The net worth of David Magerman is not publicly disclosed, but SCP Magazine estimates it to be in the range of $1 to 2 million. He is a notable figure in quantitative finance, having worked at Renaissance Technologies, a prominent hedge fund, for 22 years. Additionally, he has been actively involved in various business and philanthropic ventures, including the establishment of kosher restaurants and initiatives focused on data privacy. He gained attention when he filed a lawsuit against his former boss, Robert Mercer, citing political differences.
More about David Magerman
- Full Name: David Magerman
- Date of Birth: 1968
- Place of Birth: Miami, Florida
- Education: B.S. degree from the University of Pennsylvania and a Ph.D. in Computer Science from MIT
- Occupation: Co-founder and managing partner at Differential Ventures
David Magerman grew up in New York City and attended the University of Pennsylvania, where he earned a B.S. degree. He then pursued a Ph.D. in Computer Science at MIT and graduated in 1987. He worked as a physicist at the Los Alamos National Laboratory before joining Renaissance Technologies, a quantitative hedge fund, in 1990.
At Renaissance Technologies, Magerman worked as a quantitative researcher and trader for 27 years. He developed and implemented successful trading strategies that significantly contributed to the fund’s remarkable returns. He was widely regarded as one of the foremost practitioners of quantitative finance in the world. In 2017, he left Renaissance Technologies following a dispute with his boss, Robert Mercer, related to politics and race issues. Subsequently, he co-founded Differential Ventures, a venture capital firm with a focus on data and artificial intelligence.
Magerman is a dedicated philanthropist who actively supports various causes, including Jewish education, social justice, and environmental protection. He has generously donated millions of dollars to various organizations and initiatives that align with his values and vision.
David Magerman is married to Debra Magerman (née Kampel) and is the father of four children. He resides in Pennsylvania with his family.