|Israel Englander Quick Info|
|Height||5 ft 7 in|
|Year of Birth||1948|
Israel Englander is an American investor, hedge fund manager, and philanthropist who is best known as the co-founder and CEO of Millennium Management, LLC, an investment management firm with a multistrategy hedge fund offering. Among the world’s largest alternative asset management firms, it had assets worth more than USD 50 billion (as of March 2023) under its management. Israel was named one of the highest-earning hedge fund managers and/or traders in the world – by the renowned Forbes magazine, in March 2019.
Israel Alexander Englander
Israel Englander was born in the year 1948.
New York City, New York, United States
New York, United States
Israel, raised in a religious Jewish family, had attended a Yeshiva (a traditional Jewish educational institution focused on the study of Jewish law, Jewish philosophy, and the Torah (the compilation of the first five books of the Hebrew Bible (the canonical collection of Hebrew scriptures))).
After his high school graduation, he joined New York University (NYU), a private research university in New York City. He graduated from there in 1970 with a B.S. (Bachelor of Science) degree in finance. He later enrolled in the same university’s MBA (Master of Business Administration) program but never completed the degree.
Investor, Hedge Fund Manager, Philanthropist
- Siblings – Helen Nash (née Englander) (Older Sister) (Author). He has one other older sister.
- Others – Jack Nachtgeist aka Jack Nash (Brother-in-Law) (Businessman, Investor, Founder of The New York Sun newspaper, Former President and Chairman of Oppenheimer & Company (American multinational independent investment bank and financial services company)) (d. July 2008), Joshua (Nephew), Pamela (Niece)
On April 4, 2023, Israel Englander’s net worth was $11.3 billion according to Forbes.
5 ft 7 in or 170 cm
77 kg or 169.5 lbs
Girlfriend / Spouse
Israel has dated –
- Caryl Schechter – Caryl Schechter divorced Israel, her husband of nearly 40 years, in 2020, citing his multiple infidelities. She left him for a Swiss gallerist and art dealer named Dominique Levy. The 2 women later filed a legal suit seeking an investigation into Caryl’s messy 2020 divorce settlement, alleging that Israel had pressured her to accept much lower alimony than was expected. He is then said to have paid Caryl more than USD 1 billion in a private settlement after which she withdrew her explosive suit. Caryl and Israel have 3 children together including a daughter named Laura Englander (Dermatologist) and a son named Michael Englander (Investor, Hedge Fund Manager, Managing Director of Millennium Management, LLC).
Race / Ethnicity
He is of Polish-Jewish descent.
- Mildly stocky frame
- Receding hairline
- Puffy face
- Often sports a clean-shaven look
Israel Englander Facts
- His father’s entire family was killed in the ‘Holocaust’ (the genocide of European Jews during World War II). Israel’s parents were then deported to a Soviet labor camp after the end of the war and his 2 older sisters were born there.
- The family eventually emigrated to the United States in 1947, about a year before Israel’s birth. He was fascinated with the world of financial markets from a very young age and started trading stocks while he was still in high school.
- During his college days, he interned at Oppenheimer & Company (an American investment bank and financial services company) where Jack Nash, his future brother-in-law, used to work. Israel also interned at the New York Stock Exchange, by far the world’s largest stock exchange by market capitalization.
- His first full-time job was with Kaufmann, Alsberg & Co., a now-defunct trading, investment banking, and brokerage firm that was situated on Wall Street, an 8-block-long street in the financial district of Lower Manhattan in New York City.
- Israel joined the company in 1970, soon after he graduated from New York University, and worked there until 1977. His focus there was on trading convertible securities and options.
- In 1977, he formed a brokerage house called Israel A. Englander & Co, Inc. In 1985, he co-founded an investment firm called Jamie Securities Co. with a USD 75 million investment from the Belzbergs, a Canadian business family.
- Jamie Securities Co. was dissolved in 1988 in the aftermath of the negative publicity generated by a co-founder’s conviction for illegal stock trading. The firm had to be shut down even though the ruling was later overturned and Israel had no involvement in the case whatsoever.
- In 1989, he co-founded Millennium Management, LLC, an investment management firm, with USD 35 million in seed money. By the end of 2019, 3 decades after its inception, the firm held thousands of investment positions and was making more than 2 million trades on an average day. By this time, it had nearly 3,000 employees in more than 12 offices across the United States, Europe, and Asia.
- In 2006, the Englander Foundation, led by Israel and Caryl Schechter, his then-wife, donated USD 20 million to mostly Jewish organizations and schools.
- In 2014, he bought a duplex apartment at Park Avenue, a wide New York City boulevard that carries north and southbound traffic in the city’s boroughs of Manhattan and the Bronx. The deal (worth USD 71.3 million) was the then-record price for a Manhattan co-op (a building that is jointly owned by a corporation made up of all its inhabitants).
- In 2022, Israel bought a USD 20 million apartment in Paris that was formerly owned by the Bettencourts, the founding family of L’Oréal S.A., the world’s largest cosmetics company.
- He has served on the board of Weill Cornell Medical College, the New York City-based biomedical research unit & medical school of Cornell University, a private Ivy League (a group of 8 private research universities and elite colleges in the Northeastern United States that symbolize/manifest academic excellence, selectivity in admissions, and social elitism) statutory land-grant research university based in Ithaca, New York.
- Israel has also served on the board of the ‘Metropolitan Council on Jewish Poverty’, a New York City-based non-profit social services organization.
Featured Image by Business Insider / Instagram