Rick Sopher Net Worth – $100 million
What is Rick Sopher’s net worth? Who is Rick Sopher’s wife?
Introduction
Rick Sopher is an English Chairman and CEO of Edmond de Rothschild Capital Holdings Limited.
He is a former director of the management company of RIT Capital Partners (formerly Rothschild Investment Trust), whose Chairman is British investment banker Lord Jacob Rothschild.
In addition, Sopher is chairman of Leveraged Capital Holdings, a hedge fund that was started by the Edmond de Rothschild Group.
Biography
He was born on December 22, 1959, in London, England.
Rick studied at the City of London School, an independent day school for boys in the City of London.
He graduated in economics from Christ’s College, Cambridge, in 1981. The college has a reputation for the highest academic standards.
BDO Global
Rick Sopher, Carol Sopher and Frank Cohen attend a reception to celebrate the launch of the third annual Fortnum’s x Frank exhibition – @Getty
Binder Dijker Otte (BDO) is an international network of public accounting, tax, business, and consulting advisory firms. BDO has more than 1,600 offices worldwide.
BDO is the 5th largest professional services network worldwide – it has member firms in 162 countries, employs around 81,500 staff, and partners in more than 1,600 offices worldwide.
Sopher worked at Binder Dijker Otte Stoy Hayward in corporate investigations and finance.
While working at BDO, Sopher devised a published measure of the valuations at which private companies were being sold, called – the Private Company Price Index.
In 1988, he was the youngest partner ever made by BDO.
Edmond de Rothschild
It is an international and independent financial group specializing in funds administration, corporate finance, private equity, asset management, and private banking.
As of June 30, 2015, the group operates through 6 international management groups (Paris, Luxembourg, Hong Kong, Geneva, and Frankfurt) with more than €150 billion in managed assets, 53 percent of which comes from Asset Management and 47 percent from the Private Banking business.
Edmond de Rothschild group is present in 33 countries and employs over 2,700 people.
Rick joined Edmond de Rothschild’s group in 1993. Currently, he is the Head of Alternative Multi-Management.
In May 2014, Sopher was appointed the overall head of the hedge fund.
Leveraged Capital Holdings
It is a 2-tier open-end investment company based in London, which is affiliated with Edmond de Rothschild Asset Management Ltd.
Leveraged Capital Holdings was launched in 1969 – the first multi-manager fund of hedge funds.
The hedge fund mainly invests in equity strategies, both short and long, and to a lesser extent in other strategies, including global macro, primarily in the US.
Rick is the chairman of Leveraged Capital Holdings.
In November 2015, LCH was ranked first out of 102 companies for investment performance by InvestHedge.
In 2018, Leveraged Capital Holdings’ group of managers made more than $23 billion net of fees for its investors.
During an interview, Sopher declared:
“This is an impressive performance. Most managers in the top 20 either managed to stay out of trouble when equity markets fell sharply toward year-end.”
Rick continued:
”Or had an investment approach that was not linked to the direction of equity markets.”
Wife
Rick Sopher (and Carol Sopher attend the Design Fund Gala in aid of Victoria and Albert Museum – @Getty
Rick Sopher is married to Carol Sopher.
Children
The couple has two daughters, Hannah and Amelia Liana, a beauty blogger and YouTuber.
Amelia Liana started her YouTube channel on May 11, 2013.
At the time of writing, Liana has over 141 million views and more than 522,000 subscribers.
The most popular video on her YouTube channel is titled – ”Hannah’s Hair Tutorial – Curls With A Straightener.” The video has over 4.3 million views, and it was uploaded on August 28, 2015.
Amelia Liana attends the Jaeger-LeCoultre Gold Cup Polo Final at Cowdray Park on July 23, 2017 – @Getty
Amelia also has an Instagram account with over 511,000 followers.
She has been featured in beauty journals, including:
- Cosmopolitan;
- the Sunday Times Style;
- Grazia.
Liana has collaborated with multiple fashion brands, including:
- Bobbi Brown;
- L’Oreal;
- Very.co.uk;
- Rimmel;
- Revolve Clothing;
- Yves Saint Laurent;
- Burberry.
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The Instagram celebrity has worked as the Beauty Editor of Cosmopolitan Magazine’s Resident Beauty Vlogger and Suitcase Magazine.
During a recent interview, Amelia Liana confessed:
“When the recession hit most businesses badly — the beauty industry continued to grow. People always like to feel better about themselves.”
Liana went on to say:
Amelia Liana walks the red carpet ahead of the ‘Three Billboards Outside Ebbing, Missouri’ screening – @Getty
“I’m completely self-taught and love the challenge. It’s led to amazing opportunities — including working for magazines and at London Fashion Week.”
Quotes
“Lansdowne Developed Markets are the second European-based firm to enter the top 20; they have made $11.8 billion of gains for investors after fees since launch in 2001.”
”Hedge fund returns were muted overall in 2014, and net gains for investors at $71 billion were lower than in the two previous years.”
“The hedge fund industry is going to be the subject of some really rash and nasty and intense regulation.”
“The institutionalization of the business has brought about a sea change in terms of transparency.”
“The increasing capabilities of technology-based investment systems is in evidence.”
“The returns from hedge funds in 2015 overall was unsatisfactory, because they lost money for investors.”
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Trivia
Sopher is a trustee of the endowment of Sir Moses Montefiore (a British financier and banker who donated large sums of money to promote economic development among the Jewish community in the Levant).
In November 2015, Rick received the award for “Outstanding Contribution to the Fund of Hedge Fund Industry” from Hedge Fund Review.
In August 2015, Sopher was nominated for the “Hall of Fame” by InvestHedge.
In March 2015, Rick was nominated for the “Decade of Excellence Award” in institutional hedge fund management by Financial News.
Sopher has pioneered research into investment in absolute return strategies.
Rick is qualified as a chartered accountant. Chartered accountants work in all fields of finance and business, including general management, finance, taxation, and auditing.
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Rick Sopher – Net Worth
So, how much is Rick Sopher worth?
Sopher earned most of his wealth from managing Edmond de Rothschild and Leveraged Capital Holdings.
In addition, in the first part of his professional career, he worked at Binder Dijker Otte Stoy Hayward.
Therefore, Rick Sopher has an estimated net worth of $100 million.
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References https://uk.reuters.com/hedge-funds-to-manage-3-trln-by-2013 https://uk.finance.yahoo.com/news/top-20-hedge-fund-managers
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