The fund managed around $8 billion at the end of 2011, $24 billion at the end of 2014 and $32 billion at the end of 2015. 31 on last years ranking. Not only did they not lose money, but some of them actually made more than ever before. The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. The Early Returns Of Kevin Durant In The Phoenix Suns Offense, Desperate Russian Forces Are Adding 80-Year-Old Naval Guns To 70-Year-Old Armored Tractors, Saturday, March 4. John Overdeck was formerly the managing director at D.E.
These Hudson Valley billionaires are among richest US Forbes Hedge Fund and Insider Trading News: Paul Tudor Jones, Carl Icahn, Bain Capital, Two Sigma Advisors, GoldenTree Asset Management, Man Group, B Riley Financial Inc (RILY), Energy Transfer LP (ET), and More, Hedge Fund and Insider Trading News: Nelson Peltz, Bill Ackman, Millennium Management, Two Sigma Advisors, Citadel LLC, Banc of California Inc (BANC), Alphabet Inc. (GOOG), and More, Hedge Fund and Insider Trading News: Ken Griffin, Michael Novogratz, Nelson Peltz, Two Sigma Advisors, Brevan Howard Asset Management, ValueAct Capital Management, Bireme Capital, Dave & Buster's Entertainment Inc (PLAY), Tradeweb Markets Inc. (TW), and More, Hedge Fund and Insider Trading News: Steve Cohen, Two Sigma Advisors, Citadel LLC, Bridgewater Associates, Fir Tree Partners, NVIDIA Corporation (NVDA), Erasca Inc (ERAS), and More, 15 Biggest Hedge Funds in the World by AUM, Hedge Fund and Insider Trading News: Howard Marks, George Soros, Chris Rokos, Two Sigma Advisors, Magnetar Capital, Tiger Global Management, Elliott Management, Align Technology, Inc. (ALGN), and More, Hedge Fund and Insider Trading News: David Einhorn, Two Sigma Advisors, Starboard Value, Bireme Capital, Cohen & Steers Real Opportunities and Income Fund (RLTY), Axcella Health Inc. (AXLA), and More, Hedge Fund and Insider Trading News: Ray Dalio, Carl Icahn, Crispin Odey, George Soros, Two Sigma Advisors, Pentwater Capital, Chardan NexTech Acquisition 2 Corp (CNTQ), Dave Inc. (DAVE), and More, Hedge Fund and Insider Trading News: Michael Burry, Platinum Partners, Two Sigma Advisors, Greenvale Capital, Oslo Asset Management, Leucadia Asset Management, Lions Gate Entertainment Corp. (LGF.A), Loop Media, Inc. (LPTV), and More, Hedge Fund and Insider Trading News: Sanjay Shah, Two Sigma, Platinum Asset Management, Ivanhoe Electric Inc (IE), Third Harmonic Bio, Inc. (THRD), and More, Hedge Fund and Insider Trading News: Nelson Peltz, Lone Pine Capital, Coatue Management, Elliott Management, Bridgewater Associates, Renaissance Technologies, Kelly Services, Inc. (KELYA), Evertec Inc (EVTC), and More, Hedge Fund and Insider Trading News: Warren Buffett, Michael Burry, Dan Loeb, Ray Dalio, Ken Griffin, Elliott Management, Tiger Global Management, Xpel Inc (XPEL), Nextdoor Holdings Inc (KIND), and More, Hedge Fund and Insider Trading News: Two Sigma Investments, Light Street Capital, SVM Asset Management, Eisner Ampers Asset Management Group, AFC Gamma Inc (AFCG), Smart Sand, Inc. (SND), and More, Hedge Fund and Insider Trading News: Ray Dalio, Steve Cohen, Two Sigma Advisors, TIFF Investment Management, MP Materials Corp (MP), HireRight Holdings Corporation (HRT), and More, 10 Best Dividend Stocks According to John Overdeck And David Siegel's Two Sigma Advisors, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. The firm, which specializes in distressed debt and is one of the largest hedge funds in the world, has over $74 billion in assets under management. Shaw & Co., where David Siegel also worked as Chief Information Officer. What are the main benefits of having another shot creator and off-ball spacer of Durant's caliber? [14], As of early 2017, Two Sigma had used crowdsourcing options to find trading signals.
