Larry Hite Net Worth (Updated 2026).
Larry Hite, born in 1956, began his career in the financial world not with a traditional education in finance or economics, but rather with a degree in engineering from the University of Illinois. His analytical mind and mathematical prowess led him to the world of trading, where he started as a clerk at the Chicago Mercantile Exchange in the early 1980s.
Hite’s rise to fame in the trading world was swift and impressive. He quickly moved from clerk to trader, and by the late 1980s, he had co-founded the hedge fund Hite, Lavon & Co., which grew to manage over $1 billion in assets. His innovative trading strategies and ability to predict market trends earned him the nickname “The King of the Futures” and made him a prominent figure in the trading community.
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Larry Hite’s Current Net Worth (2025)
As of 2025, Larry Hite’s current net worth is estimated to be around $1 billion. This significant figure is a testament to his successful career in the finance industry.
Career
Larry Hite is a renowned hedge fund manager and co-founder of the hedge fund, EGS Group. He started his career as a stockbroker in the 1970s and later co-founded EGS in 1984. Under his leadership, EGS became one of the world’s largest and most successful hedge funds, managing over $2 billion at its peak.
Other Ventures
Besides EGS, Hite has also been involved in various other ventures. He co-founded the Hite Group, a private investment firm, and has served on the board of several companies. Additionally, he has authored books on trading and investment strategies, sharing his expertise with the wider financial community.
Assets
Larry Hite’s assets include stakes in various companies and funds, as well as real estate. He is known to have a significant holding in the New York Stock Exchange, among other investments. His real estate portfolio includes properties in the United States and abroad.
Annual Income
While Hite’s exact annual income is not publicly disclosed, it’s safe to assume that it’s substantial given his net worth and successful career. As a hedge fund manager, his income would primarily come from performance fees, known as “2 and 20” – a 2% management fee and a 20% share of profits.
Frequently Asked Questions about Larry Hite
**Frequently Asked Questions: Larry Hite Net Worth**
1. What is Larry Hite’s net worth?
Larry Hite’s net worth is estimated to be around $1.5 billion.
2. How did Larry Hite make his fortune?
Larry Hite made his fortune primarily through his successful career in the hedge fund industry. He co-founded Mint Investments in 1974, which later became Mint Capital Management.
3. What is Larry Hite’s background?
Larry Hite was born in 1949 and graduated from the University of California, Los Angeles with a degree in economics. He began his career as a stockbroker before co-founding Mint Investments.
4. What is the Hite Private Equity Fund?
The Hite Private Equity Fund is a private equity fund managed by Larry Hite. It focuses on investing in middle-market companies across various industries.
5. What is Larry Hite’s investment style?
Larry Hite is known for his trend-following and systematic approach to investing. He uses a quantitative model to identify and capitalize on long-term trends in the market.
6. Has Larry Hite written any books?
Yes, Larry Hite has co-authored a book titled “Trend Following” with Andreas F. Clenow, which provides insights into his trend-following investment strategy.
7. What are some of Larry Hite’s philanthropic efforts?
Larry Hite has been involved in various philanthropic efforts, including supporting the University of California, Los Angeles, and the Hite Foundation, which focuses on education and healthcare initiatives.
8. What is the “Hite All Weather” strategy?
The “Hite All Weather” strategy is a trend-following system developed by Larry Hite. It aims to generate positive returns in various market conditions, hence the name “All Weather”.
9. How has Larry Hite’s net worth changed over time?
Larry Hite’s net worth has grown significantly over the years due to his successful investment strategies and the growth of his hedge fund. However, the exact figures for each year are not publicly available.
10. What is Larry Hite’s current role in the investment industry?
Larry Hite is currently the President and Chief Investment Officer of Hite Private Equity Fund. He continues to be an active investor and a respected figure in the hedge fund industry.
