Age, Biography and Wiki
Bill Hwang (Sung Kook Hwang) was born on 1964 in South Korea, is a manager. Discover Bill Hwang's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 59 years old?
| Popular As |
Sung Kook Hwang |
| Occupation |
Investor; trader |
| Age |
59 years old |
| Zodiac Sign |
|
| Born |
1964 |
| Birthday |
1964 |
| Birthplace |
South Korea |
| Nationality |
South Korea |
We recommend you to check the complete list of Famous People born on 1964.
He is a member of famous manager with the age 59 years old group.
Bill Hwang Height, Weight & Measurements
At 59 years old, Bill Hwang height not available right now. We will update Bill Hwang's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Who Is Bill Hwang's Wife?
His wife is Becky Hwang
| Family |
| Parents |
Not Available |
| Wife |
Becky Hwang |
| Sibling |
Not Available |
| Children |
1 daughter |
Bill Hwang Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Bill Hwang worth at the age of 59 years old? Bill Hwang’s income source is mostly from being a successful manager. He is from South Korea. We have estimated
Bill Hwang's net worth
, money, salary, income, and assets.
| Net Worth in 2023 |
$1 Million - $5 Million |
| Salary in 2023 |
Under Review |
| Net Worth in 2022 |
Pending |
| Salary in 2022 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
manager |
Bill Hwang Social Network
| Instagram |
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| Linkedin |
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| Twitter |
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| Facebook |
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| Wikipedia |
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| Imdb |
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Timeline
Sung Kook Hwang (Korean: 황성국), better known as Bill Hwang, is an American investor and trader. The Wall Street Journal reported that Hwang lost US$20 billion over 10 days in late March 2021, imposing large losses on his bankers Nomura and Credit Suisse. On April 27, 2022, he was indicted on federal charges of fraud and racketeering in the same matter.
On April 27, 2022, Hwang and his former top lieutenant, Patrick Halligan, were arrested and charged with racketeering conspiracy, securities fraud, and wire fraud as part of scheme to harm investors. In a 59-page indictment, Manhattan federal prosecutors alleged that Hwang and Halligan schemed to manipulate stock prices. Lawyers for Hwang and Halligan stated that they were innocent of the charges in the indictment. Hwang was released on a $100 million bond, which was secured by two properties and $5 million in cash. Halligan was released on a $1 million bond.
In March 2021, the losses at Archegos Capital Management triggered the default and liquidation of positions approaching $30 billion in value, leading to substantial losses to Nomura and Credit Suisse, as well as Goldman Sachs and Morgan Stanley The firm had large positions in ViacomCBS, Baidu, Vipshop, Farfetch, and others.
He is the co-founder of the Grace and Mercy Foundation, a charitable organization. In 2018, the foundation had more than US$500 million in assets. Hwang's offices are located in Manhattan.
In 2014, Hwang was banned from trading in Hong Kong for four years.
In 2012, Tiger Asia Management and Hwang paid a $44 million settlement to the U.S. Securities and Exchange Commission in relation to insider trading.
In 2012, Hwang closed Tiger Asia Management, and opened a family office, Archegos Capital Management, which managed US$10 billion of family money. As a family office, they were less regulated than as a hedge fund.
Hwang began his career at Hyundai Securities in New York, after which he worked at the now defunct Peregrine Investments Holdings. At Peregrine, he met Julian Robertson as one of his clients. Hwang went to work for Robertson's Tiger Management. Robertson closed his hedge fund in 2000 but handed Hwang about $25 million to launch his own fund, Tiger Asia Management, which grew to over $5 billion at its peak. Robertson’s former protégés are known as the Tiger Cubs, and Hwang was considered one of the most successful among them. Tiger Asia suffered heavy losses in the Great Recession.