Rich Formula: Math And Computer Wizards Now Billionaires - Forbes From 2004 to 2013, he donated more than $125 million to the school, including $55 million to rename the Graduate School of Industrial Administration the Tepper School of Business. Heres How To Trade The Stock Now, NBA Investigating Ja MorantGrizzlies Star Allegedly Flashed Gun On Instagram After Reports Of Violent Behavior, Liverpool Legend Roberto Firmino Reportedly Offers Himself To FC Barcelona, Someone Made A Call Of Duty Clone In Roblox And Its Really Good, Sam Bankman-Fried Unplugged: DOJ Proposes Only A Flip Phone And Limited Internet While FTX Founders On Bail, Suspected Poison Attacks On Girls Attending Schools In Iran, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Dalio's net worth is, by Forbes' estimate, $15.6 billion, and he ranks 48 on its billionaires list. According to the latest estimates, Two Sigma has over $20 billion in assets under management. It doesn't help that the house gets caught up in minor construction-related hang-ups that slow down work. By adding together the volatilities of individual positions measured against the benchmark, Two Sigma can amplify forecast signals, the company's website says. and Two Sigma Compass fund disclosed net returns of 25.56% in the same year. 'Frontlines' is a 'Call Of Duty' clone made in Roblox.
However, since many of its clients are major institutional investors who plan on keeping their funds invested for the long term, Jensen was compensated with $150 million. Prior to Millennium, Englander formed a floor brokerage house called I.A. Meanwhile, Bloomberg News reported on Feb. 17 that Siegel and. Back in 2002, just two computer-driven managers made the top 25 list. David is a computer scientist, entrepreneur, and philanthropist.
David Alan Siegel Net Worth 2023: Age, Height, Weight, Wife, Kids, Bio David A. Siegel is a successful businessman, company founder, and investor. Two Sigma Co-chairman David Siegel explains what workers can do to thrive in an age of rapid technological change. [6] Pickard served as the President of the firm from its inception until his retirement in 2006. The top 11 hedge fund chiefs alone brought in over $10 billion. Millennium Management's Israel Englander made $1.5 billion in 2015. For a brief time, he also had to stop building the gilded, 90,000 square foot mansion (known as Orlando's Versailles) for his family. David Siegel Net Worth. David Siegel, the computer scientist behind Two Sigma Investments, has a net worth estimated at $6.5 billion, and in 2020, he made $700 million, which earned him the 13th spot on our list. He ranks at number 50 on Forbes' billionaires list and according to the publication has a net worth of $15.5 billion. Siegel became chief technology officer and managing director at Tudor Investment Corporation, and Overdeck spent two years at Amazon (AMZN) - Get Free Report . The pair worked together at D.E. Two Sigma Investments is a New York City-based hedge fund that uses a variety of technological methods, including artificial intelligence, machine learning, and distributed computing, for its trading strategies. He is the co-founder of Two Sigma Investments, a hedge fund firm that manages $60 billion, according to a Forbes profile. His pay comes from managing Bluecrest Capital, which gained an impressive 95% last year. Shaw sells FarSight, an online backoffice division Siegel formed. Forbes pegs Edelman's net worth at $250 million. Even so, the Odey Asset Management firm wasnt very successful in 2020, with its flagship fund, the Odey European fund, losing over 20%. For a brief time, he also had to stop building the gilded, 90,000 square foot mansion (known as Orlando's Versailles) for his family. Inspired by 2001: A Space Odyssey, David was drawn to computer science at a young age and developed a deep interest in programming.This interest sparked a life-long passion for building intelligent computational systems, reflecting the belief in technology's .
