Joel Greenblatt Net Worth

What is Joel Greenblatt’s net worth?


Joel Greenblatt is an American investor, hedge fund manager, author, and founder of Gotham Capital.

He currently serves as Managing Principal and Co‐Chief Investment Officer of Gotham Asset Management.


He was born on December 13, 1957, in Great Neck, New York, USA.

In 1979, Joel received his B.S. summa cum laude from The Wharton School at the University of Pennsylvania.

In 1980, Greenblatt earned his MBA from the Wharton School.

Gotham Capital

In 1985, he started a hedge fund, Gotham Capital, with a startup capital of $7 million. Most of the money was provided by junk-bond king Michael Milken.

From 1994 to 1995, Greenblatt served as a chairman of the board of the aerospace company Alliant Techsystems.

In 1997, Joel published his first book, ”You Can Be a Stock Market Genius.” The book is a practical guide for fund managers.

In 2006, he released ”The Little Book That Still Beats the Market.” In the book, Greenblatt described his Magic Formula — a ”long-term investment strategy designed to help investors buy a group of above-average companies but only when they are available at below-average prices.”

Joel recommended the acquisition of 30 good (but cheap) companies with a high earnings yield. ”Companies that achieve a high return on capital are likely to have a special advantage of some kind,” he wrote.

Many studies have found merit in Joel’s “magic investing formula” in several markets worldwide.

Also in 2006, he started to teach at Columbia University’s Graduate School of Business.

In 2007, Greenblatt and Robert Goldstein, together with Gary Curhan, created the Gotham Prize for Cancer Research. Every year, an individual with the most innovative idea in cancer research will receive $1 million.

Gotham Asset Management

In 2008, Gotham Asset Management was created as the successor to Gotham Capital. Robert Goldstein and Joel serve as Managing Principals and co-CIOs.

In October 2009, Greenblatt started the online money management firm — Formula Investing.

In 2011, Joel published a book titled – ”The Big Secret for the Small Investor: A New Route to Long-Term Investment Success.”

”I’m always saying it’s still a big secret because nobody bought it,” Greenblatt told Stockopedia in August 2018 about the book. He added: ”The idea of the book was to explain simple principles that would carry on through the tough periods of time.”

In February 2014, Formula Investing merged with Gotham Asset Management.

In 2018, Joel made a guest appearance as himself on ”Maria Bartiromo’s Wall Street.”

In 2022, Gotham Asset Management launched the Gotham 1000 Value ETF.

READ MORE: Who is Fran Lebowitz’s partner?


Joel Greenblatt is married to Julia.


The couple has five children named – Jordan, Melissa, Rebecca, Jonathan, and Matthew.


”It’s not what you buy, it’s what you pay for it.”

”Reading history books shouldn’t be able to make you money.”

”If we can do something for less than free, we gotta go do it.”

”In order to beat the market, you have to do something different than the market.”

”Buying a share of a good business is better than buying a share of a bad business.”

”The best investment strategy is the one that makes sense and that you can stick with.”

READ MORE: Richard McVey Net Worth

Joel Greenblatt – Net Worth

Greenblatt earned most of his wealth from founding Gotham Capital, a firm with 40 percent annualized returns from 1985 to 2005.

Currently, he is the Managing Principal at Gotham Asset Management. At the end of 2020, Gotham Asset Management held positions in 985 stocks with a market value of more than $3 billion.

He also started a website, Value Investors Club.

In 2002, Joel donated $2.5 million to P.S. 65Q, a public elementary school.

Moreover, Joel is the author of several books, including – “The Big Secret for the Small Investor,” “The Little Book that Still Beats the Market,” “The Little Book that Beats the Market,” and “You Can Be A Stock Market Genius.” 

”The Little Book that Beats the Market” is a New York Times bestseller with more than 400,000 copies sold in print.

Greenblatt serves as an adjunct professor at Columbia Business School since 1996.

Joel has also been a director of Pzena Investment Management Inc. since October 2007.

He served on the investment boards of the UJA-Federation of New York and the University of Pennsylvania.

Therefore, American hedge fund manager Joel Greenblatt has an estimated net worth of $500 million.

READ THIS NEXT: Who is Kevin Kwan?

Leave a Comment