Louis Bacon
Louis Bacon was born in Raleigh, North Carolina, United States on July 25th, 1956 and is the Entrepreneur. At the age of 67, Louis Bacon biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
At 67 years old, Louis Bacon physical status not available right now. We will update Louis Bacon's height, weight, eye color, hair color, build, and measurements.
Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist.
Moore Capital Management is the owner and chief executive of Moore Capital Management. He is also the founder and CEO. According to Forbes Magazine, his net worth is expected to be US$1.81 billion, making him the 374th richest person on the Forbes 400 as of February 2017.
Early life and education
Bacon was born in Raleigh, North Carolina, on July 25, 1956. Zachary Bacon Jr., his father, founded Bacon & Co. and later oversaw Prudential Financial's and Merrill Lynch's real estate efforts in North Carolina.
Bacon graduated from Episcopal High School in Alexandria, Virginia. He earned his BA in American literature at Middlebury College in Vermont, graduating in 1979. When Bacon was working on a fishing boat on Long Island, he met Walter Frank. During the summers of his college years, he was given a job clerking at Walter N. Frank & Co. In 1981, he obtained his MBA in finance from Columbia Business School.
Bacon traded commodities on a low interest loan he had received while at Columbia, Missouri. He lost money during the first three semesters and was compelled to borrow money from his father to pay for necessities. During his fourth semester, he made a profit.
Personal life
Cynthia Pigott, a former Newsweek staff member, married Bacon in 1986. After having four children together, they divorced in 2002.
Gabrielle Sacconaghi married in Manhattan in 2007.
Bacon purchased the Trinchera Ranch in Costilla County, Colorado, from the Forbes family in November 2007. For $175 million, the 171,400-acre (694 km2) property was auctioned. Bacon purchased the Orton Plantation in North Carolina in 2010, which was built in 1735 by an ancestor, Roger Moore, son of James Moore.
Bacon was granted Austrian citizenship in 2002 thanks to a special grant for figures who have made major contributions for Austria. No decision taken on behalf of Austria was documented by Bacon, and no success by the Bacon family was documented.
Investment career
Bacon joined Bankers Trust's sales and trading department after receiving his MBA. He left the company and returned to Walter N. Frank & Co., where he traded currencies. Bacon was a "runner" on the New York Cotton Exchange floor. Bacon began working as a broker and trader of financial futures at Shearson Lehman Brothers and later became the senior vice president for their futures trading division.
Bacon founded Remington Trading Partners in 1987. During the market crash and subsequent recovery, his market knowledge helped him prosper. Bacon founded Moore Capital Management LLC in 1989, using his middle name; in 1990, he founded Moore Global Wealth, Inc., using $25,000 borrowed from his uncle.
Forbes magazine ranked Bacon as the 746th richest individual in the world in 2006; in 2011, Forbes magazine named him as the 736th richest man in the world. Bacon's net worth of $1.6 billion ranked him as the 238th richest American in 2010, according to the Denver Post in 2010. Bacon's net worth was estimated at $1.5 billion in March 2010, and Forbes Magazine ranked him as the world's richest person.
Bacon bought Taos Ski Valley from the Blake family, who had owned it since 1954.
Bacon is a major investor in the EV startup Fisker Inc. as of March 2022, with Bacon's Moore Capital Management owning 8.45 million Fisker shares 8.45 million Fisker shares.