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A wonderful year for the elite: Top 25 hedge fund managers earned record $32 billion in 2020 as millions plunged into misery Institutional Investor ( II) published its annual “Rich List” of the top twenty-five hedge managers and their earnings in 2020. During a year in which tens of millions of people lost their jobs and hundreds of thousands died from the coronavirus pandemic in the US, these super-wealthy individuals collectively increased their earnings 50 percent over 2019 to $32 billion. In “The 20th Annual Rich List, the Definitive Ranking of What Hedge Fund Managers Earned in 2020,” Stephen Taub wrote, “A bad year for humanity was a wonderful year for the hedge fund elite.”

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