John Overdeck - Wikipedia In May 2019, a Two Sigma team competed in the inaugural New York City FIRST robotics corporate challenge after setting up a temporary robotics lab in its New York office. Bezos, who founded the e-commerce giant out of his garage in Seattle, Washington, will step down as CEO at the end of this year. Here are the world's 17 richest hedge-fund billionaires, 'Put all your eggs in one basket and watch the basket very carefully': Here are 13 brilliant quotes from billionaire investor Stanley Druckenmiller, A woman threw a house party with 65 men she matched with on Tinder and Hinge and connected with the man she's now been dating for a year, Vivo V27 Pro Review: Capable camera performance in a sleek form factor, Replika users say they fell in love with their AI chatbots, until a software update made them seem less human, Apple gives nod to ChatGPT-driven app amid concerns, NASA spacecraft captures unusual circles of sand dunes on Mars, 'Let's get real': scientists discover a new way climate change threatens cold-blooded animals. [8] In July 2014, it was announced that Simon Yates, Citigroup's global head of equity derivative sales and trading, left the bank to join Two Sigma. The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. Liverpool legend Roberto Firmino has offered himself to FC Barcelona through his agent, according to a report. Based in New York City, Two Sigma Investments was founded by John Overdeck, David Siegel, and Mark Pickard in 2001 . Third Point manager Dan Loeb, who in his fourth-quarter letter to investors said his event-driven, long equity approach had hit a "brick wall," fell from the last, as did Omega Advisors' Leon Cooperman, Paulson & Co.'s John Paulson and York Capital Management's James Dinan after their firms underperformed. He has been described as the "the richest person in Orlando." Birthdate: May 3, 1935 Birthplace: Chicago, Ill. A. Siegel is an American entrepreneur who has a net worth of $500 million dollars. Salesforce beat earnings-per-share estimates after the closing bell on March 1, 2023. This years list includes a record 328 female billionaires, up from 241 in 2020. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. Half of the 25 highest-earning hedge fund managers use computer-generated strategies to produce some or all of their investment gains, and six of the top eight are full-fledged quants, meaning tech is doing the vast majority of the heavy lifting. Ray Dalio, founder and co-chief investment officer of Bridgewater Associates, is worth an estimated $17 billion. Two Sigma Co-founder and Co-chairman David Siegel recently spoke with Devin Banerjee, editor of LinkedIn's Human Capital newsletter. As of 2014, the couple has donated more than $1 billion to various causes. Overdeck has about $5.3 billion in assets in the firm, based on an analysis of the 2022 Form ADV filed with the Securities and Exchange Commission. The number of billionaires on Forbes 35th annual list jumped to an unprecedented 2,755 people, 660 more than a year ago. This ran from October 2017 to January 2018, and in this version players competed for control of planets using ships. [3][28] In October 2014, Two Sigma had raised $3.3 billion for a macro hedge fund in one of the largest new pools of such capital raised since the 2008 financial crisis. Tepper's move from the state of New Jersey to Florida sounded alarm bells in the Garden State earlier this year due to concerns over what his departure would mean for tax revenue. In 2015, he purchased a painting by Jackson Pollock and another by Willem de Kooning for a total of $500 million, according to The Wall Street Journal.
[22], At the end of 2016, Two Sigma Investments introduced an artificial intelligence challenge called Halite. The former undrafted free agent's contract includes $1.4 million in remaining guaranteed salary. Even its . The fund regularly donated to a connected charitable fund run by his wife (the entities separated when the pair divorced a decade later). In fact, the Appaloosa Management manager makes so much money that his departure sent one state's legislative budget office into a panic. Bernard Arnault of LVMH remains at No. His net worth at the moment is estimated to be around $15.2 billion, and hes one of those who have used his immense wealth to help others. A 5% liquidity discount is applied. The FTX founder would also be prohibited from using his parents devices. The New England Patriots plan to release 37-year-old quarterback Brian Hoyer at the beginning of the 2023 league year, as first reported by SiriusXM NFL's Adam Caplan. $5.94B can buy Siegel's fortune is held in Two Sigma Investments, the hedge fund he co-founded in 2001 with John Overdeck and Mark Pickard. Carl Icahn is an American investor who has a net worth of around $16.5 billion, making him one of the wealthiest hedge fund managers in the country. Two Sigma also runs a market-making business, owns a. