Manager Louis Bacon. A true connoisseur of nature
Many successful people, businessmen, traders and investors show their love for Mother Nature in their own unique way.
Some people cut down forests at the very root, while boasting about thousands of dollars in donations for garbage collection and planting new saplings, while others genuinely sponsor various environmental projects and remain in the shadows.
Louis Bacon, being a successful billionaire manager, is one of the leaders in the field of environmental philanthropy.
Moreover, he is the founder of a special fund that invests in young and promising projects aimed at environmental protection.
The life of this billionaire, a trader and manager by profession, can become an excellent role model not only for aspiring traders, but also for anyone thinking about their future.
It is worth noting that Louis grew up in a very wealthy family, as his father was the owner and founder of the real estate company Bacon & Co.
Later, his father worked at Merrill Lynch, which allowed him to provide for his family and Louis Bacon's education at a high level.
Louis Bacon graduated from the private Episcopal boarding school in Alexandria, then attended Middlebury College. His graduation from Middlebury earned him a bachelor's degree in literature.
The most interesting thing is that a complete change in his life position and the emergence of a passion for financial markets occurred after meeting the then-famous trader Walter Frank, when Louis was on a fishing boat, earning money to support himself.
There, the traits of a future trader were spotted, leading to an invitation to work at Walter N. Frank & Co. After a simple internship, Louis took a fresh look at his education and enrolled at Columbia University to earn an MBA.
Incidentally, while still a student, Louis Bacon made his first attempt at becoming a businessman. He took out a loan at a very low interest rate and began actively buying and reselling goods.
The experiment turned out to be negative, so the father had to borrow huge amounts of money to pay off the debts and at least somehow help the unfortunate student finish his studies.
After graduating from Columbia, Louis Bacon took a job at Bankers Trust, but soon returned to his acquaintance at Walter N. Frank & Co.
There he was given the responsible mission of carrying out hedging operations on the foreign exchange market, and soon he managed to get a job at the Cotton Exchange as a liaison, who carried out orders for clients and the company.
The young trader and broker's talents were spotted at Shearson Lehman Brothers, where Louis eventually joined. He was hired as a futures trader at Shearson Lehman Brothers.
His successful trading performance very quickly moved him up the career ladder, so he soon became the vice president of the department for futures trading.
In 1989, Louis decided to strike out on his own and created Moore Capital Management LLC, and later, with the help of his father's inheritance of $25,000, the fund was transformed into Moore Global Investments.
It's worth noting that Bacon was doing very well, as the fund returned 80 percent in its first year, which was a huge amount at the time.
He was more successful than anyone at trading on important events and predicting crises. Just look at his come-true prediction about the future of troop deployments to Iraq and the new war the United States would enter.
Thanks to his ability to predict crises, within just a few days, Louis Bacon had more than 8 billion dollars in his hands.
In 1992, Louis Bacon created a charitable foundation that began to engage in investing to non-profit environmental projects. Some of them received millions of dollars in donations.
Today, Louis Bacon's net worth is estimated at US$1.4 billion, placing him among the richest people in the world on the Forbes list.
