Gabe Plotkin is an American businessman who has recently attracted considerable attention through a series of extremely successful and high-profile partnerships. Nonetheless, Gabriel is a successful entrepreneur who has overcome many challenges along the way. He keeps an eye on the market all night and is responsible for billions of dollars worth of mutual funds. He previously worked as a portfolio manager at SAC Capital and is now the chief information officer and founder of the company, trading as Melvin Capital.
Gabriel was born in the 1980s and grew up in a Jewish household. The identities of Gabe Plotkin’s parents and siblings remain unknown. However, as soon as we learn of the above information, we will definitely share it with you. Gabe attended a public elementary school in her hometown in the United States. In 2001, he graduated from Northwestern University with a Bachelor of Science degree in Economics. Gabe began working for SAC Capital as a trader immediately after graduating.
Gabe Plotkin career
After leaving SAC in the wake of the insider trading scandal in late 2014, Plotkin founded Melvin Capital and named it after his late grandfather, a successful local businessman. Thanks to his efforts, a sum of almost one billion US dollars was raised. Melvin Capital returned 47% in its first full year of operation, ranking #2 on Bloomberg’s 2015 list of top-performing funds, managing $1 billion or more.
The fund’s return of 67% (before fees) in 2015 was mainly due to its short positions. The most prominent short positions included defunct retailers JC Penney Co. and SunEdison Inc. The portfolio returned 41% in 2017. These included Chewy.com, Amazon.com, Las Vegas Sands, Alibaba, and a short on GameStop among the more prominent investments.
The Wall Street Journal reports that in 2019, Melvin Capital Management LP was responsible for about a third of returns at Steve Cohen’s current hedge fund, Point72. The company’s name appeared in September 2020 due to a net short sale in the Polish Short Selling Register 0.55 percent stake in game maker CD Projekt via the Polish Stock Exchange (GPW). They benefited greatly from the difficulties that came with the initial release of Cyberpunk 2077.
Melvin has one of the highest fee structures in the hedge fund sector, charging investors an annual management fee of 2% plus up to 30% of returns. In early 2021, Melvin Capital lost more than 30% of its value due to short betting. One of the shorts that failed the company was GameStop.
Users on the WallStreetBets subreddit took long positions in the stock as news of a bankruptcy circulated. Although Melvin Capital liquidated its short position, the exact amount of money Melvin Capital lost in the transaction remains unknown. By the end of January, Plotkin’s hedge fund had lost 53% of its value.
Gabe Plotkin Biography
|Real name||Gabriel Plotkin|
|Age (as of 2023)||40s|
|residence||New York City, United States|
|Height||in feet inches – 5 feet 7 inches – in centimeters – 170 cm|
|Weight||in kilograms – 75kg – in pounds – 165 pounds|
|Hair color||dark brown|
|eye color||dark brown|
Gabe Plotkin Family
|Who is Gabe Plotkin’s wife?||Yaara Bank Plotkin|
|Children||One (Eytan Shmerel)|
Gabriel Plotkin’s professional and personal life is very active. Mr. Plotkin is happily married to Yaara Bank-Plotkin. She was born and raised in New York. The two tied the knot in 2006 and are still going strong. Eytan Shmerel is her son’s name. Both grew up on the east coast.
Gabe Plotkin Net Worth
To put his net worth in perspective, American hedge fund manager Gabriel “Gabe” Plotkin is worth $400 million, which makes him a very wealthy businessman. Many people’s fortunes have been made and lost in the world of financial security at high stakes.
Through Melvin Capital, his investments total approximately $12.5 billion. He also owns approximately $20 million in Bath & Body Works stock and an undetermined amount of Amazon stock. He still has a thriving business.
Facts About Gabe Plotkin
- Plotfin and his wife Yaara both have strong feelings for Israel. The Chabad Israel Center is one of its subsidiaries.
- The couple, like any family, enjoys some of their favorite pastimes with their son, such as sporting events and petting zoos, but they have a strong sense of community and are committed to doing whatever they can to support the Jewish community through their efforts in partnership with Chabad.
- Gabe received his bachelor’s degree in journalism from New York University.
- He is a committed member of the Belev Echad program.