What is Michael Platt's Net Worth?
Michael Platt is a British businessman who has a net worth of $15 billion. Michael Platt acquired his billionaire status as co-founder of BlueCrest Capital Management, an alternative asset management firm. It was in late 2000 that he teamed-up with Williams Reeves to set up the company, as he was well-equipped with experience having spent almost a decade at JP Morgan. Since its foundation, the company has grown opening additional offices in New York, Boston, Geneva, and Singapore, apart from its headquarters in London.
Over the years, BlueCrest Capital Management has accumulated $35 billion in assets under management, thus becoming one of Europe's biggest hedge funds. In 2011, Platt bought his partner's share and even the minority owner Man Group, for $633 million. But in 2013, his multi-strategy BlueCrest International fund is said to have lost 1.57%.
