BACON
Louis

• 1. Investment career

Louis Moore Bacon is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of Moore Capital Management.

Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400 as of February 2017.

Investment career

After receiving his MBA, Bacon joined the sales and trading program at Bankers Trust. Later he left the firm and returned to Walter N. Frank & Co. where he traded currencies. Bacon took a job on the floor of the New York Cotton Exchange, working as a "runner". Bacon later worked as a broker and trader of financial futures at Shearson Lehman Brothers and eventually became the senior vice president for their futures trading division.

In 1987 Bacon founded Remington Trading Partners. His market insights allowed him to profit during the market crash and subsequent rebound. In 1989, Bacon used his middle name when he founded Moore Capital Management LLC; in 1990 he founded Moore Global Investments, using $25,000 inherited from his family.

In 2006, Forbes magazine ranked Bacon as the 746th richest person in the world; in 2011 it ranked him as the 736th richest man. In 2010, the Denver Post reported that Bacon's net worth of $1.6 billion ranked him as the 238th richest American. In March 2010 Forbes Magazine estimated Bacon's net worth to be $1.5 billion, and ranked him as the 655th richest person in the world.

In December 2013, Bacon purchased Taos Ski Valley from the Blake family, who had owned it since 1954.

As of March 2022, Bacon holds a substantial interest in EV startup, Fisker Inc. with Bacon's Moore Capital Management holding 8.45 million Fisker shares.