LEON COOPERMAN has sent shockwaves through the footballing landscape after buying 1million shares in Manchester United.
The 80-year-old is one of America’s wealthiest investors after making a career managing hedge funds and trading stocks.
Cooperman is the founder of Omega Advisors which is based in New York City, and has secured 1million shares of United for $17m (£13.5m).
The news of his big stake comes just days before British billionaire businessman Sir Jim Ratcliffe is set to secure his 25 per cent takeover of the club.
Cooperman’s reported stake will be significantly less than that owned by Ratcliffe who is expected to pay £1.4billion for his quarter control of the Manchester giants.
Who is Leon Cooperman?
Leon Cooperman is an American businessman and former hedge fund manager.
He was born on 25 April 1943, making his 80 years old.
Cooperman worked for 22 years at Goldman Sachs in the Investment Research Department.
He held the title as partner-in-charge, co-chairman of the Investment Policy Committee and chairman of the Stock Selection Committee while there.
In 1989 he was named chairman and chief executive officer of Goldman Sachs Asset Management.
Cooperman retired from Goldman Sachs two years later and organized a private investment partnership, Omega Advisors, Inc.
What is Leon Cooperman’s net worth?
Leon Cooperman has a net worth of $2.8billion dollars (£2.24m), according to reports.
He currently serves as the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management.
Forbes magazine regards Cooperman as a “Wall Street legend” and ranks as number 24 in the highest-earning hedge fund managers list from 2018.
Who is Leon Cooperman’s wife Toby?
Leon Cooperman is married to Toby Cooperman, a retired special education specialist with a lifelong interest in helping those with learning disabilities.
The pair met in French class and subsequently married the same year they finished.
For more than 20 years, Toby has worked at the Early Childhood Learning Center, a school for special education students in Chatham, New Jersey.
