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Highest Paid Hedge Fund Managers

It's good to be a hedge fund manager. Here are the top 20 highest earning hedge fund and private equity managers in 2006 according to Forbes magazine. The average earnings of these top 20 managers is $657.5 million.

Name Company

2006 Earnings

1. James Simons Renaissance Technologies

$1,500,000,000

2. Steven Cohen SAC Capital

$1,200,000,000

3. Kenneth Griffin Citadel Investment Group

$1,200,000,000

4. T Boone Pickens BP Capital

$1,100,000,000

5. George Soros Soros Fund Management

$950,000,000

6. Stephen Schwarzman Blackstone Group

$940,000,000

7. Edward Lampert ESL Investments

$940,000,000

8. John Arnold Centaurus Energy

$760,000,000

9. Bruce Kovner Caxton Associates

$590,000,000

10. Henry Kravis Kohlberg Kravis & Roberts

$450,000,000

11. George Roberts Kohlberg Kravis & Roberts

$450,000,000

12. David Shaw DE Shaw & Co.

$430,000,000

13. Paul Tudor Jones Tudor Investment

$430,000,000

14. Carl Icahn Icahn Partners

$350,000,000

15. Stephen Feinberg Cerberus Capital

$330,000,000

16. Wesley Edens Fortress Investment Group

$330,000,000

17. Michael Novogartz Fortress Investment Group

$320,000,000

18. Peter Briger Fortress Investment Group

$320,000,000

19. Daniel Och Och-Ziff Capital Management

$300,000,000

20. David Rubenstein Carlyle Group

$260,000,000

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