Stephen Mandel (hedge fund manager)


'Stephen Frank Mandel, Jr is an American hedge fund manager, investor, and philanthropist. He founded Lone Pine Capital in 1997, after working as the managing director at Tiger Management. According to Forbes Magazine'', Mandel has a net worth of $2.6 billion as of October 2018. He is the 316th richest person in the United States.

Early life and education

Mandel is the son of Ann and Stephen Frank Mandel. He has a brother, Edward Safford Mandel. In 1974, Mandel graduated from the Phillips Exeter Academy. In 1978, he graduated from Dartmouth College with a Bachelor of Arts in government and was a member of the Psi Upsilon fraternity. He also has an M.B.A. from Harvard University.

Investment career

From 1982 to 1984, he worked at Mars & Co as a senior consultant and then from 1984 to 1990, he worked as a consumer-retail analyst at Goldman Sachs before working as a consumer analyst and eventually managing director at Tiger Management, a hedge fund founded by Julian Robertson. In 1997, he left Tiger and founded his own hedge fund, Lone Pine Capital LLC.
Forbes listed Stephen Mandel as one of the 40 Highest-Earning hedge fund managers in 2012.
Forbes listed Stephen Mandel as one of the 25 Highest-Earning hedge fund managers in 2013.
In 2018, Forbes listed Mandel as 15th highest-earning hedge fund manager. As of January 2019, Mandel will no longer manage investments for his Lone Pine Capital but will remain a managing director.

Wealth and philanthropy

According to Forbes Magazine, Mandel has a net worth of $2.6 billion as of October 2018.
He was chairman of Dartmouth's board of trustees and is currently Chair of the National Board of Directors at Teach for America. He founded two charitable foundations: the Zoom Foundation and the Lone Pine Foundation. Mendel donated $1 million to the Lincoln Project, a Republican-led super PAC.

Personal life

In 1982, he married Susan Joy Zadek of Baltimore, whom he met at Harvard. They have three children. His wife is a trustee of the Environmental Defense Fund and of Vassar College.