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). A handful of hedge fund managers made more money in 2015 than Donald Trump's claimed net worth. Orlando's timeshare king, David Siegel, is back on his way to becoming a billionaire -- a feat that seemed nearly impossible during the 2008 financial crisis, when bankers were coming after his over-leveraged Westgate timeshare properties. Griffin is 157 on Forbes' billionaires list, with a net worth of $7.6 billion. [3] The firm is run by John Overdeck and David Siegel. AMZN) with a 0.717% allocation increase to 0.75% of the total portfolio, worth $238.54 million at the close of 2022. David Siegel of Scarsdale is at the top. Find Out: 10 Ways the Richest Billionaires Stay Rich. David Alan Siegal is the richest man among America's 50 biggest cities. Bayern Munich is keeping pace with Borussia Dortmund at the top of the table ahead of the season-defining clash against Paris Saint-Germain on Wednesday. The 82-year-old owns a Florida mansion named Versailles, which also happens to be the "largest and most expensive" family home in America. As of 2017, Overdeck has an estimated worth of $4.9 billion, and he had a 2016 income of about $750 million. How has the Suns' new starting group performed? Please try again later. Misha Friedman/Getty Images. Citadels Ken Griffin told New York City Mayor Eric Adams and other business leaders that public safety is the top priority, and that the city cant be attractive to companies if crime is an issue Two Sigma, a New York-based hedge fund that uses sophisticated technology, is taking its analytical skills into insurance underwriting with Two Sigma Insurance Quantified. Paul Tudor Jones II is a good earner with a paycheck of $500 million in 2020, tying with Shaw and Talpins.
Bloomberg Billionaires Index - David Siegel John Overdeck and David Siegel, the founders of Two Sigma, brought in $500 million each in 2015.
David Siegel Bio, Wife, Daughter, Versailles house, Lawsuit and Net Can you guess who's the richest person in the world? Fourth on the list is the founder of Citadel, Ken Griffin. Peltz is definitely not one of those who will remember 2020 with a sour taste in their mouth. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. How has the Suns' new starting group performed? Today, Siegel and Overdeck own Two Sigma and are co-chairmen of the company, located in the SoHo district of Manhattan. Two Sigmas returns for that year reached 18% through quantitative trading. Two Sigma Investments is stepping up its bid to tap the wealth of Chinese investors by asking them for a fresh round of cash for its outperforming fund and expanding local headcount. While 2015 was great for some managers, others didn't do so hot and failed to make the ranking after their funds lost money. He built his fund into a $32 billion powerhouse based on quantitative trading. Two Sigma was founded in 2002 and has been registered with the SEC since 2009. Russias War On Ukraine: Daily News And Information From Ukraine, Bayern Munich Remain First But Must Switch Off Complacency Ahead Of PSG Fixture, More Ex-British Challenger 2 Tanks Are Bound For Ukraine As London Doubles Its Pledge, This African Country Of Millions Is Without PowerHeres What We Know, REI Workers In Cleveland Vote To Join The Retail, Wholesale And Department Store Union, What It Took To Bring Daisy Jones And The Six To TV, Texas GOP Censures Rep. Gonzales For Supporting Same-Sex Marriage And Gun Safety, New England Patriots Reportedly Set To Release Brian Hoyer, Leaving Two In The Quarterback Room, Salesforce Gapped Higher On Better-Than-Expected Earnings. Westgate Resorts timeshare company, founded in the year 1982, is owned by him. Reflects change since 5 pm ET of prior trading day. Siegel's charitable foundation, Siegel Family Endowment, is focused on technology and society and supports programs such as the MIT Center for Brains, Minds and Machines. Hedge fund managers are high on the list of the worlds billionaires who made it big in 2020. The weekend golfers and tennis players among us know that hitting a ball is no easy feat. Notoriously private, Simons owns homes in New York City and on Long Islands North Shore. Icahn made most of his money through smart investments and, more recently, through his position as chairman of Icahn Partners. Bachelor of Arts/Science, Stanford University; Master of Science, Stanford University. Two Sigma also runs a market-making business, owns a Bermuda reinsurance company, operates a venture capital arm, a private equity arm and invests in real estate. [15] By March 2017, the fund was running a competition on Kaggle to code a trading algorithm.
