Michael Platt Biography
Michael Platt is a British billionaire hedge fund manager. Likewise, he is the co-founder and managing director of BlueCrest Capital Management in Europe. He is also Britain’s wealthiest hedge fund manager according to the Forbes Real Time Billionaires List.
How old is Michael Platt? – Age
The actor is 55 years old as of 2023. He was born on March 18, 1968, in Preston, United Kingdom, where he also grew up.
How tall is Michael Platt? – Height
Michael is 6 feet 2 inches (1.88 m) tall.
Michael Platt Mother, Father, Siblings – Family
Platt was born in Preston, Lancashire, England to his mother was a university administrator. On the other hand, his father taught civil engineering at the University of Manchester. It is known that his grandmother was the one who introduced him to investment at the age of 14 years. However, he has not disclosed whether he has any siblings or not.
Michael Platt Education
Michael enrolled at Imperial College London where he pursued civil engineering. Afterward, he joined the London School of Economics and Political Science where he graduated in 1991. During this time, he majored in mathematics and economics.
Is Michael Platt Married? – Wife
Platt has not disclosed to the public whether he is currently married, in any relationship, or seeing someone. It is known that he is a bit sensitive when it comes to his private life.
Michael Platt Daughter
The billionaire has not disclosed any information regarding his daughter to the public yet.
Michael Platt, co-founder and managing director of BlueCrest Capital Management in London, has seen his wealth rise by GBP300 million in the past year. BlueCrest now exclusively manages the wealth of partners and members, resulting in a 50% gain in 2016.
The firm, valued at GBP1.51 billion in 2011, was founded by Platt and William Reeves. In contrast, Crispin Odey’s pessimistic bets on the UK economy led to a 49.5% loss in his GBP6.5 billion hedge fund in 2016. Odey, a Brexit supporter, faced pre-referendum pressures, with his hedge fund’s profits dropping from GBP84 million to GBP44 million in 2015-16.
In December 2015, it is known that he announced that BlueCrest would return $7 billion to outside investors. He also stated that the fund would cease taking external funds, and transition into a private partnership.
Furthermore, he highlighted industry challenges such as fee pressures, rising talent acquisition costs, and complexities in catering to diverse investor needs. However, BlueCrest’s remarkable 95% gain elevated Platt’s net worth to $10 billion in 2020. The Sunday Times Rich List of 2023 estimated his net worth at £11.50 billion.
Platt owns the luxury yacht Arrow, crafted by Feadship in 2020. With amenities like a gym, elevator, sun deck, and a hot tub, it offers luxurious features including an owner’s suite, beach club, sauna, and more. Listed for sale at $150 million, Arrow stands out in the high-end yacht market.
Michael Platt’s Net Worth
Citing his business career, Platt sits at an estimated net worth of $16 billion.
You can find and follow Michael on Linkedin using the account name: @michaelplatt