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The Most Powerful People in Global Finance

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The Most Powerful People in Global Finance THE MOST LIVE POWERFUL GROW PEOPLE IN GLOBAL MAKE FINANCE THE POWER 100 THE POWER 2O15 POWER WHETHER IT’S IN SILICON VALLEY OR WALL STREET, 1OOLONDON OR MOSCOW, BEIJING OR MUMBAI, FINANCIAL POWER TAKES MANY FORMS—BANKERS AND BILLIONAIRES, POLITICIANS AND PROPHETS. Meet the 100 most powerful men and women in finance for 2015. From all across the globe, they shape your world. PORTRAIT ILLUSTRATIONS BY STANLEY CHOW WORTH.COM OCTOBER-NOVEMBER 2015 117 LIVE areas, where inconsistent elec- current mayor now seems Wall Street Week on Fox af- 95 tricity and scorching heat often obsessed with undoing— filiates in major U.S. markets. disable what for many is an Bloomberg left office in 2014, Taking over Louis Rukeyser’s PAUL KRUGMAN GROW economic lifeline. She has also intending to devote himself role of host, Scaramucci has 98 Columnist, the New York Times pioneered allowing employees full-time to the work of his updated the program to focus SONJA HOEL PERKINS to take three two-year sabbati- foundation, which focuses on deep-dive conversations 2014 RANKING: 94 cals over the course of their ca- on anti-tobacco and pro-gun with power brokers such as Managing Director, Menlo Ventures MAKE PATH TO POWER: Popularly reer, a policy aimed at helping control activism, improving Jeff Gundlach, Carl Icahn and SBI’s female employees, who the efficiency of city govern- Leon Cooperman. PATH TO POWER: Perkins was raised in Virginia and known for his tough-talking brought her roots west; her Pacific Heights home is mod- Times columns and unex- face profound cultural chal- ments and backing the arts. eled after Thomas Jefferson’s Monticello. After undergrad pectedly peripatetic blog, lenges combining motherhood POWER PLAY: Although 100 THE POWER Krugman is also a professor with work outside the home. at UVA and then Harvard Business School, she eventually he repeatedly said he had 90 of economics at the City Uni- SHEIKH joined Menlo Ventures, where she made partner at 29. no intention of rejoining his versity of New York. ABDULLAH BIN She worked her way up to managing director, and in 2010, company, Bloomberg did just cofounded Broadway Angels, a VC fund run by tech execu- 93 MOHAMMED BIN POWER PLAY: Krugman is a that months after leaving the tives and investors who “all happen to be women.” RAND PAUL potent combination of liberal mayor’s office, in the process SAUD AL-THANI U.S. Senator, R-Kentucky ousting CEO Dan Doctoroff. POWER PLAY: Perkins has a track record of investing in academic, closet idealist and CEO, Qatar Investment Authority companies founded by women: Forty percent of the com- dyspeptic outsider, which Bloomberg is said to doubt 2014 RANKING: 39 A mem- panies she has funded were started by women, including makes him both a highly po- the point of the company’s PATH TO POWER: punditry, investigative report- ber of the Qatari royal family, Minted, an online stationery, art and design company she larizing academic and a must- PATH TO POWER: Paul, the Sheikh Abdullah served as says is on its way to being worth $1 billion. In the process, read columnist. This year son of libertarian folk hero Ron ing and political journalism, chairman of the Ooredoo she’s quietly but effectively redressing gender imbalance in the Republican presidential Paul, spent the first 18 years of and is slashing its efforts on Group, a Doha-based tele- both the technology and VC worlds. race, and Donald Trump in his career as an ophthalmolo- all those fronts; before Labor communications provider, particular, have been good to gist. He was elected to the Day, Bloomberg laid off some before becoming CEO of the Krugman. “The conventions Senate in the 2010 midterms 80 journalists. Qatar Investment Authority of political reporting and and quickly gained a following in December. an American second act; the University of Wisconsin- political commentary make it among many of the same vot- after being banned from River Falls, Swensen earned almost impossible to say the 91 100 96 ers who supported his father. POWER PLAY: Flush with the securities industry for a PhD in economics at Yale. obvious,” Krugman wrote in ANTHONY JUDSON BERGMAN BILL GATES oil money, Qatar’s sovereign misleading investors while a After working at Lehman August. “Namely, that one POWER PLAY: Now a can- SCARAMUCCI Chairman and CEO, Envestnet Co-Chairman, Bill and Melinda Gates wealth fund has at least $256 stock analyst at Merrill Lynch, Brothers and Salomon of our two major parties has didate for president—though Founder and Co-Managing Partner, Foundation billion AUM, and Al-Thani is Blodget began writing about Brothers, Swensen became gone off the deep end.” not a very successful one— SkyBridge Capital PATH TO POWER: Armed overseeing a push into Asian finance, authored a book on Yale’s CIO