In 2016, James Simons and Michael Platt were the world's highest-earning investment managers. Forbes' list showed both these fund managers earned US$1.5 billion, equivalent to Rp 19.95 billion at an exchange rate of Rp 13,300 per US dollar.
Ray Dalio ranked third, earning US$1.4 billion, or approximately Rp 18.62 billion, while David Tepper came in fourth with earnings of US$750 million, around Rp 9.98 billion. Kenneth Griffin, founder of Citadel LLC, placed fifth, earning US$500 million, equivalent to Rp 6.65 billion.
Simons, a brilliant investment manager who utilizes algorithmic systems for transactions, leads Renaissance Technologies, managing US$36 billion in assets. Platt, founder of BlueCrest Capital Management, manages US$35 billion. The fund management business will continue to grow alongside increasing global wealth. Today, investment managers require not only human intellect but also algorithmic machines to achieve substantial and consistent profits.