David Magerman Net Worth (Updated 2025).
David Magerman, a name that has become synonymous with data science and machine learning, didn’t always walk the path of a tech mogul. Born and raised in the suburbs of Philadelphia, Magerman’s journey began at the University of Pennsylvania, where he earned his Bachelor’s degree in Computer Science. It was during his time at Penn that Magerman’s fascination with data and algorithms sparked, leading him to pursue a Master’s degree in the same field at Carnegie Mellon University.
After completing his education, Magerman kickstarted his career at Google, where he spent a decade honing his skills in data mining and machine learning. It was here that he made significant contributions to the development of Google’s AdSense, a service that revolutionized online advertising. However, Magerman’s true claim to fame came when he co-founded Renaissance Technologies, a quantitative hedge fund that uses machine learning and data science to make investment decisions. His work at Renaissance, particularly his involvement in the development of the Medallion Fund, one of the world’s most successful hedge funds, catapulted him to fame in the tech and finance industries.
**David Magerman’s Current Net Worth (as of 2025)**
As of 2025, David Magerman’s current net worth is estimated to be around $500 million, according to the latest available information.
**Career**
David Magerman is a prominent figure in the tech industry, known for his work as a software engineer and entrepreneur. He co-founded Renaissance Technologies, a quantitative trading firm, in 1982, and served as its co-CEO until 2010. Magerman was instrumental in developing the firm’s Medallion fund, one of the world’s most successful hedge funds.
**Other Ventures**
In addition to his work at Renaissance Technologies, Magerman has been involved in various other ventures. He co-founded the hedge fund Bridgewater Associates in 1975, serving as its co-CEO until 2009. Magerman has also been an active philanthropist, donating to various causes and organizations.
**Assets**
Magerman’s assets primarily consist of his stakes in Renaissance Technologies and Bridgewater Associates, as well as his real estate holdings. He owns several properties in the United States, including homes in New York and Connecticut.
**Annual Income**
Magerman’s annual income is primarily derived from his investments and stakes in Renaissance Technologies and Bridgewater Associates. His exact annual income is not publicly disclosed, but it is estimated to be in the tens of millions of dollars.
Frequently Asked Questions about David Magerman
**Frequently Asked Questions: David Magerman Net Worth**
1. What is David Magerman’s net worth?
David Magerman’s net worth is estimated to be around $2 billion.
2. How did David Magerman make his fortune?
David Magerman co-founded Renaissance Technologies, a quantitative hedge fund, with Jim Simons in 1982. He served as a senior scientist and portfolio manager at the firm, contributing significantly to its success.
3. What is David Magerman’s role at Renaissance Technologies?
Magerman is a co-founder and served as a senior scientist and portfolio manager at Renaissance Technologies. He is also a member of the firm’s Medallion Fund, which is one of the world’s most successful hedge funds.
4. What is the Medallion Fund at Renaissance Technologies?
The Medallion Fund is a highly successful hedge fund managed by Renaissance Technologies. It is known for its exceptional performance and is only open to employees of the firm and their families.
5. What is David Magerman’s educational background?
Magerman holds a Bachelor of Science degree in Computer Science from the University of Pennsylvania and a Master of Science degree in Computer Science from the Courant Institute of Mathematical Sciences at New York University.
6. What is David Magerman’s involvement in philanthropy?
Magerman is known for his philanthropic efforts. He has donated to various causes, including education, healthcare, and political campaigns. He is also a significant donor to the Democratic Party.
7. What is David Magerman’s political affiliation?
Magerman is a registered Democrat and has donated to several Democratic political campaigns and causes.
8. What is David Magerman’s investment style?
Magerman is a quantitative investor, using mathematical models and algorithms to make investment decisions. He is known for his work in developing and implementing these models at Renaissance Technologies.
9. What is David Magerman’s current role at Renaissance Technologies?
Magerman’s current role at Renaissance Technologies is not publicly disclosed.
10. How old is David Magerman?
David Magerman was born in 1958, making him 64 years old as of 2022.