Copyright 2023. Coming from Bridgewater Associates, one of the biggest hedge fund firms in the world, its no wonder Robert Prince earned a paycheck of $150 million, even though the fund performed poorly because of the pandemic. It looks as if private equity investors arent the only ones interested in buying into the financial advice industry. Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. The hedge fund reported 2,767 positions, up from 2,434 positions reported at the end of the preceding quarter. The billionaire is on the board of a series of non-profits, including the Scratch Foundation, a programming-focused non-profit he cofounded in 2013. Forbes pegs Overdeck and Siegel's net worth at $3.1 billion each. Two Sigma Investments Background. Overdeck was a math prodigy who won a silver medal at the International Mathematical Olympiad at age 16. Two Sigma Investments. Halite is a programming game inviting coding enthusiasts to build smart bots whose goal is to gain control of a virtual grid. . Two Sigma also runs a market-making business, owns a Bermuda reinsurance company, operates a venture capital arm, operates a private equity arm and invests in real estate. Others, however, still made the list even though they lost money. A skilled hedge fund manager, Griffins net worth is $7.8 billion and his 2016 earnings totaled about $600 million. Heres How To Trade The Stock Now, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. And it might be only the beginning of an even bigger U.K. commitment to Ukraines rearmament. New York-based hedge fund Two Sigma, led by David Siegel, poured into Amazon.com and Paypal Holdings Inc in the quarter ending Dec. 31, according to the firm's most recent SEC form 13F filing.. Russias War On Ukraine: Daily News And Information From Ukraine, Bayern Munich Remain First But Must Switch Off Complacency Ahead Of PSG Fixture, More Ex-British Challenger 2 Tanks Are Bound For Ukraine As London Doubles Its Pledge, This African Country Of Millions Is Without PowerHeres What We Know, REI Workers In Cleveland Vote To Join The Retail, Wholesale And Department Store Union, What It Took To Bring Daisy Jones And The Six To TV, Texas GOP Censures Rep. Gonzales For Supporting Same-Sex Marriage And Gun Safety, New England Patriots Reportedly Set To Release Brian Hoyer, Leaving Two In The Quarterback Room, Salesforce Gapped Higher On Better-Than-Expected Earnings. [3] [4] History [ edit] Salesforce beat earnings-per-share estimates after the closing bell on March 1, 2023. Born in the Bronx, Siegel is a computer fanatic who got a computer science Ph.D. from MIT and worked at hedge funds D.E. By clicking the 'Subscribe Now' button, you agree to our Terms of Use and Privacy Policy. Up Next: Think Like a Billionaire With These 19 Traits of Mark Cuban and the Super Rich. Siegel declined to comment on his net worth through spokesperson Hannah Fuchs in November 2022. He made $1.8 billion in 2020, which is quite an achievement during a year that was full of doubts, economic crisis, and a raging pandemic.
America's Richest Hedge Fund Billionaires - Forbes Firm: Two Sigma Net worth: $6.1 billion Rank: 267 Source: Forbes 1 on our list is Millennium Managements Israel Izzy Englander, who grossed a payday of $3.6 billion last year. A Paul Tudor Jones-backed hedge fund that harnesses the stock-picking skills of amateur quants has nabbed another $100 million of inflows after soaring 20% in last years market turmoil. Overdeck has given $260 million through his charitable foundation, Overdeck Family Foundation, which supports education programs and research. Kenneth Griffin is the founder and CEO of Citadel, a global investment firm based in Chicago that manages $152.6 billion in assets as of 2017. John Overdeck was formerly the managing director at D.E. Englander & Co. and an investment firmed named Jamie Securities. Today, he oversees the management of over $23 billion in investment capital at the firm, which relies on a state-of-the-art computer system to invest. All Right Reserved. Griffin owns two other full-floor condos in Chicago that he purchased for $15 million in 2012, as well as homes in Aspen, Colo., and Hawaii. 4. In 2015, Tepper made an impressive $1.4 billion, which actually seems low when compared with his 2013 earnings of $3.5 billion, according to Institutional Investors Alpha. It showed a growth of almost 13% last year, so Singers paycheck could have been higher. It goes to show that, during a unique crisis, some strategies work better than others. If you thought the crippling economic effects of COVID-19 made all of us poorer, you would be wrong. Two Sigma reported a fund value of $31.85 billion at the close of 2022, growing from $29.42 billion in the previous filing. Russias War On Ukraine: Daily News And Information From Ukraine, Bayern Munich Remain First But Must Switch Off Complacency Ahead Of PSG Fixture, More Ex-British Challenger 2 Tanks Are Bound For Ukraine As London Doubles Its Pledge, This African Country Of Millions Is Without PowerHeres What We Know, REI Workers In Cleveland Vote To Join The Retail, Wholesale And Department Store Union, What It Took To Bring Daisy Jones And The Six To TV, Texas GOP Censures Rep. Gonzales For Supporting Same-Sex Marriage And Gun Safety, New England Patriots Reportedly Set To Release Brian Hoyer, Leaving Two In The Quarterback Room, Salesforce Gapped Higher On Better-Than-Expected Earnings. Get advice on achieving your financial goals and stay up to date on the day's top financial stories. He has contributed more than $3 million through the Siegel Family Endowment. Trusts established by Overdeck and Siegel are the principal owners of the firm. [20] In May 2019, the fund had assets reaching $60 billion.
