Leading finance magazine Forbes has compiled a list of the
top 40 wealthiest hedge fund managers from around the world: Ranging from Carl
Icahn, with a net worth of $20 billion through to Seth Klarman with a
relatively modest $1.05 billion.
Louis Bacon’s $1.3 billion personal wealth places him in a
respectable 28th position in the list yet, while many of his
competitors were noted for the business prowess, it was Louis Bacon’s
philanthropic ventures which also caught the eye.
Louis Bacon’s Moore Foundation has been working with
conservation charities since 1994 and recently pledged $150,000 to the Bahamas
National Trust (BNT) to help implement its ‘conchservation’ campaign.
Closer to home, in 2012, Bacon successfully stopped two
power companies from building power lines across his Trinchera Ranch in
Colorado.
At the time, he said: “"Having helped many others in
their fights against outside, profit-oriented polluters, I couldn't shirk this
battle when I know there is so much at stake for the San Luis Valley residents,
the range, the environment, the animals and for all of Colorado."
In 2012, he revealed plans to donate 90,000 acres of land in
Trinchera to the U.S. Fish and Wildlife Service for conservation purposes.
Over 200,000 acres has been set aside for conservation by
Louis Bacon throughout the years including 424 acres on Robins Island in New
York's Peconic Bay, and a 3,000 acre plot on his ancestor's original plantation
down south.
As a fresh-faced 20 year old, Bacon spent the summer working
on the fishing boat of NYSE board member Walter Frank and the experience
clearly had a profound effect on the young investor. Decades of charity work
later and his dedication to preserving nature remains as strong ever.
It is estimated that he has given around $50 million to
environmental causes and organisation, helping to preserve natural habitats
from development and maintain wildlife levels across the country.
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