James Steven Chanos is an American investment manager. He is also the president and founder of Kynikos Associates. It is a New York City registered investment advisor focused on short selling. Also, he is a noted collector. Furthermore, he also appeared on the BBC four documentary The Bankers Guide to art. Mr Chanos resides in Florida. He is presently a lecturer in finance and a Becton fellow at the yale school of management. There he teaches a class on the history of financial fraud. Also, changes serve as a trustee of the Nightingale Bamford School and the New York Historical Society.
Jim Chano’s Net Worth
Jim Chanos is an American hedge fund manager with a net worth of $1.5 billion. He was born in Milwaukee, Wisconsin, and graduated from Yale in the early 1980s. He began his career in finance and investments after graduating from Yale. Chanos gained notice from his first successful short-selling in the financial community.
Chanos has also worked for a couple of financial firms. Later he branched with his own company and founded Kynikos Associates in 1985. His company was internationally known, and he became the first financial analyst to recognize Enron’s monetary issues. Later he became quite wealthy through this establishment.
Since 2010 he has been warned of the instability of the Chinese economy. Also, there has been some citation of historical evidence that proves that the Chinese economy might crash in future. Chanos has pulled back on his pessimistic views on Chinese real estate.
Also Read: How Sanaa Lathan’s Net Worth Rose to $5 Million!
Chano’s Early life and Career
James Chanos was born in 1957 into a greek immigrant family living in Milwaukee, Wisconsin. His family operated a chain of dry cleaning shops in Milwaukee. Chanos graduated from Wylie E. Groves High School and received a Bachelor’s in economics and political science from Yale University.
He began his career at the brokerage firm Gilford securities in 1982. Also, he performed cash flow at Gilford. After working as an analyst in several firms, he found his own company and became more popular than before. He founded Kynikos in 1985 with $16 million as a firm specializing in short selling.
Chanos describes his marketing strategy as intensive research into stocks, looking for fundamental failing in the market valuation, and understanding the weaknesses in the business market for a particular store.
Also Read: Jeanette Lee Net Worth: Black Widow’s Wealth!
Chano’s Investment
He invested in Enron after his collapse in short selling. He was a short seller of Enron throughout 2001, increasing his sort place as more information surfaced. Then later, he started predicting the Chinese economy and the crash of its economy in future. Also, he predicted that the country would lead to the old way of the soviet union.
