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Billionaire Profile
Steven Schonfeld
Global Rank
#1763

Image: Unsplash Contributor | Unsplash License | via Unsplash

Steven Schonfeld

CEO, Hedge funds
UNITED STATES
Real-Time Net Worth
$2.377B
Estimated based on Hedge funds stock value as of April 21, 2026
0% (24h)
Age
66
Source
Hedge funds
Industry
Finance & Investments
Citizenship
UNITED STATES

Biography

Steven Schonfeld is a prominent figure in the hedge fund industry, with an estimated net worth of $2.4 billion. His wealth stems primarily from his success in hedge fund management through Schonfeld Strategic Advisors, which he founded. Schonfeld's career has been marked by innovation and adaptation, beginning as a proprietary trading firm and evolving into a multi-strategy hedge fund. He is known for his pioneering use of short-term trading strategies and commitment to building a strong team. His achievements include building a successful hedge fund that has opened to outside investors and never had a losing year.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Steven Schonfeld's journey began with a focus on finance and entrepreneurial endeavors. He started as a stockbroker at Prudential Bache. He cultivated a mindset of problem-solving and value creation. Schonfeld has shown an ability to understand the markets and capitalize on opportunities.

Rise to Success

Schonfeld's career is defined by founding Schonfeld Strategic Advisors. He first established his business in 1988 as a proprietary trading firm specializing in short-term trading. He converted it into a family office around 2009. Schonfeld's firm evolved into a multi-strategy hedge fund that opened to outside investors in 2016. Under Schonfeld's leadership, the firm has achieved significant returns.

Key Business Strategies

Schonfeld's key business strategies include:

  • **Pioneering Short-Term Trading:** Utilizing short-term trading strategies to capitalize on market inefficiencies.
  • **Adaptation and Innovation:** Transitioning from a proprietary trading firm to a multi-strategy hedge fund to stay ahead of market trends.
  • **Building a Strong Team:** Creating a work environment that promotes learning and growth.

Philanthropy

Schonfeld is known for his philanthropic efforts. The Steven B Schonfeld Foundation primarily funds educational initiatives.

Career Milestones

1988

Founded Schonfeld

Established Schonfeld as a proprietary trading firm.

2009

Transitioned to Family Office

Converted Schonfeld into a family office.

2016

Opened to Outside Investors

Evolved Schonfeld into a multi-strategy hedge fund, opening to outside investors.

Philanthropy & Social Impact

Education

The Steven B Schonfeld Foundation

$0.85M

Funds to support education that instills confidence and competence.

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