in 1985. Averaging Paul stands apart from most with a BA in English from Whea- PATH TO POWER: The Se- and U.S. markets in a bid to Wall Street, and in 2007 co- 14.4 percent returns a year of the GOP candidates in his 2014 RANKING: 95 ton and an MBA from Columbia, attle native with an early in- diversify beyond the QIA’s founded Business Insider with since then, Swensen is the refusal to toe the party line on Bergman worked at Chicago- terest in computers dropped 94 PATH TO POWER: The already strong European entrepreneur Kevin Ryan. pioneer of the “Yale Model” a number of issues, including based asset manager Nuveen out of Harvard to found ARUNDHATI Tufts and Harvard Law grad holdings. The challenge for of investing, essentially Microsoft with Paul Allen. BHATTACHARYA national security. (He opposes before launching Envestnet in POWER PLAY: Business worked at Goldman Sachs in Al-Thani: establishing a foun- abandoning the conservative Having been consistently the government eavesdropping 1999. The firm pioneered soft- Insider has become a Wall Chairman, State Bank of India private wealth, investment dation of long-term wealth for endowment mix of stocks world’s wealthiest person and intervention overseas ware for financial advisors. Street force: Website ana- banking and equities before a country that can no longer and bonds to invest in long- since 1995—now with a net generally.) Paul also breaks lytics company ComScore 2014 RANKING: 93 launching Oscar Capital take oil riches for granted. POWER PLAY: In August En- term, often illiquid alterna- worth of nearly $80 billion— with Beltway consensus in his reports that, with 40 mil- Management. That firm was vestnet bought Yodlee, a tech tive investments. Gates retired as chairman of PATH TO POWER: Bhat- views on both Wall Street and lion unique monthly page eventually sold to Lehman company that makes apps Microsoft in 2014 to devote tacharya has worked at the its regulators: He vehemently views, Business Insider has POWER PLAY: University en- Brothers, where Scaramucci 88 that aggregate users’ invest- himself to philanthropy. government-operated State opposes the bank bailouts more online readers than dowments have come under headed investment manage- CLIFF ASNESS ment and banking info, for Bank of India since 1977, when and talks often about his de- the Wall Street Journal and attack lately from critics who ment. In 2005, Scaramucci $660 million—twice its book POWER PLAY: With an she was 22; she became sire to “audit the Fed.” Cofounder, AQR Capital Forbes. Sometimes the think that wealthy universities founded SkyBridge, a fund of value. Bergman is betting that endowment of more than chairperson in 2013, the first Management site reads like BuzzFeed should underwrite all tuition funds investment firm. Yodlee’s data, collected from $42 billion, the education-, woman and the youngest for business—“5 Habits of costs and stop “hoarding” 2014 RANKING: 73 about 50 million users, will healthcare- and poverty- person ever to do so. SBI ac- 92 POWER PLAY: With his People who Always Get funds. But Swensen and the help Envestnet’s clients, some focused Gates Foundation counts for nearly a quarter of MICHAEL annual SALT conference en- Promoted”—but the clickbait dozens of endowment man- PATH TO POWER: The 40,000 independent financial is the world’s largest private the country’s bank deposits BLOOMBERG trenched as a must-attend is frequently balanced with agers he has trained and/or Queens-born hedge funder advisors, better understand charity. Gates aims to eradi- and about the same amount event for Wall Street power was heading for a career in market-changing, agenda- inspired have helped make CEO, Bloomberg their customers. cate malaria, and this year he of its total lending. players, Scaramucci ex- academia after earning an setting journalism. several American universi- got closer to reaching that PATH TO POWER: Bloom- panded his influence in 2015. MBA and PhD at the Univer- ties the best in the world. POWER PLAY: Bhattacharya goal: A Gates-backed malaria berg founded Bloomberg, of In January, he and a group of sity of Chicago Booth School Swensen’s influence is hard has helped the bank launch 99 vaccine—the first of its kind the eponymous terminals, in partners opened Hunt & Fish of Business. But Asness to overstate: The Wall Street its digital operations, pushed HENRY BLODGET 97 and 28 years in the mak- 1981. Twenty years later, and Club, a Times Square restau- surprised his professors by DAVID SWENSEN Journal recently reported that to cut the red tape typical of ing—was approved by Euro- just weeks after September rant targeting the red-meat joining Goldman Sachs, where Cofounder, CEO and Editor in Chief, more than $1 out of $6 held by pean regulators and could Indian government opera- CIO, Yale University 11, the people of New York power-lunch crowd—the per- he founded the firm’s Global Business Insider U.S.
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