 billion threshold in 1999, followed by Amazon founder Jeff Bezos in 2017. In a statement to The Post, an Archegos spokesperson said, “Bill Hwang would never think like that, much less make the statement.” Boss of luxury-goods outfit LVMH, Bernard Arnault is part of the $100 billion “club.” AFP via Getty Imagesĭoing so would represent just a 900 percent increase in wealth, said a source who added that Hwang’s epic rise had staffers believing he could easily become one of the 10 wealthiest people on the planet. Given the pace at which Hwang was building his personal wealth, talk around the office at Archegos Capital, including from Hwang himself, was that the Julian Robertson protégé was well on his way to making the leap from $10 billion club to $100 billion club in two to three more years, sources said. ![]() That’s a 4,900 percent increase in less than 8 years. Prior to the collapse of his family office, Archegos Capital, in March, Hwang had increased his personal wealth from around $200 million in 2013 to more than $20 billion. Goldman Sachs, JPMorgan snag talent from struggling Swiss bank: reportĭisgraced financier Bill Hwang pushed Christianity on employees as empire collapsed: suitĪrchegos founder Bill Hwang arrested over massive fraud that rocked Wall StreetĪrchegos cubs’ fund up-and-running less than a year after Hwang’s fallīefore he was known as the guy behind billions in losses on Wall Street, Bill Hwang had been aiming to join the rarified air of Jeff Bezos and Bill Gates by becoming a member of the $100 billion dollar club, sources said. ![]()
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