Michael Price

$1.2B

as of 04/07/22

About Michael Price

Michael Price runs MFP Investors, a New York-based hedge fund with over $1 billion in assets.

Price began his career in finance as a research assistant at Heine Securities in 1975 and bought the company after Michael Heine died in 1988.

Price increased the value of the firm's assets under management to $17 billion before selling it to Franklin Securities for $670 million in 1996.

After the sale, Price stayed on at Franklin Securities as chairman and to manage the mutual funds. He left in 2001.

In 1997, he donated $18 million to his alma mater, the University of Oklahoma, which renamed the business school after him.

Personal stats

Citizenship

United States of America

Source of wealth

investments

Birth date

07/03/52

Number of children

Education

Bachelor of Arts/Science, University of Oklahoma

Self-made

inherited and growing

Michael Price’s fortune is worth

20K

troy ounces of gold

18K

median U.S. household

12K

median U.S. income

0.024%

U.S. credit card volume

0.005%

GDP of the United States

0.004%

United States debt

Net worth history

Annual ranking

Did you know?

In 2001, Price donated $25 million to Yeshiva University to fund the 223,000-square-foot Michael F. Price Center for Genetic and Translational Medicine.