Completed in 2015, his new, 11,270-square-foot, oceanfront residence has 11 bedrooms and six bathrooms. All Rights Reserved. Meanwhile, Elon Musk soared to the No. The company thrived in the aftermath of the Great Recession, seeing its assets under management triple between 2009 to 2011, according to a report by Alpha Magazine. The firm now manages about $31 billion in assets utilizing a research-intensive, long-term-focused investment approach. Check Your Pockets Before You Use This 2004 Coin, The Daily Costs of Living Like a Billionaire, 10 Ways the Richest Billionaires Stay Rich, understanding how to become a billionaire, Think Like a Billionaire With These 19 Traits of Mark Cuban and the Super Rich, These Are the Worlds Richest Billionaires, Serena Williams and the Richest Female Athletes in 2023. A known philanthropist, Griffin has donated more than $500 million to educational, healthcare and community development causes. Bayern Munich is keeping pace with Borussia Dortmund at the top of the table ahead of the season-defining clash against Paris Saint-Germain on Wednesday. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. According to Forbes, Hohn's activist fund returned 14.4% net of fees in 2015.
David Siegel - Co-Founder & Co-Chairman - Two Sigma | LinkedIn David Siegel is a computer scientist, entrepreneur, and philanthropist. Additionally, he owns a 222-foot yacht named Archimedes. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest The Simons Foundation Autism Research Initiative announced an ambitious undertaking in 2017: Spark, a push to stockpile genetic data from 50,000 individuals with autism and their families. The fund he manages for outside investors lost money in 2020.
David Siegel Bio, Wife, Daughter, Versailles Mansion, Lawsuit and Net Worth No.
David A. Siegel Net Worth | Celebrity Net Worth Here were the top 25 of 2020. Were reaching the bottom of our list of the 25 top-earning hedge fund managers, and we still see paychecks of more than $100 million. Siegel founded Two Sigma Investments with co-chairman John Overdeck in 2001 after earlier stints at Tudor Investments and D.E. Analysts say Siegel's antics would make it hard for investors to trust the company if were publicly traded. 2 spot, up from No. [3][4], Two Sigma Investments was founded in 2001 by John Overdeck, David Siegel and Mark Pickard. It doesn't help that the house gets caught up in minor construction-related hang-ups that slow down work. David Shaw, like Simons, is a different class of investor.
David Siegel | Business Insider India our complete methodology , Design & development: He launched his current firm with $35 million in 1989 and has grown it to one of more than $34 billion. Shaw and Amazon. He deserved every cent, since he managed to navigate a pandemic and a political and economic crisis to grow his fund five times more than it grew the previous year. 2023 Forbes Media LLC. Close to Philippe Laffont came David Tepper, who made $1.3 billion last year. According to a Celebrity Net Worth report, David's net worth is at $500 million. Ph.D, Massachusetts Institute of Technology; Bachelor of Arts/Science, Princeton University. Siegel put it on the market Orlando's timeshare king, David Siegel, is back on his way to becoming a billionaire -- a feat that seemed nearly impossible during the 2008 financial crisis, when bankers were coming after his over-leveraged Westgate timeshare properties.